Natural Gas Liquids Market
Opportunities and Forecasts, 2014- 2022
Natural Gas Liquids Market by Product Type (Ethane, Propane, Isobutane, and Others)
Current and Future Market Scenario • Global Natural Gas Liquids Market is expected to reach 11,468 kilo barrels/day by 2022, states Allied Market Research. • Global Natural Gas Liquids Market will grow at a prominent CAGR of 6.67 % from 2014 to 2022. • Asia-Pacific is expected to be the fastest growing market for natural gas liquids, which is anticipated to grow at a CAGR of 7.82% during the projection tenure. • Ethane occupied more than two-fifths of the total share, in terms of volume.
• The natural gas liquids market holds a substantial scope for growth. Natural Gas Liquids Market
Market Segments
By Product Types
By Geography
Ethane
North America
Propane
Europe
Isobutene
Asia-Pacific
Normal butane
LAMEA
Pentane pentane plus Natural Gas Liquids Market
Factors Contributing to Market Growth • Increase in demand for petrochemical plants, refineries, and residential and industrial sectors are the major factors fueling the growth of the natural gas and liquid market. • The rise in energy demand has escalated the growth of natural liquids market
Other factors that contribute to market growth are: • Increasing demand from petrochemical plants. • Increasing demand from refineries. • High demand from industrial and residential consumers
Natural Gas Liquids Market
Australia Natural Gas Liquids Market Size China and India are the countries whose demand has increased at an unexpected rate and in the future the natural gas liquids market can be a big market in these countries, while the natural gas liquids market in Australia is expected to grow at a CAGR of 7.81% during the forecast period.
Natural Gas Liquids Market
Region Overview • The European natural gas liquid market for propane is likely to achieve a CAGR of 6.60% from 2016 to 2022. • In 2015, North America dominated the market with more than two-fifths of the total share by geography. • The U.S. market for natural gas liquids is anticipated to expand at a CAGR of 6.16% during the forecast period. • Asia-Pacific occupied approximately one-fifth of the total share by volume in 2015
Natural Gas Liquids Market
Leading Players Eminent market players in this sector include Royal Dutch Shell Plc., Chesapeake Energy Corporation, ConocoPhillips Company, SM Energy, Exxon Mobil Corporation, BP Plc, Range Resources Corporation, Statoil ASA, Swift Energy Company, and Linn Energy LLC.
Natural Gas Liquids Market
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