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08-08-2025
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Oil & Gas Infrastructure Market Size to Reach USD 1,377.87 Billion By 2034
According to Towards Chemical and Materials, the global oil & gas infrastructure market size was estimated at USD 752.19 billion in 2024 and is projected to reach USD 1,377.87 billion by 2033, growing at a CAGR of 6.24% from 2025 to 2034. North America dominated the oil & gas infrastructure market with a market share of 38% in 2024. Ottawa, Aug. 08, 2025 (GLOBE NEWSWIRE) -- The global oil & gas infrastructure market size is valued at USD 799.13 billion in 2025 and is expected to hit around USD 1,377.87billion by 2034, growing at a compound annual growth rate (CAGR) of 6.24% over the forecast period from 2025 to 2034. A study published by Towards Chemical and Materials a sister firm of Precedence Research. Discover Growth Opportunities in Oil & Gas Infrastructure – Get Your Sample Report Now! Oil & Gas Infrastructure Market Overview The market is growing rapidly, as demand for energy increases, geopolitical factors require energy-demand security, and extensive spending occurs on pipelines, LNG terminals, and offshore facilities. Oil and gas infrastructure includes the physical components of industries' intermediary assets that extract, transport, store, and distribute hydrocarbons, including pipelines, storage tanks, terminals, processing plants, and refineries. The changing landscape of the oil & gas infrastructure market is driven by increases in global energy consumption, sustained investments into LNG infrastructure and upgrades to aging assets. In addition to international tensions and expanding energy security protocols, countries are expanding and diversifying the energy infrastructure in an effort to secure energy supply. While newer projects revolve around the traditional oil and gas supply, we are starting to see more integration of digital technologies and a pivot to decarbonization projects with the oil and gas sector. Other than sustaining supply from fossil fuels, this market represents an opportunity for transitioning fossil fuel driven energy systems to cleaner energy systems. What are the business benefits of oil and gas infrastructure Market? As oil and gas companies modernize operations, many turn to digital technologies and services to optimize processes while maintaining existing infrastructure—from pipeline inspections to refinery optimization. Because energy companies use complex assets in the field and in plants that require ongoing maintenance, asset management solutions are key to proper infrastructure maintenance. So too are systems that schedule human and material resources for repairs, manage inventory, and provide mobile solutions for field employees to access data and submit business rests on the readiness of a company's IT infrastructure to adapt to changing business conditions. Aging, sluggish or inefficient IT infrastructure poses as big a threat as any disruptive market force. Stay Ahead with Detailed Analysis – Get the Full Report! Oil & Gas Infrastructure Market Report Scope Report Attribute Details Market Size value in 2025 799.13 USD Billion Revenue Forecast in 2034 1,377.87 USD Billion Growth rate CAGR of 6.24% from 2025 to 2034 Actual data 2021 - 2024 Forecast period 2025 - 2034 Segments covered By Sector, By Infrastructure Type, By Material Type (For Pipeline & Facility Construction),By Fuel Type, By Ownership/Operator,By End-Use Application, By Region Key companies profiled Kinder Morgan Inc., Enbridge Inc. , TransCanada Corporation (TC Energy), Saudi Aramco , Gazprom , Shell Plc , ExxonMobil Corporation , Chevron Corporation , TotalEnergies SE , BP Plc , Cheniere Energy Inc. , Fluor Corporation , Bechtel Corporation , Technip Energies , Petrofac Ltd.. For more information, visit the Towards Chemical and Materials website or email the team at sales@ +1 804 441 9344 Oil & Gas Infrastructure Market Trends? Growth in LNG Infrastructure- The increased demand for cleaner-burning fuels has led to heavy investment into liquefied natural gas terminals, storage, and shipping capacity largely in the Asia-Pacific and European regions. Digitalization and Smart Infrastructure- Operators continue to leverage IoT, AI, and automation to improve access and enhance monitoring of pipelines, minimize downtime, and optimize operational efficiency across refineries and processing facilities. Renewing Aging Infrastructure- Many existing pipelines and refineries are being retrofitted or replaced to achieve the current safety, environmental, and efficiency standards, particularly in North America and Europe. Transitioning to Low-Carbon Infrastructure- The goals of energy transition have compelled companies to install carbon capture systems, while some companies are also working to revive and repurpose their existing infrastructure to support the storage and transportation of hydrogen and biofuels. AI Supercharges Oil & Gas Infrastructure, From Digital Twins to Predictive Operations Through smarter modeling, predictive maintenance, and agility of operations, artificial intelligence is driving the transformation of oil and gas infrastructure. In August 2025, KBC launched Petro- SIM® v7.6, a digital twin platform that integrated artificial intelligence and machine learning, excitingly applied to real-time process simulation, allowing engineers to simultaneously optimize upstream and downstream decision-making with higher fidelity and decarbonization management. Saudi Aramco is exploring implementing AI tools such as DeepSeek and its own TeraPOWERS system to reprocess decades of existing seismic data, converting historical datasets into actionable intelligence for drilling, reservoir modeling, and emissions reduction. In September 2024, BP and Palantir Technologies introduced new artificial intelligence capabilities with Palantir's AIP software in collaboration with Palantir, increasing safety, predictive maintenance, incorporating better and safer decision-making for its critical assets. Together, these unique projects demonstrate how AI initializes with a narrow pilot use phase and transitions to embedded intelligence for infrastructure, resulting in increased resilience, lower costs, and lower carbon footprints for oil and gas value chains. Oil & Gas Infrastructure Market Dynamics Market Drivers Rising Global Natural Gas Demand Driving Oil & Gas Infrastructure Growth One of the main arrows in the oil & gas infrastructure market quiver, is also rising global natural gas demand rapidly increasing throughout the world, especially for power generation and industrial consumption. The International Energy Agency stated worldwide gas demand grew by 2.7% in 2024 - 115 billion cubic meters, The strongest growth for all fossil fuels, as gas generation started to increase utilization worldwide in power generation during weather events. Infrastructure is being built at this demand level. In August 2025, Energy Transfer has recently begun construction on a 516-mile, 42-inch Transwestern Pipeline expansion project, which is anticipated to deliver 1.5 billion cubic feet of gas per day. These developments bring to light the role of the infrastructures' underlying transport and compressions systems that will support the increasing levels of demand for energy and powers associated with increasing electrification and diversify in industries. Market Opportunity Is the Surge in Global Energy Investments Opening Profitable Opportunities for Oil and Gas Infrastructure Developers? From a business outlook, we can see that a substantial influx of capital into oil and gas infrastructure projects is taking place in a global environment driven by energy security concerns and the need for procurement diversification. Global upstream oil and gas investment for 2024 increased by 7% to reach $570 billion, following a 9% rise in 2023, and there will be a major amount spent on infrastructure, consisting of pipelines, long terminals and storage terminals. Major players are expanding their export and processing capacity to meet the demands arising and anticipated from Europe, Asia and Africa. The increase in cross-border energy trade, and formation of regional partnerships like the new hubs in Africa, and pipeline expansion in Central Asia, are creating a long-term pathway for commercial opportunities for infrastructure developers, EPC contractors, and investors targeting resilient energy assets during an international transition period. Market Challenges Highly Capital Intensive- The initial investment required to build infrastructure is very high (for example, pipelines, refineries, and storage). These relatively large capital commitments have associated risks. When oil prices are volatile (low) and long-term demand is uncertain, the financial investment is even riskier. Increased Regulatory and Environmental Pressure- Numerous environmental regulations and permit delays add complexity and expense to ambitious projects. Growing concern related to climate change and emissions reduction is increasing the unease to phase out fossil-fuel infrastructure in favour of greener alternatives. Political Instability- Political unrest, trade barriers, and conflict in regions rich with oil disrupt infrastructure development and integration in regional/ cross borders. Managing uncertainty complicates planning, increases expense, and likewise increases the risk of project investments for the long-term. Aging Infrastructure- In most developed countries, aging oil and gas related infrastructure is predominant. It is expensive to maintain and upgrade, as a greater tendency increases unplanned outages, personnel, leaks, accidents, and operational inefficiencies, and decrease overall reliability. North America Market Size and Forecast 2025 to 2034 The North America Oil and Gas Infrastructure market size is estimated at USD 303.67 billion in 2025 and is anticipated to USD 524.28 billion by 2034, growing at a CAGR of 6.25% from 2025 to 2034. North America dominated the market in 2024, it is the leading region in the world for oil and gas infrastructure, primarily due to its developed and integrated pipeline systems, export