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PUBLISHER: Grand View Research | PRODUCT CODE: 1701553
PUBLISHER: Grand View Research | PRODUCT CODE: 1701553
Natural Gas Liquids Market Size, Share & Trends Analysis Report By Application (Industrial, Commercial, Residential), By Product (Ethane, Propane, Isobutene, Natural Gasoline), By Region, And Segment Forecasts, 2025 - 2030
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PAGES: 150 Pages
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Natural Gas Liquids Market Growth and Trends:
The global natural gas liquids market size is anticipated to reach USD 21.59 billion by 2030 and is anticipated to grow at a CAGR of 5.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is driven by the increasing demand for NGLs as feedstocks in the petrochemical industry, particularly for the production of ethylene, propylene, and butadiene, which are essential for manufacturing plastics, synthetic rubber, and other chemical products. The rapid expansion of the petrochemical sector, especially in regions like Asia-Pacific and the Middle East, is a key factor fueling market growth. Additionally, the growing use of NGLs in residential and commercial heating, as well as in transportation fuels, is contributing to the rising demand.
The shale gas boom in North America has significantly boosted NGL production, as these liquids are often extracted alongside natural gas. This has led to increased supply and lower prices, making NGLs an attractive option for various industries. The development of new infrastructure, such as pipelines, fractionation plants, and export terminals, is further supporting the growth of the NGL market by improving the efficiency of production, processing, and distribution. Government initiatives aimed at reducing carbon emissions and promoting cleaner energy sources are also driving the adoption of NGLs, as they are considered a more environmentally friendly alternative to traditional fossil fuels.
Industries such as petrochemicals, refining, and energy rely heavily on NGLs to meet their feedstock and fuel requirements. The versatility of NGLs, which can be used as raw materials for a wide range of products, makes them a critical component of the global energy and chemical supply chains. Furthermore, the increasing focus on energy security and the need for diversified energy sources are driving the demand for NGLs. Stringent environmental regulations and the push for energy efficiency are also encouraging the adoption of advanced NGL-based solutions, such as low-emission fuels and cleaner chemical processes. These factors, combined with the growing emphasis on sustainability and energy transition, underscore the increasing importance of natural gas liquids in supporting modern industrial and commercial operations.
Natural Gas Liquids Market Report Highlights:
- Based on application, industrial segment held a revenue share of around 47% of the global market in 2024.
- Based on product, the ethane segment holds the largest revenue of about 37% in 2024, driven by its critical role as a feedstock for ethylene production in the petrochemical industry. The growing demand for plastics and packaging materials, coupled with abundant ethane supply from shale gas production, reinforces its dominance. This positions ethane as a key driver of growth in the NGL market.
- Based on region, Asia Pacific is the dominant region for the natural gas liquids market with a revenue share of over 54.0%. This dominance is driven by rapid industrialization and the expanding petrochemical sector. The region's growing demand for plastics, fertilizers, and other NGL-derived products further solidifies its leading position. Additionally, increasing investments in infrastructure and energy projects across emerging economies like China and India contribute to this dominance.
Product Code: GVR-4-68040-533-8
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Materials & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2024
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Natural Gas Liquids Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Profit Margin Analysis of Key Value Chain Participants
- 3.2.2. Raw Material Trends
- 3.2.3. Raw Material Price Analysis
- 3.3. Technology Overview/ Timeline
- 3.4. Analysis of Potential Substitute Material
- 3.5. Impact of Circular Economy
- 3.6. Average Price Trend Analysis, 2018 to 2030
- 3.7. Supply Demand Gap Analysis
- 3.8. Regulatory Framework
- 3.8.1. Standard & Compliance
- 3.8.2. Safety
- 3.9. Supplier Market Intelligence
- 3.9.1. Kraljic Matrix (Portfolio Analysis)
- 3.10. Market Dynamics
- 3.10.1. Market Driver Analysis
- 3.10.2. Market Restraint Analysis
- 3.10.3. Market Challenges Analysis
- 3.10.4. Market Opportunity Analysis
- 3.11. Business Environment Analysis
- 3.11.1. Industry Analysis - Porter's
- 3.11.1.1. Supplier Power
- 3.11.1.2. Buyer Power
- 3.11.1.3. Substitution Threat
- 3.11.1.4. Threat from New Entrant
- 3.11.1.5. Competitive Rivalry
- 3.11.2. PESTEL Analysis
- 3.11.2.1. Political Landscape
- 3.11.2.2. Environmental Landscape
- 3.11.2.3. Social Landscape
- 3.11.2.4. Technology Landscape
- 3.11.2.5. Economic Landscape
- 3.11.2.6. Legal Landscape
- 3.11.1. Industry Analysis - Porter's
- 3.12. Looming Inflation Concerns & Economic Slowdown and Their Impact on Market
- 3.13. Eastern European Geopolitical Implications
Chapter 4. Natural Gas Liquids Market: Application Estimates & Trend Analysis
- 4.1. Application Movement Analysis & Market Share, 2024 & 2030
- 4.2. Industrial
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Commercial
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Residential
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Natural Gas Liquids Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2024 & 2030
- 5.2. Ethane
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Propane
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Isobutene
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5. Natural Gasoline
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Natural Gas Liquids Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Movement Analysis & Market Share, 2024 & 2030
- 6.3. North America
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2. U.S.
