PUBLISHER: ChemAnalyst | PRODUCT CODE: 966025
PUBLISHER: ChemAnalyst | PRODUCT CODE: 966025
Canada's LPG industry stood at 3.8 Million Tonnes in 2020 and is forecast to reach 8.24 Million Tonnes by 2030, growing at a healthy CAGR of 7.46% until 2030. The launch of government initiatives to provide incentives, fuel subsidies, and distribution licenses to promote large consumption and usage of LPG fuels especially in the transport and cooking sector is expected to accelerate the market growth in the forecast period. Canada's growing share in the LPG seaborne trade with the commencement of exports from its propane export terminal -RIPET in 2019 will further increase the country's share in the global LPG market. However, due to the onset of COVID-19, the LPG market in Canada is expected to witness a setback. The market growth of LPG in commercial sectors is facing a negative decline. disruption in the supply chain coupled with huge demand from the residential sector created a gap in demand and supply. Post-COVID-19 period the LPG market is expected to pick up the pace.
Under this subscription, you would be able to access Canada LPG market demand and supply analysis on a cloud-based platform for one year. The data is updated on a near real-time basis to add any new movement in the industry including but not limited to new plant announcements, plant shutdowns, temporary disruptions in demand or supply, news and deals, and much more specific to LPG.
Years Considered for Analysis:
Historical Years: 2015 - 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 - 2030
Deliverables
To extract data for the Canada LPG market, the ChemAnalyst team conducts primary research surveys with LPG manufacturers, suppliers, distributors, wholesalers, and customers followed by exhaustive secondary research to cross-validate the information being collected through primary research surveys.
Table 3 Canada LPG Capacity By Technology, 2015-2030f (000' Tonnes)
Table 4 Canada LPG Capacity By Process, 2015-2030f (000' Tonnes)