Dublin, March 27, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/v9kj4z/middle_east_and) has announced the addition of the "Middle East & Africa Liquefied Petroleum Gas Market by Sources (Refineries, Associated and non-Associated),by Application (Residential/commercial, chemical , industrial and auto gas & Others),by Countries - Regional Trends & Forecast to 2019" report to their offering.
The MEA LPG market was valued at $38.3 billion in 2013, and is estimated to grow at a CAGR of 4.0% from 2014 to 2019
The MEA LPG market is majorly concentrated in the Middle Eastern countries, which contribute towards the maximum consumption and production of LPG in the region. Saudi Arabia is the largest consumer and producer of LPG in the Middle East, accounting for more than 50% of the total demand in Middle East region. South Africa and Egypt are expected to have considerable demands for LPG in Africa.
The MEA market, based on sources, has been categorized into refineries, associated, and non-associated sources of LPG, whereas its applications primarily include residential/commercial for cooking gas & household heating, chemical for chemicals manufacturing, and industrial for industrial processes such as heating, drying, and steam generation. The autogas application includes the use of LPG as fuel in automobiles.
The Middle East region is surplus in petroleum products; hence, the use of gasoline for automobiles is predominant in the region. Since the use of gasoline results in carbon emissions, the Middle East is expected to grow on autogas. Meanwhile, although Africa accounts for a smaller market share, the region is mostly developing and is expected to grow on the residential/commercial application.
Government-owned companies from the Middle East dominate the MEA LPG market. Regional oil & gas explorer and refiners are the major suppliers of LPG to the MEA countries. Saudi Aramco (Saudi Arabia) is the largest LPG producer in the region. National Iranian Oil Corporation is expected to be the second--largest LPG supplier in the MEA region. Apart from these, Kuwait National Petroleum (Kuwait) and Abu Dhabi Oil Refining Company (Abu Dhabi) have a considerable market share in the MEA LPG market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Liquefied Petroleum Gas Market, By Source
6 Liquefied Petroleum Gas Market, By Application
7 Liquefied Petroleum Gas Market, By Region
8 Mea Liquefied Petroleum Gas Market: Competitive Landscape
9 Global Lpg Market, By Company
- Kuwait National Petroleum Corporation
- National Iranian Oil Company
- Saudi Aramco
- Takreer
For more information visit http://www.researchandmarkets.com/research/v9kj4z/middle_east_and