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Natural Gas Liquids Market to Reach 11,468 kilo barrels/day, Globally, by 2022

Read more: https://www.alliedmarketresearch.com/natural-gas-liquids-market<br>Increase in demand for petrochemical plants, refineries, and residential and industrial sectors are the major factors fueling the growth of the natural gas and liquid market.

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Natural Gas Liquids Market to Reach 11,468 kilo barrels/day, Globally, by 2022

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  1. Natural Gas Liquids Market Opportunities and Forecasts, 2014- 2022 Natural Gas Liquids Market by Product Type (Ethane, Propane, Isobutane, and Others)

  2. Current and Future Market Scenario • Global Natural Gas Liquids Market is expected to reach 11,468 kilo barrels/day by 2022, states Allied Market Research. • Global Natural Gas Liquids Market will grow at a prominent CAGR of 6.67 % from 2014 to 2022. • Asia-Pacific is expected to be the fastest growing market for natural gas liquids, which is anticipated to grow at a CAGR of 7.82% during the projection tenure. • Ethane occupied more than two-fifths of the total share, in terms of volume. • The natural gas liquids market holds a substantial scope for growth. Natural Gas Liquids Market

  3. Market Segments Natural Gas Liquids Market

  4. Factors Contributing to Market Growth • Increase in demand for petrochemical plants, refineries, and residential and industrial sectors are the major factors fueling the growth of the natural gas and liquid market. • The rise in energy demand has escalated the growth of natural liquids market  • Other factors that contribute to market growth are: • Increasing demand from petrochemical plants. • Increasing demand from refineries. • High demand from industrial and residential consumers Natural Gas Liquids Market

  5. Australia Natural Gas Liquids Market Size China and India are the countries whose demand has increased at an unexpected rate and in the future the natural gas liquids market can be a big market in these countries, while the natural gas liquids market in Australia is expected to grow at a CAGR of 7.81% during the forecast period. Natural Gas Liquids Market

  6. Region Overview • The European natural gas liquid market for propane is likely to achieve a CAGR of 6.60% from 2016 to 2022. • In 2015, North America dominated the market with more than two-fifths of the total share by geography. • The U.S. market for natural gas liquids is anticipated to expand at a CAGR of 6.16% during the forecast period. • Asia-Pacific occupied approximately one-fifth of the total share by volume in 2015 Natural Gas Liquids Market

  7. Leading Players • Eminent market players in this sector include Royal Dutch Shell Plc., Chesapeake Energy Corporation, ConocoPhillips Company, SM Energy, Exxon Mobil Corporation, BP Plc, Range Resources Corporation, Statoil ASA, Swift Energy Company, and Linn Energy LLC. Natural Gas Liquids Market

  8. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/natural-gas-liquids-market Follow Us On

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