Middle East & Africa Naphtha Consumption to Cross 100 Million Metric Ton by 2026
Increasing gasoline
consumption across the region coupled with rising demand for naphtha based
petrochemicals in countries to fuel Middle East & Africa naphtha
consumption through 2026
According to TechSci Research report “Middle East & Africa Naphtha Demand Supply Analysis, By
End Use, Forecast & Opportunities, 2011 – 2026”, Middle East
& Africa naphtha consumption is projected to cross 100.60 million metric
tons by 2026. Middle East & Africa is the largest naphtha exporting region
in the world and is expected to retain its dominance during the forecast period
as well. Demand for majority of naphtha exports from Middle East & Africa
emanates from Asia-Pacific due to growing demand from naphtha based
petrochemical industry. Middle
East & Africa is a key exporter of light and heavy naphtha and total
naphtha exports stood at over 49 MMT in 2015. Middle East & Africa exports
naphtha mainly to ethylene cracker operators and aromatics manufacturers in
China, Japan, South Korea, Singapore, Thailand, Pakistan, Taiwan and European
Union. Saudi Aramco, ADNOC, Qatar Petroleum, Sonatach, The Iranian Persian Gulf
Star Oil Company and KNPC are major exporters of naphtha in the region. These
companies supply naphtha through annual contracts with clause for half yearly
price negotiations.
Browse
29 market data Tables and 54 Figures spread through 79 Pages and an in-depth TOC on "Middle
East & Africa Naphtha Demand Supply Analysis"
https://www.techsciresearch.com/report/middle-east-africa-naphtha-demand-supply-analysis-by-end-use-gasoline-blending-reforming-steam-cracking-and-others-forecast-opportunities/986.html
“Middle East &
Africa capitalizes on its low-cost feedstock to increase margins and export
chemicals at competitive prices across the globe. Recent shale gas boom in the
United States is offering competition to the Middle East & Africa in global
petrochemical business”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
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“Middle East & Africa Naphtha Demand Supply
Analysis, By End Use, Forecast & Opportunities, 2011 – 2026” has evaluated the Middle East &
Africa naphtha market and provides the statistics and information on market
structure, industry behavior and trends. The report includes market projections
and demand forecasting. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes emerging trends for Middle
East & Africa naphtha market.
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