PUBLISHER: Grand View Research | PRODUCT CODE: 2132406
PUBLISHER: Grand View Research | PRODUCT CODE: 2132406
The global liquefied petroleum gas market size was valued at USD 126.8 billion in 2025 and is projected to grow from USD 131.0 billion in 2026 to USD 169.3 billion by 2033, at a CAGR of 3.7% from 2026 to 2033. Europe dominated the market, accounting for a revenue share of 29.0% in 2025. Growth is primarily driven by the increasing use of LPG as a cleaner alternative to traditional fossil fuels across residential, commercial, and industrial sectors. The rising demand for low-emission energy sources to curb urban air pollution and achieve carbon neutrality targets is driving market expansion.
Global Liquefied Petroleum Gas Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global liquefied petroleum gas market report on the basis of source, application, product, and region: