CLEVELAND, April 18, 2017 /PRNewswire/ -- US demand for natural gas is forecast to reach 20.0 trillion cubic feet in 2021, according to Natural Gas: United States, a report recently released by Freedonia Focus Reports. Growth in demand for natural gas in the industrial market is projected to outpace that of all other discrete market segments and surpass the electric power market as the largest segment. Increases in manufacturing, mining, and agricultural activity will drive greater demand for energy in the industrial sector.
Growing exports of liquefied natural gas (LNG) will drive expansion as producers convert supplies of natural gas into LNG for shipping. While liquefaction of natural gas for export will exhibit the fastest rate of growth among industrial applications, chemical feedstocks are expected to account for the largest volume increase over the forecast period.
These and other key insights are featured in Natural Gas: United States. This report forecasts US natural gas demand and production in cubic feet to 2021. Total demand is segmented by market in terms of:
- electric power
- other markets such as lease, plant, and vehicle fuel.
Reported demand figures reflect the volume of natural gas delivered to consumers, in addition to that consumed as lease fuel, plant fuel, and for pipeline and distribution use. Production refers to dry natural gas production, also known as consumer-grade natural gas. Dry natural gas production excludes natural gas liquids such as plant liquids and lease condensate that are removed from the gas stream at processing plants.
To illustrate historical trends, total demand, total production, the various segments, and trade are provided in annual series from 2006 to 2016.
More information about the report is available at https://www.freedoniafocusreports.com/Natural-Gas-United-States-10775025/
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Energy & Resources reports can be purchased at www.freedoniafocusreports.com or marketresearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-demand-for-natural-gas-to-reach-200-trillion-cubic-feet-in-2021-300440514.html
SOURCE The Freedonia Group