View monthly updates and historical trends for US Producer Price Index: Natural Gas Liquids and Residue Plant Condensate, Ethane, Mixtures, Other (DISCONT…

Graph and download economic data for Producer Price Index by Industry: Natural Gas Liquids Extraction: Plant Condensate, Ethane, Gas Mixtures, and Other Natural Gas Liquids (PCU21111221111214) from Jun 1996 to Jan 2025 about liquids, plant, extraction, gas, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Plant Condensate, Ethane, Gas Mixtures, and Other Natural Gas Liquids (WPU05320108) from Jun 2009 to Sep 2025 about liquids, fuels, gas, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Industry: Natural Gas Liquids Extraction: Plant Condensate, Ethane, Gas Mixtures, and Other Natural Gas Liquids was 177.27300 Index Jun 1996=100 in January of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Natural Gas Liquids Extraction: Plant Condensate, Ethane, Gas Mixtures, and Other Natural Gas Liquids reached a record high of 790.70000 in July of 2008 and a record low of 38.00000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Natural Gas Liquids Extraction: Plant Condensate, Ethane, Gas Mixtures, and Other Natural Gas Liquids - last updated from the United States Federal Reserve on November of 2025.

Graph and download economic data for U.S. Natural Gas Liquid Composite Price (MNGLCP) from Jan 2009 to Aug 2025 about natural resources, composite, gas, price, and USA.

View monthly updates and historical trends for US Natural Gas Liquid Composite Price. from United States. Source: Energy Information Administration. Track…

Condensate Market Outlook

According to our latest research, the global condensate market size is valued at USD 14.8 billion in 2024. The market is experiencing robust expansion, propelled by a compound annual growth rate (CAGR) of 5.7% during the forecast period. By 2033, the condensate market is projected to reach USD 24.2 billion, underlining the increasing demand for condensate across diverse industrial sectors. This sustained growth is primarily driven by escalating energy needs, advancements in extraction and processing technologies, and the expanding application base in petrochemical and refining industries.

One of the primary growth factors fueling the condensate market is the rising global demand for cleaner fuels and feedstocks. As environmental regulations become more stringent, industries are increasingly seeking alternatives to heavier hydrocarbons. Condensate, with its lower sulfur content and higher yield of valuable light products such as naphtha, gasoline, and jet fuel, is becoming a preferred choice in refining and petrochemical sectors. The proliferation of gas exploration projects, especially in regions like the Middle East and North America, has further augmented the availability and utilization of condensate. The integration of advanced separation and processing technologies has also enhanced the efficiency of condensate extraction and utilization, making it more economically viable for large-scale industrial applications.

Another significant driver is the expansion of petrochemical and refining capacities across emerging economies. Countries in Asia Pacific, notably China and India, are rapidly increasing investments in downstream infrastructure to cater to growing domestic and export demands. This surge in infrastructure development has led to a corresponding increase in condensate consumption as a critical feedstock. In addition, the global shift towards gas-based economies, supported by abundant shale gas reserves and liquefied natural gas (LNG) projects, has resulted in higher condensate production rates. As a result, market participants are focusing on optimizing supply chains and establishing strategic partnerships to ensure consistent supply and competitive pricing.

The condensate market is also benefiting from the diversification of end-user industries. Beyond its conventional use in oil and gas, condensate is finding applications in power generation, chemicals, and even specialty fuel segments. The versatility of condensate as a blending component and its adaptability to various refining processes have made it a valuable resource for industries aiming to improve operational efficiency and product quality. Furthermore, the ongoing digital transformation in the energy sector, characterized by the adoption of IoT and AI-driven analytics, is enabling better tracking, quality control, and predictive maintenance in condensate handling, which further supports market growth.

Regionally, Asia Pacific dominates the condensate market, accounting for the largest share in 2024, followed by North America and the Middle East. The Asia Pacific region's leadership is attributed to its rapid industrialization, expanding refining and petrochemical sectors, and increasing investments in energy infrastructure. North America is also witnessing significant growth, driven by the exploitation of shale gas reserves and the development of LNG export facilities. The Middle East, with its vast natural gas resources, continues to be a major supplier of condensate to global markets. Europe and Latin America, while smaller in market share, are expected to witness steady growth due to modernization of refineries and rising demand for cleaner fuels.

