Global Natural Gas Liquids Market to Benefit from Developments in Fuel Transportation Systems, says Fortune Business Insights
Pune, Nov. 18, 2020 (GLOBE NEWSWIRE) — The global natural gas liquids market is likely to witness considerable growth in the coming years due to the growing awareness regarding the use of combustible fuels releasing harmful gases. According to a report by Fortune Business Insights, titled “Natural Gas Liquid Market Size, Share and Global Trend by Product (Ethane, Propane, Butane, Pentane, and Others), By Application (Petrochemical Feedstock, Space Heating, Blend Stock, and Others), and Geography Forecast till 2026,” the market will derive growth from the use of natural gas liquids over diverse applications.
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Natural gas liquids or hydrocarbons are widely used in several applications across a diversified sector. The property of liquefied natural gas to occupy a significantly low volume has led to advantages such as easy transportation and low space occupancy. Transportation of large amounts of natural gas liquids over longer distances has encouraged trade activities. In addition to transportation, the chemical composition of the natural gas liquid allows their use in applications such as petroleum, oil refineries, cooking, and as a transportation fuel for vehicles. The report provides segmentation of the global natural gas liquids market and signifies the applications of several product types, in addition to describing their impact on the growth of the market. Additionally, the report highlights the latest industry developments and states the impact of these developments on the global natural gas liquids market.
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Increasing Investment in Gas Delivery Systems to Favor Market Growth
The diverse applications of natural gas liquids have created a greater adoption among end-users across the world. The escalating demand for natural gas liquids has encouraged companies to forge feasible delivery systems across the world. Enhanced delivery and transportation systems will subsequently create more opportunities for growth for the natural gas liquids market companies as well as influence the growth of …