The global natural gas market was valued at $300.4 trillion in 2021, and is projected to reach $424.7 trillion by 2031, growing at a CAGR of 3.4% from 2022 to 2031.
Natural gas is a mixture of gaseous hydrocarbons that commonly occurs in deep underground reservoirs of porous rocks encased in impervious strata. It is a combination of various hydrocarbons such as methane, ethane, propane, butane, pentane, and other impurities including hydrogen sulfide, carbon dioxide, nitrogen, and water. Natural gas finds a wide range of applications in the field of industrial, residential, commercial, and other applications. However, natural gas burns cleanly and produces fewer potentially dangerous byproducts in the air compared to other fossil fuels.
The increase in infrastructural developments, interdependencies on electricity and gas, as well as the rise in transportation worldwide, along with the growing food industry, metallurgic industry, etc. across the globe are the major drivers that boost the growth of the global natural gas market. Suge in significant investment by major players in industrial facilities is projected to drive the growth of the natural gas market in the coming years. Moreover, government initiatives & investments toward different industrial projects and the power generation industries are expected to create opportunities for key players that operate in the market during the forecast period.
The natural gas market is segmented based on type, application, and region. By type, the market is classified into methane, ethane, propane, and others. By application, it is divided into industrial, electric power, transport, residential, commercial, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America Middle East & Africa).
The global natural gas market covers in-depth information about the participants of the major natural gas industry. Some major natural gas market players include Royal Dutch Shell Plc, Exxon Mobil, Gazprom Neft, Chevron Corporation, Total, Statoil, Lukoil, British Petroleum, and others.
Other players that operate in the value chain of the global natural gas market include Oil and Natural Gas Corporation, Black Diamond Energy Inc., G3 Exploration, IGas Energy, China National Offshore Oil Company, China National Petroleum Corporation, BP PLC, TLOU Energy Ltd, and others.
Key players have adopted numerous strategies such as product launches, agreements, partnerships, acquisitions, and business expansion to stay competitive in the natural gas market.
The natural gas market is analyzed and estimated by the impacts of drivers, restraints, and opportunities. The period studied in this report is 2021-2031. The report includes a study of the natural gas market concerning growth prospects and restraints based on regional analysis. The study includes Porter's five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the natural gas market analysis from 2021 to 2031 to identify the prevailing natural gas market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the natural gas market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global natural gas market trends, key players, market segments, application areas, and market growth strategies
Key Market Segments
By Type
- Methane
- Ethane
- Propane
- Others
By Application
- Industrial
- Electric Power
- Transportation
- Residential
- Commercial
- Others
By Region
- North America
- Europe
- Russia
- Germany
- Italy
- UK
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Iran
- Brazil
- Saudi Arabia
- South Africa
- Rest of Latin America
- Key Market Players
- ConocoPhillips
- Chevron Corporation
- Exxon Mobil Corporation
- Eni
- General Electric
- GAZPROM NEFT PJSC
- Lukoil
- Occidental Petroleum Corporation
- Shell Plc.
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
- 3.7.Patent Landscape
- 3.8.Value Chain Analysis
CHAPTER 4: NATURAL GAS MARKET, BY TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Methane
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
- 4.3 Ethane
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
- 4.4 Propane
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market share analysis by country
- 4.5 Others
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market share analysis by country
CHAPTER 5: NATURAL GAS MARKET, BY APPLICATION
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Industrial
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
- 5.3 Electric Power
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country
- 5.4 Transportation
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market share analysis by country
- 5.5 Residential
- 5.5.1 Key market trends, growth factors and opportunities
- 5.5.2 Market size and forecast, by region
- 5.5.3 Market share analysis by country
- 5.6 Commercial
- 5.6.1 Key market trends, growth factors and opportunities
- 5.6.2 Market size and forecast, by region
- 5.6.3 Market share analysis by country
- 5.7 Others
- 5.7.1 Key market trends, growth factors and opportunities
- 5.7.2 Market size and forecast, by region
- 5.7.3 Market share analysis by country
CHAPTER 6: NATURAL GAS MARKET, BY REGION
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 North America
- 6.2.1 Key trends and opportunities
- 6.2.2 North America Market size and forecast, by Type
- 6.2.3 North America Market size and forecast, by Application
- 6.2.4 North America Market size and forecast, by country
- 6.2.4.1 U.S.
