Petrochemicals Market in MENA to grow at a CAGR of around 6%, in terms of volume, during the forecast period 2015 - 2019

ResearchMoz added Latest Research Report titled " Petrochemicals Market in MENA 2015-2019 " to it's Large Report database.

Overview of the petrochemicals market in MENA
Technavios research analyst predicts the petrochemicals market in MENA to grow at a CAGR of around 6%, in terms of volume, during the forecast period. The increased demand for petrochemical products from the automotive industry is the primary driver for the growth of this market. The automotive sector accounts for more than 15% consumption of the overall petrochemicals produced globally, with the MENA region accounting for 20% of the global production. For instance, the use of petrochemical products can increase the fuel efficiency of automobiles by nearly 30%.

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The growing awareness towards greener environment and the increased focus towards vegetation as a replacement for chemical feedstock is expected to deter the market growth during the forecast period. Bio-based chemicals are replacing the traditional petroleum-based production of chemicals due to the reducing crude oil reserves and fluctuating prices.

Product segmentation and analysis of - ethylene, methanol, propylene, aromatics
Ethylene dominated the petrochemicals market in MENA during 2014, with a market share of 38%. This segment is expected to continue its leadership until the end of 2019, growing at a rate of 7%. The increased use of ethylene for the production of ethylene glycol is driving the growth of this segment. Ethylene glycol is used extensively across the world for the production of polyethylene terephthalate and polyester fibers for use in packaging and fabric industries.

The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
Ethylene
Methanol
Propylene
Aromatics

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Table of Content

PART 01: Executive summary
Highlights
PART 02: Scope of the Report
Market overview
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: MENA Petrochemical Market
Market overview
Market size and forecast
Raw material analysis
Five forces analysis
PART 06: Market segmentation by application
Segmentation by application
Polymer production
Fertilizers
Commodity trade
Intermediates and other downstream products
PART 07: Market segmentation by product type
Segmentation by product type
Ethylene
Propylene
Methanol
Aromatics

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