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    Natural Gas Liquid Market Report

    Natural Gas Liquid Market Report
    Report code - SR2032 Delivery - 2 Weeks
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    Natural Gas Liquid Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth O See more...

    Market Insights

    Natural gas liquid is a component of natural gas which is separated from the gas state in the liquid form. It is a low-density mixture of hydrocarbon liquids. Natural gas liquids include ethane, propane, butane, pentane, isobutane, and others. These liquids are extensively utilized in almost every sector of the economy.

    Growing investments in the petrochemical industry, coupled with rapid growth in the residential and commercial sectors, is expected to boost the market growth over the forecast period. Furthermore, rapid urbanization and industrialization, rising concern regarding clean energy, and increasing demand for space heating are expected to accelerate the growth of the market in the coming years. Overall, the natural gas liquid market is estimated to grow at a healthy CAGR of 7.5% during the forecast period.

    Segment Analysis

    Based on the product type, the market is segmented as ethane, propane, butane, and pentane plus. Ethane is estimated to account for the lion’s share of the market during the forecast period. Its growing use in the petrochemical industry, development of large-scale ethylene crackers as a feedstock to produce ethylene, and growing investments in downstream industries are expected to drive the growth of the segment in the coming years.

    Butane, on the other hand, is expected to register significant growth in the market over the forecast period. Factors such as its high replacement potential, wide applications across various sectors, reduced carbon footprints, and growing LPG demand are expected to fuel the segment growth over the forecast period.

    Based on the application type, the market is bifurcated into petrochemical feedstock, space heating, blendstock, and others. Petrochemical feedstock is estimated to hold the largest share of the market during the forecast period. Increasing focus on environmental protection, coupled with continuous evaluation of alternative fuel adoption is likely to boost the overall industry growth in the coming years. Furthermore, increasing investments toward developing the industrial sector, as well as growing demand for synthetic rubber, polyethylene, and polypropylene for the manufacture of plastics, tires, and other products, is expected to drive the natural gas liquid market growth over the forecast period. Also, the market for space heating is expected to grow at a significant rate. Growing focus on clean energy sources, as well as rising demand for effective and energy-efficient systems, is expected to fuel the market growth. Growing population and increasing awareness of sustainable building solutions are likely to accelerate the growth of the market in the years to come.

    In terms of regions, North America is estimated to be the leading region in the natural gas liquid market during the forecast period with the U.S. being the growth engine of the region. Major factors such as rapid development of the shale gas industry, decreasing reliance on foreign countries for energy imports, and low prices of natural gas liquids are expected to drive the regional market growth during the forecast period. Furthermore, fluctuations in currency exchange rates, supply cost efficiencies, and product monetization all contribute to an optimistic outlook for industry growth over the forecast period.

    Key Players

    The following are some of the key players in the natural gas liquid market:

    • Canadian Natural Resources
    • Chevron Corporation  
    • Eni S.p.A.
    • Exxon Mobil Corporation
    • Gazprom
    • Petrobras
    • Range Resources Corporation
    • Riveria Resources, Inc.
    • Rosnef
    • Royal Dutch Shell PLC.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s natural gas liquid market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The natural gas liquid market is segmented into the following categories:

    Natural Gas Liquid Market, by Product Type

    • Ethane (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Propane (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Butane (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Pentane Plus (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Natural Gas Liquid Market, by Application Type

    • Petrochemical Feedstock (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Space Heating (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Blendstock (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Natural Gas Liquid Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The natural gas liquid market is estimated to grow at a healthy CAGR of 7.5% over the next five years. Growing investments in the petrochemical industry, coupled with rapid growth in the residential and commercial sectors, is expected to boost the market growth over the forecast period. Furthermore, rapid urbanization and industrialization, rising concern regarding clean energy, and increasing demand for space heating are expected to accelerate the growth of the market in the coming years.

    Canadian Natural Resources, Chevron Corporation, Eni S.p.A., Exxon Mobil Corporation, Gazprom, Petrobras, Range Resources Corporation, Riveria Resources, Inc., Rosneft, and Royal Dutch Shell PLC are some of the key players in the market.

    North America is estimated to lead the natural gas liquid market on account of rapid development of the shale gas industry, decreasing reliance on foreign countries for energy imports, and low prices of natural gas liquids. Furthermore, fluctuations in currency exchange rates, supply cost efficiencies, and product monetization all contribute to an optimistic outlook for industry growth over the forecast period.

    Petrochemical feedstock is estimated to remain dominant in the market on account of increasing focus on environmental protection coupled with continuous evaluation of alternative fuel adoption, fueling the overall industry growth in the coming years. Furthermore, increasing investments toward developing the industrial sector, as well as growing demand for synthetic rubber, polyethylene, and polypropylene for the manufacture of plastics, tires, and other products, is expected to drive the natural gas liquid market growth over the forecast period.

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