PUBLISHER: ChemAnalyst | PRODUCT CODE: 966026
PUBLISHER: ChemAnalyst | PRODUCT CODE: 966026
China LPG industry stood at 53.39 Million Tonnes in 2020 and is forecast to reach 84.45 Million Tonnes by 2030, growing at a healthy CAGR of 4.40% until 2030. China is one of the world's largest consumers of global LPG. The rise in the initiatives taken by the leading authorities to provide incentives, start-up subsidies, and distribution licenses to promote increased consumption and usage of LPG fuels especially in the transport sector would accelerate the market growth in the forecast period. Northern and eastern coastal regions of China typically have relatively high LPG penetration due to growing demand from transport and nascent petrochemical sectors. The COVID-19 pandemic which affected the economy adversely led to the temporary shutdown of end-user industries thereby declining the demand from the commercial sectors. However, due to lockdown restrictions, the demand for residential sectors accelerated which boosted the market growth in this period.
Under this subscription, you would be able to access China 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
This report will be delivered on an online digital platform with a one-year subscription and quarterly update.
Deliverables
To extract data for the China 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 China LPG Capacity By Technology, 2015-2030f (000' Tonnes)
Table 4 China LPG Capacity By Process, 2015-2030f (000' Tonnes)