Global Liquefied Petroleum Gas (LPG) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025

  • ID: 4431657
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  • Region: Global
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Liquefied Petroleum Gas (LPG) Market, By Source, By End Use and By Geography - Growth, Future Prospects and Competitive Analysis, 2017 - 2025, the global liquefied petroleum gas (LPG) market was valued at US$ 266.8 Bn in 2017, and is expected to each US$ 457.9 Bn by 2025, expanding at a CAGR of 3.5% from 2017 to 2025.

Market Insights

Global Liquefied Petroleum Gas (LPG) market is projected to witness enormous growth due to wide adoption of LPG as a cooking gas from residential sector replacing other cooking fuels. Further, favorable government initiatives especially in key consuming economies of Asia Pacific such as China, India and Indonesia to promote LPG as the cooking fuel with the focus to substitute conventional cooking fuels such as coal, kerosene and wood is anticipated to drive the demand for Liquefied petroleum gas (LPG) during the forecast period. Further, low greenhouse gases emission characteristics of LPG influencing governments to promote the adoption of LPG as auto fuel. This in turn is projected to drive the demand for LPG over the forecast period. However, volatile crude oil and natural gas price is expected to remain the key challenge for the global liquefied petroleum gas (LPG) market during the forecast period (2016-2024).

Asia Pacific is projected to be the key consuming market in global liquefied petroleum gas (LPG) market. Growing demand for cooking gas from residential sector coupled with various government initiatives such as subsidies on LPG cylinder to increase penetration of LPG as cooking fuel in emerging economies such as China and India influencing consumers to replace conventional cooking fuels such as wood, kerosene, coal. Further, increasing demand for LPG auto fuel due to growing awareness about the associated advantages of LPG as fuel in terms of greenhouse gases emission as well as cost-effectiveness of LPG as auto fuel is influencing consumers to adopt LPG as alternative transportation fuel. The region is also projected to witness highest growth over the forecast period (2016-2024).

By Source, natural gas well segment was the most dominant segment in 2015 and anticipated to continue its dominance of over the forecast period. Increasing exploration and production of natural gas reserves along with exploration and production of non-conventional shale gas reserves is anticipated to drive the growth of the segment during the forecast period (2016-2024). However, advancement in technology and growth in capacity expansion of refinery fueling the production of LPG is projected to drive the growth of refinery segment during the forecast period (2016-2024).

By application, residential segment was observed to be the largest segment in 2015 in Liquefied Petroleum Gas (LPG) market owing to wide adoption of the LPG as a cooking. Increasing penetration of LPG as cooking fuel in key consuming economies such as India and China is projected to drive the growth of the segment. According to Petroleum Planning and Analysis Cell (PPAC), the total consumption of LPG was 19.6mt in 2015. Further, in 2015, Nigeria witnessed 100% increase in domestic consumption of LPG. The segment is anticipated to grow at significant rate and projected to maintain its dominance over the forecast period (2016-2024).

Considering the competition, the global liquefied petroleum gas (LPG) market is expected to witness a significant rise in investment in capacity expansion for the production of auto gas as fuel. Further, market has witnessed strategic mergers and collaborations among liquefied petroleum gas (LPG) regional and global players. Such growth strategies are focused on increasing their market penetration in key consuming economies.
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1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global LPG Market Snapshot
2.1.1. Global LPG Market by Source, 2015
2.1.2. Global LPG Market by End Use, 2015
2.1.3. Global LPG Market by Geography, 2015
2.1.4. Market Drivers, Challenges and Trends

3. Global LPG Market Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Future Prospects
3.6. Impact Analysis of Drivers and Challenges
3.7. Porter’s Five Force Analysis
3.7.1. Bargaining Power Of Suppliers
3.7.2. Bargaining Power Of Buyers
3.7.3. Threat Of Substitutes
3.7.4. Threat Of New Entrants
3.7.5. Industry Rivalry

4. Global LPG Market Size (US$ Mn) (Mn Tons), By Source, 2015 - 2025
4.1. Overview
4.1.1. Market Share Analysis by Source, 2015 - 2025
4.1.2. Attractive Investment Proportion by Source
4.2. Natural Gas Well
4.3. Refinery

