Natural Gas Liquids (NGL) Market Analysis North America, Middle East and Africa, Europe, APAC, South America - US, Iran, Saudi Arabia, China, Russia - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 173 SKU: IRTNTR72835

Natural Gas Liquids (NGLs) Market Forecast 2024-2028

The Natural Gas Liquids (NGL) Market size is forecast to increase by USD 19.62 billion at a CAGR of 6.47% between 2023 and 2028. Increasing demand for natural gas liquids (NGLs) is driven by a variety of factors. Renewable energy demands are growing, prompting a shift towards cleaner-burning fuels like natural gas. Industrial and commercial activities contribute to this demand, utilizing NGLs as feedstock in sectors such as petrochemicals and plastics production.

The rising global population and increased electrification further boost the need for NGLs in electricity generation and transportation, especially in developing countries like India and Brazil. Meanwhile, the expansion of shale gas and oil production, despite requiring infrastructure investment, offers a versatile and flexible source of feedstocks for various industries, strengthening market forecasting.

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Market  Largest-Growing Segments 

Application Segment

The industrial segment is estimated to witness significant growth during the forecast period. NGLs, particularly ethane and propane, are essential feedstocks in the petrochemical industry. They serve as raw materials for the production of various chemicals and plastics, including ethylene, propylene, and butadiene, which are critical building blocks for a wide range of products, from plastics and synthetic rubber to detergents and solvents.

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NGLs are used in the production of synthetic rubber, such as polybutadiene, which is used in tire manufacturing. They are also used as blowing agents in the production of foam plastics. In addition to that, propane and isobutane are used as refrigerants in small-capacity refrigeration systems and air conditioning units, particularly in mobile and portable applications. Propane can be used in industrial metalworking processes as a fuel for cutting, welding, and brazing due to its high heat content. Propane is used in textile manufacturing processes such as heat setting and drying of synthetic fibers. Thus, these factors will drive the growth of the industrial segment, which will boost the growth of the global market during the forecast period.

Market Regional Analysis

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North America is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The market in North America is expected to grow significantly during the forecast period. NGLs are essential feedstocks for the petrochemical industry, which uses them to produce a wide range of chemicals and plastics. The growth of the petrochemical sector, driven by various industries such as automotive, construction, and packaging, has spurred the demand for NGLs.

Moreover, NGLs serve as a transitional fuel as North America shifts towards cleaner energy sources. They are less carbon-intensive than coal and can be replaced in power generation and industrial processes, aiding in reducing greenhouse gas emissions. NGLs are often economically competitive as a fuel source, making them an attractive option for both industrial and residential use, which can have a positive impact on natural gas extraction market growth. Thus, these factors will drive the growth of the NGLs market in North America during the forecast period.

Market Dynamics and Customer Landscape

The Natural Gas Liquids (NGL) Market is shaped by various factors, including the increasing demand for renewable energy, which serves as a driver for sustainable alternatives. However, a notable trend is the rise in shale gas and oil production, contributing to the growth of the NGL market. These NGLs, including butane, isobutane, and ethylene, serve as crucial petrochemicals and refinery feedstock for the chemical and energy sectors.

Challenges arise due to competition with renewable energy sources, prompting the NGL market to innovate and adapt to changing market dynamics. Despite this, NGLs remain essential components in natural gas processing, with fractionation plants and gas pipelines facilitating their transportation. Tanker, rail, and truck transport, along with underground storage, ensure efficient distribution and storage of NGLs. Overall, the NGL market navigates through challenges while capitalizing on trends and drivers to meet the diverse needs of industries reliant on these valuable resources.

Key Market Driver

Increasing renewable energy demand is notably driving market growth. As global energy demand rises, there is a need to diversify energy sources. NGLs, particularly natural gas and its components are considered cleaner-burning fossil fuels compared to coal and oil. In response to environmental concerns and the need for cleaner energy, there is a growing interest in using natural gas and NGLs for power generation, heating, and industrial processes. The increasing energy demand is driven by industrial and commercial activities. NGLs are used as feedstock in various industries, particularly in the petrochemical sector, for the production of plastics, chemicals, and other products. The growth in these industries directly contributes to the demand for NGLs. With the rising global population and increased electrification of various sectors, including transportation and heating, NGLs are used for electricity generation.

