Global Natural Gas Liquids (NGLs) Market 2024-2028
The natural gas liquids (NGLs) market is forecasted to grow by USD 19.62 bn during 2023-2028, accelerating at a CAGR of 6.47% during the forecast period. The report on the natural gas liquids (NGLs) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing renewable energy demand, increasing demand for petrochemical feedstock, and rising transition to clean energy.
Technavio's natural gas liquids (NGLs) market is segmented as below:
By Application
- Industrial
- Residential
- Commercial
By Product
- Propane
- Butane
- Pentane
- Ethane
By Geographical Landscape
- North America
- Middle East and Africa
- Europe
- APAC
- South America
This study identifies the growth in petrochemical industry as one of the prime reasons driving the natural gas liquids (NGLs) market growth during the next few years. Also, rise in shale gas and oil production and technological advancements in ngls extraction technologies will lead to sizable demand in the market.
The report on the natural gas liquids (NGLs) market covers the following areas:
- Natural gas liquids (NGLs) market sizing
- Natural gas liquids (NGLs) market forecast
- Natural gas liquids (NGLs) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading natural gas liquids (NGLs) market vendors that include BP Plc, Canadian Natural Resources Ltd., Chesapeake Energy Corp, Chevron Corp., Citizen Energy, ConocoPhillips Co., Equinor ASA, Exxon Mobil Corp., Nigeria LNG Ltd., Ovintiv Inc., Petroleos de Venezuela SA, PJSC LUKOIL, PT Pertamina Persero, Repsol SA, Saudi Arabian Oil Co., Shell plc, SilverBow Resources Inc., SM ENERGY, TotalEnergies SE, and Valero Energy Corp.. Also, the natural gas liquids (NGLs) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.