5. Global LPG Market Size (US$ Mn) (Mn Tons), By End Use, 2015 - 2025
5.1. Overview
5.1.1. Market Share Analysis by End Use, 2015 - 2025
5.1.2. Attractive Investment Proportion by End Use
5.2. Residential
5.3. Chemical
5.4. Industrial
5.5. Auto fuel
5.6. Refinery
5.7. Others (Agriculture)

6. Global LPG Market Size (US$ Mn) (Mn Tons), By Geography, 2015 - 2025
6.1. Overview
6.1.1. Market Share Analysis by Geography, 2015 - 2025
6.1.2. Attractive Investment Proportion by Geography
6.2. North America LPG Market Analysis, 2015 - 2025
6.2.1. North America LPG Market Size (US$ Mn) (Mn Tons), By Country, 2015 - 2025
6.2.1.1. U.S.
6.2.1.2. Canada
6.2.2. North America LPG Market Size (US$ Mn) (Mn Tons), By Source, 2015 - 2025
6.2.2.1. Natural Gas Well
6.2.2.2. Refinery
6.2.3. North America LPG Market Size (US$ Mn) (Mn Tons), By End Use, 2015 - 2025
6.2.3.1. Residential
6.2.3.2. Chemical
6.2.3.3. Industrial
6.2.3.4. Auto fuel
6.2.3.5. Refinery
6.2.3.6. Others (Agriculture)
6.3. Europe LPG Market Analysis, 2015 - 2025
6.3.1. Europe LPG Market Size (US$ Mn) (Mn Tons), By Country, 2015 - 2025
6.3.1.1. Russia
6.3.1.2. U.K
6.3.1.3. Rest of Europe
6.3.2. Europe LPG Market Size (US$ Mn) (Mn Tons), By Source, 2015 - 2025
6.3.2.1. Natural Gas Well
6.3.2.2. Refinery
6.3.3. Europe LPG Market Size (US$ Mn) (Mn Tons), By End Use, 2015 - 2025
6.3.3.1. Residential
6.3.3.2. Chemical
6.3.3.3. Industrial
6.3.3.4. Auto fuel
6.3.3.5. Refinery
6.3.3.6. Others (Agriculture)
6.4. Asia Pacific LPG Market Analysis, 2015 - 2025
6.4.1. Asia Pacific LPG Market Size (US$ Mn) (Mn Tons), By Country, 2015 - 2025
6.4.1.1. Japan
6.4.1.2. China
6.4.1.3. India
6.4.1.4. Rest of Asia Pacific
6.4.2. Asia Pacific LPG Market Size (US$ Mn) (Mn Tons), By Source, 2015 - 2025
6.4.2.1. Natural Gas Well
6.4.2.2. Refinery
6.4.3. Asia Pacific LPG Market Size (US$ Mn) (Mn Tons), By End Use, 2015 - 2025
6.4.3.1. Residential
6.4.3.2. Chemical
6.4.3.3. Industrial
6.4.3.4. Auto fuel
6.4.3.5. Refinery
6.4.3.6. Others (Agriculture)
6.5. Latin America LPG Market Analysis, 2015 - 2025
6.5.1. Latin America LPG Market Size (US$ Mn) (Mn Tons), By Country, 2015 - 2025
6.5.1.1. Brazil
6.5.1.2. Mexico
6.5.1.3. Rest of Latin America
6.5.2. Latin America LPG Market Size (US$ Mn) (Mn Tons), By Source, 2015 - 2025
6.5.2.1. Natural Gas Well
6.5.2.2. Refinery
6.5.3. Latin America LPG Market Size (US$ Mn) (Mn Tons), By End Use, 2015 - 2025
6.5.3.1. Residential
6.5.3.2. Chemical
6.5.3.3. Industrial
6.5.3.4. Auto fuel
6.5.3.5. Refinery
6.5.3.6. Others (Agriculture)
6.6. Middle East & Africa (MEA) LPG Market Analysis, 2015 - 2025
6.6.1. MEA LPG Market Size (US$ Mn) (Mn Tons), By Country, 2015 - 2025
6.6.1.1. GCC
6.6.1.2. Rest of MEA
6.6.2. MEA LPG Market Size (US$ Mn) (Mn Tons), By Source, 2015 - 2025
6.6.2.1. Natural Gas Well
6.6.2.2. Refinery
6.6.3. MEA LPG Market Size (US$ Mn) (Mn Tons), By End Use, 2015 - 2025
6.6.3.1. Residential
6.6.3.2. Chemical
6.6.3.3. Industrial
6.6.3.4. Auto fuel
6.6.3.5. Refinery
6.6.3.6. Others (Agriculture)

