Saudi Arabia Liquefied Petroleum Gas Market Size & Outlook
Saudi Arabia liquefied petroleum gas market, 2018-2030 (US$M)
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Saudi Arabia liquefied petroleum gas market highlights
- The Saudi Arabia liquefied petroleum gas market generated a revenue of USD 1,142.2 million in 2023 and is expected to reach USD 1,409.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.1% from 2024 to 2030.
- In terms of segment, residential / commercial was the largest revenue generating application in 2023.
- Refinery is the most lucrative application segment registering the fastest growth during the forecast period.
Liquefied petroleum gas market data book summary
| Market revenue in 2023 | USD 1,142.2 million |
| Market revenue in 2030 | USD 1,409.9 million |
| Growth rate | 3.1% (CAGR from 2023 to 2030) |
| Largest segment | Residential / commercial |
| Fastest growing segment | Refinery |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 1.0% of the global liquefied petroleum gas market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia liquefied petroleum gas market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,409.9 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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Saudi Arabia 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 29.84% in 2023. Horizon Databook has segmented the Saudi Arabia liquefied petroleum gas market based on residential / commercial, chemical, industrial, autogas, refinery covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of LPG market in Saudi Arabia is driven by increasing focus of Saudi government to boost power generation from renewable sources such as LPG in coming years. Saudi Arabia is one of the largest producers of crude oil in the world and the country consumes a large amount of crude oil for electricity source in. Increasing population, urbanization and industrial development have resulted in rise in consumption of crude oil so as to meet the country’s growing energy demand.
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Target buyers of Saudi Arabia 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 country-level data and insights on the Saudi Arabia liquefied petroleum gas market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia liquefied petroleum gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia liquefied petroleum gas market size, by application, 2018-2030 (US$M)
Saudi Arabia Liquefied Petroleum Gas Market Outlook Share, 2023 & 2030 (US$M)
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