Press release
Natural Gas Liquid Market: Latest Trends,Analysis & Insights 2024
Nevertheless, the most prominent companies are aiming for competitiveness by reducing their overall operating costs and turnover time. The degree of competition is, therefore, forecasted by TMR to remain high through the forecast period from 2016 to 2024.
In North America however SM Energy has emerged as one of the leading NGL exploration and production companies. Besides this Swift Energy Company, Linn Energy, LLC, and Chesapeake Energy Corporation exhibits a strong presence in the U.S. British Petroleum plc has also registered a strong presence in the global market with its strong presence across 30 countries worldwide.
This 123 page report gives readers a comprehensive overview of the Natural Gas Liquid market. Browse Market Research Report @
http://www.transparencymarketresearch.com/natural-gas-liquids-market.html
Rising Applications in Petrochemical Industry Create Attractive Opportunities for NGL Sales
The increasing use of natural gas liquids for application in the petrochemical industry has been pivotal in fuelling NGL sales. Natural gas liquids such as propane, butane, ethane, and isobutene are primarily used as feedstock in the petrochemical industry. Despite the reducing cost of natural gas, the cost of NGL is forecasted to remain high during the forecast period.
On the contrary, the declining costs of crude oil pose major challenge in front of the market. This lower crude oil price is expected to reduce the cost of naphtha, which is a petroleum by-product. Due to its low cost, naphtha is seen to replace ethane in a few petrochemical applications, thus creating major hindrance for the NGL market. “However the price of crude oil is expected to normalize in the next few years, thus creating opportunities for growth of the NGL market,” said a lead analyst at TMR.
Furthermore, the prices of natural gas are expected to fall in the next few years. This trend is likely to continue through the forecast period. “Lower price of natural due to oversupply and weakening demand, will subsequently bolster prospects for NGL sale in the near future,” said a TMR analyst.
North America and the Middle East Exhibit Highest Opportunities for NGL Market
Regionally, North America and the Middle East exhibit the most lucrative prospects for the enterprises engaged in NGL production and exploration. While the Middle East accounted for the largest share in the global market in 2015, North America is likely to exhibit the highest CAGR during the forecast period.
The Middle East presently accounts for approximately 40% of the proven reserves of natural gas globally. The region is further gaining from the rapid industrialization witnessed in Qatar, Iran, Saudi Arabia, and the UAE. As per TMR, the Middle East NGL market will reach 5,468.9 kilo barrels/day by the end of 2024 from 2,909.2 kilo barrels/day in 2014. Likewise in North America, Canada and the U.S. are exhibiting the most attractive opportunities for the companies. The increasing production and processing capacities in Asia Pacific economies such as India, China, Australia, and Indonesia are also expected to boost prospects for NGL sales.
NGL Demand to Increase with Rising Applications across Diverse Economic Sectors
Based on type, normal butane, isobutene, pentanes plus, propane, and ethane constitute the key segments in the global NGL market. Of these, ethane dominated the market with a share of 45% in 2014. The market is also expected to gain from the rising application of propane as a green fuel in residential, industrial, commercial, transportation, and chemicals and refinery sectors. By application, the petrochemicals industry is likely to exhibit the highest demand for natural gas liquids. The segment accounted for a dominant share of 55% in the market in 2014, followed by the space heating segment.
Get accurate market forecast and analysis on the Natural Gas Liquid market. Request a sample to stay abreast on the key trends impacting this market@
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9767
Transparency Market Research projects the global natural gas liquids market to reach 14,806.59 kilo barrels/day by the end of 2024 from 7,982.63 kilo barrels/day in 2015. If this holds true, the market will report a strong 7.16% CAGR from 2016 to 2024.
This review is based on findings published by Transparency Market Research in an analysis, titled “Natural Gas Liquid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
The report segments the global natural gas liquid market as:
Global Natural Gas Liquids market: Type Analysis
Ethane
Propane
Normal Butane
Isobutane
Pentanes Plus
Global Natural Gas Liquids market: Regional Analysis
North America
U.S.
Canada
Mexico
Europe
Norway
Russia
U.K.
