Natural Gas Liquid Processing
The shale gas boom of the past decade, whereby natural gas extractors developed methods of extracting natural gas trapped in shale rock formations, has caused NGL production to swell in the past five years. However, industry revenue has fallen due to steep drops in energy prices. In the next five years, the industry is expected to continue expanding, and export growth will remain elevated. Therefore, revenue is forecast to exhibit growth.
This industry separates out natural gas liquids (NGLs) from natural gas. Natural gas arrives at processing facilities in a gaseous state, and processors clean the natural gas and extract liquid hydrocarbons including ethane, propane, butane, isobutane and natural gasoline. These liquids have various uses including home heating fuel, inputs in plastic products and heating or blowing fuel in industrial production. The production of NGLs from oil refining is not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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