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Global Natural Gas Market by Type (Methane, Ethane, Propane, Other), By Application (Power Generation, Industrial Fuel, Household Fuel, Automotive Fuel, Chemical Industry) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CM-692
  • Author: Up Market Research
  • Rating: 4.6
  • Total Reviews: 89
  • No. Of Pages: 226
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  • Pub. Date: 2021-03-01
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The Global Natural Gas Market size is expected to reach USD 739.1 billion by 2028, growing at a CAGR of 4% from 2021 to 2028. Increasing demand for natural gas in the power generation and industrial sectors is projected to drive the growth of this market during the forecast period. Moreover, its wide applicability in various industries such as the chemical industry, household fuel, automotive fuel, and others will boost the demand for it across regions. The residential sector consumes nearly 40% of total natural gas consumption globally.


Natural Gas is a combustible, odorless, colorless gaseous form of hydrocarbons. It has the chemical formula CHN and it consists primarily of methane (CH), ethane (C), and propane (C). Other compounds such as butanes are often also present in small percentages. Natural gas can be found underground either in natural accumulations or trapped within porous rock formations that have been sealed by water pressure which forces them into wells.


On the basis of Types, the market is segmented into Methane, Ethane, Propane, and Others.



Methane is one of the three main hydrocarbons and natural gas. It's a colorless, odorless, non-toxic gas that burns cleanly with no soot or ash. Methane can be found all over the world since it occurs naturally in both animal manure and decomposing plant matter.

The most common form is methane hydrate which accumulates below sediments on the ocean floor because of its low solubility in water (just like ice cubes will not dissolve if left under inches of water). Flammable concentrations also occur in coal beds, especially those containing bituminous coal.



Ethane is a hydrocarbon and the second member of natural gas, which can be separated from other members by fractional distillation. It was first liquefied in 1898 under low-pressure conditions. However, it's heavier than air so its density makes it difficult for this to happen without compressor assistance or some type of heating process that significantly increases the vaporization rate.

Ethane is used as a petrochemical feedstock for the production of ethylene, which has many industrial applications. It's also widely used in chemical reactions such as those involved with gasoline refining and nylon manufacturing. Along with methane (natural gas), it can be converted into liquid fuels like methanol or natural gas liquids that are valuable to transportation industries both on-road and off-road. Ethane could also have potential use as an alternate fuel source because it burns cleaner than other fossil fuels.



Propane is a hydrocarbon and the simplest member of the alkanes. It has three carbon atoms per molecule, with two hydrogen atoms attached to each one. Propane gas can be used as fuel in place of gasoline or diesel for transportation purposes, but it's also commonly used for heating homes during winter months when temperatures drop below 60 degrees Fahrenheit.

Propane gas is used in the manufacturing of plastics, and as a feedstock for industrial chemicals. It's also found in cigarette lighters, where it's stored compressed under pressure before being heated with an electric spark to produce a flame.


On the basis of Application, the market is segmented into Power Generation, Industrial Fuel, Household Fuel, and Automotive Fuel.


Power Generation:

Power generation is the largest application of natural gas in terms of consumption. It accounts for about 70% of global demand. Natural gas power plants are an important substitute for coal-fired and nuclear-generating units because they emit less carbon dioxide (CO²) than other fossil fuel or renewable energy sources. The CO² emissions from a natural gas plant, which creates electricity by burning methane, are half that of a comparable coal plant; while a wind farm emits no CO² at all.

The usage of natural gas as fuel has grown steadily over the past decade on account of its abundance, low price relative to petroleum fuels, favorable environmental credentials, and availability across nearly all regions worldwide.


Industrial Fuel:

The primary use of natural gas in the industrial fuel sector is for energy production. Natural gas has a high calorific value, which makes it valuable as an alternative or replacement to coal and other fossil fuels. It can be used either on its own or mixed with oil products such as diesel and kerosene to produce heat (thermal) or electricity (electrical).


