Home > Energy and Power > Oil and Gas > Downstream > middle east and africa natural gas liquid market
Get a free sample of Middle East & Africa Natural Gas Liquid Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Middle East & Africa Natural Gas Liquid Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
The Middle East and Africa natural gas liquid industry is set to witness significant growth owing to the growing adoption of liquefied petroleum gas as a clean fuel alternative and increasing the demand for natural gas liquids in transportation. Favorable initiatives to reduce emissions and comply with stringent environmental regulations along with focus on reducing air pollution and improving fuel efficiency is driving the industry growth. Infrastructure development for fueling stations is enhancing fuel accessibility coupled with governments and businesses maintain to sustainable transportation solutions is augmenting the industry outlook.
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.
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.
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.
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.
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.