Natural Gas Liquids Market
Opportunities and Forecasts, 2014- 2022
Natural Gas Liquids Market : Future & Growth
Future & Growth of the Market • The global natural gas liquids market accounted for 7,306kilo barrels/day in 2015 and is expected to reach 11,468 kilo barrels/day by 2022
• Growing at a CAGR of 6.67% during the forecast period • In 2015, ethane occupied more than two-fifths of the total share, in terms of volume • 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.
Natural Gas Liquids Market: Factors Contributing to Market Growth
Factors Contributing to Market Growth • Demand for petrochemical plants, refineries, and residential and industrial sectors are the major factors fueling the growth of the market • Owing to rise in environmental concerns
• Rise with applications in refrigerants and in common cooking lighters • The rise in energy demand • Economical gas to liquid technological innovations
Natural Gas Liquids Market: Key Factors
• In 2015, Propane occupied more than one-fifth of the total share by volume • The natural gas liquid market for ethane is expected to grow at a CAGR of 6.18% during the forecast period • 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
Natural Gas Liquids Market Segmentation
The Market is segmented into Product Types, namely : • Ethane • Propane • Isobutane • Others (Normal butane, pentane, and pentane plus)
Natural Gas Liquids Market Segmentation
Geographically, the Market is segmented into : • North America: which includes U.S, Canada, Mexico
• Europe: which includes UK, Russia, Norway and rest of the Europe • Asia-Pacific: which includes Indonesia, Malaysia, China, India and rest of Asia-Pacific • LAMEA: which includes Latin America, Middle East, Africa
Natural Gas Liquids Market: Key Players Key Players of the Market are: • • • • • • • • • • • •
ESAI Energy LLC RBN Energy LLC Eni SpA Anadarko Petroleum Corporation Canadian Natural Resources Limited Devon Energy Corporation Encana Corporation Williams Companies, Inc. Chevron Corporation Gas Liquid Engineering Ltd Alkcon Corporation Hone Propane
Summary: Economical gas to liquid technological innovations such as nanowire and Havelide systems provide innovative solutions to capture natural gases which gets wasted through flaring
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