The LPG Market is expected to be around US$ 169.72 Billion by 2027 at a CAGR of 4.66% in the given forecast period.

Liquified petroleum gas refers to a non-renewable source of energy normally used as a clean, portable, and non-toxic energy source in many industrial and domestic applications. It is a mixture of volatile hydrocarbons and flammable hydrocarbon gases, such as butane, propane, and isobutane and is stored in steel vessels, large gas cylinders and tanks. Moreover, the increasing environmental consciousness among the masses regarding the profits of using LPG as an effective alternative to fossil fuels, is making a positive outlook for the market. In line with this, significant development in the automotive industry is also driving the market development. LPG is extensively used as an Autogas and is a clean and effective source of energy that has lower levels of carbon emissions. It is kept in pressurized cylindrical containers for use in construction, agricultural, hospitality, and sailing applications. Furthermore, improvements in the refining technologies and extraction for natural gases are favouring the market development. Other factors, including the implementation of many government initiatives to promote the usage of LPG in place of wood, coal, and kerosene for household cooking, along with rapid development, especially in developing economies, are anticipated to drive the market further.

The global LPG market is segregated on the basis of Source Outlook as Refinery, Associated Gas, and Non-associated Gas. Based on Application Outlook the global LPG market is segmented in Residential/Commercial, Chemical, Industrial, Autogas, Refinery, and Others.

The global LPG market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The LPG market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Repsol, China Gas Holdings Ltd, Saudi Arabian Oil Co., FLAGA Gmbh, Kleenheat, Bharat Petroleum Corporation Limited, JGC HOLDINGS CORPORATION, Phillips 66 Company, Chevron Corporation, Reliance Industries Limited, Exxon Mobil Corporation, and others are among the major players in the global LPG market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The LPG Market has been segmented as below:

LPG Market, By Source Outlook

• Refinery
• Associated Gas
• Non-associated Gas

LPG Market, By Application Outlook

• Residential/Commercial
• Chemical
• Industrial
• Autogas
• Refinery
• Others

LPG Market, By Region

• North America
• Europe
• Asia-Pacific
• Rest of the World

LPG Market, By Company

• Repsol
• China Gas Holdings Ltd
• Saudi Arabian Oil Co.
• FLAGA Gmbh
• Kleenheat
• Bharat Petroleum Corporation Limited
• JGC HOLDINGS CORPORATION
• Phillips 66 Company
• Chevron Corporation
• Reliance Industries Limited
• Exxon Mobil Corporation

The report covers:

• Global LPG market sizes from 2018 to 2027, along with CAGR for 2022-2027
• Market size comparison for 2020 vs 2027, with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
• Global LPG market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global LPG market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

Report Scope:

The global LPG market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global LPG market share. Major industry players with significant revenue share include Repsol, China Gas Holdings Ltd, Saudi Arabian Oil Co., FLAGA Gmbh, Kleenheat, Bharat Petroleum Corporation Limited, JGC HOLDINGS CORPORATION, Phillips 66 Company, Chevron Corporation, Reliance Industries Limited, Exxon Mobil Corporation, and others.

Reasons to Buy this Report:

• Gain detailed insights on the LPG industry trends
• Find complete analysis on the market status
• Identify the LPG market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Customization

Customized report as per the requirement can be offered with appropriate recommendations.

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