- 6.2.4.1.1 Key market trends, growth factors and opportunities
- 6.2.4.1.2 Market size and forecast, by Type
- 6.2.4.1.3 Market size and forecast, by Application
- 6.2.4.2 Canada
- 6.2.4.2.1 Key market trends, growth factors and opportunities
- 6.2.4.2.2 Market size and forecast, by Type
- 6.2.4.2.3 Market size and forecast, by Application
- 6.2.4.3 Mexico
- 6.2.4.3.1 Key market trends, growth factors and opportunities
- 6.2.4.3.2 Market size and forecast, by Type
- 6.2.4.3.3 Market size and forecast, by Application
- 6.3 Europe
- 6.3.1 Key trends and opportunities
- 6.3.2 Europe Market size and forecast, by Type
- 6.3.3 Europe Market size and forecast, by Application
- 6.3.4 Europe Market size and forecast, by country
- 6.3.4.1 Russia
- 6.3.4.1.1 Key market trends, growth factors and opportunities
- 6.3.4.1.2 Market size and forecast, by Type
- 6.3.4.1.3 Market size and forecast, by Application
- 6.3.4.2 Germany
- 6.3.4.2.1 Key market trends, growth factors and opportunities
- 6.3.4.2.2 Market size and forecast, by Type
- 6.3.4.2.3 Market size and forecast, by Application
- 6.3.4.3 Italy
- 6.3.4.3.1 Key market trends, growth factors and opportunities
- 6.3.4.3.2 Market size and forecast, by Type
- 6.3.4.3.3 Market size and forecast, by Application
- 6.3.4.4 UK
- 6.3.4.4.1 Key market trends, growth factors and opportunities
- 6.3.4.4.2 Market size and forecast, by Type
- 6.3.4.4.3 Market size and forecast, by Application
- 6.3.4.5 Netherlands
- 6.3.4.5.1 Key market trends, growth factors and opportunities
- 6.3.4.5.2 Market size and forecast, by Type
- 6.3.4.5.3 Market size and forecast, by Application
- 6.3.4.6 Rest of Europe
- 6.3.4.6.1 Key market trends, growth factors and opportunities
- 6.3.4.6.2 Market size and forecast, by Type
- 6.3.4.6.3 Market size and forecast, by Application
- 6.4 Asia-Pacific
- 6.4.1 Key trends and opportunities
- 6.4.2 Asia-Pacific Market size and forecast, by Type
- 6.4.3 Asia-Pacific Market size and forecast, by Application
- 6.4.4 Asia-Pacific Market size and forecast, by country
- 6.4.4.1 China
- 6.4.4.1.1 Key market trends, growth factors and opportunities
- 6.4.4.1.2 Market size and forecast, by Type
- 6.4.4.1.3 Market size and forecast, by Application
- 6.4.4.2 Japan
- 6.4.4.2.1 Key market trends, growth factors and opportunities
- 6.4.4.2.2 Market size and forecast, by Type
- 6.4.4.2.3 Market size and forecast, by Application
- 6.4.4.3 India
- 6.4.4.3.1 Key market trends, growth factors and opportunities
- 6.4.4.3.2 Market size and forecast, by Type
- 6.4.4.3.3 Market size and forecast, by Application
- 6.4.4.4 South Korea
- 6.4.4.4.1 Key market trends, growth factors and opportunities
- 6.4.4.4.2 Market size and forecast, by Type
- 6.4.4.4.3 Market size and forecast, by Application
- 6.4.4.5 Australia
- 6.4.4.5.1 Key market trends, growth factors and opportunities
- 6.4.4.5.2 Market size and forecast, by Type
- 6.4.4.5.3 Market size and forecast, by Application
- 6.4.4.6 Thailand
- 6.4.4.6.1 Key market trends, growth factors and opportunities
- 6.4.4.6.2 Market size and forecast, by Type
- 6.4.4.6.3 Market size and forecast, by Application
- 6.4.4.7 Malaysia
- 6.4.4.7.1 Key market trends, growth factors and opportunities
- 6.4.4.7.2 Market size and forecast, by Type
- 6.4.4.7.3 Market size and forecast, by Application
- 6.4.4.8 Indonesia
- 6.4.4.8.1 Key market trends, growth factors and opportunities
