Natural gas liquids are light hydrocarbons composed entirely of carbon and hydrogen molecules. According to the report titled “Natural Gas Liquids market – Global Industry Analysis, Size, Share, Growth Trends and Forecast 2016 – 2024”, released by Transparency Market Research, the natural gas liquids market stood at 7,982.63 Kilo barrels/Day in 2015 and projected to reach 14,800 kilo barrels/day by 2024 at 7.16% CAGR. The Middle East held the highest share of global natural gas market, with around 40% share in 2015. North America held the second-largest share of the global natural gas market with around 30% market share in 2015. Other regional markets for natural gas liquid such as Asia Pacific, Europe, Africa, and Latin America held less than 10% market share respectively.

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