Infinium Global Research Natural Gas Liquids Market | Page 3

Natural Gas Liquids Market: Global Industry Analysis, Trends, Market Size and Forecasts up
to 2023
Introduction
Report Description
The Global Natural Gas Liquids Market was sized near USD xx.x billion in 2016. The global
Natural Gas Liquids Market is projected to grow with a CAGR of 6.7% during 2017-2023.
Natural gas is a fossil fuel that forms when animal or plant remains are exposed for thousands
of years to extremely high pressure and heat. Natural gas liquids are hydrocarbons that have
condensed from the natural gas gaseous state into a liquid state. Natural gas liquids include
ethane, propane, butane, ISO-butane and pentane. Furthermore, natural gas liquids (NGL’S)
are used for a wide range of commercial and industrial purposes such as petrochemical
feedstock, heating, cooking and vehicle fuel. NGL’S can also be produced in oil refineries
alongside diesel and other fuels.
This report estimates the market size of natural gas liquids market in terms of value (USD
million) and volume (000’barrels) over the period of 2015 to 2023.The year 2015 is
considered to be a base year, and 2017 to 2023 is considered to be a forecast period.
Moreover, the market sizes for natural gas liquids market by product type is estimated in
terms of value. This market research study provides detailed qualitative and quantitative
analysis of the global Natural Gas Liquids Market. Additionally, the report provides a
comprehensive review of the major market drivers, restraints, opportunities in the global as
well as regional markets of Natural Gas Liquids Market. The market analysis covers major
geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW).
The market size and forecasts are also given for these regions. Countries with major market
revenues are covered for each of the region.
Furthermore, this report provides insights into the market using analytical tools such as
Porter’s five forces analysis and DRO analysis of natural gas liquids market. Moreover, the
study highlights current market trends and provides forecast from 2017 to 2023. We also
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