From row region, Middle East has the largest production of natural gas liquid and holds the largest
share due to presence of huge oil refineries as well as increasing industrialization in countries such
as Saudi Arabia, Iran, UAE and Qatar. Furthermore, North America region is the second largest
producer of natural gas liquid market due to rapid growth in shale gas and increasing investment
by the U.S government for installation of new oil refineries. The North America natural gas liquid
market is anticipated to grow at a highest CAGR rate over the forecast period due rapid boom in
shale gas and increasing residential usage as well as growing petrochemical industries across U.S
And Canada. Moreover, Asia Pacific is also expected to witness a significant growth over the
forecast period due to growth in automotive sector which has led to increase in demand for
natural gas liquids primarily in developing economies such as China, India, Japan and South Korea.
In addition, growth in various industrial sectors such as food, manufacturing and refineries as well
as development in infrastructure will also increase the demand for NGL product in the Asia Pacific
region.
Companies profiled:
The companies covered in the report Include Exxonmobil Corp., Chesapeake Energy Corp., Bp Plc,
Range Resources Corp., Royal Dutch Shell Plc, SM Energy, Conocophillips Company, Swift Energy
Company, Statoil ASA, Linn Energy Llc, Chevron Corp., Canadian Natural Resources Limited,
Anadarko Petroleum Corp., and Alkcon Corp.
Infinium Global Research