Market Overview:
The global LNG and LPG market is expected to grow from USD 283.5 billion in 2018 to USD 536.8 billion by 2030, at a CAGR of 7.0% from 2018 to 2030. The growth of the global LNG and LPG market can be attributed to the increasing demand for clean fuel across the globe and rising awareness about environment-friendly fuels. LNG is projected to be the fastest-growing type of gas in the global LNG and LPG market during the forecast period, owing to its growing demand as a cleaner alternative fuel source for transportation applications, such as buses, trucks, trains, ships, and aircrafts.
 and LPG (Liquefied Petroleum Gas) Industry Outlook.svg)
Product Definition:
LNG (Liquefied Natural Gas) is a natural gas that has been cooled to a liquid form for easy storage and transport. LPG (Liquefied Petroleum Gas) is a mixture of hydrocarbons, mostly propane and butane, that have been condensed into liquid form for storage and transport.
Both LNG and LPG are used as fuels for heating or cooking. They are also used in vehicles as an alternative to gasoline or diesel fuel.
LNG:
LNG is a form of natural gas that is generally found in combination with other gases such as nitrogen and hydrogen. It has a distinct feature from other forms of natural gas in that it can be easily liquefied by allowing it to cool down. This property makes it suitable for transportation and storage, thus making up for its costlier nature when compared to LPG which can be stored at room temperature without undergoing any significant change in physical properties.
LPG:
LPG is a colorless, odorless, tasteless gas that is mainly derived from natural sources including shale oil and natural gas. It can also be produced from some coal mines and some biomass/waste wood burning. LNG (Liquefied Natural Gas) or LPG (Liquefied Petroleum Gas) are the forms in which this product can be transported to different parts of the world.
Application Insights:
The global market has been segmented into two applications, cooking and rural heating. The cooking application dominated the overall industry in terms of revenue share in 2017. This is attributed to increasing use of LNG and LPG for home-heating purposes across various regions including Europe, Asia Pacific and North America. In addition, growing urbanization along with rising disposable income levels among the population is expected to drive demand for natural gas as an alternative to other fuels such as coal or wood over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing demand for LNG and LPG. The growth of Asia Pacific market can be attributed to rising domestic consumption in countries such as China, India, Indonesia, Thailand and Vietnam. Increasing industrialization coupled with growing population has resulted in an increase in energy requirements which will further boost the regional product demand.
The Asia Pacific was followed by Europe that accounted for a share of 24% in 2017 on account of increasing use of gas fuels across major economies including Russia and Italy among others. Stringent regulations regarding carbon emissions from various sources are anticipated to drive natural gas consumption across European countries thereby propelling industry growth over the next eight years.
Growth Factors:
- Increasing demand for energy in Asia Pacific region
- Rising liquefaction capacity and utilization rates of LNG terminals
- Growing use of natural gas as a transportation fuel
- Proliferation of LNG-powered ships and vehicles
- Development of small-scale LNG infrastructure
Scope Of The Report
Report Attributes
Report Details
Report Title
LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Research Report
By Type
LNG, LPG
By Application
Cooking, Rural Heating, Motor Fuel, Conversion to Gasoline, Refrigeneration
By Companies
BP, ExxonMobil, Royal Dutch Shell, Philips 66, RIL, Chevron, CNPC, Sinopec, PDVSA, Valero
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Report Segments:
The global LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) market is segmented on the basis of:
Types
LNG, LPG
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
Cooking, Rural Heating, Motor Fuel, Conversion to Gasoline, Refrigeneration
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:
- BP
- ExxonMobil
- Royal Dutch Shell
- Philips 66
- RIL
- Chevron
- CNPC
- Sinopec
- PDVSA
- Valero
 and LPG (Liquefied Petroleum Gas) Market Overview.svg)
Highlights of The LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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:
- LNG
- LPG
- By Application:
- Cooking
- Rural Heating
- Motor Fuel
- Conversion to Gasoline
- Refrigeneration
- 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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 and LPG (Liquefied Petroleum Gas) 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?
LNG and LPG are both types of liquefied natural gas.
Some of the major players in the lng (liquefied natural gas) and lpg (liquefied petroleum gas) market are BP, ExxonMobil, Royal Dutch Shell, Philips 66, RIL, Chevron, CNPC, Sinopec, PDVSA, Valero.
The lng (liquefied natural gas) and lpg (liquefied petroleum gas) market is expected to register a CAGR of 7%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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. LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market - Supply Chain
4.5. Global LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Forecast
4.5.1. LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Size (000 Units) and Y-o-Y Growth
4.5.3. LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Absolute $ Opportunity
5. Global LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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. LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Size and Volume Forecast by Type
5.3.1. LNG
5.3.2. LPG
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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. LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Size and Volume Forecast by Application
6.3.1. Cooking
6.3.2. Rural Heating
6.3.3. Motor Fuel
6.3.4. Conversion to Gasoline
6.3.5. Refrigeneration
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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. LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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. LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Demand Share Forecast, 2019-2026
9. North America LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Size and Volume Forecast by Application
9.4.1. Cooking
9.4.2. Rural Heating
9.4.3. Motor Fuel
9.4.4. Conversion to Gasoline
9.4.5. Refrigeneration
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Size and Volume Forecast by Type
9.7.1. LNG
9.7.2. LPG
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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Demand Share Forecast, 2019-2026
10. Latin America LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Size and Volume Forecast by Application
10.4.1. Cooking
10.4.2. Rural Heating
10.4.3. Motor Fuel
10.4.4. Conversion to Gasoline
10.4.5. Refrigeneration
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Size and Volume Forecast by Type
10.7.1. LNG
10.7.2. LPG
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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Demand Share Forecast, 2019-2026
11. Europe LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Size and Volume Forecast by Application
11.4.1. Cooking
11.4.2. Rural Heating
11.4.3. Motor Fuel
11.4.4. Conversion to Gasoline
11.4.5. Refrigeneration
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Size and Volume Forecast by Type
11.7.1. LNG
11.7.2. LPG
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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Demand Share, 2019-2026
12. Asia Pacific LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Size and Volume Forecast by Application
12.4.1. Cooking
12.4.2. Rural Heating
12.4.3. Motor Fuel
12.4.4. Conversion to Gasoline
12.4.5. Refrigeneration
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Size and Volume Forecast by Type
12.7.1. LNG
12.7.2. LPG
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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Demand Share, 2019-2026
13. Middle East & Africa LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) 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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Size and Volume Forecast by Application
13.4.1. Cooking
13.4.2. Rural Heating
13.4.3. Motor Fuel
13.4.4. Conversion to Gasoline
13.4.5. Refrigeneration
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Size and Volume Forecast by Type
13.7.1. LNG
13.7.2. LPG
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 LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market: Market Share Analysis
14.2. LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Distributors and Customers
14.3. LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BP
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ExxonMobil
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Royal Dutch Shell
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Philips 66
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. RIL
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chevron
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CNPC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sinopec
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. PDVSA
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Valero
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Fi
