Natural Gas Liquids (NGLs) Market Redefine Energy Production and Consumption by 2030 | ExxonMobil Corp., Chesapeake Energy Corp., BP Plc, Range Resources Corp.

With a predicted CAGR of 5.4% from 2021 to 2030, the Global Market for Natural Gas liquids, which was valued at $16.9 billion in 2020, is expected to reach $28.5 billion by 2030. Natural gas liquids (NGL) are parts of natural gas that have been liquidised after being separated from the gaseous state. This separation happens at a gas processing plant or a field facility using absorption, condensation, or other techniques. Natural gas liquids are also hydrocarbons, a class of chemicals that includes natural gas and crude oil and is made entirely of carbon and hydrogen. Natural gas liquids come in a variety of forms, and there are several uses for NGL products. Ethane, propane, butane, isobutane, and pentane are among the byproducts of natural gas liquid. NGLs are added to petrochemical factories as feedstock, burnt for space heating and cooking, and combined with gasoline for vehicles. Increased NGL pricing as a result of higher crude oil prices has incentivized drilling in liquids-rich deposits with high NGL concentrations. Although these hydrocarbons have a similar chemical makeup, their uses differ greatly. The major portion of NGL field output is made up of ethane. Almost all of it is used to create ethylene, which is subsequently used to make plastics. Contrarily, most propane is used for heating, however, a sizeable portion is utilised as a feedstock for petrochemicals.

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The Key companies profiled in the Natural Gas Liquids (NGLs) Market:
ExxonMobil Corp., Chesapeake Energy Corp., BP Plc, Range Resources Corp., Royal Dutch Shell Plc, SM Energy, ConocoPhillips Company, Swift Energy Company, Equinor, Linn Energy LLC, Chevron Corp., Canadian Natural Resources Limited, Anadarko Petroleum Corp., Alkcon Corp. & Others.

Global Natural Gas Liquids (NGLs) Market Split by Product Type and Applications

This report segments the Natural Gas Liquids (NGLs) Market on the basis of Types:
Propane
Ethane
Isobutene
Others

On the basis of Application, the Natural Gas Liquids (NGLs) Market is segmented into:
Petrochemicals
Space Heating
Others

Some regions of Europe, Turkey, and Australia favour the fuel known as "autogas," a propane and butane mixture. Natural petrol (pentanes plus) is beneficial for recovering energy from oil sands and wells, and it may be combined into other types of fuel for combustion engines. A sizeable portion of the chemical and material sector is dominated by natural gas liquid. Chemicals and materials are used in a wide range of industries, including the automotive, medical, and institutional cleaning industries. Products from the chemical sector are present in 96% of produced items. Therefore, it is envisaged that a sector with such extensive economic exposure will be impacted by the initial and ongoing changes brought on by COVID-19. Chemical and material firms might anticipate risks to weak business models as well as the major potential for development and transformation depending on how the epidemic develops and how it affects the economy. Additionally, there were major negative effects on import and export activity, which in turn had a negative influence on the markets for natural gas liquids across the world.

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Market Segmentation:
Natural Gas Liquids (NGLs) market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Regional Analysis:
The Natural Gas Liquids (NGLs) Market report covers the following countries: the United States, Canada, Mexico, Brazil, Argentina, Peru, the rest of South America, Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, the rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, the Philippines, and Vietnam.

Key Features Included in the Offering and Highlights of the Natural Gas Liquids (NGLs) Market Reports:
• The market for NGLs is driven by the increasing demand for clean and efficient energy sources.
• NGLs can be separated from natural gas through processes such as cryogenic extraction and fractionation.
• The market is influenced by factors such as natural gas production levels, oil and gas prices, and regional energy consumption patterns.
• NGLs are transported and stored in different forms, including pipelines, rail, trucks, and storage tanks.
• NGLs have international trade significance, with various countries engaging in import and export activities.

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Major Point of Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Natural Gas Liquids (NGLs) Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Natural Gas Liquids (NGLs) Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Natural Gas Liquids (NGLs) Market Analysis
Chapter 6 East Asia Natural Gas Liquids (NGLs) Market Analysis
Chapter 7 Europe Natural Gas Liquids (NGLs) Market Analysis
Chapter 8 South Asia Natural Gas Liquids (NGLs) Market Analysis
Chapter 9 Southeast Asia Natural Gas Liquids (NGLs) Market Analysis
Chapter 10 Middle East Natural Gas Liquids (NGLs) Market Analysis
Chapter 11 Africa Natural Gas Liquids (NGLs) Market Analysis
Chapter 12 Oceania Natural Gas Liquids (NGLs) Market Analysis
Chapter 13 South America Natural Gas Liquids (NGLs) Market Analysis
Chapter 14 Company Profiles and Key Figures in Natural Gas Liquids (NGLs) Business
Chapter 15 Global Natural Gas Liquids (NGLs) Market Forecast (2023-2028)
Chapter 16 Conclusions
Research Methodology...

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