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Natural Gas Liquids Market Size, Share and Forecast 2026-2036

The global natural gas liquids market is worth USD 144 bn in 2026 and is forecast to reach USD 200 bn by 2036, growing at a 3.3% CAGR. United States is the largest country market and Propane is the largest by product segment.

USD 144 bnMarket size 2026
USD 200 bnForecast 2036
3.3%CAGR 2026-2036
United StatesLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global natural gas liquids market is worth USD 144 bn in 2026 and is forecast to reach USD 200 bn by 2036, growing at a 3.3% CAGR. United States is the largest country market and Propane is the largest by product segment.

ScopeEthane, propane, butane and natural gasoline recovered from natural gas processing and refineries, valued at production sold.
IndustryOil and Gas
Value 2025USD 140 bn
Value 2026USD 144 bn
Value 2036USD 200 bn
CAGR 2026-20363.3%
Volume 20265,609 million barrels
Volume 20367,025 million barrels
Average price 2026USD 25.7 per barrel
Report priceStarts from USD 1,999
PublishedNovember 2026

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Natural Gas Liquids market size and forecast, 2026-2036

Exhibit 1The global natural gas liquids market is forecast to grow from USD 144 bn in 2026 to USD 200 bn by 2036, a rise of 38%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 3.3%
Natural Gas Liquids market value, 2025 to 2036Market value by year. 2025: USD 140 bn; 2026: USD 144 bn; 2027: USD 149 bn; 2028: USD 154 bn; 2029: USD 159 bn; 2030: USD 164 bn; 2031: USD 170 bn; 2032: USD 175 bn; 2033: USD 181 bn; 2034: USD 187 bn; 2035: USD 193 bn; 2036: USD 200 bn. Compound annual growth rate 2026 to 2036: 3.3%.2025144 bn2026170 bn2031200 bn20363.3% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 144 bn
2027USD 149 bn
2028USD 154 bn
2029USD 159 bn
2030USD 164 bn
2031USD 170 bn
2032USD 175 bn
2033USD 181 bn
2034USD 187 bn
2035USD 193 bn
2036USD 200 bn

Natural Gas Liquids market segmentation

By product

Exhibit 2Propane is the largest segment by product, with 36.0% of 2026 revenueEstimated share of 2026 global revenue, by product
Natural Gas Liquids market share by product, 2026Share of 2026 revenue by product. Propane: 36.0%; Ethane: 30.0%; Butanes: 18.0%; Natural gasoline and others: 16.0%.Propane36.0%Ethane30.0%Butanes18.0%Natural gasoline and others16.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Ethane30.0%30.7%USD 43.3 bn3.5%
Propane36.0%36.9%USD 51.9 bn3.5%
Butanes18.0%17.6%USD 26.0 bn3.0%
Natural gasoline and others16.0%14.9%USD 23.1 bn2.5%

By end use

Exhibit 3Petrochemical feedstock adds the most revenue by end use, growing from USD 75.0 bn in 2026 to USD 110 bn by 2036Estimated revenue in USD by end use, 2026 and 2036 forecast
Natural Gas Liquids market by end use, 2026 and 2036Revenue by end use in 2026 and 2036. Petrochemical feedstock: USD 75.0 bn in 2026, USD 110 bn in 2036, change +47%; Residential and commercial fuel: USD 34.6 bn in 2026, USD 44.7 bn in 2036, change +29%; Others: USD 17.3 bn in 2026, USD 23.5 bn in 2036, change +36%; Refinery blending: USD 17.3 bn in 2026, USD 21.3 bn in 2036, change +23%.20262036 forecastChangePetrochemical feedstock+47%75.0 bn110 bnResidential and commercial fuel+29%34.6 bn44.7 bnOthers+36%17.3 bn23.5 bnRefinery blending+23%17.3 bn21.3 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Petrochemical feedstock52.0%55.1%USD 75.0 bn3.9%
Residential and commercial fuel24.0%22.4%USD 34.6 bn2.6%
Refinery blending12.0%10.7%USD 17.3 bn2.1%
Others12.0%11.8%USD 17.3 bn3.1%

By source

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Gas processing plants62.0%60.0%USD 89.4 bn3.0%
Refineries26.0%26.0%USD 37.5 bn3.3%
Condensate splitters12.0%14.0%USD 17.3 bn4.9%

By transport mode

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Pipeline46.0%44.0%USD 66.3 bn2.8%
Rail and truck30.0%28.0%USD 43.3 bn2.6%
Marine24.0%28.0%USD 34.6 bn4.9%

By pricing basis

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Index-linked contracts56.0%52.0%USD 80.8 bn2.5%
Spot sales24.0%26.0%USD 34.6 bn4.1%
Government regulated20.0%22.0%USD 28.8 bn4.3%

Top 25 countries for natural gas liquids by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 75.0% of 2026 revenue and the 25 countries below together hold 93.0%.

