Executive
Summary
The report
titled “Kuwait Naphtha Market Outlook to 2018 - Demand for Naphtha Exports to Lead Industry Transformation” presents a
comprehensive analysis of the industry covering aspects including market size
by naphtha production, naphtha exports and market segmentation by production of
naphtha from refineries & plants and by consumption of naphtha in
petrochemicals sector. The report also entails a discussion on the recent
trends and developments in the market and the competitive scenario of major
players in Kuwait naphtha market.
The supply
and demand chain of naphtha in Kuwait affects the countries across the globe as
the country exports its entire naphtha production. The potential factors
affecting naphtha production and exports in Kuwait are oil production, prices
and demand in refineries, petrochemicals and chemical industry followed by diversifying
product portfolio obtained from naphtha.
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Middle
East Naphtha Market has witnessed an appreciable growth at a CAGR of 7.7%
during the period 2007-2013. Kuwait is the second largest country operating in
Middle East naphtha market. Naphtha production has witnessed a substantial
growth at a CAGR of ~% during the period 2007-2013. The country principally
exports to continents such as Asia.
Kuwait
produces naphtha either through its refinery operations or through various
processing techniques employed at its chemical plants. Kuwait has produced more
than 80% of its total naphtha from refinery operations at a noticeable CAGR of
2.8% during the period 2007-2013. The production from these plants has fairly
increased from ~% in the year 2007 to ~% of the total naphtha production in the
year 2013.
The naphtha
which is consumed for petrochemical’s production is not utilized for indigenous
use rather exported to other countries. The country drives its oil & gas
related activities through Kuwait Petroleum Corporation (KPC), Kuwait National
Petroleum Company (KNPC) and its subsidiaries.
The
naphtha exports are the basis for the rising naphtha production in Kuwait. It
is forecasted that the naphtha production will surge from ~ thousand tons in
the year 2014 to gigantic ~ thousand tons by the year 2018 due to the upcoming
petrochemical projects. The exports are anticipated to be analogous to the
production and thereby augmented to register significant growth at an
appreciable CAGR of ~% during the forecasted period 2013-2018.
Key Topics
Covered in the Report:
- The market size of Middle East
naphtha market in terms of naphtha production and naphtha consumption
- Kuwait naphtha market size by
naphtha production and exports
- Kuwait naphtha market segmentation
by naphtha production from refineries & plants and consumption in
petrochemicals sector
- Industry Trends and developments
in Kuwait naphtha market
- Competitive landscape of major
domestic players in Kuwait naphtha market
- Future outlook & projections
of Kuwait and Middle East naphtha market
- Macro economic factors in Kuwait
naphtha market
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