According to AMA, the Natural Gas Liquids market will register a CAGR of above 6.8% by 2026. The study covers a detailed analysis segmented by key business segments i.e. by type (Propane, Ethane, Isobutene and Others) , by application (Petrochemical Feedstock, Space Heating and Blend stock) and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Natural Gas Liquids market throughout the predicted period.
What is Natural Gas Liquids?
Natural Gas Liquids are the components of natural gas that are separated from the gas state in the form of liquids. Natural Gas Liquids market has high growth prospects due to demand for various verticals such as demand of refineries for usage of NGLs for production of ethane or ethylene by steam cracking and rising demand of petrochemical plants. There has been significant rise in natural gas production with figure stood up to 10.0 billion cubic feet per day in United States alone in 2018. So, the future for natural gas liquids looks promising. Further, increasing demand at automobile industries and rising environmental concerns expected to drive the market over the forecasted period.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Natural Gas Liquids market analysis report suggests strategies Manufacturers can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, including:
- Royal Dutch Shell Plc. (The Netherlands)
- Chesapeake Energy Corporation (United States)
- ConocoPhillips Company (United States)
- SM Energy (United States)
- Exxon Mobil Corporation (United States)
- BP Plc (United Kingdom)
- Range Resources Corporation (United States)
- Statoil ASA (Norway)
Market Overview:
In December 2018, Easton Energy announced to acquire Gulf Coast Natural Gas Liquids Pipeline Systems from Williams Companies, Inc. This acquisition is beneficial in providing transport natural gas liquids from various supply sources to petrochemical consumers in Texas and Louisiana markets.
Market Trend
Collaboration and Tie Up Of Leading Players and Value Oriented Customers
Restraints
- Side Effect Associated Within natural gas Liquids due to Leakage.
- Adverse Impact as it Non-Renewable Sources of Energy
Opportunities
Growing Investments towards Petrochemical Industries., Upsurge in Consumption of Products for Heating, Cooking Purposes. and Rising demand of Refineries.
Key highlights of the Global Natural Gas Liquids market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Natural Gas Liquids market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Natural Gas Liquids market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Natural Gas Liquids Manufacturers
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
• A tipping point in globalization
• A major slowdown in Western economies
• Significant shifts in technology and cost structure
• The challenges of regulatory compliance
• New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Natural Gas Liquids market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Natural Gas Liquids market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Natural Gas Liquids Manufacturers, Natural Gas Liquids Traders, End-Use Market Participants of Different Segments of Natural Gas Liquids, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.