PUBLISHER: ChemAnalyst | PRODUCT CODE: 966049
PUBLISHER: ChemAnalyst | PRODUCT CODE: 966049
India LPG market demand stood at 30.6 Million Tonnes in FY2021 and is forecast to reach 36.9 Million Tonnes by FY2030, growing at a healthy CAGR of 1.78% until FY2030. An increase in the demand for Liquefied Petroleum Gas as a residential, industrial, and transportation sector is the major driver for the forecast period. The growing demand for clean cooking fuels in rural, as well as urban households, is expected to give a boost to the country's LPG market in the forecast period. Support of the government in form of initiatives and subsidies to boost the sales of LPG is contributing to fuel the market growth. During the COVID-19 pandemic, the Indian government ramped up wholesale distribution of LPG and retail distribution of LPG cylinders which fall under essential services. Demand from the household sector increased mani-fold to satisfy the growing demand due to the government's imposed lockdown restrictions and the increase in the number of consumers staying at home and preferring home-cooked meals. However, the demand from commercial and industrial sectors faced set back due to the temporary closure of the industries which may hinder the growth of the market.
Under this subscription, you would be able to access India 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: FY2015 - FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023- FY2030
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Deliverables
To extract data for the India 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 1 : India LPG Capacity By Company, 2015-2030f (000' Tonnes)
Table 3 India LPG Capacity By Technology, 2015-2030f (000' Tonnes)
Table 4 India LPG Capacity By Process, 2015-2030f (000' Tonnes)