Summary

Saudi Arabia Liquefied Petroleum Gas (LPG) Market Research Report Information by Source (Refinery, Associated Gas and Non-Associated Gas segments), by Application (Residential, Commercial, Agriculture, Industrial, Transportation, Hospitality, and Food & Beverage Sectors), by Sales Channel (Residential, Commercial, Agriculture, Industrial, Transportation, Hospitality, and Food & Beverage Sectors) Forecast to 2032

Overview of the market
The market for liquefied petroleum gas (LPG) in Saudi Arabia was estimated to be worth USD 631.86 million in 2023 and is projected to increase at a compound annual growth rate (CAGR) of 9.13% over the course of the forecast period, reaching USD 10,229.51 million in 2054. Saudi Arabia, one of the biggest producers of LPG worldwide, uses its enormous natural gas reserves and refining capabilities to satisfy both domestic and foreign supply demands. The government's effort for energy diversification through the Vision 2030 project and rising investments in energy infrastructure are driving the market's steady expansion. LPG's significance as a key energy source is guaranteed by the Kingdom's heavy reliance on it for household, commercial, and industrial applications.
In Saudi Arabia, the residential sector continues to be the biggest user of LPG, mostly for heating and cooking. Due to its use in petrochemicals, transportation, and manufacturing processes, the commercial and industrial sectors also make a substantial contribution to the demand. LPG is regarded as an eco-friendly substitute for traditional fuels, and its use is consistent with worldwide sustainability movements. The country's efforts to lessen its carbon impact have also sped up the use of LPG in several industries. Furthermore, LPG's affordability when compared to alternative energy sources keeps it popular in the home market.
Another important part of the sector is the export market for LPG from Saudi Arabia. The Kingdom exports large amounts of LPG to Asia, especially to China, South Korea, and Japan. To meet their energy needs, particularly for residential and industrial applications, these countries depend on Saudi Arabia's steady supply. The Kingdom can keep a competitive edge in the global LPG market thanks to its advantageous position and strong logistics infrastructure. Furthermore, despite changes in the price of energy globally, the market is stable thanks to Saudi Arabia's long-term agreements with significant importers.

Segmentation of the Market
The market for liquefied petroleum gas (LPG) is divided into three sectors based on the source: refineries, associated gas, and non-associated gas.
Cylinders and bulk supply are the two primary sales channels for the LPG business in Saudi Arabia. The primary sales channel for LPG is cylinder-based distribution, particularly in the small business and household markets.
