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 Sope:
This Stellar Market Research report divides the market for Saudi Arabia’s Petroleum Liquid Feedstock market into various segments based on manufacturers, regions, product types, and application areas. By taking a close look at value, output, and consumption, the market's size can be calculated. This Stellar Market Research (SMR) report covers a number of issues, including distribution channels, Porter's Five Forces Report, market share, size, growth rate, future trends, market drivers, opportunities and challenges, risks, and entry barriers.
Saudi Arabia’s Petroleum Liquid Feedstock Market Overview:
The past development and forecast growth of the upstream, midstream, and downstream businesses are examined in the SMR Saudi Arabia’s Petroleum Liquid Feedstock Market report. The market analysis goes into great detail on the market's overall size, overall revenue, and market segmentation. The SMR analysis carefully takes into account a number of variables, including market competition at present, prospective growth barriers, profiles of significant manufacturers, production and consumption by pertinent regions, among 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.
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)
Moreover, the SMR study offers information on the top players in the Saudi Arabia’s Petroleum Liquid Feedstock market, including company profiles, product photos and specifications, output and capacity data, pricing and cost details, revenue details, and contact details. It considers the requirements for raw materials, equipment, and upstream and downstream processes.
Saudi Arabia’s Petroleum Liquid Feedstock Market Regional Analysis:
The market's five geographical regions are the Middle East and Africa, South America, North America, Asia Pacific, and Europe. Stellar Market Research presents the key geographic divisions and market sub-segments. In this SMR research, we look into how regional market size, share, and volume have changed over time. This Stellar Market Research Saudi Arabia’s Petroleum Liquid Feedstock Maket industry study offers in-depth analysis of business chain structures, opportunities, and the most recent market news in addition to data, geographic 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 Organic Pigment Dispersion Market
A company based in India named Stellar Market Research was established in 2018. Long-term planning and consulting services to assist clients in achieving their organizational transformation goals are its area of competence.
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Dec 03, 2022
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