Type Analysis

The condensate market is segmented by type into Natural Gas Condensate, Field Condensate, and Plant Condensate. Natural gas condensate, which is extracted directly from natural gas wells, constitutes the largest share of the market. Its dominance is largely due to the surge in unconventional gas production, particularly in North America and the Middle East. Natural gas condensate is highly valued for its light hydrocarbon composition, making it an ideal feedstock for refineries and petrochemical plants. Field condensate, collected at the wellhead, often contains higher levels of impurities but remains a significant segment due to its widespread availability in oil-rich regions. Plant condensate, which is separated from natural gas during process

According to Cognitive Market Research, the global Natural Gas Liquids market size was USD 17542.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 7016.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5262.66 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4034.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 877.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 350.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
The ethane category is the fastest growing segment of the Natural Gas Liquids industry

Market Dynamics of Natural Gas Liquids Market

Key Drivers for Natural Gas Liquids Market

Increasing Petrochemical Industry to Boost Market Growth

The market for natural gas liquids (NGL) is mostly driven by the expanding petrochemical sector. Natural gas liquids (NGLs) like ethane, propane, and butane are vital raw materials for the synthesis of petrochemicals like ethylene and propylene, which are extensively utilized in the creation of synthetic materials, chemicals, and plastics. The need for NGLs is rising due to the petrochemical industry's explosive growth, particularly in North America and Asia. The utilization of NGLs in a variety of applications is growing as a result of growing industrialization and technological developments in chemical processing. The global need for consumer goods, packaging, and industrial materials is driving the petrochemical industry's growth, which in turn will fuel the NGL market's long-term growth.

The Surge in Shale Gas Production to Drive Market Growth

The market for natural gas liquids (NGL) is growing as a result of increased shale gas output. Production of NGLs, including ethane, propane, and butane, has expanded because of the spike in shale gas extraction, especially in North America, through horizontal drilling and hydraulic fracturing technology. These liquids are frequently left over after natural gas from shale formations is extracted. In order to fulfill growing global demand, the U.S. shale boom has improved export prospects and supported local NGL supplies. The supply of NGLs is directly increased by the ongoing expansion of shale gas production, which fosters the long-term growth of the NGL market by meeting the increasing demand from sectors such as transportation, energy, and petrochemicals.

Restraint Factor for the Natural Gas Liquids Market

Price Volatility for Crude Oil Will Limit Market Growth

The volatility of crude oil prices severely constrains

The natural gas liquids (NGL) market. Because NGLs are frequently extracted in conjunction with crude oil and natural gas, changes in oil prices have an immediate effect on how profitable it is to produce NGLs. Oil and gas companies may cut back on drilling when crude oil prices drop, which lowers the output of NGLs. Furthermore, a decline in oil prices may increase the appeal of alternative energy sources, which would lessen the market for NGLs. On the other hand, sudden spikes in oil prices can cause market instability and increase the operational expenses for NGL producers. It is difficult for NGL market participants to sustain consistent growth because of this price volatility, which also makes long-term planning more difficult and causes investor concern.

Impact of Covid-19 on the Natural Gas Liquids Market

The COVID-19 pandemic had a substantial effect on the natural gas liquids (NGL) market because it caused supply chain disruptions on a worldwide scale, decreased energy consumption, and a steep reduction in industrial activity. Lockdowns and limitations reduced the demand for NGLs, especially in the transportation and petrochemical sectors, which are big users of butane, propane, and ethane. The demand for NGLs as alternati...

Snapshot img

Natural Gas Liquids (NGLs) Market Size 2025-2029

The natural gas liquids (NGLs) market size is forecast to increase by USD 21.5 billion, at a CAGR of 6.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the expanding petrochemical industry and increasing demand for renewable energy. The petrochemical sector's growth is fueled by the rising production of plastics and other chemicals, which require NGLs as feedstocks. Moreover, the shift towards cleaner energy sources is creating new opportunities for NGLs as they are often used as feedstocks in the production of biofuels and other renewable energy applications. However, the market faces challenges as well. Growing environmental concerns are pushing for stricter regulations on the production and use of NGLs due to their carbon footprint. Additionally, the volatility of crude oil prices and the availability of alternative feedstocks can impact the profitability of NGLs.
Companies operating in the NGLs market must navigate these challenges by investing in sustainable production methods, exploring alternative feedstocks, and building strategic partnerships to stay competitive. By capitalizing on the growth opportunities and addressing these challenges effectively, players in the NGLs market can secure a strong market position and drive long-term success.

What will be the Size of the Natural Gas Liquids (NGLs) Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

The natural gas liquids (NGL) market is a dynamic and evolving sector, characterized by continuous shifts in supply and demand patterns and applications across various industries. NGLs, including propane, butane, and pentane, are derived from the natural gas value chain through a process called natural gas processing. These liquids find extensive use in various sectors, such as diesel production, hydrogen generation, and synthetic rubber manufacturing. Environmental regulations continue to shape the NGL market, with a focus on reducing greenhouse gas emissions and promoting carbon capture and energy efficiency. Cryogenic separation is a critical process in NGL production, enabling the separation of NGLs from natural gas through low-temperature distillation.