terminals and storage. The North American region features a stable and private supported investment which ensures older infrastructure is refurbished while still growing new capacity primarily around liquid natural gas (LNG) and midstream transport. Continued coordination between production, logistical capacity and innovation ensures that North America is a core global hub for oil and gas. U.S. Market Trends The United States is central to the existing North American dominance through its production capacity and export strategies and midstream networks. Infrastructure growth is not only an energy objective, but also a driver of economic activity with initial estimates of investments in oil and gas infrastructure estimated to bring just over $1.5 trillion to $1.89 trillion of contributions to U.S. Gross Domestic Product (GDP), or roughly $79 to $100 billion every year annually throughout the projection period. This implies the importance of the oil and gas sector to energizing energy independence and economic development, and with continued federal and private sector support, the U.S. can remain a global benchmark for oil and gas infrastructure development. Why Is Asia Pacific The Fastest Growing Region In The Oil & Gas Infrastructure Market? Asia Pacific expects the fastest growth in the market during the forecast period. Asia Pacific is experiencing explosive growth due to soaring energy demand, ongoing industrialisation, and the shift toward cleaner fuels like natural gas. Governments in Asia Pacific are developing LNG terminals, cross-border pipelines, and energy storage infrastructure to support long-term energy security. The proactive stance is taken by government policies across numerous countries, including India and China, to build out midstream infrastructure. Means that population growth and the demand for increasingly cheaper energy consumption will make this region the most vibrant and fastest-growing region of the global oil & gas infrastructure market. India Market Trends India is the leader of the infrastructure expansion that is taking place in Asia, as its energy needs continue to grow, bolstered by effective government policy and support. India's oil demand is projected to double to 11 million b/d by 2045, requiring significant upgrades to transport and storage systems. For example, the FY26 Union Budget allocated ₹5,597 crore (US$640 million) for expanding strategic petroleum reserves. In response to these compelling indicators, India is moving decisively to pursue energy security by building out LNG terminal capacity, a national gas grid and developing underground storage capacity for crude. More Insights in Towards Chemical and Materials: Oil & Gas Market : The global Oil & Gas-market size was valued at USD 6.10 Trillion in 2024, grew to USD 6.33 Trillion in 2025, and is expected to hit around USD 8.79 Trillion by 2034, growing at a compound annual growth rate (CAGR) of 3.72% over the forecast period from 2025 to 2034. AdBlue Oil Market : The global adblue oil market size was accounted for 76.58 billion liters in 2024 and is expected to be worth around USD 148.37 billion liters by 2034, growing at a compound annual growth rate (CAGR) of 6.84% during the forecast period 2025 to 2034. Natural Gas Market : The global natural gas market size accounted for USD 4.19 trillion in 2024 and is predicted to increase from USD 4.41 trillion in 2025 to approximately USD 6.96 trillion by 2034, expanding at a CAGR of 5.20% from 2025 to 2034. Oil Spill Management Market : The global oil spill management market size was reached at USD 151.71 billion in 2024 and is estimated to surpass around USD 210.92 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.35% during the forecast period 2025 to 2034. Renewable Natural Gas Market : The global renewable natural gas market size is calculated at USD 15.5 billion in 2025 and is forecasted to reach around USD 31.37 billion by 2034, accelerating at a CAGR of 8.15% from 2025 to 2034. Asia Pacific Oil & Gas Infrastructure Market : The Asia Pacific oil & gas infrastructure market size accounted for USD 207.77 billion in 2025 and is forecasted to hit around USD 365.90 billion by 2034, representing a CAGR of 6.49% from 2025 to 2034. Gas Separation Membrane Market : The global gas separation membrane market was valued at approximately USD 1.85 billion in 2024 and is projected to grow at a CAGR of 6.95% from 2025 to 2034, reaching a value of USD 3.62 billion by 2034. Boiler Market : The global boiler market size was reached at USD 100.29 billion in 2024 and is expected to be worth around USD 199.32 billion by 2034, growing at a compound annual growth rate (CAGR) of 7.11% over the forecast period 2025 to 2034. Boiler Water Treatment Chemicals Market : The global boiler water treatment chemicals market size was reached at USD 5.52 billion in 2024 and is expected to be worth around USD 15.46 billion by 2034, growing at a compound annual growth rate (CAGR) of 10.85% over the forecast period 2025 to 2034. Industrial Boiler Market : The global industrial boiler market size was reached at USD 17.11 billion in 2024 and is expected to be worth around USD 24.96 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.85% over the forecast period 2025 to 2034. Hot Rolled Coil (HRC) Steel Market : The global hot rolled coil (HRC) steel market size accounted for USD 355.42 billion in 2024, grew to USD 375.86 billion in 2025, and is expected to be worth around USD 621.65 billion by 2034, poised to grow at a CAGR of 5.75% between 2025 and 2034. Hydrogenated Vegetable Oil Market : The global hydrogenated vegetable oil market size accounted for USD 35.25 billion in 2024 and is predicted to increase from USD 37.84 billion in 2025 to approximately USD 71.64 billion by 2034, expanding at a CAGR of 7.35% from 2025 to 2034. Reusable Oil Absorbents Market ; The global reusable oil absorbents market size was valued at USD 412.75 million in 2024. The market is projected to grow from USD 434.42 million in 2025 to USD 688.51 million by 2034, exhibiting a CAGR of 5.25% during the forecast period. U.S. Oil & Gas Infrastructure Market : The U.S. oil & gas infrastructure market size was reached at USD 78.85 Billion in 2024 and is expected to be worth around USD 147.32 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.45% over the forecast period 2025 to 2034. Europe Oil & Gas Infrastructure Market : The global Europe oil & gas infrastructure market size was reached at USD 85.11 billion in 2024 and is expected to be worth around USD 140.09 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.11% over the forecast period 2025 to 2034. U.S. Oil & Gas Market : The U.S. oil & gas market volume is calculated at USD 1.55 trillion in 2024, grew to USD 1.61 trillion in 2025, and is projected to reach around USD 2.24 trillion by 2034. The market is expanding at a CAGR of 3.75% between 2025 and 2034. Oil & Gas Infrastructure Market Top Key Companies: Kinder Morgan Inc. Enbridge Inc. TransCanada Corporation (TC Energy) Saudi Aramco Gazprom Shell Plc ExxonMobil Corporation Chevron Corporation TotalEnergies SE BP Plc Cheniere Energy Inc. Fluor Corporation Bechtel Corporation Technip Energies Petrofac Ltd. Recent Developments In March 2025, Morocco intends to launch a $6 billion tender to plan and develop natural gas infrastructure including but not limited to LNG import terminals, increased distribution pipelines, and support for local production to help Morocco achieve its goal to reach 52% renewable energy by 2030. In June 2025, CENAGAS, Mexico's gas system operator, launched public consultations to evaluate the demand for natural gas and to develop future five year plans related to infrastructure expansion, whilst aiming to improve transport and storage across the country. In October 2024, Enbridge has finalized the acquisition of the Public Service Company of North Carolina (PSNC) from Dominion Energy. This is intended to increase Enbridge's U.S. natural gas infrastructure across several high growth states. Oil & Gas Infrastructure Market Report Segmentation This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. For this study, Towards Chemical and Materials has segmented the global Oil & Gas Infrastructure Market By Sector Upstream (Exploration & Production) Midstream (Transportation & Storage) Downstream (Refining & Distribution) By Infrastructure Type Pipelines (Oil, Gas, Multiphase) Offshore & Onshore Platforms Liquefaction & Regasification Terminals (LNG) Storage Tanks & Caverns Compressor & Pumping Stations Refineries Petrochemical Plants Gas Processing Units (Dehydration, Sweetening) Distribution Networks (Retail Outlets, Gas Stations) By Material Type (For Pipeline & Facility Construction) Steel (Carbon Steel, Stainless Steel) Concrete Polyethylene & Other Thermoplastics Composite Materials By Fuel Type Crude Oil Natural Gas Liquefied Natural Gas (LNG) Refined Products (Gasoline, Diesel, Jet Fuel) Liquefied Petroleum Gas (LPG) By Ownership/Operator National Oil Companies (NOCs) International Oil Companies (IOCs) Pipeline Transportation Companies Independent Terminal Operators Engineering, Procurement & Construction (EPC) Firms By End-Use Application Power Generation Industrial Use (Chemicals, Fertilizers, Cement) Residential & Commercial Use Transportation (Aviation, Marine, Road Fuel) By Regional North America Europe Asia Pacific Latin America Middle East Africa Immediate Delivery Available | Buy This Premium Research Report@ About Us Towards Chemical and Materials is a leading global consulting firm specializing in providing comprehensive and strategic research solutions across the chemical and materials industries. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. Our Trusted Data Partners Precedence Research | Statifacts | Towards Packaging | Towards Healthcare | Towards Food and Beverages | Towards Chemical and Materials | Towards Consumer Goods | Nova One Advisor | USA: +1 804 441 9344 APAC: +61 485 981 310 or +91 87933 22019 Europe: +44 7383 092 044 Email: sales@ Web: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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07-08-2025
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Natural Gas Market Size to Hit USD 6.96 Trillion by 2034