- 6.4.4.8.2 Market size and forecast, by Type
- 6.4.4.8.3 Market size and forecast, by Application
- 6.4.4.9 Rest of Asia-Pacific
- 6.4.4.9.1 Key market trends, growth factors and opportunities
- 6.4.4.9.2 Market size and forecast, by Type
- 6.4.4.9.3 Market size and forecast, by Application
- 6.5 LAMEA
- 6.5.1 Key trends and opportunities
- 6.5.2 LAMEA Market size and forecast, by Type
- 6.5.3 LAMEA Market size and forecast, by Application
- 6.5.4 LAMEA Market size and forecast, by country
- 6.5.4.1 Iran
- 6.5.4.1.1 Key market trends, growth factors and opportunities
- 6.5.4.1.2 Market size and forecast, by Type
- 6.5.4.1.3 Market size and forecast, by Application
- 6.5.4.2 Brazil
- 6.5.4.2.1 Key market trends, growth factors and opportunities
- 6.5.4.2.2 Market size and forecast, by Type
- 6.5.4.2.3 Market size and forecast, by Application
- 6.5.4.3 Saudi Arabia
- 6.5.4.3.1 Key market trends, growth factors and opportunities
- 6.5.4.3.2 Market size and forecast, by Type
- 6.5.4.3.3 Market size and forecast, by Application
- 6.5.4.4 South Africa
- 6.5.4.4.1 Key market trends, growth factors and opportunities
- 6.5.4.4.2 Market size and forecast, by Type
- 6.5.4.4.3 Market size and forecast, by Application
- 6.5.4.5 Rest of Latin America
- 6.5.4.5.1 Key market trends, growth factors and opportunities
- 6.5.4.5.2 Market size and forecast, by Type
- 6.5.4.5.3 Market size and forecast, by Application
CHAPTER 7: COMPANY LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Key developments
CHAPTER 8: COMPANY PROFILES
- 8.1 ConocoPhillips
- 8.1.1 Company overview
- 8.1.2 Company snapshot
- 8.1.3 Operating business segments
- 8.1.4 Product portfolio
- 8.1.5 Business performance
- 8.1.6 Key strategic moves and developments
- 8.2 Chevron Corporation
- 8.2.1 Company overview
- 8.2.2 Company snapshot
- 8.2.3 Operating business segments
- 8.2.4 Product portfolio
- 8.2.5 Business performance
- 8.2.6 Key strategic moves and developments
- 8.3 Exxon Mobil Corporation
- 8.3.1 Company overview
- 8.3.2 Company snapshot
- 8.3.3 Operating business segments
- 8.3.4 Product portfolio
- 8.3.5 Business performance
- 8.3.6 Key strategic moves and developments
- 8.4 Eni
- 8.4.1 Company overview
- 8.4.2 Company snapshot
- 8.4.3 Operating business segments
- 8.4.4 Product portfolio
- 8.4.5 Business performance
- 8.4.6 Key strategic moves and developments
- 8.5 General Electric
- 8.5.1 Company overview
- 8.5.2 Company snapshot
- 8.5.3 Operating business segments
- 8.5.4 Product portfolio
- 8.5.5 Business performance
- 8.5.6 Key strategic moves and developments
- 8.6 GAZPROM NEFT PJSC
- 8.6.1 Company overview
- 8.6.2 Company snapshot
- 8.6.3 Operating business segments
- 8.6.4 Product portfolio
- 8.6.5 Business performance
- 8.6.6 Key strategic moves and developments
- 8.7 Lukoil
- 8.7.1 Company overview
- 8.7.2 Company snapshot
- 8.7.3 Operating business segments
- 8.7.4 Product portfolio
- 8.7.5 Business performance
- 8.7.6 Key strategic moves and developments
- 8.8 Occidental Petroleum Corporation
- 8.8.1 Company overview
- 8.8.2 Company snapshot
- 8.8.3 Operating business segments
- 8.8.4 Product portfolio
- 8.8.5 Business performance
- 8.8.6 Key strategic moves and developments
- 8.9 Shell Plc.
- 8.9.1 Company overview
- 8.9.2 Company snapshot
- 8.9.3 Operating business segments
- 8.9.4 Product portfolio
- 8.9.5 Business performance
- 8.9.6 Key strategic moves and developments