The global Liquefied Petroleum Gas (LPG) market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each Liquefied Petroleum Gas (LPG) market player in a comprehensive way. Further, the Liquefied Petroleum Gas (LPG) market report emphasizes the adoption pattern of the Liquefied Petroleum Gas (LPG) across various industries.
The Liquefied Petroleum Gas (LPG) market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
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competitive landscape has been included in the report which covers companies active in the LPG business. Value chain analysis and Porter’s five forces model provide a clear understanding regarding the market dynamics of the LPG market.
The high level analysis provides detailed insights into the business of LPG producers, distributors and retailers globally. Major drivers, restraints and opportunities of the LPG market are analyzed in detail with supporting graphs and tables. Market attractiveness analysis for the LPG market is based on geography. In the market attractiveness analysis, the LPG industry is analyzed regionally and ranked based on a number of parameters that directly impact the attractiveness of the market. Key source segments for the LPG market are crude oil refining, associated gas processing, and non-associated gas processing. For the LPG market, production from unconventional methods has been incorporated in the non-associated gas processing segment.
Key end-users for LPG are residential/commercial, petrochemical and refinery, industrial, transportation and others. The report analysis the LPG market across five geographies: North America, Europe, Asia-Pacific, Middle East & Africa, and South & Central America. Regional data has been provided for each sub-segment. The regional data comprises both production and demand data for LPG. While the production figures have been sub-segmented in the source analysis, the end-user analysis has sub-segmented the consumption volumes. Key market participants in the LPG business include ExxonMobil, UGI Corporation, and Royal Dutch Shell. The report provides an overview of these companies, followed by their financial revenue, business strategies and recent developments.
The largest share of LPG is produced from crude oil refining. Other sources of producing LPG are from non-associated gas and associated gas processing. Unconventional gas has recently emerged as a commercially viable source of LPG production, and has been accounted for in the non-associated gas category. The Middle East is currently the largest producer of LPG, and is likely to remain so in the future with most of the production coming from the non-associated gas category. The U.S. also emerged as a net exporter of LPG in 2012 and supplies are likely to soar with the increasing production of LPG from shale gas. The non-associated gas category is likely to show the most attractive growth rate for LPG production in the future.
LPG finds the maximum use in the residential and commercial sector. Asia-Pacific was the largest consumer of LPG in 2013 with countries such as China and India accounting for a significant portion of the consumption. Large rural populations in Asia-Pacific are likely to be one of the major demand drivers for LPG consumption in the future. A similar scenario can also be observed in the Latin American countries and in Africa. LPG is mostly used in the residential and commercial sector as a cooking fuel. Other uses include heating and lighting. One of the fastest growing end user applications for LPG is Autogas. Both Europe and certain countries of the Asia-Pacific have displayed strong adoption rates for Autogas in the past. Large petrochemical complexes planned in China and the Middle East is likely to bolster LPG consumption as feedstock. An imminent increase in LPG consumption by the midstream sector is likely to be observed in the future. Although refinery shutdowns are being observed around Europe, refining capacity additions in Russia and the Asia-Pacific countries of China and India are likely to increase consumption of LPG as a refinery feedstock.
LPG Market: Source Analysis
- Associated Gas
- Non-Associated Gas
LPG Market: End User Analysis
- Petrochemical and Refinery
LPG Market: Regional Analysis
- North America
- Middle East & Africa
- South & Central America
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The Liquefied Petroleum Gas (LPG) market report offers a plethora of insights which include:
- Changing consumption pattern among individuals globally.
- Historical and future progress of the global Liquefied Petroleum Gas (LPG) market.
- Region-wise and country-wise segmentation of the Liquefied Petroleum Gas (LPG) market to understand the revenue, and growth lookout in these areas.
- Accurate Year-on-Year growth of the global Liquefied Petroleum Gas (LPG) market.
- Important trends, including proprietary technologies, ecological conservation, and globalization affecting the global Liquefied Petroleum Gas (LPG) market.
The Liquefied Petroleum Gas (LPG) market report answers important questions which include:
- Which regulatory authorities have granted approval to the application of Liquefied Petroleum Gas (LPG) in xx industry?
- How will the global Liquefied Petroleum Gas (LPG) market grow over the forecast period?
- Which end use industry is set to become the leading consumer of Liquefied Petroleum Gas (LPG) by 2029?
- What manufacturing techniques are involved in the production of the Liquefied Petroleum Gas (LPG) ?
- Which regions are the Liquefied Petroleum Gas (LPG) market players targeting to channelize their production portfolio?
The Liquefied Petroleum Gas (LPG) market report considers the following years to predict the market growth:
- Historic Year: 2014 – 2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year: 2019 – 2029
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Why Choose Liquefied Petroleum Gas (LPG) Market Report?
Liquefied Petroleum Gas (LPG) Market Report follows a multi- disciplinary approach to extract information about various industries. Our analysts perform thorough primary and secondary research to gather data associated with the market. With modern industrial and digitalization tools, we provide avant-garde business ideas to our clients. We address clients living in across parts of the world with our 24/7 service availability.