Natural Gas Liquids Market Set to Surpass USD 18.7 Billion by 2032 Driven by Rising Petrochemical Demand

The global Natural Gas Liquids market is witnessing significant momentum, fueled by expanding petrochemical production, increasing shale gas exploration, and rising energy demand worldwide. According to the latest analysis by Market Intelo, the market was valued at approximately USD 12.4 billion in 2023 and is projected to reach USD 18.7 billion by 2032, growing at a CAGR of 4.7% during the forecast period (2024–2032).
Natural gas liquids (NGLs), including ethane, propane, butane, isobutane, and pentane, are critical components in the global energy and petrochemical value chain. Their wide-ranging applications across residential heating, fuel blending, and petrochemical feedstocks continue to drive consistent demand across developed and emerging economies.

Read Full Research Study: https://marketintelo.com/report/natural-gas-liquids-market
Natural Gas Liquids Market Set to Surpass USD 18.7 Billion by 2032 Driven by Rising Petrochemical Demand The global Natural Gas Liquids market is witnessing significant momentum, fueled by expanding petrochemical production, increasing shale gas exploration, and rising energy demand worldwide. According to the latest analysis by Market Intelo, the market was valued at approximately USD 12.4 billion in 2023 and is projected to reach USD 18.7 billion by 2032, growing at a CAGR of 4.7% during the forecast period (2024–2032). Natural gas liquids (NGLs), including ethane, propane, butane, isobutane, and pentane, are critical components in the global energy and petrochemical value chain. Their wide-ranging applications across residential heating, fuel blending, and petrochemical feedstocks continue to drive consistent demand across developed and emerging economies. Read Full Research Study: https://marketintelo.com/report/natural-gas-liquids-market
MARKETINTELO.COM
Natural Gas Liquids Market Research Report 2033
As per our latest market intelligence, the Global Natural Gas Liquids (NGL) market size was valued at $17.8 billion in 2024, and is forecasted to hit $29.4 billion by 2033, growing at a robust CAGR of 5.7%.
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