Natural
gas liquids (NGLs) are hydrocarbons—in a similar
group of molecules like natural gas and crude oil, composed exclusively out of
hydrogen and carbon. Butane, Pentane, propane, Ethane, and isobutane are all
natural gas liquids. There are numerous applications for natural gas liquids,
spreading over about all divisions of the economy. NGLs are useful as
contributions for petrochemical plants, expended for cooking and space heat,
and blended into vehicle fuel. Higher costs of crude oil have added to extended
the expenses of natural gas liquids and, therefore, if stimuli to exhaust in
liquids rich resources with basic NGL content. The concoction composition of
these hydrocarbons is equivalent, yet their applications change for the most
part. Ethane has the largest share of NGL field generation. It is utilized only
to make ethylene, which is then changed into plastics. A huge share of the
propane, by separate, is scorched for heating, regardless of the way that an
extensive whole is useful as petrochemical feedstock.
Get Free Sample of this
Report@: https://www.crystalmarketresearch.com/report-sample/CM11367
Drivers and
Restraints of the market
The key factors
responsible for driving the natural gas liquids market are growing interest
from refineries, extending demand from petrochemical plants and expanding
request from residential and industrial consumers. Other factors responsible
for driving this market are progression in the combustible gas business and the
extending usage of related gas. Petrochemical plants are one of the noteworthy
offers of the market holders in the usage of NGLs products. There has been a
development in demand for natural gas liquid products in the recent years as
these products are used for different applications, for instance, use of
propane as a feedstock for age of ethylene and propylene, which is moreover
processed to produce plastics. Besides, normal butane when mixed with propane
is useful to make ethylene and butadiene, which are furthermore used to create
synthetic rubber. Additionally, with rising
standards of living and environmental issues, the utilization of NGLs products
is on the rise. Butane and Propane is useful domestically for heating, burning,
boiling and cooking, thereby boosting the demand. Propane is useful as a
propellant in shaving creams, aerosol sprays, and air fresheners. Isobutane is useful in refrigerants and in common lighters for
cooking.
Regional and Competitive Outlook
By product the Natural
gas liquids market is segmented into Propane,Isobutane and Ethane. The leading
players in the market are ConocoPhillips,Chesapeake Energy, ExxonMobil,Range
Resources,Royal Dutch Shell and Statoil. Geographically, the market is
segmented into Europe, Asia Pacific, North America and Rest of the world.
Browse
full research report with TOC on "Natural Gas Liquid Market By Product Types
- Global Industry Analysis And Forecast To 2023" at:
https://www.crystalmarketresearch.com/report/natural-gas-liquid-market
The Natural Gas Liquids Market is segmented as follows-
By Product:
- Isobutane
- Ethane
- Propane
- Other Product Types
By Region
- North America
o U.S
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia Pacific
- Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o United Arab Emirates
o Others
About
Crystal Market Research
Crystal Market Research
is a U.S. based market research and business intelligence company. Crystal
offers one stop solution for market research, business intelligence, and
consulting services to help clients make more informed decisions. It provides
both syndicated as well as customized research studies for its customers spread
across the globe. The company offers market intelligence reports across a broad
range of industries including healthcare, chemicals & materials,
technology, automotive, and energy.
Contact
Us:
304 South Jones Blvd,
Suite 1896,
Las Vegas NV 89107,
United States
Toll
Free:
+ 1-888-213-4282
Website:
www.crystalmarketresearch.com
No comments:
Post a Comment