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Published Date: 2016-03-14Number of Pages: 123

Natural Gas Liquids market, By Type (Ethane, Propane, Normal Butane, Isobutane, and Pentanes Plus) - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2016 - 2024


The natural gas Liquids market report by Transparency Market Research provides in-depth analysis of the natural gas Liquids market globally. The report segments the market on the basis of type and geography. The report analyzes the global natural gas Liquids market in terms of production (Kilo barrels/day) for the 2016–2024 period. For this research study, the base year is 2015, whereas the forecast is from 2016 to 2024. The report provides a comprehensive competitive landscape and features companies producing and processing natural gas liquids. This report includes the key market dynamics affecting the natural gas Liquids market globally. The analysis in the report provides detailed insights into the global natural gas Liquids market. Major dynamics such as drivers, opportunities, and restraints of the market were analyzed in detail and are illustrated in the report through tables. The report also provides a detailed industry analysis of the global natural gas Liquids market with the help of Porter’s Five Forces model.

The natural gas Liquids market has been segmented on the basis of type into ethane, propane, normal butane, isobutane, and pentanes plus. Ethane was the largest type segment of the natural gas Liquids market globally, accounting for more than 45% of the global share, in 2015. Sales of ethane increased due to its growing applications across the globe. Propane was the second-largest type segment accounting for more than 20% of the global share, and Isobutane was the smallest type segment of the natural gas Liquids market globally, accounting for less than 10%, in 2015. Isobutane was the smallest type segment owing to its limited applications and market value. The global natural gas Liquids market growth is anticipated to be hampered by increasing use of alternatives such as naphtha. 

The natural gas Liquids market was analyzed for North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. The Middle East had the largest production of natural gas liquids, followed by North America and Europe. The market for natural gas liquid in the Middle East accounted for more than 35% of global market share in 2015, whereas the market in North America stood at around 30%. The U.S., Saudi Arabia, Qatar, Canada, and he UAE were the leading countries in these regions with respect to natural gas liquids production. Europe, Africa, Latin America, and Asia Pacific also had significant natural gas liquids production in 2015. Europe held around 10% market share of the global natural gas Liquids market, while Asia Pacific, Africa, and Latin America accounted for less than 10% of the global market share in 2015. These regions are expected to increase natural gas liquids production during the forecast period owing to rising demand and growing investments in natural gas liquid production and processing infrastructure.

Some of the key market participants in the natural gas Liquids market include BP Plc, Chesapeake Energy Corporation, ConocoPhillips Company, Exxon Mobil Corporation, Linn Energy LLC, Range Resources Corporation, Royal Dutch Shell Plc., SM Energy, Statoil ASA, and Swift Energy Company. The report provides an overview of these companies, followed by their financial details (if available), business strategies, and recent developments. 

The natural gas Liquids market has been segmented as follows:

Global Natural Gas Liquids market: Type Analysis

  • Ethane
  • Propane
  • Normal Butane
  • Isobutane
  • Pentanes Plus 

Global Natural Gas Liquids market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Norway
    • Russia
    • U.K.
    • Netherlands
  • Asia Pacific
    • Indonesia
    • Australia
    • India
    • Rest of Asia Pacific
  • Middle East
    • Qatar
    • Iran
    • Saudi Arabia
    • U.A.E
    • Rest of Middle East
  • Africa
    • Algeria
    • Nigeria
    • Rest of Africa
  • Latin America
    • Argentina
    • Brazil
    • Venezuela
    • Rest of Latin America 


Chapter 1 Preface

  • Report Description
  • Market Segmentation
  • Research Scope and Methodology

Chapter 2 Executive Summary

  • Global Natural gas Liquids market: Snapshot

Chapter 3 Global Natural gas Liquids market- Industry Analysis

  • Introduction
  • Value Chain Analysis
  • Market Drivers
    • Increasing use of natural gas liquids (NGLs) in petrochemical applications
    • Increasing use of shale gas resources
  • Market Restraints
    • Increasing use of alternatives of natural gas liquids (NGLs)
  • Market Opportunities
    • Decreasing natural gas prices
  • Porter’s Five Forces Analysis
    • Bargaining Power of Suppliers
    • Bargaining Power of Buyers
    • Threat from new entrants
    • Threat of Substitutes
    • Degree of Competition
  • Market Attractiveness Analysis of Natural gas Liquids market, by Region (2015)

