World Natural Gas Liquids (NGLs) Market to Register 6.7% CAGR to 2024, States Variant Market Research in Its Report Available at MarketPublishers.com
15 Aug 2017 • by Natalie Aster
LONDON – Globally, the market for natural gas liquids (NGLs) is predicted to exceed 13,220 barrels per day by 2024, posting a 6.7% CAGR during 2017-2024.The main NGLs market growth drivers include rising usage of associated gas, elevating demand for NGLs in refining and petrochemical facilities, substitution of wetter non-associated gas with common dry gas, amid others. Still, the market growth can be considerably restrained by high competition from other energy producing products, for instance methane gas, and bio gas,
In the nearest future, the market for NGLs is predicted to have a bright future providing the development in the infrastructure for NGLs and associated with new business opportunities.
As of 2016, owing to strong demand for heating application in refineries, the global NGLs market was dominated by the ethane segment, which accounted for the mammoth market share. Through 2022, the isobutane segment is likely to grow at the highest CAGR.
The topical research report “Natural Gas Liquids (NGLs) Market (By Product Type, By Geography) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024” elaborated by Variant Market Research offers a profound analysis of the global natural gas liquids (NGLs) market, highlighting the main segments with regards to types and geography. The report provides a holistic analysis of the historical, present and future market performance at different geographical levels. The report comprises reliable qualitative and quantitative info on the market performance and dynamics for 2015-2024 and discloses compound annual growth rates (CAGRs) for 2016-2024. Moreover, the study is an unrivalled source of relevant information on the emerging prospects, prevailing trends and lucrative opportunities for the NGLs market. It also traces light on the market dynamics, studying the main market growth drivers and challenges. The market competitive landscape is examined here, as well.
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