Fuel blending is another significant application of NGLs, with propane and butane used as fuel additives in gasoline and diesel to enhance combustion efficiency and reduce emissions. The ongoing transition towards renewable resources and sustainable development has led to the emergence of bio-based NGLs derived from renewable feedstocks. The NGL market is subject to market volatility due to price fluctuations and supply and demand imbalances. LNG terminals and LNG carriers play a crucial role in facilitating global trade, enabling the transportation of NGLs to markets where demand is high. The circular economy concept is gaining traction in the NGL industry, with a focus on maximizing the value of by-products and minimizing waste.

Fischer-tropsch synthesis is an emerging technology in the NGL market, enabling the conversion of natural gas into liquid hydrocarbons, including jet fuel and diesel. The potential for CO2 sequestration and emissions reduction through the utilization of NGLs in industrial processes and power generation is a significant area of research and development. Overall, the NGL market is a dynamic and evolving sector, with ongoing innovations and regulatory developments shaping its future.

How is this Natural Gas Liquids (NGLs) Industry segmented?

The natural gas liquids (NGLs) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Industrial
  Residential
  Commercial


Product

  Propane
  Butane
  Pentane
  Ethane


Geography

  North America

    US
    Canada


  Europe

    Norway
    Russia


  Middle East and Africa

    Iran
    Qatar
    UAE


  APAC

    Australia
    China


  Rest of World (ROW)

.

By Application Insights

The industrial segment is estimated to witness significant growth during the forecast period.

NGLs, such as ethane and propane, are vital components in the petrochemical industry, serving as essential feedstocks for the production of chemicals and plastics like ethylene, propylene, butadiene, and synthetic rubber. These building blocks are integral to various products, including plastics, synthetic rubber, detergents, and solvents. Propane and butane are also widely used as heating fuels for residential and industrial applications and as fuel for vehicles in areas with limited natural gas access or as LPG for cooking and heating. In refining operation

United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Plant Condensate, Ethane, Gas Mixtures, and Other Natural Gas Liquids was 38.73200 Index Jun 2009=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Plant Condensate, Ethane, Gas Mixtures, and Other Natural Gas Liquids reached a record high of 142.50000 in November of 2011 and a record low of 11.90000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Plant Condensate, Ethane, Gas Mixtures, and Other Natural Gas Liquids - last updated from the United States Federal Reserve on December of 2025.

Natural gas liquid (NGL) production proportionally grows with natural gas extraction. The popularity of advanced extraction techniques like hydraulic fracturing has bolstered shale gas production, giving processors a steady revenue flow. The pandemic weakened industrial production and residential and commercial construction, leading to an oversupply of NGLs and causing prices to plummet. This quickly reversed as the economy reopened and natural gas prices surged, spiking production. This growth lasted until 2022, when prices eventually settled down as supply shortages slowly began to wane. Even so, industry-wide revenue swelled at a CAGR of 7.6% through 2025, reaching $99.5 billion, including a modest 17.0% uptick in 2025 alone. Profitability also swelled as processors passed on price hikes to consumers. The ongoing Russia-Ukraine conflict has created NGL supply woes in Europe as Russia has reduced its exports. These supply woes have opened the door for domestic NGL processors to take advantage of the favorable price environment in Europe and strengthen exports. This uptick in demand mitigated the appreciation of the US dollar, which made domestic NGLs more expensive. The EU's need for NGL led to a surge in exports to the country, making the US the largest NGL exporter in the world. Through 2030, revenue is set to stagnate as natural gas prices normalize, following highs over the current period. Nonetheless, expanding industrial production and natural gas extraction will provide processors with a steady stream of business. Even so, with the future of hydraulic fracturing in the air, future regulations can severely hinder production. As European countries look to reduce their dependence on Russian NGLs, exports will remain strong. With the US and EU reaching an agreement to bolster their purchases of NGL over the next three years, through 2028, exports will continue to be a driving force of revenue. Overall, revenue is set to push up at a CAGR of 0.1% through the end of 2030 to total $100.1 billion.

United States - Producer Price Index by Industry: Natural Gas Liquids Extraction: Residue Gas Shipped from Natural Gas Liquids Plants was 243.39600 Index Jun 1984=100 in January of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Natural Gas Liquids Extraction: Residue Gas Shipped from Natural Gas Liquids Plants reached a record high of 501.10000 in July of 2008 and a record low of 15.80000 in February of 1976. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Natural Gas Liquids Extraction: Residue Gas Shipped from Natural Gas Liquids Plants - last updated from the United States Federal Reserve on November of 2025.

