Natural Gas Liquids Market Key Companies and Analysis, Top Trends by 2032

Global natural gas liquid market is estimated to reach 19529 Thousand B/D by 2027 and is anticipated to expand at a CAGR of ~6% during the forecast period.

A recent market research report added to repository of Analytics Market Research is an in-depth analysis of Global Natural Gas Liquids Market. On the basis of historic growth analysis and current scenario of Natural Gas Liquids market place, the report intends to offer actionable insights on Global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of Global Natural Gas Liquids market. This further helps user with their developmental strategy.

This report examines all the key factors influencing growth of Global Natural Gas Liquids market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of Global Natural Gas Liquids market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

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The expected era will see a significant increase in the demand for natural gas liquids (NGLs) from petrochemical plants, refineries, and industrial and residential consumers. A rise in the use of commodities for cooking, heating, and burning, as well as the increasing use of related gas, might all have a positive impact on the global market for natural gas liquids (NGLs) in the upcoming year. In addition, the rising demand for automotive parts from OEM and aftermarket suppliers, such as tyres, floors, mattings, and belts, may aid the growth of the worldwide natural gas liquids (NGLs) market in the near future.

Global Natural Gas Liquids (NGLs) Market Definition

The components of natural gas are mixed hydrocarbon gases in various ratios (gas). The majority (70-90%) of natural gas is methane. Ethane, propane, butane, and pentane are among the other NGLs that make up 10-30% of the total. NGLs condense and turn into liquids under atmospheric pressure, whereas they are gases at subterranean pressure. Geographical location, geological age of the deposit, gas depth, and a number of other factors affect the composition of natural gas. Dry gas is natural gas that has little to no liquids left after extraction, in contrast to wet gas, which contains a lot of NGLs and condensates.

Although natural gas is extracted during production, it still needs to be processed in order to produce dry natural gas of pipeline quality by separating the pure natural gas (methane) from other hydrocarbons and fluids. Once the natural gas leaves the wellhead, any water and oil are removed either at the wellhead or a nearby processing facility. After the gas is sent to a nearby natural gas processing facility, other non-NGL liquids like sulphur, helium, and carbon dioxide are eliminated, and then the NGLs are recovered. It takes several steps to separate the NGLs from the natural gas stream.

Global Natural Gas Liquids (NGLs) Market Overview

The increased utilisation of unconventional gas resources is expected to lead to considerable growth in the worldwide Natural Gas Liquids (NGLs) Market throughout the anticipated time frame. Natural gas is a hydrocarbon gas that is created over thousands of years by burying dead plants and animals. High temperatures and pressures brought on by the burial of dead plants and animals cause the production of natural gas. Specific or complex production techniques may occasionally be utilised to obtain natural gas. The gas gathered using this technique is known as unconventional gas. Unconventional gases include coal bed methane, tight gas, gas hydrates, and shale gas.

The global Natural Gas Liquids (NGLs) Market, nevertheless, may be constrained during the expected period due to a lack of infrastructure to handle NGLs and fierce competition from other energy-producing products like methane gas, biogas, and others. The Natural Gas Liquids (NGLs) Market is further constrained by erratic crude oil prices. Furthermore, numerous new enterprises have entered the natural gas liquids market as a result of recent discoveries and improvements. The expansion potential for the natural gas liquids (NGLs) market will also be increased in the upcoming year thanks to improved NGL infrastructure.

Market Segmentation
Global Natural Gas Liquids Market: Segmentations

Global Natural Gas Liquids Market: By Key Players
Royal Dutch Shell
Chesapeake Energy
ConocoPhillips
SM Energy
Exxon Mobil
BP Plc
Range Resources
Equinor
Swift Energy
Linn Energy
ESAI Energy
RBN Energy
Eni SpA
Anadarko Petroleum
Canadian Natural Resources
Devon Energy
Encana
Chevron
Gas Liquid Engineering
Alkcon

Global Natural Gas Liquids Market: By Types
Ethane
Propane
Isobutane
Normal butane
Pentane
Pentane plus

Global Natural Gas Liquids Market: By Applications
Residential sector
Petrochemical plants refineries
Industries

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Global Natural Gas Liquids Market: Regional Analysis
The countries covered in the regional analysis of the Global Natural Gas Liquids market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

• Provision of market value (USD Billion) data for each segment and sub-segment

• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis

• Provides insight into the market through Value Chain

• Market dynamics scenario, along with growth opportunities of the market in the years to come

• 6-month post-sales analyst support

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