NEW YORK, April 11, 2016 /PRNewswire/ -- The natural gas Liquids market report by Transparency Market Research provides in-depth analysis of the natural gas Liquids market globally. The report segments the market on the basis of type and geography. The report analyzes the global natural gas Liquids market in terms of production (Kilo barrels/day) for the 2016–2024 period. For this research study, the base year is 2015, whereas the forecast is from 2016 to 2024. The report provides a comprehensive competitive landscape and features companies producing and processing natural gas liquids. This report includes the key market dynamics affecting the natural gas Liquids market globally. The analysis in the report provides detailed insights into the global natural gas Liquids market. Major dynamics such as drivers, opportunities, and restraints of the market were analyzed in detail and are illustrated in the report through tables. The report also provides a detailed industry analysis of the global natural gas Liquids market with the help of Porter's Five Forces model.
The natural gas Liquids market has been segmented on the basis of type into ethane, propane, normal butane, isobutane, and pentanes plus. Ethane was the largest type segment of the natural gas Liquids market globally, accounting for more than 45% of the global share, in 2015. Sales of ethane increased due to its growing applications across the globe. Propane was the second-largest type segment accounting for more than 20% of the global share, and Isobutane was the smallest type segment of the natural gas Liquids market globally, accounting for less than 10%, in 2015. Isobutane was the smallest type segment owing to its limited applications and market value. The global natural gas Liquids market growth is anticipated to be hampered by increasing use of alternatives such as naphtha.
The natural gas Liquids market was analyzed for North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. The Middle East had the largest production of natural gas liquids, followed by North America and Europe. The market for natural gas liquid in the Middle East accounted for more than 35% of global market share in 2015, whereas the market in North America stood at around 30%. The U.S., Saudi Arabia, Qatar, Canada, and he UAE were the leading countries in these regions with respect to natural gas liquids production. Europe, Africa, Latin America, and Asia Pacific also had significant natural gas liquids production in 2015. Europe held around 10% market share of the global natural gas Liquids market, while Asia Pacific, Africa, and Latin America accounted for less than 10% of the global market share in 2015. These regions are expected to increase natural gas liquids production during the forecast period owing to rising demand and growing investments in natural gas liquid production and processing infrastructure.
Some of the key market participants in the natural gas Liquids market include BP Plc, Chesapeake Energy Corporation, ConocoPhillips Company, Exxon Mobil Corporation, Linn Energy LLC, Range Resources Corporation, Royal Dutch Shell Plc., SM Energy, Statoil ASA, and Swift Energy Company. The report provides an overview of these companies, followed by their financial details (if available), business strategies, and recent developments.
The natural gas Liquids market has been segmented as follows:
Global Natural Gas Liquids market: Type Analysis
Global Natural Gas Liquids market: Regional Analysis
Rest of Asia Pacific
Rest of Middle East
Rest of Africa
Rest of Latin America
Read the full report: http://www.reportlinker.com/p03752621-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: firstname.lastname@example.org
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/natural-gas-liquids-market-by-type---global-industry-analysis-size-share-growth-trends-and-forecast-2016---2024-300248770.html