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Saudi Arabia Naphtha Market Growth Rate And Industry Price Till, 2019-2023: Radiant Insights, Inc

The report titled “Saudi Arabia Naphtha Market Outlook to 2018 - Expanding Refining Capacities to Stimulate the Market” presents a comprehensive analysis of the industry covering aspects including market size by naphtha production and naphtha consumption and market segmentation by production of naphtha from refineries & plants, consumption of naphtha by different sectors, by exports, imports and inland availability of naphtha. The report also entails a detailed description on the recent trends and developments in the market and the competitive scenario of major players in the industry along with the production share of major companies in Saudi Arabia naphtha market. Additionally, report helps to analyze the Saudi Arabia naphtha production, consumption and future with the overall Middle East naphtha market performance.

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The supply and demand chain of naphtha in Saudi Arabia affects the countries across the globe as the country is the leading exporter of naphtha in the Middle East region. The potential factors affecting naphtha production and consumption in Saudi Arabia are oil production, prices and demand in refineries, petrochemicals and chemical industry followed by diversifying product portfolio obtained from naphtha. Middle East Naphtha Market has witnessed an appreciable growth at a CAGR of 7.7% during the period 2007-2013. Saudi Arabia produces naphtha through crude oil refining or through gas processing, cryogenic techniques in plants. The increasing oil production has simultaneously mounted total naphtha production from 14,610.0 thousand tons in 2007 to ~ thousand tons in the year 2013. The naphtha production dynamics has witnessed an escalating growth at a CAGR of ~% during the period 2007-2013.

Saudi Arabia is the second largest naphtha consumer after Iran in the Middle East region. Saudi Arabia is the largest exporter of naphtha in the Middle East region. The country has exported ~ thousand tons of naphtha in 2007, which swelled to ~ thousand tons of naphtha in the year 2013. The naphtha production in Saudi Arabia is contributed by 8 refineries. Enhancement in the refineries capacities has eventually contributed to increased naphtha production at a stupendous CAGR of ~% during the period 2007-2013. The country’s naphtha consumption has witnessed a CAGR of ~% during the period 2007-2013. The naphtha utilization for ethylene production has accounted for 736 thousand tons in 2007 which has eventually soared to ~ thousand tons in 2011.

Browse Full Report With TOC @ https://www.radiantinsights.com/research/saudi-arabia-naphtha-market-research-report

The Saudi Arabian Oil Company (Saudi Aramco) is the leading producer of naphtha, thereby commanding a production share of ~% through naphtha production from its refineries. Rabigh Refining & Petrochemical Company (Petro Rabigh) is the second largest naphtha producing company through its refinery operation and accounted for ~% of production share in Saudi Arabia naphtha market.

Saudi Arabia is likely to leverage its naphtha production through enhancing refining capacities and upcoming petrochemical projects. Naphtha production in the country will swell from ~ thousand tons in the year 2014 to massive ~ thousand tons by 2018. The naphtha consumption is forecasted to maintain a constant contribution of 13.2% with respect to the total production during the forecasted period 2014-2018.

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