Liquefied Petroleum Gas Trends and Forecast
The future of the global liquefied petroleum gas market looks promising with opportunities in the residential, commercial, agriculture, industrial, and transportation markets. The global liquefied petroleum gas market is expected to reach an estimated $165.3 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are growing knowledge of the advantages of using liquefied petroleum gas in place of fossil fuels, technical advancements combined with an increasing number of government-LED campaigns to encourage rural residents to switch from liquefied petroleum gas to more conventional cooking fuels like kerosene, wood, and coal,as well as, rising use of green and clean energy sources in both developed and developing nations.Liquefied Petroleum Gas by Segment
The study includes a forecast for the global liquefied petroleum gas by source, application, and region.Liquefied Petroleum Gas Market by Source [Shipment Analysis by Value from 2018 to 2030]
- Refinery
- Associated Gas
- Non-Associated Gas
Liquefied Petroleum Gas Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Residential
- Commercial
- Agriculture
- Industrial
- Transportation
- Others
Liquefied Petroleum Gas Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Liquefied Petroleum Gas Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies liquefied petroleum gas companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the liquefied petroleum gas companies profiled in this report include-- Repsol
- China Gas Holdings
- Saudi Arabian Oil
- FLAGA
- Kleenheat
- Bharat Petroleum
- JGC HOLDINGS
- Phillips 66 Company
- Chevron
- Reliance Industries
Liquefied Petroleum Gas Market Insights
The publisher forecasts that non-associated gas will remain the largest segment over the forecast period due to increase in the amount of liquefied petroleum gas produced from non-associated gas sources.APAC will remain the largest region over the forecast period due to the increased population, a wealth of resources, and a strong demand for energy combined with simple affordability because of government subsidies for LPG cylinders in the region.
Features of the Global Liquefied Petroleum Gas Market
- Market Size Estimates: Liquefied petroleum gas market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Liquefied petroleum gas market size by source, application, and region in terms of value ($B).
- Regional Analysis: Liquefied petroleum gas market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different source, application, and regions for the liquefied petroleum gas market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the liquefied petroleum gas market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the liquefied petroleum gas market size?Answer: The global liquefied petroleum gas market is expected to reach an estimated $165.3 billion by 2030.
Q2. What is the growth forecast for liquefied petroleum gas market?
Answer: The global liquefied petroleum gas market is expected to grow with a CAGR of 3.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the liquefied petroleum gas market?
Answer: The major drivers for this market are growing knowledge of the advantages of using liquefied petroleum gas in place of fossil fuels, technical advancements combined with an increasing number of government-LED campaigns to encourage rural residents to switch from liquefied petroleum gas to more conventional cooking fuels like kerosene, wood, and coal,as well as, rising use of green and clean energy sources in both developed and developing nations.
Q4. What are the major segments for liquefied petroleum gas market?
Answer: The future of the global liquefied petroleum gas market looks promising with opportunities in the residential, commercial, agriculture, industrial, and transportation markets.
Q5. Who are the key liquefied petroleum gas market companies?
Answer: Some of the key liquefied petroleum gas companies are as follows:
- Repsol
- China Gas Holdings
- Saudi Arabian Oil
- FLAGA
- Kleenheat
- Bharat Petroleum
- JGC HOLDINGS
- Phillips 66 Company
- Chevron
- Reliance Industries
Answer: The publisher forecasts that non-associated gas will remain the largest segment over the forecast period due to increase in the amount of liquefied petroleum gas produced from non-associated gas sources.
Q7. In liquefied petroleum gas market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the increased population, a wealth of resources, and a strong demand for energy combined with simple affordability because of government subsidies for LPG cylinders in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the liquefied petroleum gas market by source (refinery, associated gas, and non-associated gas), application (residential, commercial, agriculture, industrial, transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Liquefied Petroleum Gas Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Repsol
- China Gas Holdings
- Saudi Arabian Oil
- FLAGA
- Kleenheat
- Bharat Petroleum
- JGC HOLDINGS
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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