Middle East & Africa Liquefied Petroleum Gas Market Size & Outlook
Middle East & Africa liquefied petroleum gas market, 2018-2030 (US$M)
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MEA liquefied petroleum gas market highlights
- The MEA liquefied petroleum gas market generated a revenue of USD 8,004.7 million in 2023.
- The market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, residential / commercial was the largest revenue generating application in 2023.
- Chemical is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 8,004.7 million |
| Market revenue in 2030 | USD 11,281.3 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Residential / commercial |
| Fastest growing segment | Chemical |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential / Commercial, Chemical, Industrial, Autogas, Refinery |
| Key market players worldwide | Repsol SA, China Gas Holdings Ltd, UGI Corp, Wesfarmers Ltd, JGC Holdings Corp, Chevron Corp, Reliance Industries Ltd GDR - 144A, Exxon Mobil Corp, Phillips 66, TotalEnergies SE, Shell PLC, Petronas Chemicals Group Bhd, PetroChina Co Ltd Class H, Petrofac Ltd, China Petroleum & Chemical Corp Class H, BP PLC, Saudi Aramco, Bharat Petroleum Corp., Petredec, Qatargas, Vitol |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.7% of the global liquefied petroleum gas market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 25,915.3 million by 2030.
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Liquefied Petroleum Gas Market Scope
Liquefied Petroleum Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa liquefied petroleum gas market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to liquefied petroleum gas market will help companies and investors design strategic landscapes.
Residential / commercial was the largest segment with a revenue share of 27.67% in 2023. Horizon Databook has segmented the Middle East & Africa liquefied petroleum gas market based on residential / commercial, chemical, industrial, autogas, refinery covering the revenue growth of each sub-segment from 2018 to 2030.
Countries covered under Middle East & Africa region includes Saudi Arabia, UAE. The LPG market in Middle East & Africa region is projected to grow at 20.6% during the forecast period. Saudi Arabia, and U.A.E., have made huge investments for the installation of power stations in their countries with an aim to minimize cost in the long run, and to make use of the abundant energy exposure throughout the year.
Moreover, the Middle East is also investing in the LPG business with the key aim of becoming a self-sufficient region for power generation over the forecast period.
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Target buyers of Middle East & Africa liquefied petroleum gas market databook
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Our clientele includes a mix of liquefied petroleum gas market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa liquefied petroleum gas market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa liquefied petroleum gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA liquefied petroleum gas market size, by country, 2018-2030 (US$M)
Middle East & Africa Liquefied Petroleum Gas Market Outlook Share, 2023 & 2030 (US$M)
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