Natural Gas Liquid Market Projected to Grow at a Steady Pace During 2023-2028

Stratview Research delivers key insights into the Natural Gas Liquid Market. According to Stratview Research, the market is segmented by Product Type (Ethane, Propane, Butane, and Pentane Plus), Application Type (Petrochemical Feedstock, Space Heating, Blendstock, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Market Insights
The report suggests that the overall Natural Gas Liquid Market is estimated to grow from USD 8.3 billion in 2022 to USD 12.73 billion by 2028 at a CAGR of 7.20% during the forecast period.
Market Segments' Analysis
Application Trends
The market is bifurcated into petrochemical feedstock, space heating, blendstock, and others. Petrochemical feedstock held a market share of more than 45% in 2022 & is estimated to be the largest share of the market during the forecast period.
Regional Analysis
North America is estimated to be the leading region in the market during the forecast period with the U.S. being the growth engine of the region.
Key Players
The following are some of the key players in the automotive ac compressor market:
• Eni S.p.A.
• Exxon Mobil Corporation
• Gazprom
• Petrobras
• Range Resources Corporation
• Riveria Resources, Inc.
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for the natural gas liquid market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share of the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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