Liquefied Petroleum Gas Market Report: Trends, Forecast and Competitive Analysis to 2030

Liquefied Petroleum Gas Trends and Forecast

The future of the global liquefied petroleum gas market looks promising with opportunities in the residential, commercial, agriculture, industrial, and transportation markets. The global liquefied petroleum gas market is expected to reach an estimated $165.3 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are growing knowledge of the advantages of using liquefied petroleum gas in place of fossil fuels, technical advancements combined with an increasing number of government-LED campaigns to encourage rural residents to switch from liquefied petroleum gas to more conventional cooking fuels like kerosene, wood, and coal,as well as, rising use of green and clean energy sources in both developed and developing nations.

A more than 150-page report is developed to help in your business decisions.

Liquefied Petroleum Gas by Segment

The study includes a forecast for the global liquefied petroleum gas by source, application, and region.

Liquefied Petroleum Gas Market by Source [Shipment Analysis by Value from 2018 to 2030]:

• Refinery
• Associated Gas
• Non-Associated Gas

Liquefied Petroleum Gas Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Commercial
• Agriculture
• Industrial
• Transportation
• Others

Liquefied Petroleum Gas Market by Region [Shipment Analysis by Value from 2018 to 2030]:

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

List of Liquefied Petroleum Gas Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies liquefied petroleum gas companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the liquefied petroleum gas companies profiled in this report include-

• Repsol
• China Gas Holdings
• Saudi Arabian Oil
• FLAGA
• Kleenheat
• Bharat Petroleum
• JGC HOLDINGS
• Phillips 66 Company
• Chevron
• Reliance Industries

Liquefied Petroleum Gas Market Insights

Lucintel forecasts that non-associated gas will remain the largest segment over the forecast period due to increase in the amount of liquefied petroleum gas produced from non-associated gas sources.

APAC will remain the largest region over the forecast period due to the increased population, a wealth of resources, and a strong demand for energy combined with simple affordability because of government subsidies for LPG cylinders in the region.

Features of the Global Liquefied Petroleum Gas Market

Market Size Estimates: Liquefied petroleum gas market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Liquefied petroleum gas market size by source, application, and region in terms of value ($B).

Regional Analysis: Liquefied petroleum gas market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different source, application, and regions for the liquefied petroleum gas market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the liquefied petroleum gas market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the liquefied petroleum gas market size?

Answer: The global liquefied petroleum gas market is expected to reach an estimated $165.3 billion by 2030.

Q2. What is the growth forecast for liquefied petroleum gas market?

Answer: The global liquefied petroleum gas market is expected to grow with a CAGR of 3.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the liquefied petroleum gas market?

Answer: The major drivers for this market are growing knowledge of the advantages of using liquefied petroleum gas in place of fossil fuels, technical advancements combined with an increasing number of government-LED campaigns to encourage rural residents to switch from liquefied petroleum gas to more conventional cooking fuels like kerosene, wood, and coal,as well as, rising use of green and clean energy sources in both developed and developing nations.

Q4. What are the major segments for liquefied petroleum gas market?

Answer: The future of the global liquefied petroleum gas market looks promising with opportunities in the residential, commercial, agriculture, industrial, and transportation markets.

Q5. Who are the key liquefied petroleum gas market companies?

Answer: Some of the key liquefied petroleum gas companies are as follows.

• Repsol
• China Gas Holdings
• Saudi Arabian Oil
• FLAGA
• Kleenheat
• Bharat Petroleum
• JGC HOLDINGS
• Phillips 66 Company
• Chevron
• Reliance Industries

Q6. Which liquefied petroleum gas market segment will be the largest in future?

Answer: Lucintel forecasts that non-associated gas will remain the largest segment over the forecast period due to increase in the amount of liquefied petroleum gas produced from non-associated gas sources.

Q7. In liquefied petroleum gas market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to the increased population, a wealth of resources, and a strong demand for energy combined with simple affordability because of government subsidies for LPG cylinders in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the liquefied petroleum gas market by source (refinery, associated gas, and non-associated gas), application (residential, commercial, agriculture, industrial, transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?