Global Liquefied Petroleum Gas (LPG) Market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030 from USD 2.6 billion in 2018. The growth of the market can be attributed to the increasing demand for LPG as an alternative fuel for vehicles and as a feedstock for petrochemical production, which is driving the demand for LPG globally.
The global liquefied petroleum gas (LPG) market has been segmented on the basis of type, application and region. On the basis of type, it has been classified into petroleum cracking method and gas purification method; on the basis of application it has been classified into residential, transport, industry & agriculture and chemicals & refinery; on the basis of region it has been classified into North America, Latin America, Europe Asia Pacific and Middle East & Africa regions respectively.
- LPG is a clean-burning fuel that produces less pollution than other fossil fuels.
- LPG is cheaper than other fossil fuels, and it's also more efficient to transport because it's lighter than oil or coal.
- The price of crude oil has been increasing in recent years, which has led to an increase in the price of gasoline and diesel fuel, which are made from crude oil.
- The use of LPG as a transportation fuel is growing rapidly in developing countries such as China and India because they have large populations with limited access to electricity for cooking and heating purposes, so they rely on biomass fuels such as wood or dung for cooking and heating needs instead of electricity or natural gas supplies that are not available to them at all times due to power outages or supply shortages respectively; this leads them to use more LPG for cooking purposes instead of biomass fuels like wood or dung; this trend will continue into the future because these countries have large populations with limited access to electricity for cooking purposes who rely on biomass fuels like wood or dung instead of electricity or natural gas supplies that are not available at all times due to power outages or supply shortages respectively; this trend will continue into the future because these countries have large populations with limited access to electricity for cooking purposes who rely on biomass fuels like wood or dung instead of electricity or natural gas supplies that are not available at all times due to power outages (India).
Industry Growth Insights published a new data on “Liquefied Petroleum Gas (LPG) Market”. The research report is titled “Liquefied Petroleum Gas (LPG) Market research by Types (Petroleum Cracking Metod, Gas Purification Method), By Applications (Application I, Residential, Transport, Industry& Agriculture, Chemicals& Refinery, Other), By Players/Companies Saudi Aramco(SA), ADNOC(AE), BP(UK), KNPC(KW), Gazprom(RU), Shell(NL), Exxon Mobil(US), Phillips66(US), Valero Energy(US), NIOPDC(IR), ConocoPhillips Company(US), Total(FR), Equinor(NO), PDVSA(VE), Sinopec(CN), CNPC(CN), Chevron(US), Qatar Petroleum(QA), Oman Oil Company(OM), Antargaz(FR), Petrobras(BR), Pemex(MX), Primagaz(FR), SHV Energy(NL), CNOOC(CN)”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Liquefied Petroleum Gas (LPG) Market Research Report
By Type
Petroleum Cracking Metod, Gas Purification Method
By Application
Application I, Residential, Transport, Industry& Agriculture, Chemicals& Refinery, Other
By Companies
Saudi Aramco(SA), ADNOC(AE), BP(UK), KNPC(KW), Gazprom(RU), Shell(NL), Exxon Mobil(US), Phillips66(US), Valero Energy(US), NIOPDC(IR), ConocoPhillips Company(US), Total(FR), Equinor(NO), PDVSA(VE), Sinopec(CN), CNPC(CN), Chevron(US), Qatar Petroleum(QA), Oman Oil Company(OM), Antargaz(FR), Petrobras(BR), Pemex(MX), Primagaz(FR), SHV Energy(NL), CNOOC(CN)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
 Industry Outlook.svg)
Global Liquefied Petroleum Gas (LPG) Market Report Segments:
The global Liquefied Petroleum Gas (LPG) market is segmented on the basis of:
Types
Petroleum Cracking Metod, Gas Purification Method
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Application I, Residential, Transport, Industry& Agriculture, Chemicals& Refinery, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Saudi Aramco(SA)
- ADNOC(AE)
- BP(UK)
- KNPC(KW)
- Gazprom(RU)
- Shell(NL)
- Exxon Mobil(US)
- Phillips66(US)
- Valero Energy(US)
- NIOPDC(IR)
- ConocoPhillips Company(US)
- Total(FR)
- Equinor(NO)
- PDVSA(VE)
- Sinopec(CN)
- CNPC(CN)
- Chevron(US)
- Qatar Petroleum(QA)
- Oman Oil Company(OM)
- Antargaz(FR)
- Petrobras(BR)
- Pemex(MX)
- Primagaz(FR)
- SHV Energy(NL)
- CNOOC(CN)
 Market Overview.svg)
Highlights of The Liquefied Petroleum Gas (LPG) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Petroleum Cracking Metod
- Gas Purification Method
- By Application:
- Application I
- Residential
- Transport
- Industry& Agriculture
- Chemicals& Refinery
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Liquefied Petroleum Gas (LPG) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LPG is a fuel that is made from natural gas. It is liquefied and then stored in tanks.