According to Towards Chemical and Materials, the global natural gas market size was valued at USD 4.19 trillion in 2024 and is expected to hit around USD 6.96 trillion by 2034, growing at a compound annual growth rate (CAGR) of 5.20% over the forecast period from 2025 to 2034. Ottawa, Aug. 07, 2025 (GLOBE NEWSWIRE) -- The global natural gas market size is calculated at USD 4.19 trillion in 2024, grew to USD 4.41 trillion in 2025, and is projected to reach around USD 6.96 trillion by 2034. The market has a sustained growth trajectory as demand increasingly rises from LNG exports, electricity usage from data centres, and use in the power and industrial sectors. A study published by Towards Chemical and Materials a sister firm of Precedence Research. Get All the Details in Our Solutions –Download Sample: Natural Gas Market Overview Natural gas is a fossil fuel primarily made up of methane, which is used as a clean-burning fuel source for electricity production, heating, and industrial uses, and it is a primary feedstock in the production of chemicals and fertilizers. The natural gas markets are driven by global demand for cleaner alternatives to existing fossil fuel energy sources, by rising electricity demand, and the increasing use of natural gas in transportation and industry. Developments in liquefied natural gas (LNG) technology and pipeline infrastructure developments are facilitating market trade opportunities between countries. While North America is generally the largest producer, in terms of consumer markets, Asia Pacific with its wok and rising energy needs and with a focus on how to replace coal with cleaner fuel sources, is the fastest growing consumer market. Natural Gas Market Major Trends? Growth in LNG Trade- The demand for flexible, cross-border energy supply is driving investment in LNG terminals, which will allow access to, and logistics for, natural gas on a much larger scale globally. Coal-to-gas Shift- Countries are moving from coal to natural gas for energy generation purposes to reduce carbon emissions - this coincides with clean energy goals of countries, as well as environmental policies framed by national government commitments to global climate agreements. Growth of Gas Infrastructure- The development of pipelines, storage, and distribution systems is, and will continue to further, reliable supply access and reliability, especially in emerging economies where demands for energy are exploding. Partnership with Renewable Energy- Natural gas is increasingly being incorporated as a back-up temporary source of fuel for intermittent renewable sources like solar and wind, while still providing low emitting gas during times of peak demand that would otherwise be higher emitting power generation sources. Natural gas is a relatively clean-burning fossil fuel Burning natural gas for energy results in fewer emissions of nearly all types of air pollutants and carbon dioxide (CO2) emissions than burning coal or petroleum products to produce an equal amount of energy. For comparison, for every 1 million Btu consumed (burned), more than 200 pounds of CO2 are produced from coal and more than 160 pounds of CO2 are produced from fuel oil. The clean-burning properties of natural gas have contributed to increased natural gas use for electricity generation and for fleet vehicle fuel in the United States. Natural gas is mainly methane—a strong greenhouse gas Some natural gas leaks into the atmosphere from oil and natural gas wells, storage tanks, pipelines, and processing plants. The U.S. Environmental Protection Agency estimates that in 2021, methane emissions from natural gas and petroleum systems and from abandoned oil and natural gas wells were the source of about 33% of total U.S. methane emissions and about 4% of total U.S. greenhouse gas emissions.1 The oil and natural gas industry takes steps to prevent natural gas leaks. The U.S. Energy Information Administration (EIA) estimates that in 2022, U.S. CO2 emissions from burning natural gas for energy accounted for about 35% of total U.S. energy-related CO2 emissions. Invest in Premium Global Insights Immediate Delivery Available @ Natural Gas Market Report Scope Report Attribute Details Market size value in 2025 USD 4.41 Trillion Revenue forecast in 2034 USD 6.96 Trillion Growth rate CAGR of 5.20% from 2025 to 2034 Actual data 2020 - 2024 Forecast period 2025 - 2034 Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends Segments covered By Resource Type, By End-Use Application, By Distribution Method, By Region Key companies profiled ExxonMobil, Chevron, Royal Dutch Shell, TotalEnergies, BP, Gazprom, Qatar Petroleum, ONGC (Oil and Natural Gas Corporation), Reliance Industries Limited,Eni S.p.A., ConocoPhillips, Equinor, Petronas, Sempra Energy. Elevate your Chemical strategy with Towards Chemical and Materials. Enhance efficiency and achieve superior results - schedule a call today: Growth Factor Will Surge in Power Generation Demand Fuel Natural Gas Market Expansion? A significant global driver of the natural gas market is the rapid growth in gas-fired electricity generation as evidenced by the U.S. Energy Information Administration (EIA) and the International Energy Agency (IEA) reports post-2023. In the same year, total natural gas consumption in the U.S. increased approximately 1% to 89.4 billion cubic feet per day (Bcf/d), including a 6.7% increase (2.2 Bcf/d) in the electric power sector accounting for nearly 40% of total gas consumption. On a global scale, the IEA reported that industry and power sectors contributed approximately 75% to incremental gas demand growth as gas demand for electricity generation increased by nearly 2.8% year-on-year in 2024. heatwaves in China, India, and the U.S. resulted in spikes in gas burn for power grid stability in the summer of 2024. As governments and grid operators continue to use natural gas to balance variable renewables and energy security and the global demand for natural gas remains elevated, it is clear that power generation remains a critical driver of expansion in the natural gas market. Market Opportunity Is the Surge in LNG Infrastructure Opening Global Growth Avenues for Natural Gas? There are substantial opportunities in the natural gas space based on rapid growth in liquefied natural gas (LNG) infrastructure, as there is increasing demand for energy worldwide, along with shifts in geopolitical factors. Countries that were historically reliant on Russian pipeline supply, such as Germany, Poland, and Finland, have started to fast-track the construction of LNG terminals to expand their energy sources. For Instance, In May 2025, The Wilhelmshaven 02 FSRU, developed by Deutsche Energy Terminal (DET), was fully integrated into the grid in approximately 2.5 years and was subsequently incorporated into Germany's gas grid rapid timing. At the same time, India and Asian countries are also building small-scale networks in coastal and industrial areas to make investments in LNG. Overall, this effort to build out LNG infrastructure indicates they will be a source of long-term demand for natural gas supply, storage, transport, and technology and that LNG will continue to be a central consideration in energy strategies globally. You can place an order or ask any questions, please feel free to contact at sales@ +1 804 441 9344 Natural Gas Market Segmentation Resource Type Insights Why Is Unconventional Resource Dominated the Natural Gas Market in 2024? The unconventional resource segment dominates the natural gas market in 2024. This included sources, such as shale gas, tight gas, and coalbed methane. This segment's development has primarily been supported by new extraction techniques, such as hydraulic fracturing and horizontal drilling that have increased the recoverability of unconventional reserves. In addition, growing energy supplies and the global transition to cleaner fuels have all supported an increase in natural gas production from these resources, with North America and Asia being particularly important for others to gauge. The liquefied natural gas (LNG) segment expects the fastest growth during forecast period. LNG's flexibility in long-distance transportation and storage allows it to be an important, efficient segment of global energy trade. Countries without infrastructure for transporting natural gas in pipelines are turning to imports of LNG to fulfill their energy needs. Therefore, the segment continues to grow and expand as new LNG terminals open and there continues to be an investment in production and export facilities, especially the U.S., Qatar, and Australia, all contributing to this segment's rapid expansion in international markets. End Use Application Insights Which End Use Application Segment Dominates the Natural Gas Market in 2024? The power generation segment dominated the natural gas market in 2024, as nations around the world continue to focus on moving towards a cleaner energy mix. Natural gas is widely deployed in power plants because it generates fewer carbon emissions than coal and oil. Efficiency has also been improved with the introduction of combined cycle gas turbine technology. Hence, natural gas is fuelling electricity generation in both developed and developing countries. The residential segment expects the fastest growing in the forecast period. This is largely driven by increasing population urbanization rates, increasing gas distribution systems and favourable government policies promoting the use of natural gas for cooking and household heating. Several countries, especially those in Asia and the Middle East, have invested in increasing piped natural gas networks to allow residences to access natural gas for homes, causing increased demand for this segment. Distribution Method Insights Why Pipeline is the Dominant Distribution Method for Natural Gas Market in 2024? The pipeline segment held the largest market share in 2024. There are significant advantages of pipelines, such as offering large-scale, consistent, and cost-effective transportation of natural gas. Pipeline infrastructure is at the center of the development within the domestic and cross-border energy