Exhibit 4United States is the largest country market at USD 34.6 bn in 2026, and the three largest countries hold 47.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Natural Gas Liquids market, ten largest countries in 2026Ten largest countries by 2026 revenue. United States: USD 34.6 bn, 24.0%; China: USD 21.6 bn, 15.0%; India: USD 11.5 bn, 8.0%; Japan: USD 7.2 bn, 5.0%; Saudi Arabia: USD 7.2 bn, 5.0%; South Korea: USD 5.8 bn, 4.0%; Canada: USD 5.8 bn, 4.0%; Germany: USD 5.0 bn, 3.5%; Russia: USD 5.0 bn, 3.5%; Brazil: USD 4.3 bn, 3.0%.United States34.6 bn 24.0%China21.6 bn 15.0%India11.5 bn 8.0%Japan7.2 bn 5.0%Saudi Arabia7.2 bn 5.0%South Korea5.8 bn 4.0%Canada5.8 bn 4.0%Germany5.0 bn 3.5%Russia5.0 bn 3.5%Brazil4.3 bn 3.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1United StatesUSD 34.6 bn24.0%USD 46.9 bn3.1%
2ChinaUSD 21.6 bn15.0%USD 33.9 bn4.6%
3IndiaUSD 11.5 bn8.0%USD 18.0 bn4.5%
4JapanUSD 7.2 bn5.0%USD 8.0 bn1.0%
5Saudi ArabiaUSD 7.2 bn5.0%USD 9.8 bn3.1%
6South KoreaUSD 5.8 bn4.0%USD 7.0 bn1.9%
7CanadaUSD 5.8 bn4.0%USD 7.4 bn2.5%
8GermanyUSD 5.0 bn3.5%USD 6.0 bn1.7%
9RussiaUSD 5.0 bn3.5%USD 6.2 bn2.0%
10BrazilUSD 4.3 bn3.0%USD 6.2 bn3.6%
11IranUSD 3.5 bn2.4%USD 5.7 bn5.1%
12MexicoUSD 3.1 bn2.1%USD 4.1 bn2.9%
13QatarUSD 2.7 bn1.9%USD 4.5 bn5.2%
14ThailandUSD 2.4 bn1.7%USD 3.2 bn2.8%
15IndonesiaUSD 2.2 bn1.5%USD 2.9 bn2.9%
16ArgentinaUSD 1.9 bn1.3%USD 3.2 bn5.2%
17AustraliaUSD 1.7 bn1.2%USD 2.3 bn2.9%
18AlgeriaUSD 1.5 bn1.1%USD 2.0 bn2.8%
19KuwaitUSD 1.4 bn0.9%USD 1.8 bn2.9%
20NetherlandsUSD 1.2 bn0.8%USD 1.4 bn1.1%
21ItalyUSD 1.1 bn0.8%USD 1.2 bn1.2%
22FranceUSD 966 mn0.7%USD 1.1 bn1.1%
23MalaysiaUSD 851 mn0.6%USD 1.1 bn2.9%
24SpainUSD 764 mn0.5%USD 858 mn1.2%
25TurkeyUSD 678 mn0.5%USD 898 mn2.9%
Rest of worldUSD 10.1 bn7.0%USD 14.1 bn3.4%
Exhibit 5China and United States account for 44% of the USD 55.3 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Natural Gas Liquids market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 144 bn. China: +USD 12.3 bn; United States: +USD 12.3 bn; India: +USD 6.4 bn; Saudi Arabia: +USD 2.6 bn; Iran: +USD 2.2 bn; 20 other countries: +USD 15.5 bn; Rest of world: +USD 4.0 bn. Market value 2036: USD 200 bn.Market value 2026144 bnChina+12.3 bnUnited States+12.3 bnIndia+6.4 bnSaudi Arabia+2.6 bnIran+2.2 bn20 other countries+15.5 bnRest of world+4.0 bnMarket value 2036200 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • Enterprise Products Partners
  • Saudi Aramco
  • ExxonMobil
  • Targa Resources
  • ONEOK
  • Energy Transfer
  • QatarEnergy

Group 2: Regional and specialist players

  • Williams Companies
  • ADNOC
  • Pembina Pipeline
  • DCP Midstream
  • MPLX
  • Kinder Morgan
  • Gazprom
  • Sibur

Group 3: Emerging and niche players

  • Keyera
  • Western Midstream
  • AltaGas
  • Kinetik

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the natural gas liquids market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 3.3% is calculated from the resulting values.

The market is divided by product, by end use, by source, by transport mode, by pricing basis. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the natural gas liquids market?

The global natural gas liquids market is estimated at USD 140 bn in 2025 and USD 144 bn in 2026.

How fast will the natural gas liquids market grow?

It is forecast to reach USD 200 bn by 2036, a compound annual growth rate of 3.3% from 2026, an increase of USD 55.3 bn.

Which country is the largest market for natural gas liquids?

United States is the largest market by revenue at USD 34.6 bn in 2026, 24.0% of the global total. The three largest countries together hold 47.0%.

Which country is growing fastest?

Among the ten largest markets, China is growing fastest at 4.6% a year from 2026 to 2036.

Which natural gas liquids segment is largest?

In the by product split, Propane is the largest segment with 36.0% of 2026 revenue.

Who are the leading natural gas liquids companies?

Global leaders include Enterprise Products Partners, Saudi Aramco, ExxonMobil, Targa Resources.

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