In Saudi Arabia, LPG finds use in a wide variety of sectors, such as the food and beverage, transportation, commercial, residential, agricultural, and industrial sectors.

Major Players
Leading International Oil and Gas Companies having Sizeable Shares in the Saudi LPG Market: ExxonMobil Corporation, Shell PLC, TotalEnergies SE, BP PLC, Chevron Corporation, and Repsol S.A.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 20
1.1 MARKET ATTRACTIVENESS ANALYSIS 22
1.1.1 SAUDI ARABIA LIQUEFIED PETROLEUM GAS (LPG) MARKET, By Source 23
1.1.2 SAUDI ARABIA LIQUEFIED PETROLEUM GAS (LPG) MARKET, By Sales Channel Type 24
1.1.3 SAUDI ARABIA LIQUEFIED PETROLEUM GAS (LPG) MARKET, By Application 25
1.1.4 SAUDI ARABIA LIQUEFIED PETROLEUM GAS (LPG) MARKET, BY region 26
2 MARKET INTRODUCTION 28
2.1 DEFINITION 28
2.2 SCOPE OF THE STUDY 28
2.3 RESEARCH OBJECTIVE 28
2.4 MARKET STRUCTURE 29
2.5 KEY BUYING CRITERIA 30
3 RESEARCH METHODOLOGY 31
3.1 OVERVIEW 31
3.2 DATA FLOW 33
3.2.1 Data Mining Process 34
3.3 PURCHASED DATABASE: 35
3.4 SECONDARY SOURCES: 36
3.4.1 Secondary Research data flow: 37
3.5 PRIMARY RESEARCH: 38
3.5.1 Primary Research DATA FLOW: 39
3.5.2 Primary Research: Number of Interviews conducted 40
3.5.3 Primary Research: Regional Coverage 40
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 41
3.6.1 Consumption & Net Trade Approach 41
3.6.2 Revenue Analysis Approach 41
3.7 DATA FORECASTING 42
3.7.1 Data forecasting Technique 42
3.8 DATA MODELING 43
3.8.1 microeconomic factor analysis: 43
3.8.2 Data modeling: 44
3.9 TEAMS AND ANALYST CONTRIBUTION 46
4 MARKET DYNAMICS 48
4.1 INTRODUCTION 48
4.2 DRIVERS 49
4.2.1 Growing demand in residential heating and cooking 49
4.2.2 Government subsidies reducing the cost of LPG 50
4.3 RESTRAINTS 51
4.3.1 Fluctuating global oil and gas prices impact LPG costs 51
4.3.2 Increasing competition from alternative energy sources 52
4.4 OPPORTUNITY 53
4.4.1 Technological advancements in LPG storage and transport 53
4.4.2 Growth in the automotive sector for LPG-powered vehicles 54
4.5 IMPACT ANALYSIS OF COVID-19 55
4.5.1 Impact on Supply Chain of Liquefied Petroleum Gas (LPG) 55
4.5.2 Impact on Market Demand of Liquefied Petroleum Gas (LPG) 55
4.6 IMPACT ANALYSIS OF RUSSIA UKRAINE WAR 56
5 MARKET FACTOR ANALYSIS 58
5.1 VALUE CHAIN ANALYSIS 58
5.1.1 Participants 59
5.1.1.1 Raw Materials Analysis 59
5.1.1.1.1.1 Raw Material Selection & Procurement 59
5.1.1.1.1.2 Quality and Purity Standards 59
5.1.1.1.1.3 List of Raw Material Suppliers (Company Name, Headquarter, Contact Details, Raw Material) 60
5.1.1.2 Manufacturers 60
5.1.1.2.1.1 Processing & Production 60
5.1.1.2.1.2 Formulation & Product Development 61
5.1.1.3 Distributors/ Suppliers 61
5.1.1.3.1.1 Logistics 61
5.1.1.3.1.2 Sales and Marketing Strategies 61
5.1.1.4 End-Users 62
5.1.1.4.1.1 Customer Needs, Preferences, Pain Points & End-Use Industries 62
5.1.1.4.1.2 List of Potential Customers (Company Name, Headquarter, Contact Details, Application) 62