supply chains, especially in North America, Europe, and some parts of Asia. The reliability, lower operational costs, and the ability to backup energy security has led to extensive use of pipelines. The LNG carrier segment is expected to experience the fastest growth throughout the forecast period. As the global demand for liquefied natural gas continues to grow, there are many countries investing heavily in LNG shipping fleets that are backed by LNG storage infrastructure. LNG carriers are well-suited for the longer-distance and varied transport of natural gas to regions that do not have a pipeline infrastructure to access it. Due to the rising involvements in international trading of LNG, especially from the U.S., Qatar, and Australia to countries in the Asia-Pacific and Europe regions, it is expected to be a very productive growth area. Regional Insights Why Did Asia Pacific Dominate the Natural Gas Market in 2024? Asia Pacific dominated the natural gas market in 2024 due to unparalleled energy demand, a growing industrial base, and an increasing commitment to moving beyond coal dependency. To meet demands, the region has substantial investments into LNG infrastructure, pipeline development, and a diversification of energy imports to guarantee energy security. The region's energy and natural gas consumption has increased across the board in response to urbanization, population growth, and economic growth from many countries investing in energy-related infrastructure and support of financial decisions. In addition to developing gas infrastructure, long-term ordering contracts with numerous LNG suppliers along with supportive governmental practices have secured the largest local natural gas buyer's future gas supply. Market Trends in China China has taken the lead in developing a natural gas market because of its significant decarbonization plan and existing industrial demand. China is continuing with its effort to improve the city gas distribution system, underground gas storage, and LNG terminals. The National Energy Administration has made clear through planning documentation that they consider natural gas to be a transitional fuel towards reducing coal dependency and improving air pollution and quality for the broader populations and regions. There is significant residential use expansion, new partnership development with natural gas exporters alongside government subsidies for clean energies, sustaining gas demand as a key driver for China and the larger Asia Pacific region's new consumption based. In March 2025, Woodside Energy signed a long-term contract with China Resources Gas for providing 0.6 million metric tonnes of LNG per year to China and the agreement begins in 2027. This agreement bolsters the position of Australia in China's burgeoning LNG import market alongside emerging energy security issues. Why North America showing up as the Fastest Growing Region in Natural Gas Market? North America expects the fastest growth in the natural gas market during the forecast period, fueled by technological advances, abundant shale gas reserves, and improved LNG infrastructure. North America has seen a growth of tens of millions of cubic feet of production capacity, especially in the United States and Canada, because of hydraulic fracturing technology and the expanding use of horizontal drilling Natural gas is being used for additional purposes in industrial heating, large-scale transportation including truck and rail, and even residential energy applications that will continue to foster development in the market within the region. Market Trends the U.S. The U.S. remains the center of the growth with LNG export capacity expected to increase further, with unprecedented production and export capabilities. According to data from the U.S. Energy Information Administration (EIA) In April 2025, for the fourth month in five months, dry natural gas production year over year (y/y) growth, hit a record 107.2 billion cubic feet per day (Bcf/d), a 5.4% (5.5 Bcf/d) increase compared to April 2024. Continued growth is expected given the strong demand in domestic and export markets. Natural gas is a critical component energy source in the U.S. energy mix with utilities transitioning to lower emitting fuels and using natural gas for a significant portion of its power generation production. Long-term supply contracts for LNG, from producers for Europe and Asia have resulted in the U.S. attaining a leading position in energy exports globally, supporting the impetus for North America's growth in natural gas. More Insights in Towards Chemical and Materials: Renewable Natural Gas Market : The global renewable natural gas market size was accounted for USD 14.33 billion in 2024 and is expected to be worth around USD 31.37 billion by 2034, growing at a compound annual growth rate (CAGR) of 8.15% during the forecast period 2025 to 2034. Oil & Gas Infrastructure Market : The global oil & gas infrastructure market size was reached at USD 752.19 billion in 2024 and is expected to be worth around USD 1,377.87 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.24% over the forecast period 2025 to 2034. Gas Separation Membrane Market : The global gas separation membrane market size was valued at approximately USD 1.85 billion in 2024 and is projected to grow at a CAGR of 6.95% from 2025 to 2034, reaching a value of USD 3.62 billion by 2034. Oil & Gas Market : The global Oil & Gas-market size was valued at USD 6.10 Trillion in 2024, grew to USD 6.33 Trillion in 2025, and is expected to hit around USD 8.79 Trillion by 2034, growing at a compound annual growth rate (CAGR) of 3.72% over the forecast period from 2025 to 2034. Natural Fiber Market ; The global natural fiber market size surpassed USD 73.55 billion in 2025 and is estimated to hit around USD 123.21 billion by 2034 growing at a CAGR of 5.9% from 2025 to 2034. Natural Aroma Chemicals Market : The global natural aroma chemicals market size was reached at USD 4.55 billion in 2024 and is estimated to surpass around USD 5.91 billion by 2034, growing at a compound annual growth rate (CAGR) of 2.65% during the forecast period 2025 to 2034. Natural Ferulic Acid Market : The global natural ferulic acid market size was reached at USD 14.82 billion in 2024 and is expected to hit around USD 30.40 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 7.45% during the forecast period 2025 to 2034. U.S. Oil & Gas Market : The U.S. oil & gas market volume is calculated at USD 1.55 trillion in 2024, grew to USD 1.61 trillion in 2025, and is projected to reach around USD 2.24 trillion by 2034. The market is expanding at a CAGR of 3.75% between 2025 and 2034. Europe Oil & Gas Infrastructure Market : The global Europe oil & gas infrastructure market size was reached at USD 85.11 billion in 2024 and is expected to be worth around USD 140.09 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.11% over the forecast period 2025 to 2034. Transparent Ceramics Market : The global transparent ceramics market size was reached at USD 619.40 million in 2024 and is expected to be worth around USD 2,409.47 million by 2034, growing at a compound annual growth rate (CAGR) of 14.55% over the forecast period 2025 to 2034. Asia Pacific Oil & Gas Infrastructure Market : The Asia Pacific oil & gas infrastructure market size accounted for USD 207.77 billion in 2025 and is forecasted to hit around USD 365.90 billion by 2034, representing a CAGR of 6.49% from 2025 to 2034. High-Temperature Insulation Materials Market : The global high-temperature insulation materials market size was reached at USD 9.11 billion in 2024 and is expected to be worth around USD 16.09 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.85% over the forecast period 2025 to 2034. Natural Gas Market Top Key Companies: ExxonMobil Chevron Royal Dutch Shell TotalEnergies BP Gazprom Qatar Petroleum ONGC (Oil and Natural Gas Corporation) Reliance Industries Limited Eni S.p.A. ConocoPhillips Equinor Petronas Sempra Energy Natural Gas Market Report Segmentation This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. For this study, Towards Chemical and Materials has segmented the global Natural Gas Market By Resource Type Conventional Natural Gas Unconventional Natural Gas (Shale Gas, Tight Gas, Coalbed Methane) Liquefied Natural Gas (LNG) By End-Use Application Power Generation Industrial Use Residential Commercial Transportation By Distribution Method Pipelines LNG Carriers Compressed Natural Gas (CNG) By Regional North America Europe Asia Pacific Latin America Middle East Africa Immediate Delivery Available | Buy This Premium Research Report@ About Us Towards Chemical and Materials is a leading global consulting firm specializing in providing comprehensive and strategic research solutions across the chemical and materials industries. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. 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Natural Gas Market Size to Hit USD 6.96 Trillion by 2034