Chapter 4 Global Natural gas Liquids market – Type Segment Analysis

  • Global Natural gas Liquids market: Type Segment Overview
  • Global Natural gas Liquids market, By Type, By Production (Kilo barrels /Day)
    • Global Natural gas Liquids market- Ethane
    • Global Natural gas Liquids market- Propane
    • Global Natural gas Liquids market- Normal Butane
    • Global Natural gas Liquids market- Isobutane
    • Global Natural gas Liquids market- Pentane Plus

Chapter 5 Global Natural gas Liquids market – Regional Segment Analysis

  • Global Natural gas Liquids market: Regional Segment Overview
  • North America Natural gas Liquids market Estimates And Forecast, By Revenue, 2014 – 2024 (Kilo barrels/ Day)
    • U.S.
    • Canada
    • Mexico
  • Europe Natural gas Liquids market Estimates And Forecast, By Revenue, 2014 – 2024 (Kilo barrels/ Day)
    • Norway
    • Russia
    • U.K.
    • Netherlands
  • Asia Pacific Natural gas Liquids market Estimates And Forecast, By Revenue, 2014 – 2024 (Kilo barrels/ Day)
    • Indonesia
    • Australia
    • India
    • Rest of Asia Pacific
  • Middle East Natural gas Liquids market Estimates And Forecast, By Revenue, 2014 – 2024 (Kilo barrels/ Day)
    • Qatar
    • Iran
    • Saudi Arabia
    • U.A.E
    • Rest of Middle East
  • Africa Natural gas Liquids market Estimates And Forecast, By Revenue, 2014 – 2024 (Kilo barrels/ Day)
    • Algeria
    • Nigeria
    • Rest of Africa
  • Latin America Natural gas Liquids market Estimates And Forecast, By Revenue, 2014 – 2024 (Kilo barrels/ Day)
    • Argentina
    • Brazil
    • Venezuela
    • Rest of Latin America

Chapter 6 Company Profiles

  • BP Plc
    • Company overview
    • Financial overview
    • Business strategy
    • Recent developments
  • Chesapeake Energy Corporation
    • Company overview
    • Financial overview
    • Business strategy
    • Recent developments
  • ConocoPhillips Company
    • Company overview
    • Financial overview
    • Business strategy
    • Recent developments
  • Exxon Mobil Corporation
    • Company overview
    • Financial overview
    • Business strategy
    • Recent developments
  • Linn Energy LLC
    • Company Overview
    • Financial overview
    • Business Strategy
    • Recent developments
  • Range Resources Corporation
    • Company overview
    • Financial overview
    • Business strategy
    • Recent developments
  • Royal Dutch Shell Plc.
    • Company overview
    • Financial overview
    • Business strategy
    • Recent developments
  • SM Energy
    • Company overview
    • vFinancial overview
    • Business strategy
    • Recent developments
  • Statoil
    • Company overview
    • Financial overview
    • Business strategy
    • Recent developments
  • Swift Energy Company
    • Company overview
    • Financial overview
    • Business strategy
    • Recent developments

List of Figures

FIG. 1 Global Natural gas Liquids market, Estimates and Forecast, by Production, 2014–2024 (Kilo barrel/ Day)
FIG. 2 Natural Gas Liquid Consumption, by Application, 2014
FIG. 3 Average Natural Gas Prices, 2008–2015, US$ per Million Btu
FIG. 4 Market Attractiveness Analysis, by Region (2015)
FIG. 5 Global Natural gas Liquids market, By Type, By Production (Kilo barrels/Day)
FIG. 6 Global Natural gas Liquids market- Ethane, By Production (Kilo barrels/Day)
FIG. 7 Global Natural gas Liquids market- Propane, By Production (Kilo barrels/Day)
FIG. 8 Global Natural gas Liquids market- Normal Butane, By Production (Kilo barrels/Day)
FIG. 9 Global Natural gas Liquids market- Isobutane, By Production (Kilo barrels/Day)
FIG. 10 Global Natural gas Liquids market- Pentanes Plus, By Production (Kilo barrels/Day)
FIG. 11 U.S. Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 12 Canada Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 13 Mexico Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 14 Norway Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 15 Russia Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 16 U.K Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 17 Netherlands Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 18 Indonesia Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 19 Australia Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 20 India Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 21 Rest of Asia Pacific Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 22 Qatar Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 23 Iran Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 24 Saudi Arabia Iran Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 25 U.A.E Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 26 Rest of Asia Pacific Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 27 Algeria Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 28 Nigeria Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 29 Rest of Africa Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 30 Argentina Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 31 Brazil Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 32 Venezuela Natural gas Liquids market, by Production (Kilo barrels/Day)
FIG. 33 Rest of Latin America Natural gas Liquids market, by Production (Kilo barrels/Day)

