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MENA Petrochemicals Market Research Report 2016

Friday, October 28, 2016 1:34
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(Before It's News)

Petrochemicals Market in MENA

WiseGuy Reports research analyst predicts the petrochemicals market in MENA to grow at a CAGR of around 6%, in terms of volume, during the forecast period. The increased demand for petrochemical products from the automotive industry is the primary driver for the growth of this market. The automotive sector accounts for more than 15% consumption of the overall petrochemicals produced globally, with the MENA region accounting for 20% of the global production. For instance, the use of petrochemical products can increase the fuel efficiency of automobiles by nearly 30%.

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The growing awareness towards greener environment and the increased focus towards vegetation as a replacement for chemical feedstock is expected to deter the market growth during the forecast period. Bio-based chemicals are replacing the traditional petroleum-based production of chemicals due to the reducing crude oil reserves and fluctuating prices.

Product segmentation and analysis of – ethylene, methanol, propylene, aromatics 

Ethylene dominated the petrochemicals market in MENA during 2014, with a market share of 38%. This segment is expected to continue its leadership until the end of 2019, growing at a rate of 7%. The increased use of ethylene for the production of ethylene glycol is driving the growth of this segment. Ethylene glycol is used extensively across the world for the production of polyethylene terephthalate and polyester fibers for use in packaging and fabric industries.

The report offers an analysis of each of the following segments and discusses its impact on the overall market growth - 

• Ethylene 

• Methanol 

• Propylene 

• Aromatics

Segmentation by application and analysis of – polymer production, fertilizers, commodity trade 

Polymer production accounted for 50% of the market share during 2014 and is expected to grow at a CAGR of 6% during the forecast period. The increased demand for polymers, especially polyethylene and polypropylene-based thermoplastics and elastomers, from the automotive industry, is driving the growth of this segment. Polymers are used in the automotive industry as a replacement for traditional heavy metals resulting in weight reduction and fuel optimization in vehicles.

The report offers an analysis of each of the following segments and discusses its impact on the overall market growth - 

• Polymer 

• Fertilizers 

• Commodity trade 

• Intermediates and other downstream products

Competitive landscape and key vendors – SABIC, NPC, Sipchem, APC, Sahara, Petro Rabigh 

The petrochemicals market in MENA is highly consolidated with the ten key suppliers and their subsidiaries accounting more than 70% of the market in terms of capacity. The market experienced high levels of capacity additions and is currently facing the issue of overcapacity and supply in various individual product segments.

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The leading vendors in the market are - 

• Sidi Kerir Petrochemicals 

• Industries Qatar 

• SABIC 

• NPC 

• APC 

• Sipchem 

• Sahara 

• Yansab 

• Kayan 

• Petro Rabigh

Other prominent vendors in the market include ADNOC, TAKREER, APPC, Agrin DP, Ajman Industrial Gases, Al Intaj Sulphochemical Industries, KEMYA, Alujain Corporation, AKPC, AMS, IBN RUSHD, PETROKEMYA, ARPC, Aromatics Oman, Arvand Petrochemical, Arya Sasol Polymers, Badar Petroleum FZE, BIPC, Borzouyeh Petrochemical, Bou Ali Sina Petrochemical, Bushehr Oxygen, Chemlink, SHARQ, EPC, G.S.A.CO, Golden Swan Chemicals, GFPC, K.S.C.C., Ilam Petrochemical, Integra, IPCC, Jam Petrochemical, JUPC, Kafi International Trading, KNPC, Malaney Industries FZE, Marun Petrochemical, Merco, NPPC, OOC, PIC, PTIC, Sahara Petrochemical, SASREF, SCP, Saudi European Petrochemical, Saudi Kayan Petrochemical.

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Key questions answered in the report include 

• What will the market size and the growth rate be in 2019? 

• What are the key factors driving the petrochemicals market in MENA? 

• What are the key market trends impacting the growth of the petrochemicals market in MENA? 

• What are the challenges to market growth? 

• Who are the key vendors in this market space? 

• What are the market opportunities and threats faced by the vendors in the petrochemicals market in MENA? 

• What are the key outcomes of the five forces analysis of the petrochemicals market in MENA?

WiseGuy Reports also offers customization on reports based on specific client requirement.

Related reports: 

• Automation and Instrumentation Market in Chemical and Petrochemical Industry in Europe 2015-2019 

• Global Propylene Market 2015-2019 

• PLC Market in APAC 2015-2019 

• Global Oleochemicals Market 2015-2019

For more information or any query mail at sales@wiseguyreports.com

About Us

Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.

Contact Us:
Norah Trent
+1 646 845 9349 / +44 208 133 9349
Follow on LinkedIn: https://www.linkedin.com/company/wise-guy-research-consultants-pvt-ltd-?trk=biz-companies-cym

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