Technavio Announces Top Nine Vendors in the Petrochemicals Market in MENA from 2015 to 2019
has announced the top nine leading vendors in their recent petrochemicals
market in MENA report. This research report also lists 67
other prominent vendors that are expected to impact the market during
the forecast period.
Competitive vendor landscape
Technavio analysts highlight the top nine players in the petrochemicals
market in MENA and their subsidiaries, accounting for more than 60% of
the overall market in terms of capacity. The market experienced high
levels of capacity additions and is currently facing the issue of
overcapacity and supply in various individual product segments.
Debasish Nayak, lead analyst from the oil
and gas research team at Technavio, says, “The decline in the
global price of crude oil and the difficulty in sourcing ethane for use
as the major feedstock, are few other challenges faced by the market
players. However, to counter these challenges, manufacturers are
gradually shifting toward heavier feedstocks, such as naphtha, propane,
and butane. Thus, following the increased preference for heavier
feedstock, the market is expected to make rapid progress towards the
upward trajectory over the next five years.”
The top nine vendors operating in the petrochemicals market in MENA
Advanced Petrochemicals is a Saudi joint stock company that was founded
in 2005 and is headquartered in Jubail, Saudi Arabia. The company mainly
manufactures and markets products such as propylene and PP. Its facility
in Jubail, Saudi Arabia, produces 455,000 tons of propylene and 450,000
tons of polypropylene annually.
Industries Qatar (IQ)
IQ was established in 1969 and is headquartered in Doha, Qatar. The
company is engaged in the fertilizer, petrochemical, and steel
businesses. The company is a subsidiary of Qatar Petroleum.
Petro Rabigh was established in 2005 and is headquartered in Rabigh,
Saudi Arabia. The company focuses on producing and commercializing
petrochemicals and refined products. It is a joint-venture between
Sumitomo Chemical and Saudi Aramco.
Sahara is a Saudi-based joint stock company that was established in 2004
and is headquartered at Riyadh, Saudi Arabia. The company engages in
investment in chemical and petrochemical projects. It is primarily
engaged in the manufacture and marketing of various materials such as
propylene, polypropylene, and polyethylene.
SABIC was established in 1976 and is headquartered in Riyadh, Saudi
Arabia. The company manufactures and markets a wide range of chemicals,
plastics, fertilizers, and metals in more than 40 countries worldwide.
About 70% of the company's shares are owned by the Saudi Arabian
government and 30% are owned by private investors of the Gulf
Cooperation Council. It has 40,000 employees worldwide. The company has
regional offices in EMEA, Asia, and the Americas. It has more than
10,000 patents worldwide.
SIDPEC was established in 1997 and is headquartered in Alexandria,
Egypt. The company manufactures and markets ethylene and polyethylene
products in Egypt and internationally. It compromises high and linear
low-density polyethylene that are used in film, injection molding, blow
molding, LPG, and roto molding grade applications, and polymer grade
Sipchem was founded in 1999, and is headquartered at Riyadh, Saudi
Arabia. The company is actively investing in intermediary and basic
petrochemical and chemical materials that can be used as feedstock for
manufacturing an array of products. It undertakes the manufacturing and
marketing of products such as methanol, butanediol, carbon monoxide, and
Saudi Kayan, a chemicals company, has its headquarters in Jubail
Industrial City, Saudi Arabia. It focuses on operating in the chemical
and petrochemical fields in Saudi Arabia. It produces a wide range of
products that include polyethylene, ethylene oxide, and ethylene. It is
affiliated to Saudi Basic Industries Corp. (SABIC).
Yansab is a Saudi Joint Stock Company that was incorporated in 2006 and
is headquartered at Yanbu, Saudi Arabia. The company mainly undertakes
the manufacturing and marketing of products such as ethylene, butene 1,
propylene, mono ethylene glycol, butene 2, and PP, which have
application in electronic devices and medical component packaging, cast
film, and thin-walled injection molding. For FY2014, the company
generated revenue of USD 2.54 billion.
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Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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