Household Fuel:

The use of natural gas in household fuel is increasing rapidly because it can be used directly without the need for extensive changes to house construction, and new houses are being built with systems that allow natural gas service installation. This has led the industry to forecast a near doubling or even tripling of demand by 2028 as compared with today's levels. Natural Gas fuels about 81% of all US homes.


Automotive Fuel:

Natural gas can also be utilized for automotive fuel. It is used in a variety of vehicles, from those powered by natural gas to hybrid cars and even traditional gasoline-powered cars that are converted to use the alternate fuel source. The increased availability of natural gas coupled with its lower cost relative to other fuels has led the number of automobiles on American roads fueled by it to grow steadily since 2010.


On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in the North American region is expected to lead the global natural gas market by 2028 due to rapidly expanding shale gas production from unconventional sources such as coal bed methane (CBM), tight gas sands, and shale formations. By 2021-2028 this segment is anticipated to grow significantly for various applications like power generation, household fuel, industrial fuel, etc., predominantly driven by demand for cleaner energy alternatives than other fossil fuels like oil or coal.


Growth Factors For The Global Natural Gas Market:

The growth factors for the global natural gas market include:

  • Development of shale gas resources in North America, Latin America, and Europe
  • Increased adoption by the chemical industry owing to its cleaner-burning properties than other fuels like coal or oil.
  • Growth in the use of Natural Gas as an alternative fuel for the transportation sector will help increase consumption volumes during upcoming years.


Up Market Research published a new report titled “Natural Gas Market research report which is segmented by Types (Methane, Ethane, Propane, Other), By Applications (Power Generation, Industrial Fuel, Household Fuel, Automotive Fuel, Chemical Industry), By Players/Companies BG Group plc, Apache Corporation, Cheniere Energy, ConocoPhillips, Dominion Resources, Kinder Morgan, Qatar Petroleum, Sempra Energy, Veresen Inc., Woodside Petroleum, China National Petroleum, Sinopec Group, CNOOC”. 


Report Scope

Report Attributes Report Details
Report Title Natural Gas Market Research Report
By Type Methane, Ethane, Propane, Other
By Application Power Generation, Industrial Fuel, Household Fuel, Automotive Fuel, Chemical Industry
By Companies BG Group plc, Apache Corporation, Cheniere Energy, ConocoPhillips, Dominion Resources, Kinder Morgan, Qatar Petroleum, Sempra Energy, Veresen Inc., Woodside Petroleum, China National Petroleum, Sinopec Group, CNOOC
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 226
Number of Tables & Figures 159
Customization Available Yes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Natural Gas Industry Outlook

Global Natural Gas Market Report Segments:

The market is segmented by Type Methane, Ethane, Propane, Other and By Application Power Generation, Industrial Fuel, Household Fuel, Automotive Fuel, Chemical Industry.


Some of the companies that are profiled in this report are:

  1. BG Group plc
  2. Apache Corporation
  3. Cheniere Energy
  4. ConocoPhillips
  5. Dominion Resources
  6. Kinder Morgan
  7. Qatar Petroleum
  8. Sempra Energy
  9. Veresen Inc.
  10. Woodside Petroleum
  11. China National Petroleum
  12. Sinopec Group
  13. CNOOC

Natural Gas Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Natural Gas Market

Overview of the regional outlook of the Natural Gas Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Natural Gas Market Overview

Highlights of The Natural Gas Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Natural Gas Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Methane

                2. Ethane

                3. Propane

                4. Other

       7. By Application:

                1. Power Generation

                2. Industrial Fuel

                3. Household Fuel

                4. Automotive Fuel

                5. Chemical Industry

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Natural Gas Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Natural Gas Market Statistics

Reasons to Purchase the Natural Gas Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Natural Gas Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Natural Gas Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Natural Gas Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Natural Gas Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Natural Gas Market Size & Forecast, 2018-2028 
      4.5.1 Natural Gas Market Size and Y-o-Y Growth 
      4.5.2 Natural Gas Market Absolute $ Opportunity 