List of Tables

TABLE. 1 Global Natural gas Liquids market: Snapshot
TABLE. 2 Global Natural gas Liquids market, By Type, By Production (Kilo barrels/Day)
TABLE. 3 North America Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 4 U.S. Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 5 Canada Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 6 Mexico Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 7 Europe Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 8 Norway Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 9 Russia Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 10 Netherlands Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 11 Asia Pacific Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 12 Indonesia Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 13 Australia Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 14 India Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 15 Rest of Asia Pacific Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 16 Middle East Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 17 Qatar Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 18 Iran Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 19 Saudi Arabia Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 20 U.A.E Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 21 Rest of Middle East Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 22 Africa Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 23 Algeria Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 24 Nigeria Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 25 Rest of Africa Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 26 Latin America Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 27 Argentina Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 28 Brazil Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 29 Venezuela Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024
TABLE. 30 Rest of Latin America Natural gas Liquids market, By Type, By Production (Kilo barrels/Day), 2014−2024

Natural gas liquids are light hydrocarbons composed entirely of carbon and hydrogen molecules. They are dissolved in associated or non?associated natural gas in a hydrocarbon reservoir. The chemical composition of natural gas liquids (NGLs) is similar to molecular composition of natural gas and crude oil. Natural gas liquids are produced within a gas stream. They are utilized in a variety of industries and in different applications. Natural gas liquids are commonly used as inputs/feedstock for petrochemical plants, fuel source for space heat and cooking, and are also blended into vehicle fuel.

The natural gas liquids market is segmented on the basis of type into ethane, propane, normal butane, isobutane, and pentanes plus. The chemical composition of these hydrocarbons is similar, yet their applications vary widely.

Ethane dominates the market with the largest share of natural gas liquid field production. Ethane is most commonly used to produce ethylene. Ethylene is used to manufacture different kinds of plastics. Propane is burned for heating and cooking applications. It is most commonly used as a feedstock for petrochemical industries. A blend of propane and butane, referred to as autogas, is a common fuel in some parts of Europe, Turkey, and Australia. Natural gasoline (pentanes plus) can be blended into various kinds of fuel for combustion engines, and is useful in energy recovery from wells and oil sands. Butane is commonly used as fuel in lighters.

Most natural gas liquids can be removed using an absorption process, which comprises passing mixed gases through a pool of gas-absorbing oil that catches the heavier hydrocarbons but allows methane to move through. However, light hydrocarbons such as ethane are tougher to recover. Small amounts of these light hydrocarbons can be left in natural gas with no ill effects. If larger quantities are present, however, they can be removed using a process called cryogenic expansion.

A cryogenic process takes place at very low temperatures. In cryogenic expansion, a powerful fan blows cooled gas from a narrow pipe into an expansion chamber. This reduces the vapor pressure of the gas, which has the effect of further reducing the gas temperature to approximately -120 F. At this temperature, methane remains a gas while other hydrocarbons transform into liquid and can be removed. The collected natural gas liquids are then separated using another temperature-based process. Each type of hydrocarbon has a unique boiling point – the temperature at which it converts from liquid to vapor. Recovered natural gas liquids pass through a series of progressively warmer chambers, each heated to a temperature that will vaporize a specific hydrocarbon from the remaining liquid. Natural gas liquids are mostly produced by a process called fractionation in gas processing plants. Natural gas liquids can also be processed and produced at refineries. Around 60% of global natural gas liquids are produced at gas processing plants while remaining 40% are processed and produced at refineries.

On the basis of geography, the natural gas liquid market is classified into North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. The Middle East had the largest production of natural gas liquids, followed by North America and Europe in 2015. The U.S., Saudi Arabia, Qatar, Canada, and the UAE were the leading countries in these regions with respect to natural gas liquids production. Europe, Africa, Latin America, and Asia Pacific also had significant natural gas liquids production in 2015. These regions are expected to increase natural gas liquids production during the forecast period owing to rising demand.

Increasing use of natural gas liquids (NGL) in petrochemical applications and growing use of shale gas resources have boosted the production of natural gas liquids across the globe. However, the growth of natural gas liquid market is hampered by increasing use of alternatives of natural gas liquids (NGL) such as naphtha. Decreasing natural gas prices would provide a potential opportunity for the growth of natural gas liquid market in the next few years.

Some of the companies operating in the natural gas liquid market include BP Plc, Chesapeake Energy Corporation, ConocoPhillips Company, Exxon Mobil Corporation, Linn Energy LLC, Range Resources Corporation, Royal Dutch Shell Plc, SM Energy, Statoil ASA, and Swift Energy Company.

natural-gas-liquids-market

 


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