A comprehensive overview of the natural gas liquids market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the natural gas liquids market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels.

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Market Overview

The natural gas liquids market is expected to witness a CAGR of around 6% during the forecast period (2021–2027). Natural gas liquids market has observed a year-on-year growth in the past due to the rapid increase in the demand in the industrial and commercial sector as well as the government policies toward the cleaner fuel and replacement of coal with natural gas also pushing the demands on the higher side and it is expected the overall revenue and market size would be an increase in the near future. Furthermore, the consumption of natural gas for power generation has also witnessed an uptick over the past few years. For instance, according to the IEA, approximately 6300 TWh which is equal to 24% of power generation capacity was sourced from natural gas in the year 2020 and is expected to witness significant growth due to the rising interest in the CCUS (Carbon Capture, Utilization, and storage) power plant for the power generation across the worldwide.

COVID-19 Impact

Industry growth witnessed some stress and negative impact due to COVID-19. The sudden outbreak of COVID-19 has sent shockwaves across industries manufacturing, power generation, renewables, nuclear, and oil and gas. The outbreak and the resulting economic slowdown have had an intermediate impact on the natural gas liquids industry. Although the COVID-19 pandemic has forced stop all the fieldwork of several major projects, the market is nonetheless expected to remain robust with the rising demand for energy security and cleaner fuel requirement for power generation.

The natural gas liquids market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Product, the market is primarily bifurcated into:

·        Ethane

·        Propane

·        Butane

·        Pentene  

·        Others

Based on the product, the market is categorized into ethane, propane, butane, pentene, and others. The Ethane segment is expected to grow in the near future as there increasing demand for the feedstock at steam crackers to the refineries for the production of ethylene.

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By Application, the market is primarily bifurcated into:

·        Commercial

·        Industrial

·        Residential 

Based on application, the market is categorized into commercial, industrial, and residential segments. During the forecast period, the industrial segment is expected to witness significant growth in the market owing to the demands in the refineries as the feedstock alongside the use as the primary fuel in the power plants and use in space fuels.

Natural gas liquids Market Geographical Segmentation Includes:

·        North America

Ø United States

Ø Canada

Ø Rest of North America

·        Europe

Ø Germany

Ø U.K.

Ø Russia

Ø Spain

Ø Rest of Europe

·        Asia-Pacific

Ø China

Ø Japan

Ø India

Ø Rest of Asia-Pacific

·        Middle East & Africa


Ø Kuwait

Ø Saudi Arabia

Ø Rest of the ME&A

For a better understanding of the market adoption of the natural gas liquids industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, U.K., Russia, Spain, and the Rest of Europe); Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific); and the Middle East and Africa (UAE, Kuwait, Saudi Arabia and Rest of the ME&A). In 2020, North America accounted for a significant market presence owing to a boom in shale gas exploration, higher investment, and discoveries of the new oil field in the region. For instance, California is supposed to supply 60% of its electricity with renewables and low-carbon generation resources.

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The major players targeting the market include:

·        Exxon Mobil Corporation

·        Rosneft

·        SM Energy

·        Equinor ASA

·        Royal Dutch Shell Plc

·        Chevron Corporation

·        ConocoPhillips Company

·        Lukoil

·        Saudi Arabian Oil Co.

·        Linn Energy LLC

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the natural gas liquids market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

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Key questions resolved through this analytical market research report include:

·        What are the latest trends, new patterns, and technological advancements in the natural gas liquids market?

·        Which factors are influencing the natural gas liquids industry over the forecast period?

·        What are the global challenges, threats, and risks in the natural gas liquids market?

·        Which factors are propelling and restraining the natural gas liquids industry?

·        What are the demanding global regions of the natural gas liquids market?

·        What will be the market size in the upcoming years?

·        What are the crucial market acquisition strategies and policies applied by the companies?

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