According to Towards Chemical and Materials, the global natural gas market size was valued at USD 4.19 trillion in 2024 and is expected to hit around USD 6.96 trillion by 2034, growing at a compound annual growth rate (CAGR) of 5.20% over the forecast period from 2025 to 2034. Ottawa, Aug. 07, 2025 (GLOBE NEWSWIRE) -- The global natural gas market size is calculated at USD 4.19 trillion in 2024, grew to USD 4.41 trillion in 2025, and is projected to reach around USD 6.96 trillion by 2034. The market has a sustained growth trajectory as demand increasingly rises from LNG exports, electricity usage from data centres, and use in the power and industrial sectors. A study published by Towards Chemical and Materials a sister firm of Precedence Research. Get All the Details in Our Solutions –Download Sample: Natural Gas Market Overview Natural gas is a fossil fuel primarily made up of methane, which is used as a clean-burning fuel source for electricity production, heating, and industrial uses, and it is a primary feedstock in the production of chemicals and fertilizers. The natural gas markets are driven by global demand for cleaner alternatives to existing fossil fuel energy sources, by rising electricity demand, and the increasing use of natural gas in transportation and industry. Developments in liquefied natural gas (LNG) technology and pipeline infrastructure developments are facilitating market trade opportunities between countries. While North America is generally the largest producer, in terms of consumer markets, Asia Pacific with its wok and rising energy needs and with a focus on how to replace coal with cleaner fuel sources, is the fastest growing consumer market. Natural Gas Market Major Trends? Growth in LNG Trade- The demand for flexible, cross-border energy supply is driving investment in LNG terminals, which will allow access to, and logistics for, natural gas on a much larger scale globally. Coal-to-gas Shift- Countries are moving from coal to natural gas for energy generation purposes to reduce carbon emissions - this coincides with clean energy goals of countries, as well as environmental policies framed by national government commitments to global climate agreements. Growth of Gas Infrastructure- The development of pipelines, storage, and distribution systems is, and will continue to further, reliable supply access and reliability, especially in emerging economies where demands for energy are exploding. Partnership with Renewable Energy- Natural gas is increasingly being incorporated as a back-up temporary source of fuel for intermittent renewable sources like solar and wind, while still providing low emitting gas during times of peak demand that would otherwise be higher emitting power generation sources. Natural gas is a relatively clean-burning fossil fuel Burning natural gas for energy results in fewer emissions of nearly all types of air pollutants and carbon dioxide (CO2) emissions than burning coal or petroleum products to produce an equal amount of energy. For comparison, for every 1 million Btu consumed (burned), more than 200 pounds of CO2 are produced from coal and more than 160 pounds of CO2 are produced from fuel oil. The clean-burning properties of natural gas have contributed to increased natural gas use for electricity generation and for fleet vehicle fuel in the United States. Natural gas is mainly methane—a strong greenhouse gas Some natural gas leaks into the atmosphere from oil and natural gas wells, storage tanks, pipelines, and processing plants. The U.S. Environmental Protection Agency estimates that in 2021, methane emissions from natural gas and petroleum systems and from abandoned oil and natural gas wells were the source of about 33% of total U.S. methane emissions and about 4% of total U.S. greenhouse gas emissions.1 The oil and natural gas industry takes steps to prevent natural gas leaks. The U.S. Energy Information Administration (EIA) estimates that in 2022, U.S. CO2 emissions from burning natural gas for energy accounted for about 35% of total U.S. energy-related CO2 emissions. Invest in Premium Global Insights Immediate Delivery Available @ Natural Gas Market Report Scope Report Attribute Details Market size value in 2025 USD 4.41 Trillion Revenue forecast in 2034 USD 6.96 Trillion Growth rate CAGR of 5.20% from 2025 to 2034 Actual data 2020 - 2024 Forecast period 2025 - 2034 Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends Segments covered By Resource Type, By End-Use Application, By Distribution Method, By Region Key companies profiled ExxonMobil, Chevron, Royal Dutch Shell, TotalEnergies, BP, Gazprom, Qatar Petroleum, ONGC (Oil and Natural Gas Corporation), Reliance Industries Limited,Eni S.p.A., ConocoPhillips, Equinor, Petronas, Sempra Energy. Elevate your Chemical strategy with Towards Chemical and Materials. Enhance efficiency and achieve superior results - schedule a call today: Growth Factor Will Surge in Power Generation Demand Fuel Natural Gas Market Expansion? A significant global driver of the natural gas market is the rapid growth in gas-fired electricity generation as evidenced by the U.S. Energy Information Administration (EIA) and the International Energy Agency (IEA) reports post-2023. In the same year, total natural gas consumption in the U.S. increased approximately 1% to 89.4 billion cubic feet per day (Bcf/d), including a 6.7% increase (2.2 Bcf/d) in the electric power sector accounting for nearly 40% of total gas consumption. On a global scale, the IEA reported that industry and power sectors contributed approximately 75% to incremental gas demand growth as gas demand for electricity generation increased by nearly 2.8% year-on-year in 2024. heatwaves in China, India, and the U.S. resulted in spikes in gas burn for power grid stability in the summer of 2024. As governments and grid operators continue to use natural gas to balance variable renewables and energy security and the global demand for natural gas remains elevated, it is clear that power generation remains a critical driver of expansion in the natural gas market. Market Opportunity Is the Surge in LNG Infrastructure Opening Global Growth Avenues for Natural Gas? There are substantial opportunities in the natural gas space based on rapid growth in liquefied natural gas (LNG) infrastructure, as there is increasing demand for energy worldwide, along with shifts in geopolitical factors. Countries that were historically reliant on Russian pipeline supply, such as Germany, Poland, and Finland, have started to fast-track the construction of LNG terminals to expand their energy sources. For Instance, In May 2025, The Wilhelmshaven 02 FSRU, developed by Deutsche Energy Terminal (DET), was fully integrated into the grid in approximately 2.5 years and was subsequently incorporated into Germany's gas grid rapid timing. At the same time, India and Asian countries are also building small-scale networks in coastal and industrial areas to make investments in LNG. Overall, this effort to build out LNG infrastructure indicates they will be a source of long-term demand for natural gas supply, storage, transport, and technology and that LNG will continue to be a central consideration in energy strategies globally. You can place an order or ask any questions, please feel free to contact at sales@ +1 804 441 9344 Natural Gas Market Segmentation Resource Type Insights Why Is Unconventional Resource Dominated the Natural Gas Market in 2024? The unconventional resource segment dominates the natural gas market in 2024. This included sources, such as shale gas, tight gas, and coalbed methane. This segment's development has primarily been supported by new extraction techniques, such as hydraulic fracturing and horizontal drilling that have increased the recoverability of unconventional reserves. In addition, growing energy supplies and the global transition to cleaner fuels have all supported an increase in natural gas production from these resources, with North America and Asia being particularly important for others to gauge. The liquefied natural gas (LNG) segment expects the fastest growth during forecast period. LNG's flexibility in long-distance transportation and storage allows it to be an important, efficient segment of global energy trade. Countries without infrastructure for transporting natural gas in pipelines are turning to imports of LNG to fulfill their energy needs. Therefore, the segment continues to grow and expand as new LNG terminals open and there continues to be an investment in production and export facilities, especially the U.S., Qatar, and Australia, all contributing to this segment's rapid expansion in international markets. End Use Application Insights Which End Use Application Segment Dominates the Natural Gas Market in 2024? The power generation segment dominated the natural gas market in 2024, as nations around the world continue to focus on moving towards a cleaner energy mix. Natural gas is widely deployed in power plants because it generates fewer carbon emissions than coal and oil. Efficiency has also been improved with the introduction of combined cycle gas turbine technology. Hence, natural gas is fuelling electricity generation in both developed and developing countries. The residential segment expects the fastest growing in the forecast period. This is largely driven by increasing population urbanization rates, increasing gas distribution systems and favourable government policies promoting the use of natural gas for cooking and household heating. Several countries, especially those in Asia and the Middle East, have invested in increasing piped natural gas networks to allow residences to access natural gas for homes, causing increased demand for this segment. Distribution Method Insights Why Pipeline is the Dominant Distribution Method for Natural Gas Market in 2024? The pipeline segment held the largest market share in 2024. There are significant advantages of pipelines, such as offering large-scale, consistent, and cost-effective transportation of natural gas. Pipeline infrastructure is at the center of the development within the domestic and cross-border energy supply chains, especially in North America, Europe, and some parts of Asia. The reliability, lower operational costs, and the ability to backup energy security has led to extensive use of pipelines. The LNG carrier segment is expected to experience the fastest growth throughout the forecast period. As the global demand for liquefied natural gas continues to grow, there are many countries investing heavily in LNG shipping fleets that are backed by LNG storage infrastructure. LNG carriers are well-suited for the longer-distance and varied transport of natural gas to regions that do not have a pipeline infrastructure to access it. Due to the rising involvements in international trading of LNG, especially from the U.S., Qatar, and Australia to countries in the Asia-Pacific and Europe regions, it is expected to be a very productive growth area. Regional Insights Why Did Asia Pacific Dominate the Natural Gas Market in 2024? Asia Pacific dominated the natural gas market in 2024 due to unparalleled energy demand, a growing industrial base, and an increasing commitment to moving beyond coal dependency. To meet demands, the region has substantial investments into LNG infrastructure, pipeline development, and a diversification of energy imports to guarantee energy