Infinium Global Research Natural Gas Liquids Market | Page 10

Natural Gas Liquids Market: Global Industry Analysis, Trends, Market Size and Forecasts up
to 2023
GLOBAL NATURAL GAS LIQUIDS MARKET, CAGR (USD MN) GROWTH BY REGIONS (2017 –
2023)
xxx.x
xxx.x
2017
2023
xxx.x
xxx.x
xxx.x
xxx.x
2017
2023
2017
2023
The report provides regional analysis covering geographies such as North America, Europe,
Asia-Pacific, and Rest of the World. In this section the key trends and market size for each
geography is provided over the period of 2017 – 2023.
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
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