5.2 SUPPLY CHAIN ANALYSIS 63
5.2.1 Participants (At different Nodes) 64
5.2.1.1 Sourcing and Procurement 64
5.2.1.2 Logistics and Distribution 64
5.2.1.3 Operational Flexibility and Scalability 64
5.2.1.4 Quality Assurance and Compliance 64
5.2.2 integration levels 65
5.2.3 Key Issues Addressed (Key Success Factors) 65
5.3 PORTER’S FIVE FORCES MODEL 66
5.3.1 Porter’s Five Forces Model for Overall Market 67
5.3.1.1 Threat of New Entrants 67
5.3.1.2 Bargaining Power of Suppliers 67
5.3.1.3 Threat of Substitutes 67
5.3.1.4 Bargaining Power of Buyers 68
5.3.1.5 Intensity of Rivalry 68
5.3.2 Porter’s Five Forces Model by Key Provinces 68
5.3.2.1 Eastern Province (Ash Sharqiyah) 68
5.3.2.1.1 Bargaining Power of Suppliers 68
5.3.2.1.2 Bargaining Power of Buyers 69
5.3.2.1.3 Threat of New Entrants 69
5.3.2.1.4 Threat of Substitutes 69
5.3.2.1.5 Intensity of Rivalry 69
5.3.2.2 Riyadh Province 70
5.3.2.2.1 Bargaining Power of Suppliers 70
5.3.2.2.2 Bargaining Power of Buyers 70
5.3.2.2.3 Threat of New Entrants 70
5.3.2.2.4 Threat of Substitutes 70
5.3.2.2.5 Intensity of Rivalry 70
5.3.2.3 Makkah Province 71
5.3.2.3.1 Bargaining Power of Suppliers 71
5.3.2.3.2 Bargaining Power of Buyers 71
5.3.2.3.3 Threat of New Entrants 71
5.3.2.3.4 Threat of Substitutes 71
5.3.2.3.5 Intensity of Rivalry 71
5.3.2.4 Madinah Province 72
5.3.2.4.1 Bargaining Power of Suppliers 72
5.3.2.4.2 Bargaining Power of Buyers 72
5.3.2.4.3 Threat of New Entrants 72
5.3.2.4.4 Threat of Substitutes 72
5.3.2.4.5 Intensity of Rivalry 72
5.3.2.5 Asir Province 73
5.3.2.5.1 Bargaining Power of Suppliers 73
5.3.2.5.2 Bargaining Power of Buyers 73
5.3.2.5.3 Threat of New Entrants 73
5.3.2.5.4 Threat of Substitutes 73
5.3.2.5.5 Intensity of Rivalry 74
5.4 PRICING ANALYSIS, 2023 - 2033 (USD PER TON) 74
5.5 TECHNOLOGICAL ADVANCEMENTS AND INNOVATIONS 74
5.5.1 Technology Roadmap 74
5.5.2 Compatibility with Applications 75
5.6 ADJACENT MARKET ANALYSIS 76
5.6.1 Propene Market 76
5.7 REGULATORY FRAMEWORK* 77
5.7.1 Government Policies 77
5.7.2 Certifications & Standards 78
5.7.3 Environmental Consideration 78
5.8 INNOVATIONS AND ADVANCEMENTS IN LPG STORAGE SOLUTIONS 79
5.9 OVERVIEW ON GREEN LPG INITIATIVES IN THE MARKET 80
5.10 BROAD LEVEL GAP ANALYSIS TO UNDERSTAND UNTAPPED AREAS 81
5.10.1 Based on Sales Channel 81
5.10.2 Based on Application 81
5.11 R&D UPDATE* 83
5.11.1 Current Scenario 83
5.11.2 Future Roadmap 83
5.11.3 Challenges 84
5.11.4 Novel Applications 84
5.11.5 Key Developments 84
5.12 PESTLE ANALYSIS 85
5.12.1 Political Factors 85
5.12.2 Economic Factors 85
5.12.3 Social Factors 85
5.12.4 Technological Factors 85
5.12.5 Environmental Factors 86
5.12.6 Legal Factors 86
6 SAUDI ARABIA LIQUEFIED PETROLEUM GAS (LPG) MARKET, BY SOURCE 88
6.1 INTRODUCTION 88
6.2 REFINERY 90
6.3 ASSOCIATED GAS 90
6.4 NON-ASSOCIATED GAS 90
7 SAUDI ARABIA LIQUEFIED PETROLEUM GAS (LPG) MARKET, BY SALES CHANNEL 92
7.1 INTRODUCTION 92
7.2 CYLINDER 94
7.3 BULK 94
