Report studies Natural Gas Liquid Market in Global market that focuses on the top Manufacturers, Market Segment by Countries, Split by Product Types (with sales, revenue, price, market share of each type), Split by applications this report focuses on sales, market share and growth rate of Natural Gas Liquid Market in each application.
Though the world is debating the effects of plastics on the environment, the oil and gas sector has projected that plastics and chemicals will record sharp rise in demand and will end up compensating for shrinking demand for gasoline post 2030. Such projections are supported by the increased demand for ethane registered in the petrochemicals industry as ethane is the natural gas liquid feedstock of choice for this particular industry.
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It is being speculated that the global natural gas liquid market will receive immense impetus from the expansion of the plastics industry. In spite of the hue and cry against the use of plastics, according to a report by the International Energy Agency, the demand for plastics has actually doubled since 2000. Oil and gas companies have spent several billion dollars developing petrochemical plants across the globe to meet the growing demand for ethylene, the building block of plastic that comes from ethane.
Low natural gas prices have brought more than 40% of the global ethane-based petrochemical production capacity to the United States. It is notable to mention that U.S. has in the recent years outpaced the Middle East in capacity for petrochemical production due to a surge in natural gas production in the shale fields in the Permian basin and elsewhere. The demand for ethane has been pivotal to the dramatic shift in regional petrochemical production, clearly underlining the future growth potential for the ethane-based natural gas liquid industry.
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Ethane is a key feedstock for petrochemical manufacturing and the U.S. petrochemical industry reacted to increased feedstock accessibility and resultant lower prices of ethane by adding capacity to existing plants. For instance, ExxonMobil plans a $2 billion expansion of its petrochemicals complex located at Baytown, Texas. The expansion is the latest round of extension underway that has mainly been undertaken due to the cheap U.S. natural gas liquids unearthed by the domestic gas shale boom.
Partial Table of Contents (ToC) of the report:
Chapter 4 Natural Gas Liquid Market, By Product
4.1 Natural gas liquid market share by product, 2018 & 2025
4.2.1 Global market from ethane, 2014 – 2025
4.2.2 Global market from ethane, by region, 2014 – 2025
4.3.1 Global market from propane, 2014 – 2025
4.3.2 Global market from propane, by region, 2014 – 2025
4.4.1 Global market from butane, 2014 – 2025
4.4.2 Global market from butane, by region, 2014 – 2025
4.5 Pentane plus
4.5.1 Global market from pentane plus, 2014 – 2025
4.5.2 Global market from pentane plus, by region, 2014 – 2025
Chapter 5 Natural Gas Liquid Market, By Application
5.1 Natural gas liquid market share by application, 2018 & 2025
5.2 Petrochemical feedstock
5.2.1 Global market from petrochemical feedstock, 2014 – 2025
5.2.2 Global market from petrochemical feedstock, by region, 2014 – 2025
5.3 Space heating
5.3.1 Global market from space heating, 2014 – 2025
5.3.2 Global market from space heating, by region, 2014 – 2025
5.4.1 Global market from blendstock, 2014 – 2025
5.4.2 Global market from blendstock, by region, 2014 – 2025
5.5.1 Global market from others, 2014 – 2025
5.5.2 Global market from others, by region, 2014 – 2025
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All of these are natural gas liquid derivatives which are all pervasive and can be found in heating fuels, building materials, car parts, synthetic fabrics, carpeting, snowboards, backpacks, hiking boots and countless other items that are indispensable for the modern world. With the petrochemicals industry on the verge of experiencing a massive push from the shale boom in the U.S., it is only natural that the natural gas liquid market will boast of immense growth prospects over 2019-2025.
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