Market Overview:
The global natural gas liquids (NGLs) market is estimated to be valued at US$ XX Mn in 2018 and is projected to register a CAGR of X.X% over the forecast period (2018-2030), reaching a value of US$XX Mn by 2030. The market is segmented on the basis of type, application and region. On the basis of type, ethane accounts for majority share in terms of revenue generated in the global NGLs market followed by propane, iso-butane, normal butane and pentanes. Ethane finds major applications in residential sector as well as petrochemical plants refineries across different regions. Propane has emerged as one of the most preferred fuel gases for vehicles globally due to its high calorific value and environmental benefits over gasoline or diesel fuels. Regionally, North America dominates the global NGLs market followed by Latin America, Europe Asia Pacific.
Product Definition:
Natural gas liquids are hydrocarbons that are extracted from natural gas. These liquids include ethane, propane, butanes, and pentanes. Natural gas liquids have a variety of uses, including as fuel for vehicles and heating homes. They can also be used to produce plastics and other petrochemical products.
Ethane:
Ethane is a chemical compound of the alkane group. It is a colorless and flammable gas with a strong odor similar to petroleum ether. The majority of ethane produced worldwide is used as an intermediate in the production of natural gas liquids (NGL). NGL’s are being widely used across various end-use industries such as power generation, transportation fuels, manufacturing processes, and domestic applications like heating fuel.
Propane:
Propane is a colorless and highly flammable gas with a slight sweet odor. It is usually produced as a by-product when the petroleum refining process yields gasoline or from coal gasification. Propane can be used as an fuel, for instance; in portable heaters, stoves, lamps and other home appliances that use liquefied gases such as - butane.
Application Insights:
Residential sector was the largest application segment and accounted for over 45% of global demand in 2017. Rapid urbanization coupled with rising disposable income is expected to drive the growth of residential sector, which in turn will fuel the product demand over the forecast period.
Industrial applications include chemical plants refineries, steel mills power plants along with other industrial facilities that use natural gas liquids as a feedstock for their operations. The rapid industrialization across emerging economies such as India China Brazil etc., is anticipated to propel industry expansion thereby driving product consumption over next eight years.
Petrochemical plants are major end users of these liquid hydrocarbons (LH)s and together they account for around 40% market share by volume on account of its wide application scope including polymers manufacturing & resins extraction among others.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and accounted for a share of more than 60% of the total revenue. The region is expected to continue its dominance over the forecast period as well due to increasing shale gas exploration activities in China, India, and Australia. In addition, growing industrialization coupled with rapid urbanization has resulted in increased demand for natural gas across Asia Pacific.
The growth of industries including chemicals & petrochemicals along with power generation sectors is anticipated to augment product consumption across Asia Pacific over the forecast period. However, strict government regulations regarding carbon emissions are likely to affect liquefied natural gas (LNG) trade patterns which may impact industry dynamics across some countries such as Indonesia and Malaysia negatively during 2018-2022 periods.
North America emerged as one of the major consumers owing to significant shale gas production particularly from countries such as Canada and United States that have majority shareholdings by indigenous population groups especially within U S .
Growth Factors:
- Increasing demand from the transportation sector as a result of stringent environmental regulations for gasoline and diesel vehicles.
- Growing demand for NGLs in petrochemical industries to manufacture various products such as plastics, solvents, and detergents.
- Proliferation of shale gas reserves in the U.S., which is resulting in increased production of NGLs and driving down their prices globally.
- Stringent regulations on emissions from coal-fired power plants that are encouraging the use of natural gas as an alternative fuel source, thereby boosting the market for NGLs downstream products such as ammonia and methanol used in fertilizer production and fuel cells respectively .
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Gas Liquids Market Research Report
By Type
Ethane, Propane, Isobutane, Normal butane, Pentane
By Application
Residential sector, Petrochemical plants refineries, Industries
By Companies
Royal Dutch Shell, Chesapeake Energy, ConocoPhillips, SM Energy, Exxon Mobil, BP Plc, Range Resources, Equinor, Swift Energy, Linn Energy, Royal Dutch Shell, RBN Energy, Eni SpA, Anadarko Petroleum, Canadian Natural Resources, Devon Energy, Encana, Chevron, Gas Liquid Engineering, Alkcon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Natural Gas Liquids Market Report Segments:
The global Natural Gas Liquids market is segmented on the basis of:
Types
Ethane, Propane, Isobutane, Normal butane, Pentane
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential sector, Petrochemical plants refineries, Industries
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Royal Dutch Shell
- Chesapeake Energy
- ConocoPhillips
- SM Energy
- Exxon Mobil
- BP Plc
- Range Resources
- Equinor
- Swift Energy
- Linn Energy
- Royal Dutch Shell
- RBN Energy
- Eni SpA
- Anadarko Petroleum
- Canadian Natural Resources
- Devon Energy
- Encana
- Chevron
- Gas Liquid Engineering
- Alkcon
Highlights of The Natural Gas Liquids Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ethane
- Propane
- Isobutane
- Normal butane
- Pentane
- By Application:
- Residential sector
- Petrochemical plants refineries
- Industries
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Natural Gas Liquids Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Natural gas liquids are a type of fuel that is derived from natural gas. They include propane, butane, and pentane.
