천연가스액(NGL) 시장 규모, 점유율, 성장 분석 : 제품 유형별, 용도별, 최종 사용자별, 밸류체인 기능별 및 지역별 예측(2026-2033년)

Global Natural Gas Liquids Market size was valued at USD 15.1 billion in 2024 and is poised to grow from USD 15.92 billion in 2025 to USD 24.24 billion by 2033, growing at a CAGR of 5.4% during the forecast period (2026-2033).

The global natural gas liquids (NGL) market is experiencing significant growth driven by various industrial applications, particularly as feedstock in the petrochemical sector, which includes heating and transportation. The surge in shale gas production, especially in North America, has elevated NGL volumes, establishing them as crucial energy components. There is a rising demand for petrochemical products like plastics and chemicals, which propels the need for specific NGLs, such as ethane, propane, and butane. Additionally, many governments and corporations are increasingly substituting NGLs for fossil fuels due to their cleaner and more efficient nature. This shift is further supported by stringent environmental regulations focused on reducing carbon emissions and promoting renewable energy utilization, enhancing the overall demand for NGLs globally.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Natural Gas Liquids market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Natural Gas Liquids Market Segments Analysis

Global Natural Gas Liquids Market is segmented by Product Type, Application, End User, Value Chain Function and region. Based on Product Type, the market is segmented into Ethane, Propane, Butane (Normal & Isobutane), Natural Gasoline and Pentanes Plus. Based on Application, the market is segmented into Petrochemical Feedstock, Fuel, Industrial Use, Residential & Commercial and Others. Based on End User, the market is segmented into Petrochemical Industry, Energy & Power Generation, Residential & Commercial Consumers, Transportation Sector and Industrial Operations. Based on Value Chain Function, the market is segmented into Production & Extraction, Fractionation & Processing, Transportation & Storage, Distribution and Retail Sales. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Natural Gas Liquids Market

The Global Natural Gas Liquids (NGLs) market is experiencing significant growth, particularly in the consumption of ethane and propane. This surge is largely attributed to the rising need for ethylene and propylene, which are integral to the production of chemicals, plastics, and synthetic textiles. As such, NGLs have become crucial feedstocks, particularly with the rapid increase in petrochemical capacity in regions like the Middle East and Asia-Pacific. Substantial investments in steam cracker projects in countries such as China and India are transforming the dynamics of ethane and propane supply in these areas, indicating that the expansion of the petrochemical industry will greatly shape the future of the natural gas liquids market.

Restraints in the Global Natural Gas Liquids Market

The Global Natural Gas Liquids market faces significant challenges due to the unpredictability of revenue streams, which hampers producers' capacity to make effective business plans. This market is highly sensitive to price fluctuations in natural gas and crude oil, leading to further instability. Regions, particularly in Asia and Europe, that depend heavily on imports from the Middle East or the United States experience vulnerabilities related to trade restrictions, shipping delays, and geopolitical tensions. This reliance on external sources complicates long-term market growth and undermines price stability, ultimately affecting the ability of nations to secure essential supplies.

Market Trends of the Global Natural Gas Liquids Market

The Global Natural Gas Liquids (NGL) market is witnessing a significant transformation driven by the growing prominence of the U.S. as a major exporter and the globalization of NGL trading. The establishment of new infrastructure, such as fractionation plants and export terminals, exemplifies the industry's focus on enhancing export capabilities and fostering international trade. This trend not only increases global connectivity but also facilitates a robust NGL trading network, allowing for more diversified supply routes and market access. As a result, stakeholders are positioned to capitalize on emerging opportunities, indicating a dynamic future for the NGL market on the global stage.

Table of Contents

Introduction

• Objectives of the Study
• Market Definition & Scope

Research Methodology

• Research Process
• Secondary & Primary Data Methods
• Market Size Estimation Methods

Executive Summary

• Global Market Outlook
• Key Market Highlights
• Segmental Overview
• Competition Overview

Market Dynamics & Outlook

• Macro-Economic Indicators
• Drivers & Opportunities
• Restraints & Challenges
• Supply Side Trends
• Demand Side Trends
• Porters Analysis & Impact
  • Competitive Rivalry
  • Threat of Substitute
  • Bargaining Power of Buyers
  • Threat of New Entrants
  • Bargaining Power of Suppliers

Key Market Insights

• Key Success Factors
• Market Impacting Factors
• Top Investment Pockets
• Ecosystem Mapping
• Market Attractiveness Index, 2025
• PESTEL Analysis
• Value Chain Analysis
• Pricing Analysis
• Case Studies
• Regulatory Landscape
• Technology Assessment
• Technology Assessment
• Regulatory Landscape

Global Natural Gas Liquids Market Size by Product Type & CAGR (2026-2033)

• Market Overview
• Ethane
• Propane
• Butane (Normal & Isobutane)
• Natural Gasoline
• Pentanes Plus

Global Natural Gas Liquids Market Size by Application & CAGR (2026-2033)

• Market Overview
• Petrochemical Feedstock
• Fuel
• Industrial Use
• Residential & Commercial
• Others

Global Natural Gas Liquids Market Size by End User & CAGR (2026-2033)

• Market Overview
• Petrochemical Industry
• Energy & Power Generation
• Residential & Commercial Consumers
• Transportation Sector
• Industrial Operations

Global Natural Gas Liquids Market Size by Value Chain Function & CAGR (2026-2033)

• Market Overview
• Production & Extraction
• Fractionation & Processing
• Transportation & Storage
• Distribution
• Retail Sales

Global Natural Gas Liquids Market Size & CAGR (2026-2033)

• North America (Product Type, Application, End User, Value Chain Function)
  • US
  • Canada
• Europe (Product Type, Application, End User, Value Chain Function)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Product Type, Application, End User, Value Chain Function)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Product Type, Application, End User, Value Chain Function)
  • Mexico
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Product Type, Application, End User, Value Chain Function)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2023-2025)

Key Company Profiles

• ExxonMobil Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chevron Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Royal Dutch Shell plc
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BP plc
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ConocoPhillips
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TotalEnergies SE
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Enterprise Products Partners LP
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Eni S.p.A.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Occidental Petroleum Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Saudi Aramco
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kinder Morgan Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Williams Companies
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Devon Energy
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Range Resources
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Encana Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Canadian Natural Resources
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Gazprom
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cheniere Energy
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Petrobras
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Equinor
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations