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The natural gas liquids (NGLs) market size is forecast to increase by USD 19.62 billion at a CAGR of 6.47% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. The increasing demand for petrochemical plants as raw materials for producing plastics and other chemicals is a major growth factor. Furthermore, the expanding use of NGLs as vehicle fuel, particularly natural gasoline and autogas, is propelling market growth. However, the market is also facing challenges, including the volatility of crude oil prices and the availability of incentives for drilling liquids-rich resources. The chemical composition of NGLs, which includes pentanes plus and natural gasoline, makes them an ideal substitute for traditional fossil fuels in combustion engines. Despite growing environmental concerns, NGLs continue to be a crucial component in the energy mix, offering both economic and environmental benefits.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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