Netherlands
Asia Pacific
Indonesia
Australia
India
Rest of Asia Pacific
Middle East
Qatar
Iran
Saudi Arabia
A.E
Rest of Middle East
Africa
Algeria
Nigeria
Rest of Africa
Latin America
Argentina
Brazil
Venezuela
Rest of Latin America
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit Blog : http://depthresearchreport.blogspot.in/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Natural Gas Liquid Market: Latest Trends,Analysis & Insights 2024 here
News-ID: 612912 • Views: …
More Releases from Transparency Market Research
Low-Alcohol Beverages Market Outlook 2035: Global Industry Set to Expand from US …
The global low-alcohol beverages market is undergoing a structural transformation as consumers increasingly prioritize health, moderation, and mindful drinking without sacrificing taste or social experiences. Valued at US$ 2.1 billion in 2024, the market is projected to reach US$ 4.6 billion by 2035, expanding at a healthy CAGR of 7.5% from 2025 to 2035. This sustained growth reflects changing lifestyle preferences, generational shifts in alcohol consumption, and continuous innovation by…
Hydrolyzed Vegetable Protein Market to Reach US$ 5,110.8 Mn by 2035, Driven by R …
The global hydrolyzed vegetable protein (HVP) market was valued at US$ 2,343.6 Mn in 2024 and is projected to reach US$ 5,110.8 Mn by 2035, expanding at a CAGR of 7.3% from 2025 to 2035. Market growth is primarily driven by the rising global demand for plant-based proteins and the rapid expansion of the food processing and convenience foods sector.
Access key findings and insights from our Report in this sample…
Automotive ECU Market to Reach USD 158.9 Billion by 2036 as Vehicles Become More …
The Automotive Electronics Control Unit (ECU) Market has emerged as a pivotal component of the global automotive industry, driven by increasing electronics content in vehicles and the transition toward connected, autonomous, and electrified transportation. Automotive ECUs are critical electronic modules that control various subsystems within vehicles - from engine performance and safety to infotainment and powertrain optimization. As vehicles evolve from purely mechanical machines to sophisticated electronic platforms, demand for…
Automotive Thermal Management System Market Poised to Reach USD 173.8 Billion by …
The global automotive thermal management system market is entering a high-growth phase, fueled by the rapid electrification of vehicles, stricter emission norms, and rising expectations for vehicle safety, comfort, and efficiency. Valued at US$ 82.6 billion in 2025, the market is projected to nearly double and reach US$ 173.8 billion by 2036, expanding at a robust CAGR of 6.8% from 2026 to 2036.
Thermal management has become a mission-critical function in…
More Releases for NGL
Imidocarb Dipropionate Market Size, Share and Forecast By Key Players-Active Bio …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Imidocarb Dipropionate market is anticipated to grow at a compound annual growth rate (CAGR) of 8% between 2024 and 2031. The market is expected to grow to USD 5.85 Billion by 2024. The valuation is expected to reach USD 10.02 Billion by 2031.
The imidocarb dipropionate market is experiencing notable growth, primarily due to its effectiveness as an…
Natural Gas Market | Business Growth, Development Factors, Current and Future Tr …
Natural gas market is anticipated to grow at a CAGR of 7.5% during the forecast period (2023-2030). Natural gas accounts for about 30% of the energy used in the US Hot weather tends to increase the demand for air conditioning in homes and buildings, which in general increases the power industry's demand for natural gas. Natural gas can be used in different ways, including for the production of electricity, the…
Natural Gas Liquid (NGL) Market Future Growth and Demand Analysis by 2032
Natural Gas Liquid (NGL) Industry Overview:
The Natural Gas Liquid Market Research Report Information by Application, Product, and Region - Forecast Till 2032, the Natural Gas Liquid (NGL) market is likely to grow considerably throughout the valuation period from 2022 to 2032 at a notable CAGR of nearly 5.70%.
The research reports provide predictions regarding the global market's rising revenue data, which is anticipated to acquire a market worth of USD 32.6…
Natural Gas Liquids (NGL) Demand: Trends, Analysis, and Future Outlook
The global Natural Gas Liquid market is estimated to attain a valuation of 19,500 Thousand B/D by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 6% during the forecast period, 2019 - 2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major…
Best Statistical Supplemental Health GAP Market Growth Set to Surge Significantl …
Stratagem Market Insights published a report titled "Supplemental Health GAP Market" research report which covers comprehensive data on prevalent trends, drivers, growth opportunities, and restraints that can change the market dynamics of the global industry. This report provides an in-depth analysis of the market segmentation that includes products, applications, and geographical analysis. Global Supplemental Health GAP market report delivers a close watch on leading competitors with strategic analysis, micro and…
Imidocarb Dipropionate Market 2022 Regional Landscape, Production, Sales & Consu …
Los Angeles, United State: The report is a comprehensive and one of the most accurate research studies on the global Imidocarb Dipropionate market. It sheds light on market competition, segmentation, regional growth, and dynamics such as drivers, restraints, trends, and opportunities. It provides validated and revalidated market figures, which include market size, CAGR, market share, revenue, gross margin, production, and consumption. It offers absolute dollar opportunity analysis, manufacturing cost analysis,…