8 SAUDI ARABIA LIQUEFIED PETROLEUM GAS (LPG) MARKET, BY APPLICATION 96
8.1 INTRODUCTION 96
8.2 RESIDENTIAL 98
8.3 COMMERCIAL 98
8.4 AGRICULTURE 99
8.5 INDUSTRIAL 99
8.6 TRANSPORTATION 99
8.7 HOSPITALITY 100
8.8 FOOD & BEVERAGE 100
8.9 OTHERS 100
9 SAUDI ARABIA LIQUEFIED PETROLEUM GAS (LPG) MARKET, BY REGION 101
9.1 OVERVIEW 101
9.2 EASTERN PROVINCE (ASH SHARQIYAH) 104
9.3 RIYADH PROVINCE 108
9.4 MAKKAH PROVINCE 111
9.5 MADINAH PROVINCE 115
9.6 ASIR PROVINCE 118
9.7 AL-QASSIM PROVINCE 121
9.8 JAZAN 124
9.9 HAIL 127
9.10 OTHER PROVINCES 130
10 COMPETITIVE LANDSCAPE 134
10.1 COMPETITIVE OVERVIEW 134
10.2 MAJOR PLAYERS IN THE GLOBAL LIQUEFIED PETROLEUM GAS (LPG) MARKET 135
10.3 MAJOR PLAYERS IN TERMS OF MARKET DISRUPTORS & INNOVATORS 136
10.4 COMPETITIVE BENCHMARKING 136
10.5 STRATEGIES OF MARKET LEADERS IN THE SAUDI ARABIA LIQUEFIED PETROLEUM GAS (LPG) MARKET 137
11 COMPANY PROFILES 138
11.1 SAUDI ARABIAN OIL COMPANY (SAUDI ARAMCO) 138
11.1.1 Company Overview 138
11.1.2 Financial Overview 138
11.1.3 KEY DEVELOPMENTS 139
11.1.4 Products/Services Offered 139
11.1.5 SWOT Analysis 140
11.1.6 Key Strategies 140
11.2 NATIONAL GAS AND INDUSTRIALIZATION COMPANY (GASCO) 141
11.2.1 COMPANY OVERVIEW 141
11.2.2 FINANCIAL OVERVIEW 141
11.2.3 PRODUCTS OFFERED 141
11.2.4 KEY DEVELOPMENTS 141
11.2.5 SWOT ANALYSIS 142
11.2.6 KEY STRATEGIES 142
11.3 SAUDI GAS CYLINDER FACTORY (ENAGAS) 143
11.3.1 COMPANY OVERVIEW 143
11.3.2 FINANCIAL OVERVIEW 143
11.3.3 PRODUCTS OFFERED 143
11.3.4 KEY DEVELOPMENTS 144
11.3.5 SWOT ANALYSIS 144
11.3.6 KEY STRATEGIES 144
11.4 TOTALENERGIES SE 145
11.4.1 COMPANY OVERVIEW 145
11.4.2 Financial Overview 146
11.4.3 PRODUCTS OFFERED 146
11.4.4 KEY DEVELOPMENTS 146
11.4.5 SWOT ANALYSIS 147
11.4.6 KEY STRATEGIES 147
11.5 BP PLC 148
11.5.1 COMPANY OVERVIEW 148
11.5.2 Financial Overview 148
11.5.3 PRODUCTS OFFERED 149
11.5.4 KEY DEVELOPMENTS 149
11.5.5 SWOT ANALYSIS 150
11.5.6 KEY STRATEGIES 150
11.6 SHELL PLC 151
11.6.1 COMPANY OVERVIEW 151
11.6.2 Financial Overview 151
11.6.3 PRODUCTS OFFERED 152
11.6.4 KEY DEVELOPMENTS 152
11.6.5 SWOT ANALYSIS 153
11.6.6 KEY STRATEGIES 153
11.7 CHEVRON CORPORATION 154
11.7.1 Company Overview 154
11.7.2 Financial Overview 154
11.7.3 Products/Services Offered 154
11.7.4 KEY DEVELOPMENTS 155
11.7.5 SWOT Analysis 155
11.7.6 Key Strategies 155
11.8 EXXONMOBIL CORPORATION 156
11.8.1 COMPANY OVERVIEW 156
11.8.2 Financial Overview 157
11.8.3 PRODUCTS OFFERED 157
11.8.4 KEY DEVELOPMENTS 158
11.8.5 SWOT ANALYSIS 158
11.8.6 KEY STRATEGIES 159
11.9 REPSOL S.A. 160
11.9.1 COMPANY OVERVIEW 160
11.9.2 Financial Overview 160
11.9.3 PRODUCTS OFFERED 161
11.9.4 KEY DEVELOPMENTS 161
11.9.5 SWOT ANALYSIS 162
11.9.6 KEY STRATEGIES 162
11.10 NGC ENERGY LLC 163
11.10.1 COMPANY OVERVIEW 163
11.10.2 FINANCIAL OVERVIEW 163
11.10.3 PRODUCTS OFFERED 163
11.10.4 KEY DEVELOPMENTS 163
11.10.5 SWOT ANALYSIS 164
11.10.6 KEY STRATEGIES 164
12 APPENDIX 165
12.1 REFERENCES 165