- 6.3.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Canada
- 6.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.4. Mexico
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4. Europe
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Germany
- 6.4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.3. UK
- 6.4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.4. France
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.5. Italy
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.6. Spain
- 6.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.7. Russia
- 6.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.2. China
- 6.5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.3. India
- 6.5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.4. Japan
- 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.5. Australia
- 6.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6. Central & South America
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Brazil
- 6.6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.3. Argentina
- 6.6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7.2. UAE
- 6.7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7.3. Saudi Arabia
- 6.7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7.4. South Africa
- 6.7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Key Global Players & Recent Developments & Their Impact on the Industry
- 7.2. Vendor Landscape
- 7.2.1. Key Company/Competition Categorization
- 7.2.2. List of key Raw Material Distributors and Channel Partners
- 7.3. List of Potential Customers
- 7.4. Company Market Share & Position Analysis, 2024
- 7.5. Company Heat Map Analysis
- 7.6. Strategy Mapping
- 7.6.1. Expansion
- 7.6.2. Collaboration/ Partnerships/ Agreements
- 7.6.3. New Material launches
- 7.6.4. Mergers & Acquisitions
- 7.6.5. Research & Development
- 7.6.6. Others
- 7.7. SWOT Analysis
Chapter 8. Company Listing / Profiles
- 8.1. ExxonMobil Corporation
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.2. Chevron Corporation
- 8.3. Royal Dutch Shell plc
- 8.4. BP plc
- 8.5. ConocoPhillips
- 8.6. TotalEnergies SE
- 8.7. Enterprise Products Partners LP
- 8.8. Eni S.p.A.
- 8.9. Occidental Petroleum Corporation
- 8.10. Saudi Aramco
- 8.11. Gazprom
- 8.12. Phillips 66
- 8.13. ONEOK, Inc.
- 8.14. Qatar Petroleum
- 8.15. Williams Companies, Inc.
Chapter 9. Strategic Recommendations/ Analyst Perspective
Product Code: GVR-4-68040-533-8
List of Tables
- Table 1. Natural Gas Liquids Market estimates and forecasts by Application, 2018 - 2030 (USD Million)
- Table 2. Natural Gas Liquids Market estimates and forecasts in Industrial, 2018 - 2030 (USD Million)
- Table 3. Natural Gas Liquids Market estimates and forecasts in Commercial, 2018 - 2030 (USD Million)
- Table 4. Natural Gas Liquids Market estimates and forecasts in Residential, 2018 - 2030 (USD Million)
- Table 5. Natural Gas Liquids Market estimates and forecasts by Product, 2018 - 2030 (USD Million)
- Table 6. Natural Gas Liquids Market estimates and forecasts in Ethane, 2018 - 2030 (USD Million)
- Table 7. Natural Gas Liquids Market estimates and forecasts in Propane, 2018 - 2030 (USD Million)
- Table 8. Natural Gas Liquids Market estimates and forecasts in Isobutene, 2018 - 2030 (USD Million)
- Table 9. Natural Gas Liquids Market estimates and forecasts in Natural Gasoline, 2018 - 2030 (USD Million)
- Table 10. North America Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 11. North America Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 12. U.S. Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 13. U.S. Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 14. U.S. Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 15. Canada Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 16. Canada Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 17. Canada Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 18. Mexico Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 19. Mexico Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 20. Mexico Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 21. Europe Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 22. Europe Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 23. Europe Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 24. Germany Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 25. Germany Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 26. Germany Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 27. UK Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 28. UK Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 29. UK Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 30. France Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 31. France Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 32. France Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 33. Italy Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 34. Italy Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 35. Italy Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 36. Asia Pacific Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 37. Asia Pacific Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 38. Asia Pacific Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 39. China Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 40. China Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 41. China Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 42. India Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 43. India Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 44. India Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 45. Japan Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 46. Japan Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 47. Japan Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 48. South Korea Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 49. South Korea Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 50. South Korea Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 51. Australia Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 52. Australia Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 53. Australia Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 54. Central & South America Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 55. Central & South America Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 56. Central & South America Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 57. Brazil Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 58. Brazil Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 59. Brazil Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 60. Argentina Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 61. Argentina Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 62. Argentina Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 63. Middle East & Africa Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 64. Middle East & Africa Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 65. Middle East & Africa Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 66. Saudi Arabia Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 67. Saudi Arabia Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 68. Saudi Arabia Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 69. South Africa Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 70. South Africa Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 71. South Africa Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 72. UAE Natural Gas Liquids Market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 73. UAE Natural Gas Liquids Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 74. UAE Natural Gas Liquids Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Market snapshot
- Fig. 6 Segmental outlook
- Fig. 7 Competitive outlook
- Fig. 8 Value chain analysis
- Fig. 9 Market dynamics
- Fig. 10 Porter's Analysis
- Fig. 11 PESTEL Analysis
- Fig. 12 Natural Gas Liquids Market, by Application: Key takeaways
- Fig. 13 Natural Gas Liquids Market, by Application: Market share, 2024 & 2030
- Fig. 14 Natural Gas Liquids Market, by Product: Key takeaways
- Fig. 15 Natural Gas Liquids Market, by Product: Market share, 2024 & 2030
- Fig. 16 Natural Gas Liquids Market, by region: Key takeaways
- Fig. 17 Natural Gas Liquids Market, by region: Market share, 2024 & 2030
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