- The naphtha exports are augmented to register significant growth at an appreciable CAGR of 33.0% during 2013-2018.
- UAE is anticipated to utilize more naphtha to develop and sustain its chemicals and petrochemicals product portfolio.
Ken Research announced its latest publication on “UAE Naphtha Market Outlook to 2018- Driven by Developing Petrochemicals Sector” which provides a comprehensive analysis of naphtha market in UAE. The report covers various aspects such as market size by naphtha production, naphtha exports and market segmentation by production of naphtha from refineries & plants and consumption of naphtha in petrochemicals sector. The report additionally entails a detailed description on recent trends and developments in the market and the competitive scenario of major players in industry along with the market share of major companies in the UAE naphtha market. The report is useful for naphtha producing companies, marketing companies, petrochemicals and other concerned chemical companies followed by new players venturing in the market.
The potential factors affecting naphtha production and consumption in UAE are crude oil production, prices and demand for exports due to the diversifying product portfolio obtained from naphtha. UAE is one of the major naphtha exporting Middle East country, where the exports are made parallel to the production. Naphtha production in UAE observed an abrupt surge of 25.8% in the year 2010 due to large scale petrochemical projects development in the country in the same year. UAE exports its entire naphtha production to Asian countries, primarily to Japan. These exports have witnessed a noticeable growth at a CAGR of 11.6% during the period 2007-2013. ADNOC is the leading producer of naphtha followed by International Petroleum Investment Company (IPIC) in the competitive landscape of UAE naphtha market.
According to the research report, the naphtha production is anticipated to register a magnificent CAGR of 17.5% during the forecasted period 2013-2018 primarily due to the upcoming petrochemical projects and expanding refining capacities.
“ADNOC of UAE has regulated its energy market by switching to naphtha exports instead of condensate as the former commands comparatively higher price in international markets. It is analyzed that such decisions are supported by government of UAE. The refineries in UAE are being built up with a unique trend of integration with the petrochemical complexes. Abu Dhabi National Chemicals Company (ChemaWEyaat) in UAE supervises the 10 million tons/year (t/yr) of ethylene production followed with management of aromatics and petrochemical complex with the help of naphtha as feedstock. The chemicals production in UAE primarily comprises of petrochemicals production which is likely to surge at a double digit growth rate.” – According to the Research Analyst, Ken Research.
Key Topics Covered in the Report:
UAE Naphtha Market
– Middle East Market Size by naphtha production and naphtha consumption
– UAE naphtha market size by naphtha production and exports
– Market Segmentation by
o Production from refineries & plants
o Consumption in petrochemicals sector
– Trends and Development
– Competition of Leading Companies
– Future Outlook & Projections of UAE and Middle East
– Macro Economic Parameters
Key Findings from the Report
– The chemicals production is anticipated to intensify at a CAGR of 20.8% during the period 2013-2018 due to the demand of petrochemicals in the Asian countries.
– The refining distillation capacity in UAE is predicted to surge at a double digit growth at astonishing CAGR of 13.7% during the period 2013-2018.
Companies Covered in the Report
Abu Dhabi National Oil Company (ADNOC)
Abu Dhabi Refining Company (TAKREER)
Emirates National Oil Company (ENOC)
International Petroleum Investment Company (IPIC)
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Kuwait Naphtha Market Outlook to 2018 – Demand for Naphtha Exports to Lead Industry Transformation
Saudi Arabia Naphtha Market Outlook to 2018 – Expanding Refining Capacities to Stimulate the Market