Additionally, natural gas-fired power plants are often used to meet peak electricity demand and provide a stable energy supply. NGLs, such as propane and butane, are used as fuels in the transportation sector. Propane, for example, is used for vehicles, including buses and trucks, which can help reduce greenhouse gas emissions. Developing countries such as India and Brazil, with rapidly growing economies, contribute significantly to the increasing energy demand, which results in market expansion. These markets often rely on NGLs and natural gas as a cleaner alternative to traditional energy sources. Thus, increasing energy-demand will boost the global NGLs market during the forecast period.

Significant Market Trends 

The rise in shale gas and oil production is an emerging trend shaping the market growth analysis. Shale formations, such as the Permian Basin in the United States, are rich in NGLs, including ethane, propane, butane, and natural gasoline—the extraction of shale gas and oil results in a substantial amount of associated NGL production. Ethane, one of the primary components of NGLs, is a crucial feedstock for the petrochemical industry, particularly in the production of ethylene. The abundance of ethane from shale production has fueled the expansion of ethane cracker plants, which convert ethane into ethylene, a fundamental building block for plastics and chemicals.

However, the extraction and processing of NGLs from shale require the development of infrastructure such as pipelines, fractionation plants, and storage facilities. Investment in this infrastructure is essential to ensure a reliable supply chain. Shale-derived NGLs provide a versatile and flexible source of feedstocks for the petrochemical industry, allowing it to adapt to changing natural gas liquids market research and growth demands, and consumer preferences. Thus, the rise in shale gas and oil production will strengthen the market forecast of the market in focus during the market growth and forecasting period.

Major Market Challenge

Competition with renewable energy is a significant challenge hindering market growth. The global shift toward renewable energy sources, such as wind, solar, and hydropower, is driven by environmental concerns and the need to reduce carbon emissions. As a result, the demand for fossil fuels, including natural gas and NGLs, in the power generation sector is decreasing. Renewable energy sources are increasingly integrated into electricity grids, displacing the need for natural gas and NGLs in power generation. This trend can lead to lower demand for NGLs in the energy sector. Renewable energy technologies have experienced significant cost reductions, making them more price-competitive with natural gas and NGLs. This makes it more challenging for NGLs to maintain their competitiveness in the energy market.

Moreover, government policies and incentives to promote renewable energy adoption further enhance the competitiveness of clean energy sources. These policies can include tax credits, subsidies, and renewable portfolio standards. Countries such as France, Germany, and the US are setting emission reduction targets as part of their efforts to combat climate change. This often involves a shift away from fossil fuels and an increased focus on renewable energy, which restricts the natural gas liquids market growth. Thus, the competition with renewable-energy will impede the growth of the global market during the forecast period.

Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Major Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

BP Plc- The company offers natural gas liquid products such as Ethane, Propane, Normal Butane, Isobutane, and more.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Canadian Natural Resources Ltd.
  • Chesapeake Energy Corp
  • Chevron Corp.
  • Citizen Energy
  • ConocoPhillips Co.
  • Equinor ASA
  • Exxon Mobil Corp.
  • Nigeria LNG Ltd.
  • Ovintiv Inc.
  • Petroleos de Venezuela SA
  • PJSC LUKOIL
  • PT Pertamina Persero
  • Repsol SA
  • Saudi Arabian Oil Co.
  • Shell plc
  • SilverBow Resources Inc.
  • SM ENERGY
  • TotalEnergies SE
  • Valero Energy Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market is a vital component of the Petroleum Industry, encompassing various stages from NGL Processing to NGL Distribution.

Pentanes, Butylene, and other hydrocarbons derived from Natural Gas Processing serve as crucial Petrochemicals and Refinery Feedstock. With efficient NGL Transportation via Gas Pipelines, Tanker Transport, Truck Transport and Rail Transport, these valuable commodities reach global markets.