United States - Producer Price Index by Industry: Natural Gas Liquids Extraction: Isopentane and Natural Gasoline was 263.28300 Index Jun 1984=100 in January of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Natural Gas Liquids Extraction: Isopentane and Natural Gasoline reached a record high of 574.40000 in July of 2008 and a record low of 35.40000 in September of 1986. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Natural Gas Liquids Extraction: Isopentane and Natural Gasoline - last updated from the United States Federal Reserve on November of 2025.

The Department of Energy has concluded a review of business processes related to the calculation of Natural Gas Liquids Reference Prices and Allowances. Following extensive consultation with representatives of producer associations, new business processes will be implemented effective with July 2014 production. All purchasers of propane (C3), butanes (C4), pentanes plus and condensate (C5+) at NGL field facilities in Alberta are required to report eligible arm’s length purchase information of specification and mix products. This updated manual contains reporting instructions on how to complete the report under the new processes. Refer to IL 2013-35 for more information.

United States - Producer Price Index by Industry: Natural Gas Liquids Extraction: Natural Gas Liquids was 198.25600 Index Jun 1984=100 in January of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Natural Gas Liquids Extraction: Natural Gas Liquids reached a record high of 571.50000 in July of 2008 and a record low of 44.90000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Natural Gas Liquids Extraction: Natural Gas Liquids - last updated from the United States Federal Reserve on December of 2025.

Natural Gas And Natural Gas Liquids Price And Value In Utah T4.15 1945-2013

4328 Global exporters importers export import shipment records of Gas condensate with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Philippines GVA: 2000p: MQ: Crude Oil, Natural Gas & Condensate data was reported at 2,904.805 PHP mn in Sep 2018. This records a decrease from the previous number of 10,273.484 PHP mn for Jun 2018. Philippines GVA: 2000p: MQ: Crude Oil, Natural Gas & Condensate data is updated quarterly, averaging 3,928.646 PHP mn from Mar 1998 (Median) to Sep 2018, with 83 observations. The data reached an all-time high of 10,767.844 PHP mn in Jun 2009 and a record low of 1.686 PHP mn in Mar 2000. Philippines GVA: 2000p: MQ: Crude Oil, Natural Gas & Condensate data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.A026: SNA 2008: Gross Value Added: by Industry: 2000 Price.

Argentina Average Sales Price: Gas Oil and Condensate data was reported at 417.129 USD/Cub m in Feb 2025. This records an increase from the previous number of 414.161 USD/Cub m for Jan 2025. Argentina Average Sales Price: Gas Oil and Condensate data is updated monthly, averaging 322.844 USD/Cub m from Jan 1999 (Median) to Feb 2025, with 314 observations. The data reached an all-time high of 514.197 USD/Cub m in Nov 2014 and a record low of 64.527 USD/Cub m in Feb 1999. Argentina Average Sales Price: Gas Oil and Condensate data remains active status in CEIC and is reported by Energy Secretariat. The data is categorized under Global Database’s Argentina – Table AR.RB005: Energy Price: by Product.

Context:

Natural gas is a fossil energy source that formed deep beneath the earth's surface. Natural gas contains many different compounds. The largest component of natural gas is methane, a compound with one carbon atom and four hydrogen atoms (CH4). Natural gas also contains smaller amounts of natural gas liquids (NGLs, which are also hydrocarbon gas liquids), and nonhydrocarbon gases, such as carbon dioxide and water vapor. We use natural gas as a fuel and to make materials and chemicals.

Henry Hub spot price:

The Henry Hub pipeline is the pricing point for natural gas futures on the New York Mercantile Exchange. The NYMEX contract for deliveries at Henry Hub began trading in 1990 and is deliverable 18 months in the future. The settlement prices at Henry Hub are used as benchmarks for the entire North American natural gas market and parts of the global liquid natural gas (LNG) market.

Henry Hub is an important market clearing pricing concept because it is based on the actual supply and demand of natural gas as a stand-alone commodity. Other natural gas markets like Europe have fragmented hub pricing points. This means natural gas prices are often indexed to crude oil, which can have very different supply and demand factors affecting its price. Attempts are being made to develop European hub pricing points in the Netherlands and the UK, but this has proved difficult so far due to competition from national hubs. Asian natural gas markets are even more fragmented and have no defined hub pricing point, although Singapore would like to serve this regional role. Consequently, all Asian natural gas prices are either indexed to crude oil or linked to Henry Hub.

About the data:

The data is a daily entry of the Henry hub spot price from 2015 to 2022 along with the sentiment scores of the day collected by analyzing relevant tweets on the topic.

Acknowledgement:

This data is provided by scraping the website: https://eia.gov/ All credits and rights belong to them.