7. Company Profiles
7.1. Competitive Dashboard
7.2. Key Players
7.2.1. British Petroleum plc.
7.2.1.1. Business Description
7.2.1.2. Financial Information
7.2.1.3. Product Positions/Portfolio
7.2.1.4. Key Developments
7.2.1.5. SWOT Analysis
7.2.2. Exxon Mobil Corporation
7.2.3. Royal Dutch Shell plc.
7.2.4. UGI Corporation
7.2.5. Phillips
7.2.6. Chevron
7.2.7. Reliance Industries Ltd. (RIL)
7.2.8. Total SA
7.2.9. Qatargas Operating Company Limited
7.2.10. Petróleos de Venezuela, S.A.
7.2.11. Oman Oil Company.
7.2.12. Origin Energy Limited
7.2.13. Kleenheat Gas Pty Limited
7.2.14. China Gas Holdings Limited
7.2.15. Copagaz Distribuidora De Gas Ltd
7.2.16. Repsol S.A.
7.2.17. Sinopec Corp.
7.2.18. Bharat Petroleum Corporation Ltd. (BPCL)
7.2.19. Other Notable Players

List of Figures
Figure 01: Global LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, 2013-2024
Figure 02: Global LPG Market Share (%) by Source, 2015 - 2025
Figure 03: Global LPG Market Investment Proportion by Source, 2016
Figure 04: Global LPG Market Share (%) by End Use, 2015 - 2025
Figure 05: Global LPG Market Investment Proportion by End Use, 2016
Figure 06: Global LPG Market Share Analysis (%) by Geography, 2015 - 2025
Figure 07: Global LPG Market Investment Proportion by Geography, 2016
Figure 08: North America LPG Market Investment Proportion by Country, 2016
Figure 09: Europe LPG Market Investment Proportion by Country, 2016
Figure 10: Asia Pacific LPG Market Investment Proportion by Country, 2016
Figure 11: Latin America LPG Market Investment Proportion by Country, 2016
Figure 12: Middle East & Africa LPG Market Investment Proportion by Country, 2016

List of Tables
Table 01: Global LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast by Source, 2015 - 2025
Table 02: Global LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast by End Use, 2015 - 2025
Table 03: Global LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by Geography, 2015 - 2025
Table 04: North America LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by Country, 2015 - 2025
Table 05: North America LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by Source, 2015 - 2025
Table 06: North America LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by End Use, 2015 - 2025
Table 07: Europe LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by Country, 2015 - 2025
Table 08: Europe LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by Source, 2015 - 2025
Table 09: Europe LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by End Use, 2015 - 2025
Table 10: Asia Pacific LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by Country, 2015 - 2025
Table 11: Asia Pacific LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by Source, 2015 - 2025
Table 12: Asia Pacific LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by End Use, 2015 - 2025
Table 13: Latin America LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by Country, 2015 - 2025
Table 14: Latin America LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by Source, 2015 - 2025
Table 15: Latin America LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by End Use, 2015 - 2025
Table 16: Middle East & Africa LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by Country, 2015 - 2025
Table 17: Middle East & Africa LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by Source, 2015 - 2025
Table 18: Middle East & Africa LPG Market Revenue (US$ Mn) & Volume (Mn Tons) Forecast, by End Use, 2015 - 2025
Table 19: British Petroleum plc: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 20: Chevron: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 21: Royal Dutch Shell plc: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 22: UGI Corporation: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 23: Phillips 66: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 24: Reliance Industries Ltd. (RIL): Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 25: Total SA: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 26: Qatargas: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 27: Petroleos de Venezuela: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 28: Oman Oil Company: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 29: Origin Energy: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 30: Kleenheat Gas Pty Limited: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 31: China Gas Holdings Limited: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 32: Copagaz Distribuidora De Gas Ltd.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 33: Repsol S.A.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 34: Sinopec.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 35: Bharat Petroleum Corporation Ltd. (BPCL): Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
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