Increasing government initiatives and support for LPG adoption are expected to drive demand in the UAE LPG Market.
According to the TechSci Research report, “UAE LPG Market – By Region, Competition Forecast & Opportunities, 2028,” market growth is predicted during the forecast period due to the increasing adoption of clean energy sources globally and growing awareness of the benefits of LPG as a substitute for fossil fuels.
In 2020, LPG demand in the UAE was 1.5 million tonnes, projected to reach 2.7 million tonnes by 2030 with a high CAGR. LPG is predominantly used for cooking in the UAE.
Non-associated gas sources contribute the largest revenue share, with increasing output from unrelated gas wells driving market expansion. The UAE relies on refineries for gas production, with significant revenue from both related and unrelated sources expected to grow substantially.
The residential segment led the global market in 2022, driven by LPG’s affordability, energy efficiency, and environmental benefits. LPG is also replacing harmful refrigerants, expanding its applications in commercial and residential sectors, including heating and ventilation.
Regionally, Dubai is poised to dominate the market due to high consumption and a growing number of commercial buildings.
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Key market players in the UAE LPG Market include:
- Emirates Gas LLC (Emirates National Oil Company)
- Emirates General Petroleum Corporation (Emarat)
- ADNOC Distribution
- Brothers Gas
- Dubai Oil & Gas Company LLC
- United Gas Company LLC
- AD LPG
- Lootah BC
- Dubai Fuel Supply
- Smart Gas
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The surge in LPG demand across various sectors is driving market growth in the UAE. Strict government regulations against environmental pollution are also significant factors fostering expansion from 2021 to 2030. Challenges such as the increasing use of renewable energy sources and inconsistent domestic LPG supply hinder industry growth. However, government initiatives promoting LPG use and rising gas consumption in automobiles present lucrative opportunities for market players.
“In the foreseeable future, the UAE’s LPG market is expected to thrive. Growing adoption of clean energy sources worldwide and increasing awareness of the benefits of LPG as an alternative to fossil fuels are key factors driving market expansion. Government initiatives to transition rural residents from traditional cooking fuels to LPG, coupled with technological advancements, will further fuel market growth,” explained Mr. Karan Chechi, Research Director at TechSci Research.
The report, “UAE LPG Market By Application, Source, Cylinder Capacity, Region, Competition Forecast and Opportunities, 2028,” assesses the future growth potential of the market, providing insights on structure, size, share, and future growth. It aims to offer advanced market intelligence to aid decision-makers in making informed investment decisions, while also identifying emerging trends, drivers, challenges, and opportunities in the UAE LPG Market.
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