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Middle East & Africa Natural Gas Liquid Market Share
Major manufacturers in the Middle East & Africa natural gas liquid industry are initiating their research and development strategies and expanding their product portfolios while incorporating sustainable technologies. These companies aim to strengthen their market position and meet evolving customer requirements. The industry's key players operate in an environment characterized by intense competition, technological evolution, and regulatory requirements, further contributing to the industry growth.
Middle East & Africa Natural Gas Liquid Market Companies
Major players operating across the industry include:
- BP
- Chevron
- ConocoPhillips
- Dana Gas
- ENOC
- Eni
- ExxonMobil
- Linde
- Lukoil
- QatarEnergy
- RAK Gas
- Saudi Aramco
- Shell
- SNOC
- TotalEnergies
How big is the Middle East & Africa natural gas liquid market?
The Middle East & Africa natural gas liquid market was reached 4.1 million barrels per day in 2024 and is projected to grow at a 5% CAGR from 2025 to 2034, driven by rising investments in the petrochemical sector and construction activities.
What is the projected size of the ethane segment by 2034?
The ethane segment is expected to exceed 2.2 million barrels per day by 2034, supported by its increasing use in the petrochemical industry and the development of ethylene crackers.
What is the growth outlook for the petrochemical feedstock segment?
The petrochemical feedstock segment is anticipated to grow at a CAGR of over 4.5% through 2034, led by rising industrial investments and demand for materials like synthetic rubber, polyethylene, and polypropylene.
What is the forecast for Saudi Arabia's natural gas liquid market by 2034?
Saudi Arabia's natural gas liquid market is projected to surpass 1.2 million barrels per day by 2034, fueled by the expansion of the shale gas sector, lower NGL prices, and increased adoption of energy-efficient systems.
Who are the major players in the Middle East & Africa natural gas liquid market?
Key players in the industry include BP, Chevron, ConocoPhillips, Dana Gas, ENOC, Eni, ExxonMobil, Linde, Lukoil, QatarEnergy, RAK Gas, Saudi Aramco, Shell, SNOC, and TotalEnergies.