Establishments primarily engaged in producing liquid hydrocarbons from oil and gas field gases. Establishments recovering liquefied petroleum gases incidental to petroleum refining or to the manufacturing of chemicals are classified in Manufacturing, Major Group 28 or Major Group 29. Establishments recovering helium from natural gas are classified in Manufacturing, Major Group 28.
The Natural Gas Liquids (NGL) industry, classified under NAICS 1321, has been witnessing several qualitative trends. A significant trend is the increasing focus on sustainability and carbon reduction. Companies are investing in technologies to reduce their carbon footprint and enhance the environmental compatibility of their operations. Another emerging trend is the optimization of supply chains through digital transformation, utilizing data analytics and IoT for predictive maintenance and improved efficiency.
As demand dynamics shift, there is a notable increase in the consumption of NGLs for petrochemical feedstocks, driven by the burgeoning plastics and chemical industries. The geopolitical landscape and regulatory frameworks are playing pivotal roles, with potential policy shifts impacting production and export strategies.
In terms of forecasts, the NGL market is expected to see robust growth driven by rising global energy demands and technological advancements in extraction and processing. The transition toward renewable energy sources may pose challenges, but the intermediate role of NGLs in energy transition is likely to bolster market stability in the near term. Investment in infrastructure, particularly in emerging markets, is anticipated to enhance distribution networks and accessibility.
Butane (natural) production
Casing-head butane and propane production
Cycle condensate production (natural gas)
Ethane (natural) production
Fractionating natural gas liquids
Isobutane (natural) production
Liquefied petroleum gases (natural) production
Natural gas liquids production
Natural gasoline production
Propane (natural) production
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