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Read the 120-page report with TOC on "Natural Gas Liquids (NGLs) Market Analysis Report by Product (Propane, Butane, Pentane, and Ethane) and Geography (North America, Middle East, and Africa, Europe, APAC, and South America), and the Segment Forecasts,2022-2026". Gain competitive intelligence about market leaders. Track key industry opportunities, trends and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/natural-gas-liquids-ngls-market-industry-analysis
Natural Gas Liquids (NGLs): Drivers & Trends
The key factor driving the global natural gas liquids (NGLs) market growth is the increasing government support for the adoption of NGL. For instance, in July 2018, the Energy Regulatory Commission, Mexico authorized Walmart with a 30-year commission for offering propane to customers in six Mexican state municipalities. The government of Alberta, Canada, has made efforts to increase ethane supplies through a combination of loan guarantees, royalty credits, and grants through an expanded petrochemicals diversification program. Coupled with a partial upgrading program, these initiatives are expected to attract more than USD 10 billion in private investment. Moreover, in September 2018, the Saudi Arabian government began new efforts to unwind subsidies for necessities such as water and energy. As a result, the price of ethane rose by 2.33 times the price of subsidies. However, this did not impact the demand for products cuts, and the hikes were positively accepted. Such factors will drive the market growth during the forecast period.
Also, the rising need for cleaner fuel is one of the key natural gas liquids market trends that is expected to impact the industry positively in the forecast period. CO2 emissions grew by 1.5% in 2017 from 2016, despite relative stability between 2013 and 2016. Per the IEA, in 2016, the transportation sector accounted for around eight gigatons of CO2, about one-quarter of the total emissions. As a result, there has been significant adoption of NGLs as a source of energy in various sectors. According to Technavio analysis, global autogas consumption is expected to rise from 27.01 million tons in 2017 to 29.79 million tons by 2022. In addition, LPG is extensively used in the residential sector and for leisure in recreational vehicles, boats, and caravans. For instance, in May 2016, Pradhan Mantri Ujjwala Yojana was launched in India to provide new and free LPG connections to women belonging to extremely poor households. This is expected to boost the market growth in the coming years.
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Some of key Natural Gas Liquids (NGLs) Players:
The natural gas liquids (NGLs) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Aramco Asia India Pvt. Ltd.
- BP Plc
- Canadian Natural Resources Ltd.
- Chesapeake Energy Corp.
- Chevron Corp.
- Citizen Energy
- ConocoPhillips Co.
- Equinor ASA
- Exxon Mobil Corp.
- Nigeria LNG Ltd.
- Ovintiv Inc.
- PetroChina Co. Ltd.
- Petroleos de Venezuela SA
- PT Pertamina(Persero)
- Repsol SA
- Shell plc
- SilverBow Resources Inc.
- SM ENERGY
- TotalEnergies SE
- Valero Energy Corp.
The natural gas liquids (NGLs) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Natural Gas Liquids (NGLs) Market - Segmentation Analysis
Product Outlook (Revenue, USD bn, 2021-2026)
- Propane - size and forecast 2021-2026
- Butane - size and forecast 2021-2026
- Pentane - size and forecast 2021-2026
- Ethane - size and forecast 2021-2026
Geography Outlook (Revenue, USD bn, 2021-2026)
- North America - size and forecast 2021-2026
- Middle East and Africa - size and forecast 2021-2026
- Europe - size and forecast 2021-2026
- APAC - size and forecast 2021-2026
- South America - size and forecast 2021-2026
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Related Reports:
- The LNG infrastructure market share is expected to increase by USD 4.81 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.19%. Download a free sample now!
- The syngas market in North America is expected to increase by USD 416.12 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.62%. Download a free sample now!