Some of the major companies in the liquefied petroleum gas (lpg) market are Saudi Aramco(SA), ADNOC(AE), BP(UK), KNPC(KW), Gazprom(RU), Shell(NL), Exxon Mobil(US), Phillips66(US), Valero Energy(US), NIOPDC(IR), ConocoPhillips Company(US), Total(FR), Equinor(NO), PDVSA(VE), Sinopec(CN), CNPC(CN), Chevron(US), Qatar Petroleum(QA), Oman Oil Company(OM), Antargaz(FR), Petrobras(BR), Pemex(MX), Primagaz(FR), SHV Energy(NL), CNOOC(CN).
The liquefied petroleum gas (lpg) market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Liquefied Petroleum Gas (LPG) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Liquefied Petroleum Gas (LPG) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Liquefied Petroleum Gas (LPG) Market - Supply Chain
4.5. Global Liquefied Petroleum Gas (LPG) Market Forecast
4.5.1. Liquefied Petroleum Gas (LPG) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Liquefied Petroleum Gas (LPG) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Liquefied Petroleum Gas (LPG) Market Absolute $ Opportunity
5. Global Liquefied Petroleum Gas (LPG) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by Type
5.3.1. Petroleum Cracking Metod
5.3.2. Gas Purification Method
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Liquefied Petroleum Gas (LPG) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by ApplicationI
6.3.2. Residential
6.3.3. Transport
6.3.4. Industry& Agriculture
6.3.5. Chemicals& Refinery
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Liquefied Petroleum Gas (LPG) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Liquefied Petroleum Gas (LPG) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Liquefied Petroleum Gas (LPG) Demand Share Forecast, 2019-2029
9. North America Liquefied Petroleum Gas (LPG) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by ApplicationI
9.4.2. Residential
9.4.3. Transport
9.4.4. Industry& Agriculture
9.4.5. Chemicals& Refinery
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by Type
9.7.1. Petroleum Cracking Metod
9.7.2. Gas Purification Method
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Liquefied Petroleum Gas (LPG) Demand Share Forecast, 2019-2029
10. Latin America Liquefied Petroleum Gas (LPG) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by ApplicationI
10.4.2. Residential
10.4.3. Transport
10.4.4. Industry& Agriculture
10.4.5. Chemicals& Refinery
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by Type
10.7.1. Petroleum Cracking Metod
10.7.2. Gas Purification Method
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Liquefied Petroleum Gas (LPG) Demand Share Forecast, 2019-2029
11. Europe Liquefied Petroleum Gas (LPG) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by ApplicationI
11.4.2. Residential
11.4.3. Transport
11.4.4. Industry& Agriculture
11.4.5. Chemicals& Refinery
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by Type
11.7.1. Petroleum Cracking Metod
1.7.2. Gas Purification Method
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Liquefied Petroleum Gas (LPG) Demand Share, 2019-2029
12. Asia Pacific Liquefied Petroleum Gas (LPG) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by ApplicationI
12.4.2. Residential
12.4.3. Transport
12.4.4. Industry& Agriculture
12.4.5. Chemicals& Refinery
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by Type
12.7.1. Petroleum Cracking Metod
12.7.2. Gas Purification Method
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Liquefied Petroleum Gas (LPG) Demand Share, 2019-2029
13. Middle East & Africa Liquefied Petroleum Gas (LPG) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by ApplicationI
13.4.2. Residential
13.4.3. Transport
13.4.4. Industry& Agriculture
13.4.5. Chemicals& Refinery
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Liquefied Petroleum Gas (LPG) Market Size and Volume Forecast by Type
13.7.1. Petroleum Cracking Metod
13.7.2. Gas Purification Method
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Liquefied Petroleum Gas (LPG) Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Liquefied Petroleum Gas (LPG) Market: Market Share Analysis
14.2. Liquefied Petroleum Gas (LPG) Distributors and Customers
14.3. Liquefied Petroleum Gas (LPG) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Saudi Aramco(SA)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ADNOC(AE)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BP(UK)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. KNPC(KW)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gazprom(RU)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shell(NL)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Exxon Mobil(US)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Phillips66(US)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Valero Energy(US)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. NIOPDC(IR)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ConocoPhillips Company(US)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Total(FR)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Equinor(NO)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. PDVSA(VE)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Sinopec(CN)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. CNPC(CN)
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Chevron(US)
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Qatar Petroleum(QA)
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Oman Oil Company(OM)
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Antargaz(FR)
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
