Global Liquefied Petroleum Gas (LPG) Market Growth 2023-2029

Liquefied Petroleum Gas (LPG) is flammable mixtures of hydrocarbon gases used as fuel in heating appliances, cooking equipment, and vehicles.

This report studies the Liquefied Petroleum Gas (LPG) market, from angles of players, regions, product types and end industries, to analyze the status and the future.

LPI (LP Information)' newest research report, the “Liquefied Petroleum Gas (LPG) Industry Forecast” looks at past sales and reviews total world Liquefied Petroleum Gas (LPG) sales in 2022, providing a comprehensive analysis by region and market sector of projected Liquefied Petroleum Gas (LPG) sales for 2023 through 2029. With Liquefied Petroleum Gas (LPG) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Liquefied Petroleum Gas (LPG) industry.

This Insight Report provides a comprehensive analysis of the global Liquefied Petroleum Gas (LPG) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Liquefied Petroleum Gas (LPG) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Liquefied Petroleum Gas (LPG) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Liquefied Petroleum Gas (LPG) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Liquefied Petroleum Gas (LPG).

The global Liquefied Petroleum Gas (LPG) market size is projected to grow from US$ 167360 million in 2022 to US$ 219370 million in 2029; it is expected to grow at a CAGR of 219370 from 2023 to 2029.

Saudi Aramco, Sinopec, ADNOC, CNPC, Exxon Mobil and KNPC are the top 6 of global Liquefied Petroleum Gas (LPG), with about 25% market shares.

From the view of region, APAC have a larger market share which account for 43% and will witness a stable growth in following years. North America hold a market share of 18% will still play an important role which cannot be ignored. Any changes from Europe, which share a 12% market share in 2018, might affect the development trend of Liquefied Petroleum Gas (LPG). South America and Middle East and Africa are also play important role in Global market.

According to the Segmentation of types, all the market of Liquefied Petroleum Gas (LPG) can be divided as follows: The first kind need to mention is Gas Purification Method, it hold a comparatively larger share in global market, which accounts for about 62%. The following is Petroleum Cracking Method share 37% market share.

Liquefied Petroleum Gas'main application area is Civil. In 2018, this sector hold a market share of 58%.Then followed by the Industrial which account for 38%.

This report presents a comprehensive overview, market shares, and growth opportunities of Liquefied Petroleum Gas (LPG) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Petroleum Cracking Method

Gas Purification Method

Segmentation by application

Civil

Industrial

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Saudi Aramco

Sinopec

ADNOC

CNPC

Exxon Mobil

KNPC

Phillips66

Bharat Petroleum

Pemex

Total

Qatar Petroleum

Equinor

BP

Gazprom

Chevron

ConocoPhillips Company

SHV Energy (NL)

Valero Energy

Key Questions Addressed in this Report

What is the 10-year outlook for the global Liquefied Petroleum Gas (LPG) market?

What factors are driving Liquefied Petroleum Gas (LPG) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Liquefied Petroleum Gas (LPG) market opportunities vary by end market size?

How does Liquefied Petroleum Gas (LPG) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Frequently Asked Questions