security. The region's energy and natural gas consumption has increased across the board in response to urbanization, population growth, and economic growth from many countries investing in energy-related infrastructure and support of financial decisions. In addition to developing gas infrastructure, long-term ordering contracts with numerous LNG suppliers along with supportive governmental practices have secured the largest local natural gas buyer's future gas supply. Market Trends in China China has taken the lead in developing a natural gas market because of its significant decarbonization plan and existing industrial demand. China is continuing with its effort to improve the city gas distribution system, underground gas storage, and LNG terminals. The National Energy Administration has made clear through planning documentation that they consider natural gas to be a transitional fuel towards reducing coal dependency and improving air pollution and quality for the broader populations and regions. There is significant residential use expansion, new partnership development with natural gas exporters alongside government subsidies for clean energies, sustaining gas demand as a key driver for China and the larger Asia Pacific region's new consumption based. In March 2025, Woodside Energy signed a long-term contract with China Resources Gas for providing 0.6 million metric tonnes of LNG per year to China and the agreement begins in 2027. This agreement bolsters the position of Australia in China's burgeoning LNG import market alongside emerging energy security issues. Why North America showing up as the Fastest Growing Region in Natural Gas Market? North America expects the fastest growth in the natural gas market during the forecast period, fueled by technological advances, abundant shale gas reserves, and improved LNG infrastructure. North America has seen a growth of tens of millions of cubic feet of production capacity, especially in the United States and Canada, because of hydraulic fracturing technology and the expanding use of horizontal drilling Natural gas is being used for additional purposes in industrial heating, large-scale transportation including truck and rail, and even residential energy applications that will continue to foster development in the market within the region. Market Trends the U.S. The U.S. remains the center of the growth with LNG export capacity expected to increase further, with unprecedented production and export capabilities. According to data from the U.S. Energy Information Administration (EIA) In April 2025, for the fourth month in five months, dry natural gas production year over year (y/y) growth, hit a record 107.2 billion cubic feet per day (Bcf/d), a 5.4% (5.5 Bcf/d) increase compared to April 2024. Continued growth is expected given the strong demand in domestic and export markets. Natural gas is a critical component energy source in the U.S. energy mix with utilities transitioning to lower emitting fuels and using natural gas for a significant portion of its power generation production. Long-term supply contracts for LNG, from producers for Europe and Asia have resulted in the U.S. attaining a leading position in energy exports globally, supporting the impetus for North America's growth in natural gas. More Insights in Towards Chemical and Materials: Renewable Natural Gas Market : The global renewable natural gas market size was accounted for USD 14.33 billion in 2024 and is expected to be worth around USD 31.37 billion by 2034, growing at a compound annual growth rate (CAGR) of 8.15% during the forecast period 2025 to 2034. Oil & Gas Infrastructure Market : The global oil & gas infrastructure market size was reached at USD 752.19 billion in 2024 and is expected to be worth around USD 1,377.87 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.24% over the forecast period 2025 to 2034. Gas Separation Membrane Market : The global gas separation membrane market size was valued at approximately USD 1.85 billion in 2024 and is projected to grow at a CAGR of 6.95% from 2025 to 2034, reaching a value of USD 3.62 billion by 2034. Oil & Gas Market : The global Oil & Gas-market size was valued at USD 6.10 Trillion in 2024, grew to USD 6.33 Trillion in 2025, and is expected to hit around USD 8.79 Trillion by 2034, growing at a compound annual growth rate (CAGR) of 3.72% over the forecast period from 2025 to 2034. Natural Fiber Market ; The global natural fiber market size surpassed USD 73.55 billion in 2025 and is estimated to hit around USD 123.21 billion by 2034 growing at a CAGR of 5.9% from 2025 to 2034. Natural Aroma Chemicals Market : The global natural aroma chemicals market size was reached at USD 4.55 billion in 2024 and is estimated to surpass around USD 5.91 billion by 2034, growing at a compound annual growth rate (CAGR) of 2.65% during the forecast period 2025 to 2034. Natural Ferulic Acid Market : The global natural ferulic acid market size was reached at USD 14.82 billion in 2024 and is expected to hit around USD 30.40 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 7.45% during the forecast period 2025 to 2034. U.S. Oil & Gas Market : The U.S. oil & gas market volume is calculated at USD 1.55 trillion in 2024, grew to USD 1.61 trillion in 2025, and is projected to reach around USD 2.24 trillion by 2034. The market is expanding at a CAGR of 3.75% between 2025 and 2034. Europe Oil & Gas Infrastructure Market : The global Europe oil & gas infrastructure market size was reached at USD 85.11 billion in 2024 and is expected to be worth around USD 140.09 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.11% over the forecast period 2025 to 2034. Transparent Ceramics Market : The global transparent ceramics market size was reached at USD 619.40 million in 2024 and is expected to be worth around USD 2,409.47 million by 2034, growing at a compound annual growth rate (CAGR) of 14.55% over the forecast period 2025 to 2034. Asia Pacific Oil & Gas Infrastructure Market : The Asia Pacific oil & gas infrastructure market size accounted for USD 207.77 billion in 2025 and is forecasted to hit around USD 365.90 billion by 2034, representing a CAGR of 6.49% from 2025 to 2034. High-Temperature Insulation Materials Market : The global high-temperature insulation materials market size was reached at USD 9.11 billion in 2024 and is expected to be worth around USD 16.09 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.85% over the forecast period 2025 to 2034. Natural Gas Market Top Key Companies: ExxonMobil Chevron Royal Dutch Shell TotalEnergies BP Gazprom Qatar Petroleum ONGC (Oil and Natural Gas Corporation) Reliance Industries Limited Eni S.p.A. ConocoPhillips Equinor Petronas Sempra Energy Natural Gas Market Report Segmentation This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. For this study, Towards Chemical and Materials has segmented the global Natural Gas Market By Resource Type Conventional Natural Gas Unconventional Natural Gas (Shale Gas, Tight Gas, Coalbed Methane) Liquefied Natural Gas (LNG) By End-Use Application Power Generation Industrial Use Residential Commercial Transportation By Distribution Method Pipelines LNG Carriers Compressed Natural Gas (CNG) By Regional North America Europe Asia Pacific Latin America Middle East Africa Immediate Delivery Available | Buy This Premium Research Report@ About Us Towards Chemical and Materials is a leading global consulting firm specializing in providing comprehensive and strategic research solutions across the chemical and materials industries. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. Our Trusted Data Partners Precedence Research | Statifacts | Towards Packaging | Towards Healthcare | Towards Food and Beverages | Towards Chemical and Materials | Towards Consumer Goods | Nova One Advisor | For Latest Update Follow Us: USA: +1 804 441 9344 APAC: +61 485 981 310 or +91 87933 22019 Europe: +44 7383 092 044 Email: sales@ Web: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Exclusive Report by Towards Chemical and Materials Consulting
According to Towards Chemical and Materials consultants, the bioplastics-market volume was valued at 1,140,000.0. tons in 2024, grew to 1,373,016.0 tons in 2025, and is expected to hit around 73,21,706.6 tons by 2034, growing at a compound annual growth rate (CAGR) of 20.44% over the forecast period from 2025 to 2034. North America dominated the bioplastics market with a market volume share of 35.62% in 2024. Ottawa, Aug. 07, 2025 (GLOBE NEWSWIRE) -- The global bioplastics market volume was reached at 11,40,000.0 tons in 2024 and is expected to be worth around 73,21,706.6 tons by 2034, growing at a compound annual growth rate (CAGR) of 20.44% over the forecast period 2025 to 2034. A study published by Towards Chemical and Materials a sister firm of Precedence Research. Get All the Details in Our Solutions –Download Sample: Bioplastics Market Overview Bioplastics are bio-based or biodegradable polymers made from renewable resources like cellulose, sugarcane, or corn starch. They are environmentally friendly substitutes for traditional plastics in the consumer goods, automotive, packaging, and agricultural industries. Growing environmental concerns, strict laws governing single-use plastics, and rising demand for environmentally friendly packaging options are driving the bioplastics market. Wider industrial adoption is now possible due to improved material performance brought about by technological advancements. Asia Pacific is becoming a significant production hub, while Europe leads in both consumption and regulatory support. Growing consumer awareness and brand sustainability objectives continue to spur global market expansion and investment despite increased costs. Bioplastics Market Trends ? Adoption of Drop-In Bioplastics: Bio-based PET, PE, and PP are becoming increasingly popular because they have properties like those of conventional plastics and can be used with current manufacturing systems, which lowers the transition costs for businesses using sustainable alternatives. Surge in compostable bioplastics: Growth in Bioplastics That Can Be Compiled: Due to their biodegradability, compliance with international