NGL Storage solutions, including Underground and Aboveground Storage, ensure supply reliability, while Export Terminals and Import Terminals facilitate international trade.

Market dynamics, including Demand Forecast and Price Trends, drive strategic decisions in NGL Market Analysis. The versatility of NGLs as LPG and Chemical Feedstocks fuels their demand in various industries, including Petrochemical Manufacturing.

Ethane Supply, Propane Production, and Butane Distribution play key roles in meeting market demands, with continuous investments in NGL Infrastructure to enhance production capacity and logistics efficiency.

As a critical link in the energy value chain, the NGLs market continues to evolve, supporting global energy needs and industrial growth.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook
    • Industrial
    • Residential
    • Commercial
  • Product Outlook 
    • Propane
    • Butane
    • Pentane
    • Ethane
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile 
      • Brazil
      • Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Scope

Report Coverage

Details

Page number

173

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.47%

Market growth 2024-2028

USD 19.62 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

6.04

Regional analysis

North America, Middle East and Africa, Europe, APAC, and South America

Performing market contribution

North America at 45%

Key countries

US, Iran, Saudi Arabia, China, and Russia

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

BP Plc, Canadian Natural Resources Ltd., Chesapeake Energy Corp, Chevron Corp., Citizen Energy, ConocoPhillips Co., Equinor ASA, Exxon Mobil Corp., Nigeria LNG Ltd., Ovintiv Inc., Petroleos de Venezuela SA, PJSC LUKOIL, PT Pertamina Persero, Repsol SA, Saudi Arabian Oil Co., Shell plc, SilverBow Resources Inc., SM ENERGY, TotalEnergies SE, and Valero Energy Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across North America, Middle East and Africa, Europe, APAC, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global natural gas liquids (NGLs) market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global natural gas liquids (ngls) market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 Product Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Industrial - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Industrial - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
    • 6.4 Residential - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Residential - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Residential - Year-over-year growth 2023-2028 (%)
    • 6.5 Commercial - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Commercial - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 48: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Product - Market share 2023-2028 (%)
    • 7.2 Comparison by Product
      • Exhibit 50: Chart on Comparison by Product
      • Exhibit 51: Data Table on Comparison by Product
    • 7.3 Propane - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Propane - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Propane - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Propane - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Propane - Year-over-year growth 2023-2028 (%)
    • 7.4 Butane - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Butane - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Butane - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Butane - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Butane - Year-over-year growth 2023-2028 (%)
    • 7.5 Pentane - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Pentane - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Pentane - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Pentane - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Pentane - Year-over-year growth 2023-2028 (%)
    • 7.6 Ethane - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Ethane - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Ethane - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Ethane - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Ethane - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Product
      • Exhibit 68: Market opportunity by Product ($ billion)
      • Exhibit 69: Data Table on Market opportunity by Product ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 APAC - Market size and forecast 2023-2028
      • Exhibit 87: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 Russia - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Russia - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Russia - Year-over-year growth 2023-2028 (%)
    • 9.10 China - Market size and forecast 2023-2028
      • Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.11 Iran - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Iran - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on Iran - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on Iran - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Iran - Year-over-year growth 2023-2028 (%)