Natural Gas Liquids (NGLs) Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.2% |
Market growth 2022-2026 |
USD 15.17 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.78 |
Performing market contribution |
North America at 45% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Aramco Asia India Pvt. Ltd., BP Plc, Canadian Natural Resources Ltd., Chesapeake Energy Corp., Chevron Corp., Citizen Energy, ConocoPhillips Co., Equinor ASA, Exxon Mobil Corp., Nigeria LNG Ltd., Ovintiv Inc., PetroChina Co. Ltd., Petroleos de Venezuela SA, PT Pertamina(Persero), Repsol SA, Shell plc, SilverBow Resources Inc., SM ENERGY, TotalEnergies SE, and Valero Energy Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Propane - Market size and forecast 2021-2026
- Exhibit 28: Chart on Propane - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Propane - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Propane - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Propane - Year-over-year growth 2021-2026 (%)
- 5.4 Butane - Market size and forecast 2021-2026
- Exhibit 32: Chart on Butane - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Butane - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Butane - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Butane - Year-over-year growth 2021-2026 (%)
- 5.5 Pentane - Market size and forecast 2021-2026
- Exhibit 36: Chart on Pentane - Market size and forecast 2021-2026 ($ billion)
- Exhibit 37: Data Table on Pentane - Market size and forecast 2021-2026 ($ billion)
- Exhibit 38: Chart on Pentane - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Pentane - Year-over-year growth 2021-2026 (%)
- 5.6 Ethane - Market size and forecast 2021-2026
- Exhibit 40: Chart on Ethane - Market size and forecast 2021-2026 ($ billion)
- Exhibit 41: Data Table on Ethane - Market size and forecast 2021-2026 ($ billion)
- Exhibit 42: Chart on Ethane - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Ethane - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by Product
- Exhibit 44: Market opportunity by Product ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 APAC - Market size and forecast 2021-2026
- Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 Russia - Market size and forecast 2021-2026
- Exhibit 74: Chart on Russia - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on Russia - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on Russia - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Russia - Year-over-year growth 2021-2026 (%)
- 7.10 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.11 Iran - Market size and forecast 2021-2026
- Exhibit 82: Chart on Iran - Market size and forecast 2021-2026 ($ billion)
- Exhibit 83: Data Table on Iran - Market size and forecast 2021-2026 ($ billion)
- Exhibit 84: Chart on Iran - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Iran - Year-over-year growth 2021-2026 (%)
- 7.12 Saudi Arabia - Market size and forecast 2021-2026
- Exhibit 86: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
- Exhibit 87: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
- Exhibit 88: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 Aramco Asia India Pvt. Ltd.
- Exhibit 97: Aramco Asia India Pvt. Ltd. - Overview
- Exhibit 98: Aramco Asia India Pvt. Ltd. - Product / Service
- Exhibit 99: Aramco Asia India Pvt. Ltd. - Key offerings
- 10.4 BP Plc
- Exhibit 100: BP Plc - Overview
- Exhibit 101: BP Plc - Business segments
- Exhibit 102: BP Plc - Key offerings
- Exhibit 103: BP Plc - Segment focus
- 10.5 Canadian Natural Resources Ltd.
- Exhibit 104: Canadian Natural Resources Ltd. - Overview
- Exhibit 105: Canadian Natural Resources Ltd. - Product / Service
- Exhibit 106: Canadian Natural Resources Ltd. - Key offerings
- 10.6 Chesapeake Energy Corp.
- Exhibit 107: Chesapeake Energy Corp. - Overview
- Exhibit 108: Chesapeake Energy Corp. - Product / Service
- Exhibit 109: Chesapeake Energy Corp. - Key offerings
- 10.7 Chevron Corp.
- Exhibit 110: Chevron Corp. - Overview
- Exhibit 111: Chevron Corp. - Business segments
- Exhibit 112: Chevron Corp. - Key news
- Exhibit 113: Chevron Corp. - Key offerings
- Exhibit 114: Chevron Corp. - Segment focus
- 10.8 ConocoPhillips Co.
- Exhibit 115: ConocoPhillips Co. - Overview
- Exhibit 116: ConocoPhillips Co. - Business segments
- Exhibit 117: ConocoPhillips Co. - Key offerings
- Exhibit 118: ConocoPhillips Co. - Segment focus
- 10.9 Exxon Mobil Corp.
- Exhibit 119: Exxon Mobil Corp. - Overview
- Exhibit 120: Exxon Mobil Corp. - Business segments
- Exhibit 121: Exxon Mobil Corp. - Key offerings
- Exhibit 122: Exxon Mobil Corp. - Segment focus
- 10.10 Nigeria LNG Ltd.
- Exhibit 123: Nigeria LNG Ltd. - Overview
- Exhibit 124: Nigeria LNG Ltd. - Product / Service
- Exhibit 125: Nigeria LNG Ltd. - Key offerings
- 10.11 Ovintiv Inc.
- Exhibit 126: Ovintiv Inc. - Overview
- Exhibit 127: Ovintiv Inc. - Business segments
- Exhibit 128: Ovintiv Inc. - Key offerings
- Exhibit 129: Ovintiv Inc. - Segment focus
- 10.12 Shell plc
- Exhibit 130: Shell plc - Overview
- Exhibit 131: Shell plc - Business segments
- Exhibit 132: Shell plc - Key news
- Exhibit 133: Shell plc - Key offerings
- Exhibit 134: Shell plc - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 135: Inclusions checklist
- Exhibit 136: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 137: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 138: Research methodology
- Exhibit 139: Validation techniques employed for market sizing
- Exhibit 140: Information sources
- 11.5 List of abbreviations
- Exhibit 141: List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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