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Natural Gas Liquid Processing in the US - Industry Market Research Report

  • ID: 3940458
  • Report
  • November 2019
  • Region: United States
  • 35 pages
  • IBISWorld
Bubble up: Industry growth will trend higher in line with natural gas production levels

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, caused NGL production to swell over the past five years. Processors were flooded with continually expanding natural gas volumes and, as a result, continued to pump out more NGLs. Despite an increase in production, industry revenue has only modestly grown over the past five years, mostly due to drops in energy prices in 2015 and 2016. As the price of natural gas recovered in 2017, industry revenue stabilized as well. Moving forward, the industry is expected to benefit from a rebalanced market, rising prices and increased export 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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ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
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  • Targa Resources Corporation
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