    • 9.12 Saudi Arabia - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 BP Plc
              • Exhibit 123: BP Plc - Overview
              • Exhibit 124: BP Plc - Business segments
              • Exhibit 125: BP Plc - Key news
              • Exhibit 126: BP Plc - Key offerings
              • Exhibit 127: BP Plc - Segment focus
            • 12.4 Canadian Natural Resources Ltd.
              • Exhibit 128: Canadian Natural Resources Ltd. - Overview
              • Exhibit 129: Canadian Natural Resources Ltd. - Product / Service
              • Exhibit 130: Canadian Natural Resources Ltd. - Key offerings
            • 12.5 Chesapeake Energy Corp
              • Exhibit 131: Chesapeake Energy Corp - Overview
              • Exhibit 132: Chesapeake Energy Corp - Product / Service
              • Exhibit 133: Chesapeake Energy Corp - Key offerings
            • 12.6 Chevron Corp.
              • Exhibit 134: Chevron Corp. - Overview
              • Exhibit 135: Chevron Corp. - Business segments
              • Exhibit 136: Chevron Corp. - Key news
              • Exhibit 137: Chevron Corp. - Key offerings
              • Exhibit 138: Chevron Corp. - Segment focus
            • 12.7 ConocoPhillips Co.
              • Exhibit 139: ConocoPhillips Co. - Overview
              • Exhibit 140: ConocoPhillips Co. - Business segments
              • Exhibit 141: ConocoPhillips Co. - Key offerings
              • Exhibit 142: ConocoPhillips Co. - Segment focus
            • 12.8 Equinor ASA
              • Exhibit 143: Equinor ASA - Overview
              • Exhibit 144: Equinor ASA - Business segments
              • Exhibit 145: Equinor ASA - Key offerings
              • Exhibit 146: Equinor ASA - Segment focus
            • 12.9 Exxon Mobil Corp.
              • Exhibit 147: Exxon Mobil Corp. - Overview
              • Exhibit 148: Exxon Mobil Corp. - Business segments
              • Exhibit 149: Exxon Mobil Corp. - Key offerings
              • Exhibit 150: Exxon Mobil Corp. - Segment focus
            • 12.10 Nigeria LNG Ltd.
              • Exhibit 151: Nigeria LNG Ltd. - Overview
              • Exhibit 152: Nigeria LNG Ltd. - Product / Service
              • Exhibit 153: Nigeria LNG Ltd. - Key offerings
            • 12.11 Ovintiv Inc.
              • Exhibit 154: Ovintiv Inc. - Overview
              • Exhibit 155: Ovintiv Inc. - Business segments
              • Exhibit 156: Ovintiv Inc. - Key offerings
              • Exhibit 157: Ovintiv Inc. - Segment focus
            • 12.12 Petroleos de Venezuela SA
              • Exhibit 158: Petroleos de Venezuela SA - Overview
              • Exhibit 159: Petroleos de Venezuela SA - Product / Service
              • Exhibit 160: Petroleos de Venezuela SA - Key offerings
            • 12.13 PJSC LUKOIL
              • Exhibit 161: PJSC LUKOIL - Overview
              • Exhibit 162: PJSC LUKOIL - Product / Service
              • Exhibit 163: PJSC LUKOIL - Key offerings
            • 12.14 PT Pertamina Persero
              • Exhibit 164: PT Pertamina Persero - Overview
              • Exhibit 165: PT Pertamina Persero - Business segments
              • Exhibit 166: PT Pertamina Persero - Key offerings
              • Exhibit 167: PT Pertamina Persero - Segment focus
            • 12.15 Saudi Arabian Oil Co.
              • Exhibit 168: Saudi Arabian Oil Co. - Overview
              • Exhibit 169: Saudi Arabian Oil Co. - Product / Service
              • Exhibit 170: Saudi Arabian Oil Co. - Key offerings
            • 12.16 Shell plc
              • Exhibit 171: Shell plc - Overview
              • Exhibit 172: Shell plc - Business segments
              • Exhibit 173: Shell plc - Key offerings
              • Exhibit 174: Shell plc - Segment focus
            • 12.17 Valero Energy Corp.
              • Exhibit 175: Valero Energy Corp. - Overview
              • Exhibit 176: Valero Energy Corp. - Business segments
              • Exhibit 177: Valero Energy Corp. - Key offerings
              • Exhibit 178: Valero Energy Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 179: Inclusions checklist
                • Exhibit 180: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 181: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 182: Research methodology
                • Exhibit 183: Validation techniques employed for market sizing
                • Exhibit 184: Information sources
              • 13.5 List of abbreviations
                • Exhibit 185: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

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              natural gas liquids (ngls) market

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              • What are the factors influencing the growth of the parent market?

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