"The
Report Petrochemicals Market in MENA 2015-2019 provides information
on pricing, market analysis, shares, forecast, and company profiles
for key industry participants. - MarketResearchReports.biz"
Overview of the
petrochemicals market in MENA
Technavios
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%.
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.
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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.
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?
Table Of Content
PART
01: Executive summary
Highlights
PART
02: Scope of the Report
Market
overview
PART
03: Market research methodology
Research
methodology
Economic
indicators
PART
04: Introduction
Key
market highlights
PART
05: MENA Petrochemical Market
Market
overview
Market
size and forecast
Raw
material analysis
Five
forces analysis
PART
06: Market segmentation by application
Segmentation
by application
Polymer
production
Fertilizers
Commodity
trade
Intermediates
and other downstream products
PART
07: Market segmentation by product type
Segmentation
by product type
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