Chapter 5 Global Natural Gas Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Natural Gas Market Size Forecast by Type
      5.2.1 Methane
      5.2.2 Ethane
      5.2.3 Propane
      5.2.4 Other
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Natural Gas Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Natural Gas Market Size Forecast by Applications
      6.2.1 Power Generation
      6.2.2 Industrial Fuel
      6.2.3 Household Fuel
      6.2.4 Automotive Fuel
      6.2.5 Chemical Industry
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Natural Gas Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Natural Gas Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Natural Gas Analysis and Forecast
   9.1 Introduction
   9.2 North America Natural Gas Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Natural Gas Market Size Forecast by Type
      9.6.1 Methane
      9.6.2 Ethane
      9.6.3 Propane
      9.6.4 Other
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Natural Gas Market Size Forecast by Applications
      9.10.1 Power Generation
      9.10.2 Industrial Fuel
      9.10.3 Household Fuel
      9.10.4 Automotive Fuel
      9.10.5 Chemical Industry
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Natural Gas Analysis and Forecast
   10.1 Introduction
   10.2 Europe Natural Gas Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Natural Gas Market Size Forecast by Type
      10.6.1 Methane
      10.6.2 Ethane
      10.6.3 Propane
      10.6.4 Other
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Natural Gas Market Size Forecast by Applications
      10.10.1 Power Generation
      10.10.2 Industrial Fuel
      10.10.3 Household Fuel
      10.10.4 Automotive Fuel
      10.10.5 Chemical Industry
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Natural Gas Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Natural Gas Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Natural Gas Market Size Forecast by Type
      11.6.1 Methane
      11.6.2 Ethane
      11.6.3 Propane
      11.6.4 Other
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Natural Gas Market Size Forecast by Applications
      11.10.1 Power Generation
      11.10.2 Industrial Fuel
      11.10.3 Household Fuel
      11.10.4 Automotive Fuel
      11.10.5 Chemical Industry
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Natural Gas Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Natural Gas Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Natural Gas Market Size Forecast by Type
      12.6.1 Methane
      12.6.2 Ethane
      12.6.3 Propane
      12.6.4 Other
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Natural Gas Market Size Forecast by Applications
      12.10.1 Power Generation
      12.10.2 Industrial Fuel
      12.10.3 Household Fuel
      12.10.4 Automotive Fuel
      12.10.5 Chemical Industry
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Natural Gas Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Natural Gas Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Natural Gas Market Size Forecast by Type
      13.6.1 Methane
      13.6.2 Ethane
      13.6.3 Propane
      13.6.4 Other
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Natural Gas Market Size Forecast by Applications
      13.10.1 Power Generation
      13.10.2 Industrial Fuel
      13.10.3 Household Fuel
      13.10.4 Automotive Fuel
      13.10.5 Chemical Industry
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Natural Gas Market: Competitive Dashboard
   14.2 Global Natural Gas Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 BG Group plc
      14.3.2 Apache Corporation
      14.3.3 Cheniere Energy
      14.3.4 ConocoPhillips
      14.3.5 Dominion Resources
      14.3.6 Kinder Morgan
      14.3.7 Qatar Petroleum
      14.3.8 Sempra Energy
      14.3.9 Veresen Inc.
      14.3.10 Woodside Petroleum
      14.3.11 China National Petroleum
      14.3.12 Sinopec Group
      14.3.13 CNOOC
Segments Covered in the Report
The global Natural Gas market has been segmented based on

By Types
  • Methane
  • Ethane
  • Propane
  • Other
By Applications
  • Power Generation
  • Industrial Fuel
  • Household Fuel
  • Automotive Fuel
  • Chemical Industry
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • BG Group plc
  • Apache Corporation
  • Cheniere Energy
  • ConocoPhillips
  • Dominion Resources
  • Kinder Morgan
  • Qatar Petroleum
  • Sempra Energy
  • Veresen Inc.
  • Woodside Petroleum
  • China National Petroleum
  • Sinopec Group

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