Natural Gas Market

Natural Gas Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The natural gas market is expected to reach US$ 1506.11 Billion by 2032.

The natural gas market is expected grow at a CAGR of 3.6% from 2023 to 2032.

Increasing energy demand especially in developing economies, technological advancements in extraction and transportation and the transition towards cleaner energy sources are major drivers for the global natural gas market growth.

The natural gas market was estimated to be US$ 1057.54 Billion in 2022.

The oil and gas industry is a major consumer of natural gas, utilizing it for various purposes such as fueling operations, power generation, and as a feedstock for petrochemical production.

The Asia-Pacific region is a significant consumer of natural gas, driven by the rapid economic growth and increasing energy demand in countries such as China, India, and Japan.

BP plc, Chevron Corporation, China National Petroleum Corporation, Eni S.p.A., Equinor ASA, ExxonMobil Corporation, Gazprom, National Iranian Oil Company, Occidental Petroleum Corporation, PetroChina Company Limited, Qatar Petroleum, Royal Dutch Shell plc, Saudi Aramco, TotalEnergies SE, Woodside Petroleum Ltd and many more are the key players in the natural gas market.