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Global Natural Gas Liquids (NGLs) Market 2017 – ConocoPhillips Company, SM Energy, Royal Dutch Shell Plc., Chesapeake Energy Corporation, Exxon Mobil Corporation

Global Natural Gas Liquids (NGLs) Market 2017 – ConocoPhillips Company, SM Energy, Royal Dutch Shell Plc., Chesapeake Energy Corporation, Exxon Mobil Corporation

November 28
20:16 2017

Global Natural Gas Liquids (NGLs) Market 2017
Natural Gas Liquids (NGLs) Market (By Product Type: Ethane, Propane, Isobutane, and Others; By Geography: North America, Europe, Asia-Pacific, and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024

Global Natural Gas Liquids (NGLs) Market Report, published by Fior Markets, forecast that the global market is expected to reach 13,229 kilo barrels/day by 2024 from 7,793 kilo barrels/day in 2016, growing at a CAGR of 6.8% from 2016 to 2024. By geography, Asia-Pacific and Rest of the World (RoW) are expected to grow at a CAGR of 7.9% and 7.1%, respectively, during the forecast period.

Natural Gas Liquids (NGLs) Market (By Product Type: Ethane, Propane, Isobutane, and Others; By Geography: North America, Europe, Asia-Pacific, and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024″

Enquiry about Report: https://www.fiormarkets.com/report-detail/138477/request-sample

The global natural gas liquids market is majorly driven by increasing demand in refineries and petrochemical plants, coupled with rise in utilization of associated gas. Moreover, replacement of wetter non-associated gas with traditional dry gas has also supplemented the growth of the market. However, high competition from other energy producing products such as bio gas, methane gas and others would act as a restraint for the market. Development in the infrastructure for NGLs would provide several growth opportunities for the market in the coming years.

The global natural gas liquids market is categorized into product type and geography. Product type segment includes ethane, propane, isobutene, and others. Ethane segment accounted for the largest market share in 2016, owing to its increasing demand in refineries for heating. However, the isobutene segment is expected to grow at the fastest CAGR during the forecast period 2016-2024.

Geographically the natural gas liquids market is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America accounted for the largest market share in 2016, and is expected to continue its dominance during the forecast period, driven by increased demand from industrial and residential consumers. In terms of growth, Asia-Pacific is expected to grow at the fastest CAGR during the forecast period 2016-2024. The high growth is majorly seen due to increasing energy demand in countries such as China and India.

To browse the complete report, visit at: https://www.fiormarkets.com/report/natural-gas-liquids-ngls-market-by-product-type-138477.html

Major players in the natural gas liquids market include, ConocoPhillips Company, SM Energy, Royal Dutch Shell Plc., Chesapeake Energy Corporation, Exxon Mobil Corporation, BP Plc, Range Resources Corporation, Linn Energy LLC, Statoil ASA, and Swift Energy Company, among others.

About Fior Markets

Fior Markets is a leading market intelligence company that sells reports of top publishers in the technology industry. Our extensive research reports cover detailed market assessments that include major technological improvements in the industry. Fior Markets also specializes in analyzing hi-tech systems and current processing systems in its expertise.

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Media Contact
Company Name: Fior Markets
Contact Person: Mark Stone
Email: Send Email
Phone: 2014654211
Address:Office 102, Aspirations, Baner Road, Baner
City: Pune
State: Maharashtra
Country: India
Website: www.fiormarkets.com/report/natural-gas-liquids-ngls-market-by-product-type-138477.html

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