single-use plastics bans, and expanding composting infrastructure, materials like PLA and PHA are being utilized more in packaging and agriculture. Shift to Next-Gen Feedstocks: Producers are using agricultural waste, algae, and CO₂ to create bioplastics, which help to improve sustainability and enable more low-carbon and circular production models while lowering dependency on food crops. Elevate your Chemical strategy with Towards Chemical and Materials. Enhance efficiency and achieve superior results - schedule a call today: Bioplastics Market Report Scope Report Attribute Details Market Volume / size in 2025 13,73,016.0 Tons/ USD 18.40 billion Expected Volume / Revenue by 2034 73,21,706.6 Tons/ USD 44.77 billion Growth rate CAGR of 8.68% from 2025 to 2034 Historical data 2019 - 2025 Base year 2024 Forecast period 2025 - 2030 Quantitative units Revenue in USD million, volume in kilotons, and CAGR from 2025 to 2034 Report coverage Revenue forecast, competitive landscape, growth factors and trends Segments covered By Product Type, By Feedstock Source, By Processing Technology, By End-Use Industry, By Region, Key companies profiled TEIJIN LIMITED; Toray Industries, Inc.; Toyota Tsusho Corporation; Avantium; PTT MCC Biochem Co., Ltd.; An Phat Holdings; NatureWorks LLC; SABIC; BASF; Futerro; Trinseo; Braskem S.A.; TotalEnergies Corbion; ECPlaza Network Inc.; Solvay AI Sparks a Sustainable Shift in the Bioplastics Industry Artificial intelligence is speeding up the green transition in the bioplastics industry by optimizing material discovery, improving production efficiency, and supporting circular design strategies. At the forefront, in January 2025, the Netherlands, TNO scientists launched polySCOUT, an AI-powered tool that designs compostable polymers. It aims to balance durability, biodegradability, and microplastic reduction. AI also assists in analyzing feedstocks, identifying waste-derived raw materials more efficiently. Predictive analytics are now employed in bioplastic waste stream management to reduce contamination and boost recycling yields. These innovations not only lessen environmental impact but also significantly decrease development time and costs. As industries look for alternatives to fossil-based plastics, AI's ability to model, test, and scale sustainable materials provides a key advantage in meeting global sustainability goals and consumer demand. Bioplastics Market Driving Factor Is Concern Over Petrochemical Toxicity and Oil Scarcity Accelerating Biopolymer Adoption? A key factor pushing the bioplastics market is the growing worry about toxic petrochemical plastics and decreasing crude oil supplies. A recent study in the journal eBioMedicine reported 356,238 deaths due to Di-2-ethylhexyphthalate (DEHP) exposure 98% of which were attributed to plastics. This is related to chemicals like DEHP and PFAS found in everyday products, increasing the need for safer options. At the same time, researchers in March 2024 identified 16,000 different chemicals over which 4,200 around 26% of persistent and toxic chemicals in plastics, including bioplastics, highlighting industry risks and regulatory attention. These health and environmental issues are driving policymakers and industry leaders to speed up the shift toward renewable, low-toxicity bio-based polymers. Production capacity is rising worldwide, with bio-based polymer output expected to grow significantly by 2029. This creates a major opportunity for suppliers to provide truly sustainable alternatives that reduce reliance on fossil fuels and lower public health risks. Market Opportunity Could Stricter Single-Use Plastic Laws Spark a Global Boom in Bioplastics? A major opportunity in the bioplastics market comes from increasing rules on single-use plastics and recycling duties around the world. In the EU, the Single-Use Plastics Directive and new packaging waste regulations require 25 and 30% recycled content in bottles by 2025 and 2030 respectively. They also ban many traditional single-use items, with no exemptions for bio-based plastics. This pushes companies toward certified compostables and bioplastics. These policy changes increase the demand for bioplastics and certified sustainable materials. This presents significant growth potential for compliant suppliers taking advantage of the required changes in packaging. Limitations and Challenges in the Bioplastics Market High Production Costs - Bioplastics cost more to produce than traditional plastics because of expensive raw materials and specialized processing methods. This price difference limits their use, especially in industries like packaging and consumer goods that are sensitive to costs. Limited Industrial Composting Infrastructure- Many bioplastics need industrial composting conditions to break down properly, but these facilities are missing in most areas. Without the right disposal systems, bioplastics often go to landfills, reducing their environmental advantages. Competition with Food Resources - Some bioplastics come from crops like corn and sugarcane, causing concerns about competition for land and resources with food production. This raises ethical and environmental issues that could slow market growth. Invest in Premium Global Insights Immediate Delivery Available @ Why Did Asia Pacific Region Dominated the Bioplastics Market in 2024? The Asia Pacific bioplastic market volume was estimated at 406,068.00 tons in 2024 and is anticipated to reach 3,012,696.72 Tons by 2034, growing at a CAGR of 22.19% from 2025 to 2034. Asia Pacific dominates the bioplastics market in 2024 because of its strong manufacturing base, supportive government policies, and growing environmental awareness. The region's rising demand for sustainable packaging, particularly in the food, beverage, and consumer goods sectors, encourages large-scale use of bioplastics. Local production of bio-based feedstocks, especially in agricultural economies, offers a cost advantage and increases supply. Additionally, several regional initiatives that focus on plastic bans and alternatives to single-use plastics have sped up the shift toward biodegradable materials in countries like India, China, and Thailand. China Market Trends China remains the main player in the Asia Pacific bioplastics market, fueled by its vast industrial ecosystem and government rules on plastic pollution control. In 2024, China continued its gradual bans on non-degradable plastics in e-commerce, postal services, and food delivery. This pushed companies to quickly adopt bioplastics. The country has made significant investments in research and development and pilot plants for producing PLA and PHA bioplastics. Notably, China exported 205 shipments of biodegradable plastic between November 2023 and October 2024. These exports, handled by 79 Chinese exporters to 79 buyers, showed an impressive 54% increase compared to the previous year. This highlights China's rapid growth in bioplastics trade and production. Bioplastics Market Volume Share, By Region, 2024-2034 (%) By Region Volume Share, 2024 (%) Market Volume Tons - 2024 Market Volume Tons - 2034 CAGR (2025 - 2034) Volume Share, 2034 (%) North America 21.14 % 240,996.0 1,633,472.7 23.69 % 22.31 % Europe 30.41 % 346,674.0 2,152,581.7 22.49 % 29.40 % Asia Pacific 35.62 % 406,068.0 2,465,950.8 22.19 % 33.68 % Latin America 7.32 % 83,448.0 593,058.2 24.35 % 8.10 % Middle East & Africa 5.51 % 62,814.0 476,643.1 25.25 % 6.51 % Total 100.00 % 1,140,000.0 7,321,706.6 20.44 % 100.00 % Why Is Europe the Fastest-Growing Region in the Bioplastics Market? Europe expects the fastest growth in the bioplastics market during the forecast period, because more consumers prefer sustainable products and strict environmental policies, like the EU Single-Use Plastics Directive. Governments in the region are supporting the development of bio-based materials through subsidies, innovation funding, and partnerships between public and private sectors. Major retail and FMCG brands are also moving toward compostable and recyclable packaging to reach their climate goals. Increased investments in circular economy projects and bio-economy strategies are creating a favorable environment for bioplastics to succeed in both industrial and consumer sectors. Germany Leading Europe's Growth in Bioplastics Germany is a key growth driver in Europe due to its strong recycling infrastructure, significant research and development capabilities, and environmentally-friendly regulations. The German government's focus on reducing CO₂ emissions and its leadership in the European Green Deal initiatives have pushed industries to look at bioplastics as practical alternatives to fossil-based plastics. Universities and research centers are actively working on developing new biopolymers and improving the effectiveness of biodegradable plastics. In 2024, several German startups and packaging companies expanded their production lines for compostable films and containers to meet rising demand from both local and EU customers. Bioplastics Market Segmentation Product Type Insights Which Product Type is Dominated the Bioplastics Market in 2024? The bio-based non-biodegradable plastics segment dominated the bioplastics market in 2024, this was mainly because of their common use in packaging, automotive parts, and consumer goods. These plastics, such as bio-based PET and PE, have similar properties to regular plastics but come from renewable sources. This makes them appealing to industries that want to lessen their environmental impact. Their fit with current recycling systems has also encouraged widespread use, particularly in developed areas. The biodegradable plastics segment is expected to grow the fastest during the forecast period. Rising consumer interest in eco-friendly options and stricter rules against single-use plastics are boosting their use in areas like food packaging, compost bags, and medical products. Bioplastics Market Volume Share, By Product Type, 2024-2034 (%) By Product Type Volume Share, 2024 (%) Market Volume Tons - 2024 Market Volume Tons - 2034 CAGR (2025 - 2034) Volume Share, 2034 (%) Bio-Based Non-Biodegradable Plastics 61.88 % 705,432.0 4,384,237.9 22.51 % 59.88 % Biodegradable Plastics 