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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. Sample figures with some insights are shown below.
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?
For any questions related to Liquefied Petroleum Gas Market, Liquefied Petroleum Gas Market Size, Liquefied Petroleum Gas Market Growth, Liquefied Petroleum Gas Market Analysis, Liquefied Petroleum Gas Market Report, Liquefied Petroleum Gas Market Share, Liquefied Petroleum Gas Market Trends, Liquefied Petroleum Gas Market Forecast, Liquefied Petroleum Gas Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Liquefied Petroleum Gas Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Liquefied Petroleum Gas Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Liquefied Petroleum Gas Market by Source
3.3.1: Refinery
3.3.2: Associated Gas
3.3.3: Non-Associated Gas
3.4: Global Liquefied Petroleum Gas Market by Application
3.4.1: Residential
3.4.2: Commercial
3.4.3: Agriculture
3.4.4: Industrial
3.4.5: Transportation
3.4.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Liquefied Petroleum Gas Market by Region
4.2: North American Liquefied Petroleum Gas Market
4.2.2: North American Liquefied Petroleum Gas Market by Application: Residential, Commercial, Agriculture, Industrial, Transportation, and Others
4.3: European Liquefied Petroleum Gas Market
4.3.1: European Liquefied Petroleum Gas Market by Source: Refinery, Associated Gas, and Non-Associated Gas
4.3.2: European Liquefied Petroleum Gas Market by Application: Residential, Commercial, Agriculture, Industrial, Transportation, and Others
4.4: APAC Liquefied Petroleum Gas Market
4.4.1: APAC Liquefied Petroleum Gas Market by Source: Refinery, Associated Gas, and Non-Associated Gas
4.4.2: APAC Liquefied Petroleum Gas Market by Application: Residential, Commercial, Agriculture, Industrial, Transportation, and Others
4.5: ROW Liquefied Petroleum Gas Market
4.5.1: ROW Liquefied Petroleum Gas Market by Source: Refinery, Associated Gas, and Non-Associated Gas
4.5.2: ROW Liquefied Petroleum Gas Market by Application: Residential, Commercial, Agriculture, Industrial, Transportation, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Liquefied Petroleum Gas Market by Source
6.1.2: Growth Opportunities for the Global Liquefied Petroleum Gas Market by Application
6.1.3: Growth Opportunities for the Global Liquefied Petroleum Gas Market by Region
6.2: Emerging Trends in the Global Liquefied Petroleum Gas Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Liquefied Petroleum Gas Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Liquefied Petroleum Gas Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Repsol
7.2: China Gas Holdings
7.3: Saudi Arabian Oil
7.4: FLAGA
7.5: Kleenheat
7.6: Bharat Petroleum
7.7: JGC HOLDINGS
7.8: Phillips 66 Company
7.9: Chevron
7.10: Reliance Industries
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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