Some of the major players in the natural gas liquids market are Royal Dutch Shell, Chesapeake Energy, ConocoPhillips, SM Energy, Exxon Mobil, BP Plc, Range Resources, Equinor, Swift Energy, Linn Energy, Royal Dutch Shell, RBN Energy, Eni SpA, Anadarko Petroleum, Canadian Natural Resources, Devon Energy, Encana, Chevron, Gas Liquid Engineering, Alkcon.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Natural Gas Liquids Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Natural Gas Liquids Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Natural Gas Liquids Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Natural Gas Liquids Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Natural Gas Liquids Market Size & Forecast, 2018-2028
4.5.1 Natural Gas Liquids Market Size and Y-o-Y Growth
4.5.2 Natural Gas Liquids Market Absolute $ Opportunity
Chapter 5 Global Natural Gas Liquids Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Natural Gas Liquids Market Size Forecast by Type
5.2.1 Ethane
5.2.2 Propane
5.2.3 Isobutane
5.2.4 Normal butane
5.2.5 Pentane
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Natural Gas Liquids Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Natural Gas Liquids Market Size Forecast by Applications
6.2.1 Residential sector
6.2.2 Petrochemical plants refineries
6.2.3 Industries
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Natural Gas Liquids Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Natural Gas Liquids Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Natural Gas Liquids Analysis and Forecast
9.1 Introduction
9.2 North America Natural Gas Liquids Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Natural Gas Liquids Market Size Forecast by Type
9.6.1 Ethane
9.6.2 Propane
9.6.3 Isobutane
9.6.4 Normal butane
9.6.5 Pentane
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Natural Gas Liquids Market Size Forecast by Applications
9.10.1 Residential sector
9.10.2 Petrochemical plants refineries
9.10.3 Industries
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Natural Gas Liquids Analysis and Forecast
10.1 Introduction
10.2 Europe Natural Gas Liquids Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Natural Gas Liquids Market Size Forecast by Type
10.6.1 Ethane
10.6.2 Propane
10.6.3 Isobutane
10.6.4 Normal butane
10.6.5 Pentane
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Natural Gas Liquids Market Size Forecast by Applications
10.10.1 Residential sector
10.10.2 Petrochemical plants refineries
10.10.3 Industries
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Natural Gas Liquids Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Natural Gas Liquids Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Natural Gas Liquids Market Size Forecast by Type
11.6.1 Ethane
11.6.2 Propane
11.6.3 Isobutane
11.6.4 Normal butane
11.6.5 Pentane
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Natural Gas Liquids Market Size Forecast by Applications
11.10.1 Residential sector
11.10.2 Petrochemical plants refineries
11.10.3 Industries
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Natural Gas Liquids Analysis and Forecast
12.1 Introduction
12.2 Latin America Natural Gas Liquids Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Natural Gas Liquids Market Size Forecast by Type
12.6.1 Ethane
12.6.2 Propane
12.6.3 Isobutane
12.6.4 Normal butane
12.6.5 Pentane
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Natural Gas Liquids Market Size Forecast by Applications
12.10.1 Residential sector
12.10.2 Petrochemical plants refineries
12.10.3 Industries
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Natural Gas Liquids Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Natural Gas Liquids Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Natural Gas Liquids Market Size Forecast by Type
13.6.1 Ethane
13.6.2 Propane
13.6.3 Isobutane
13.6.4 Normal butane
13.6.5 Pentane
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Natural Gas Liquids Market Size Forecast by Applications
13.10.1 Residential sector
13.10.2 Petrochemical plants refineries
13.10.3 Industries
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Natural Gas Liquids Market: Competitive Dashboard
14.2 Global Natural Gas Liquids Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Royal Dutch Shell
14.3.2 Chesapeake Energy
14.3.3 ConocoPhillips
14.3.4 SM Energy
14.3.5 Exxon Mobil
14.3.6 BP Plc
14.3.7 Range Resources
14.3.8 Equinor
14.3.9 Swift Energy
14.3.10 Linn Energy
14.3.11 Royal Dutch Shell
14.3.12 RBN Energy
14.3.13 Eni SpA
14.3.14 Anadarko Petroleum
14.3.15 Canadian Natural Resources
14.3.16 Devon Energy
14.3.17 Encana
14.3.18 Chevron
14.3.19 Gas Liquid Engineering
14.3.20 Alkcon
