Natural gas liquids are hydrocarbons in the same family of molecules as crude oil and natural gas, composed exclusively of hydrogen and carbon. Natural gas liquids such as butane, propane, ethane, and isobutene have gained popularity in the petrochemical industry owing to its wide range of applications that boosting demand for the natural gas liquids market. Increasing demand from refineries and high demand from industrial and residential consumers are driving the growth of the natural gas liquids market.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 – https://www.theinsightpartners.com/sample/TIPRE00007834/
Increasing demand for space heating owing to its rapidly changing climate condition are propelling the growth of the market. Rising demand for natural gas liquids in rubber production and plastics production applications is also boosting demand for the natural gas liquids market. However, the huge cost of handling, transportation, and storage of natural gas liquids may hamper the growth of the market. The increasing investments toward the petrochemical industry also surge in the consumption of products for heating, cooking, burning is expected to drive the growth of the natural gas liquids market.
Key Player
- BP PLC
- Chesapeake Energy Corp.
- ConocoPhillips
- Exxon Mobil Corp
- Linn Energy LLC
- Range Resources Corporation
- Royal Dutch Shell PLC
- SM Energy
- Statoil ASA
- Swift Energy Company