UAE LPG Market Expected to Grow at a Robust CAGR through 2028
Increasing government initiatives and
support for LPG adoption to aid market dynamics are expected to drive the demand for
UAE LPG Market.
According to TechSci
Research report, “UAE LPG Market- By Region, Competition Forecast
& Opportunities, 2028,” the
UAE LPG
Market is predicted to grow during the forecast period as increasing adoption of
clean and green energy sources in both developed and developing nations, as
well as rising knowledge of the advantages of using liquefied petroleum gas
(LPG) as a substitute for fossil fuels, are some of the reasons that are
anticipated to support market expansion.
The demand for LPG in the UAE was
1.5 million tonnes in 2020, and it is anticipated to increase to 2.7 million tonnes
by 2030, with a high CAGR. In the UAE, LPG is mostly used for cooking.
Based on the Source, non-associated gas accounted
for the largest revenue share since LPG output from unrelated gas wells has
increased. The market is anticipated to expand because of rising LPG demand
from various industrial applications. The UAE
depends on refineries for its gas generation. One of the most important
suppliers of gases are refineries. Liquefied petroleum gas from related gas
demand in the UAE reached 18.92 million tonnes in 2019. The majority of revenue
came from unrelated sources, and it is anticipated that they would grow significantly
throughout the foreseeable period.
Based on Application , the residential
segment led the global market in terms of share in 2022. Additionally, LPG
offers advantages including affordability, energy effectiveness, and
environmental friendliness, which will further fuel market expansion in the
years to come. Liquefied petroleum gas is also replacing chlorofluorocarbon and
hydrofluorocarbon as a refrigerant because of its negligible effect on ozone
layer depletion. As a result, there is now additional scope for uses in the
commercial and residential sectors, including heating and ventilation in
addition to cooking.
In terms of regional analysis, the UAE LPG
Market is segmented into Dubai, Abu Dhabi, Sharjah, Rest of UAE. Dubai will
dominate the market as the consumption is more and more commercial buildings
are there.
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spread through xx Pages and an in-depth TOC on "UAE LPG Market”
Key market players in the UAE LPG Market
include:
- Emirates Gas LLC (Emirates National Oil Company)
- Emirates General Petroleum Corporation (Emarat)
- ADNOC Distribution
- Brothers Gas
- Dubai Oil & Gas Company LLC
- United Gas Company LLC
- AD LPG
- Lootah BC
- Dubai Fuel Supply
- Smart Gas
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The increase in demand for LPG from
diverse operations is what is fueling the expansion of the market for liquefied
petroleum gas in UAE. In addition, one of the major drivers of market expansion
from 2021 to 2030 is the implementation of strict government rules against
environmental pollution. The primary challenges impeding the expansion of the
LPG industry, however, are the sector's rapid increase in renewable energy
sources and the erratic domestic LPG supply. On the other hand, it is projected
that government initiatives encouraging the use of LPG over traditional fuels
and the rise in gas consumption in automobiles would offer lucrative growth
prospects for the top players to maintain their position in the market in the
coming years.
“During the anticipated time, the LPG
market in the UAE is anticipated to grow. Growing adoption of clean and green
energy sources in both developed and developing countries, as well as rising
knowledge of the advantages of using liquefied petroleum gas (LPG) as an
alternative to fossil fuels, are a few of the factors that are anticipated to
encourage market expansion. Along with the increasing number of government
initiatives aimed at educating rural residents to switch from conventional
cooking fuels like kerosene, wood, and coal to LPG, technological factors are
also anticipated to play a significant role in the market's growth. A number of
other factors will also propel the market,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“UAE LPG Market By Application
(Residential, Industrial, Commercial, Agriculture, Transportation), By Source
(Refinery, Associated Gas, Non-Associated Gas), By Cylinder Capacity (5kg,
11-12.6kg, 13-14.2kg, 15-16.5kg, 19-29.5kg, More Than 29.5Kg), By Region,
Competition Forecast and Opportunities, 2028,” has evaluated the future growth potential of UAE LPG Market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision-makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the UAE LPG Market.
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