Saudi Arabia’s Petroleum Liquid Feedstock Market was valued at USD 16.6 billion in 2021. Saudi Arabia Petroleum Liquid Feedstock Market size is estimated to grow at a CAGR of 5.75% over the forecast period.
The major reason for the growth of the petroleum liquid feedstock market is the rising demand for petrochemical feedstock. Around 90% of the chemical used to produce petrochemical feedstock are in the form of naphtha and ethane. The conversion of crude oil and natural gas into value-added petroleum products such as fertilizers, plastics, tires, and others will also contribute to the growth of the petroleum liquid feedstock market.
Saudi Arabia’s Petroleum Liquid Feedstock Market Scope:
This Stellar Market Research report divides the market for Saudi Arabia’s Petroleum Liquid Feedstock market into categories based on manufacturers, regions, product types, and application areas. Value, output, and consumption are used to describe the market's size. Distribution channels, Porter's Five Forces Analysis, market share, size, growth rate, future trends, market drivers, opportunities and challenges, risks, and entry barriers are just a few of the themes covered in this Stellar Market Research (SMR) analysis.
Saudi Arabia’s Petroleum Liquid Feedstock Market Overview:
The past and anticipated growth of the upstream, midstream, and downstream businesses are examined in the SMR Saudi Arabia’s Petroleum Liquid Feedstock Market report. The market report goes into great detail on the market's overall size, overall revenue, and market segmentation. A number of elements are carefully taken into account by the SMR report, including market competition at present, prospective growth barriers, profiles of significant manufacturers, production and consumption by pertinent regions, and others.
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Saudi Arabia’s Petroleum Liquid Feedstock Market Drivers:
The growth in demand for application in aromatics and gasoline, in addition to increasing fuel consumption in automation and domestic transportation, is the major factor that drives the growth of the market. Saudi Arabia is a key global player in ethylene and produces 9% of the total global capacity of ethylene which is extensively used in the chemical industry for the production of polymers. The increase in demand for plastic will drive the petroleum liquid feedstock market because natural gas oil is the key input in this product and manufacturers have a strong dependency on natural gas oil or ethane as a feedstock.
Saudi Arabia’s Petroleum Liquid Feedstock Market Segmentation:
the market is bifurcated into Naphtha and Gasoil. Naphtha dominates the segment over the forecast year. Due to its demand in the production of ethylene, it is one of the intermediate products from the distillation of crude oil. It is used as a raw material to produce plastics like polyethylene and polypropylene.
Key Players:
Saudi Aramco (Dhahran)
Weatherford Energy Services (Houston)
Gulf Energy International
Alkhorayef Petroleum
Petrogistix ( Khobar)
Petroleum Product Company (Dhahran)
Enpro Saudi Arabia ltd (Dammam)
Shahig Company (Dammam)
Grey Wolf Oilfield Services (Khobar)
ARAMCO Naoupd (Dhahran)
The SMR study also includes information on the top players in the Saudi Arabia’s Petroleum Liquid Feedstock market, such as company profiles, product photos and specifications, output and capacity statistics, pricing and cost details, revenue data, and contact details. The requirements for equipment, raw materials, and upstream and downstream processes are examined.
Saudi Arabia’s Petroleum Liquid Feedstock Market Regional Analysis:
The market's five geographical regions are Europe, North America, Asia Pacific, the Middle East and Africa, and South America. Stellar Market Research presents all significant geographic divisions and market sub-segments. We examine market size, share, and volume in this SMR report in connection to regional development. This Stellar Market Research Saudi Arabia’s Petroleum Liquid Feedstock industry study provides in-depth analysis of business chain structures, opportunities, and most recent market headlines in addition to data, geographical breakdowns, and revenue.
Key Questions answered in the Saudi Arabia’s Petroleum Liquid Feedstock Market Report are:
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Saudi Arabia Petroleum Liquid Feedstock Market , Middle East and Africa Railroad Tie Market
An Indian company called Stellar Market Research was established in 2018. Long-term planning and consulting services to assist clients in achieving their organisational transformation objectives are its area of competence.
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Nov 30, 2022
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