38.12 % 434,568.0 2,937,468.7 23.66 % 40.12 % Total 100.00 % 1,140,000.0 7,321,706.6 20.44 % 100.00 % Feed Stock Source Insights Which Feed Stock Source Segment Is Dominated The Bioplastics Market? The starch-based feedstock segment dominated the bioplastics market in 2024, because it is widely available and cost-effective. Starch-based bioplastics are commonly used in packaging and agriculture because they break down naturally and fit well with current plastic production methods. Their increased use in the automotive and consumer goods industries for making lightweight, sustainable parts further strengthens their position in markets seeking eco-friendly options. The algae-based segment is set to expand the quickest during the forecast period. This growth comes from more innovation in bio-refining technologies and a growing interest in materials that decompose naturally. Algae-based bioplastics offer benefits such as quick growth cycles, low resource use, and the ability to store carbon. Processing Technology Insights Which Processing Technology is Dominant in Bioplastics Market? The injection moulding segment held the largest share in 2024. This was due to its flexibility and ability to produce complex, high-strength bioplastic parts at scale. Industries like packaging, automotive, and consumer goods widely use this technique because it allows for precise design and strong structures. Its ability to work with both biodegradable and non-biodegradable bioplastics also boosts its use in various sectors focused on sustainable manufacturing. The 3D printing segment is likely to grow the fastest during the forecast period. The rising demand for customized, lightweight, and quickly produced bioplastic products in medical devices, prototyping, and consumer applications is fueling its rapid adoption. End Use Insights Why did the Packaging Segment Dominate the Bioplastics Market in 2024? The packaging segment held the largest share in the bioplastics market in 2024, due to the increasing demand for sustainable options in food, beverage, and consumer goods packaging. Bioplastics are quickly being used to make eco-friendly containers, films, and wrappers that meet both functional and regulatory standards. Their smaller environmental impact compared to traditional plastics makes them a popular choice for manufacturers and retailers aiming for sustainability. The medical and healthcare segment is expected to grow the fastest during the forecast period. This growth is linked to the rising use of bioplastics in surgical instruments, drug delivery systems, and medical implants. Their biocompatibility and ability to break down naturally make them suitable for healthcare applications. For more information, visit the Towards Chemical and Materials website or email the team at sales@ +1 804 441 9344 More Insights in Towards Chemical and Materials: Bio-Based Polyurethane Market : The global bio-based polyurethane market volume was reached at 4.86 million tons in 2024 and is expected to be worth around 10.73 million tons by 2034, growing at a compound annual growth rate (CAGR) of 8.24% over the forecast period 2025 to 2034. Polypropylene Market : The global polypropylene market volume was reached at 87.21 million tons in 2024 and is expected to be worth around 135.05 million tons by 2034, growing at a compound annual growth rate (CAGR) of 4.47% over the forecast period 2025 to 2034. Biomaterials Market : The global biomaterials market volume was reached at 805.32 kilo tons in 2024 and is expected to be worth around 1850.43 kilo tons by 2034, growing at a compound annual growth rate (CAGR) of 8.68% over the forecast period 2025 to 2034. PFAS Free Chemicals Market : The global PFAS free chemicals market volume was valued at 211.23 kilo tons in 2024 and is expected to reach around 905.32 kilo tons by 2034, growing at a CAGR of 15.67% from 2025 to 2034. Sustainable EPDM Market : The global sustainable EPDM (ethylene propylene diene monomer) market volume was reached at 1,80,000.0 tons in 2024 and is expected to be worth around 2,61,364.2 tons by 2034, growing at a compound annual growth rate (CAGR) of 3.80% over the forecast period 2025 to 2034. Bio-based Solvents Market : The global bio-based solvents market volume was reached at 13,00,000.0 tons in 2024 and is expected to be worth around 25,81,297.5 tons by 2034, growing at a compound annual growth rate (CAGR) of 7.10% over the forecast period 2025 to 2034. Bio-based Surfactants Market : The global bio-based surfactants market volume is calculated at 5,96,016.3 tons in 2024, grew to 6,18,664.9 tons in 2025 and is predicted to hit around 8,65,429.5 tons by 2034, expanding at healthy CAGR of 3.80% between 2025 and 2034. Oil & Gas Market : The global Oil & Gas-market size was valued at USD 6.10 Trillion in 2024, grew to USD 6.33 Trillion in 2025, and is expected to hit around USD 8.79 Trillion by 2034, growing at a compound annual growth rate (CAGR) of 3.72% over the forecast period from 2025 to 2034. Oil & Gas Infrastructure Market : The global oil & gas infrastructure market size was reached at USD 752.19 billion in 2024 and is expected to be worth around USD 1,377.87 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.24% over the forecast period 2025 to 2034. U.S. Oil & Gas Market : The U.S. oil & gas market volume is calculated at USD 1.55 trillion in 2024, grew to USD 1.61 trillion in 2025, and is projected to reach around USD 2.24 trillion by 2034. The market is expanding at a CAGR of 3.75% between 2025 and 2034. Europe Green Building Materials Market : The was reached at 169.9 million tons in 2024 and is expected to be worth around 406.7 million tons by 2034, growing at a compound annual growth rate (CAGR) of 9.12% over the forecast period 2025 to 2034. Bioplastics Market Top Companies NatureWorks LLC- Leading producer of Ingeo™ PLA bioplastics, derived from renewable plant sugars, widely used in packaging and fibers. TotalEnergies Corbion- Joint venture producing PLA and lactic acid, focusing on renewable bioplastics for packaging and agriculture. BASF SE- Offers biodegradable plastics like ecovio® and is advancing biopolymer research for various applications. Novamont S.p.A.- Develops Mater-Bi®, a compostable bioplastic used in packaging, agriculture, and bags, promoting circular economy. Biome Bioplastics- Specializes in biodegradable polymers for packaging, agriculture, and consumer goods, emphasizing compostability. Mitsubishi Chemical Group- Produces bio-based polymers and focuses on sustainable materials for packaging and automotive industries. Danimer Scientific- Manufactures PHA bioplastics from renewable resources, used in packaging and single-use products. FKuR Kunststoff GmbH- Develops biodegradable and bio-based plastics, offering custom compounds for various industries. Braskem S.A.- Produces bio-based polyethylene from sugarcane, a leading player in green polyolefins. Toray Industries Inc.- Engaged in bio-based polymer production and R&D, focusing on fibers and films for diverse applications. Evonik Industries AG- Produces bio-based building blocks and specialty chemicals, enabling bioplastic innovation and performance. Bioplastics Market Top Key Companies: NatureWorks LLC TotalEnergies Corbion BASF SE Novamont S.p.A. Biome Bioplastics Mitsubishi Chemical Group Danimer Scientific FKuR Kunststoff GmbH Braskem S.A. Toray Industries Inc. Evonik Industries AG Green Dot Bioplastics Plantic Technologies (Kuraray Co. Ltd.) Teijin Limited Tipa Corp. Ltd. Biotec GmbH Anellotech Inc. Trifilon AB Cardia Bioplastics Synbra Technology BV What is Going Around the Globe? In November 2024, Fortum has created a fully biodegradable plastic made entirely from captured carbon dioxide. This innovation provides a fossil-free alternative to traditional plastics. It supports carbon recycling efforts and promotes sustainable packaging solutions in various industrial sectors. In September 2024, CSIRO and Murdoch University have set up a Bioplastics Innovation Hub in Australia with US$8 million collaboration. The hub aims to speed up the development of sustainable, biodegradable plastic alternatives. Its goal is to reduce plastic waste and support the commercialization of eco-friendly materials through collaboration between industry and academia. Bioplastics Market Report Segmentation This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2034. For this study, Towards Chemical and Materials has segmented the global Bioplastics Market By Product Type Bio-Based Non-Biodegradable Plastics Bio-Polyethylene (Bio-PE) Bio-Polyethylene Terephthalate (Bio-PET) Bio-Polyamides (Bio-PA) Bio-Polypropylene (Bio-PP) Biodegradable Plastics Polylactic Acid (PLA) Polyhydroxyalkanoates (PHA) Starch Blends Polybutylene Adipate Terephthalate (PBAT) Polybutylene Succinate (PBS) Cellulose-based Plastics By Feedstock Source Starch-based Sugarcane-based Cellulose-based Vegetable Oils & Fats Agricultural Waste Algae-based Others (e.g., wood chips, food waste) By Processing Technology Injection Molding Extrusion Blow Molding Thermoforming Others (e.g., 3D printing, rotational molding) By End-Use Industry Packaging Rigid Packaging Flexible Packaging Consumer Goods Electronics Household Items Toys Automotive & Transportation Interiors Exterior Panels Textiles Apparel Industrial Fabrics Agriculture Mulch Films Plant Pots Building & Construction Insulation Panels Medical & Healthcare Drug Delivery Systems Sutures Others 3D Printing Coatings & Adhesives By Regional North America Europe Asia Pacific Latin America Middle East Africa Immediate Delivery Available | Buy This Premium Research Report@ About Us Towards Chemical and Materials is a leading global consulting firm specializing in providing comprehensive and strategic research solutions across the chemical and materials industries. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. Our Trusted Data Partners Precedence Research | Statifacts | Towards Packaging | Towards Healthcare | Towards Food and Beverages | Towards Chemical and Materials | Towards Consumer Goods | Nova One Advisor | For Latest Update Follow Us: USA: +1 804 441 9344 APAC: +61 485 981 310 or +91 87933 22019 Europe: +44 7383 092 044 Email: sales@ Web:
