Market Size of United Arab Emirates Oil and Gas Downstream Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 1.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UAE Oil and Gas Downstream Market Analysis
The UAE oil and gas downstream market is projected to register a CAGR of over 1% during the forecast period.
The market was negatively impacted by COVID-19. Presently, the market has reached pre-pandemic levels.
- Over the medium term, various government plans to invest in the downstream market and expand the refining capacity of existing refineries are expected to drive the market.
- On the other hand, the high volatility of crude oil prices is expected to restrain the market's growth significantly.
- Digitalization and modernization of the refining and petrochemical sector are expected to reduce refining costs and process losses, which may create an opportunity for the market during the forecast period.
UAE Oil and Gas Downstream Industry Segmentation
In the downstream sector, crude oil is refined, natural gas is processed and purified, and products derived from crude oil and natural gas are marketed and distributed.
The UAE oil and gas downstream market is segmented by type. By type, the market is segmented into refineries and petrochemical plants. For each segment, the market sizing and forecasts have been done based on refining capacity (million barrels per day).
United Arab Emirates Oil and Gas Downstream Market Size Summary
The UAE oil and gas downstream market is poised for growth, driven by government initiatives to expand refining capacities and investments in the sector. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. Despite the challenges posed by fluctuating crude oil prices, advancements in digitalization and modernization efforts within the refining and petrochemical sectors are expected to optimize costs and reduce process losses, presenting new opportunities for market expansion. The UAE's strategic investments, such as the significant CAPEX program by ADNOC and the development of new refineries, underscore the country's commitment to enhancing its downstream capabilities.
As one of the leading oil and gas producers in the Middle East and Africa, the UAE is experiencing substantial growth in its refining throughput capacity and export volume of refined petroleum products. The region's refining infrastructure is rapidly expanding, supported by increasing crude oil and natural gas production and rising demand from end-users. Key projects, such as the construction of a world-scale methanol production facility and the Borouge expansion project, highlight the ongoing investments and collaborations with international companies. These developments are expected to drive the UAE's downstream market forward, with major players like Emirates National Oil Co., Abu Dhabi National Oil Co., and others playing pivotal roles in shaping the industry's future.
United Arab Emirates Oil and Gas Downstream Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Refining Capacity and Forecast in million barrels per day, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION - BY PROCESS TYPE
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2.1 Refining
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2.2 Petrochemicals
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United Arab Emirates Oil and Gas Downstream Market Size FAQs
What is the current United Arab Emirates Oil and Gas Downstream Market size?
The United Arab Emirates Oil and Gas Downstream Market is projected to register a CAGR of greater than 1% during the forecast period (2024-2029)
Who are the key players in United Arab Emirates Oil and Gas Downstream Market?
Emirates National Oil Co, Abu Dhabi National Oil Co , Total SA, Royal Dutch Shell Plc and Exxon Mobil Corporation are the major companies operating in the United Arab Emirates Oil and Gas Downstream Market.
