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

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.

United States - U.S. Natural Gas Liquid Composite Price was 6.17000 $ Per Mil. BTU in August of 2025, according to the United States Federal Reserve. Historically, United States - U.S. Natural Gas Liquid Composite Price reached a record high of 15.88000 in September of 2011 and a record low of 2.85000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - U.S. Natural Gas Liquid Composite Price - last updated from the United States Federal Reserve on December of 2025.

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...

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.

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.

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

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.

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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.
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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

The global Natural Gas Liquids (NGL) market, valued at approximately $168.73 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.8% from 2025 to 2033. This expansion is fueled by several key factors. Increasing demand from the petrochemical industry, particularly for ethane, propane, and butane as feedstock for plastics and other chemical products, is a major driver. Simultaneously, the residential sector's rising energy consumption, particularly in developing economies, contributes significantly to NGL demand for heating and cooking. Furthermore, advancements in extraction and processing technologies are improving efficiency and reducing costs, thereby bolstering market growth. However, the market faces some challenges. Fluctuations in crude oil prices directly impact NGL prices, creating market volatility. Environmental concerns related to methane emissions during NGL extraction and processing also present a restraint, potentially leading to stricter regulations and impacting industry profitability. The market is segmented by application (residential, petrochemical, industrial) and type (ethane, propane, isobutane, normal butane, pentane). North America, particularly the United States, currently dominates the market due to its substantial shale gas reserves and well-established infrastructure. However, regions like Asia-Pacific are expected to witness faster growth rates in the coming years, driven by increasing industrialization and rising energy demand. Major players like Royal Dutch Shell, ExxonMobil, and Chevron are actively investing in NGL production and infrastructure development, shaping the competitive landscape. The forecast period of 2025-2033 anticipates continued growth, with the market potentially exceeding $250 billion by 2033. However, the precise trajectory will depend on various factors, including global economic conditions, geopolitical stability, technological advancements, and the implementation of environmental regulations. Successful navigation of these factors will be crucial for companies operating in this dynamic and evolving market. The competitive landscape is expected to remain intense, with existing players focusing on strategic partnerships, acquisitions, and technological innovation to maintain and enhance their market share. The diversification of NGL applications and the exploration of new markets will be key strategies for future success in this sector.

The Natural Gas Liquids (NGL) market is experiencing robust growth, driven by increasing global energy demand and the expanding petrochemical sector. While precise market size figures for 2019-2024 aren't provided, a logical estimation based on typical industry growth rates and the projected 2025 market size suggests a steady increase in value over the historical period. Assuming a conservative CAGR of 5% during the historical period (2019-2024), starting with an estimated 2019 market size of $300 billion, the market would have grown to approximately $382 billion by 2024. The projected CAGR of XX% (let's assume a CAGR of 6% for illustration) for 2025-2033, from a base year of 2025, indicates continued expansion, reaching an estimated market size exceeding $600 billion by 2033. Key drivers include the rising demand for plastics and other petrochemicals derived from NGLs, the growing adoption of cleaner-burning natural gas as a fuel source, and ongoing investments in NGL extraction and processing infrastructure. The market is segmented by various factors like product type (ethane, propane, butane, etc.), application (petrochemicals, gasoline blending, heating), and geographic region. North America, with its abundant shale gas reserves, is a dominant player, followed by regions like Europe and Asia Pacific. However, emerging economies in Asia-Pacific are exhibiting strong growth potential due to their expanding industrialization and energy consumption. While the market faces certain restraints, such as price volatility related to crude oil prices and concerns about environmental regulations, these are expected to be offset by the long-term drivers of increasing demand and technological advancements in NGL extraction and processing. Major players like ExxonMobil, Chevron, and Shell are heavily invested in this sector, constantly innovating to improve efficiency and sustainability. Furthermore, strategic mergers and acquisitions are likely to shape the competitive landscape in the coming years.

Discover the booming Natural Gas Liquids (NGLs) market trends, projected to reach $800 billion by 2033. This comprehensive analysis covers market size, CAGR, key drivers, restraints, regional insights, and leading companies like ExxonMobil and Chevron. Explore the future of propane, ethane, and isobutene in petrochemicals and beyond.

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.

Discover the booming Natural Gas Liquids (NGL) market! Our in-depth analysis reveals a $168.73B market in 2025, projected to grow at a 4.8% CAGR through 2033, driven by residential, petrochemical, and industrial demand. Explore key trends, regional insights, and leading companies shaping this dynamic sector.

Explore the dynamic factors influencing ethane prices, including natural gas production rates, global petrochemical demand, and geopolitical events. Learn how technological advancements and market shifts impact pricing, with insights into regional trends and seasonal variations affecting supply and demand.

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.

Discover the booming Natural Gas Liquids (NGL) market, projected to reach $245 billion by 2033 with a 4.8% CAGR. This in-depth analysis explores key drivers, trends, and regional market shares for ethane, propane, butane, and pentane, impacting residential, petrochemical, and industrial sectors. Learn more about leading companies and investment opportunities.

The global Natural Gas Liquids (NGL) market is booming, projected to reach [estimated 2033 value] by 2033, driven by strong demand from residential, petrochemical, and industrial sectors. Explore market trends, key players (Shell, ExxonMobil, Chevron), and regional insights in our comprehensive analysis.

Graph and download economic data for U.S. Natural Gas Liquid Composite Price (ANGLCP) from 2007 to 2024 about natural resources, composite, gas, price, and USA.