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Liquefied Petroleum Gas (LPG) Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Saudi Aramco, Sinopec, ADNOC, CNPC

06 Jan, 2020 | 116 Pages
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Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Liquefied Petroleum Gas (LPG) Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.4% during the review period (2022 to 2027).



Liquefied Petroleum Gas (LPG) Market Overview



Liquified petroleum gas (LPG) refers to a non-renewable source of energy commonly used as a portable, clean and non-toxic energy source in various domestic and industrial applications. It is a combination of flammable hydrocarbon gases and volatile hydrocarbons, such as propane, butane and isobutane and is stored in steel vessels, large gas cylinders and tanks.



The critical aspect that definitely impacts the market is the augmenting growth in the automotive industry and the growing requirement for energy-efficient fuel. Additionally, widespread LPG adoption by domestic end-users is providing a boost to the market growth in the region. LP gas mainly serves as a feedstock for petrochemical for ethylene production through the hydrocarbon cracking process and syngas production through steam conversion. In line with this, shifting consumer preference from high-cost conventional fuels such as petrol and diesel to low-cost LP gas also favors market growth. With the rising focus on GHG emissions reduction and ensuring sustainable energy for everyone, the usage of LP gas has been growing globally across different sectors. There has been noteworthy support from the government in the form of initiatives and subsidies to further boost the adoption of LP gas.



In recent years, research and development of alternative automotive-fuel technology have focused on fuels based on oil and natural gas, biofuels derived from vegetable matter such as ethanol or biodiesel, electric vehicles (EVs), and hydrogen-based fuel cells. Plug-in and pure battery EVs are now widely commercialized, but their uptake rate remains constrained by their high cost and limited mileage. The supply of ethanol and biodiesel has risen sharply, but both fuels are usually blended with conventional gasoline and diesel for sale to end-users. However, the scope for biofuel production using traditional technology is likely to be limited by competition for land to grow food crops.



Industry News:



August 9, 2021: Japan’s first LPG-fuelled VLGC soon to enter service



Japanese LPG trader and importer Astomos Energy Corporation has announced that it will bring the liquified petroleum gas (LPG)-powered very large gas carrier (VLGC) into operation.The vessel is being built by compatriot shipbuilder Kawasaki Heavy Industries (KHI) at its Sakaide shipyard. Singapore-based shipowner Kumiai Navigation will operate the  84,229 cbm VLGC for Astomos.



February 23, 2022: ExxonMobil’s subsidiary Esso PNG P’nyang and its partners have signed an agreement with the Papua New Guinea government for the development of the P’nyang LNG project.



Who are the Major Players in Liquefied Petroleum Gas (LPG) Market?



Top Key players in the Liquefied Petroleum Gas (LPG) Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Liquefied Petroleum Gas (LPG) Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Saudi Aramco, Astomos Energy Corporation,Sinopec, ADNOC, CNPC, Exxon Mobil, KNPC, Phillips66, Bharat Petroleum, Pemex, Total, Qatar Petroleum, Equinor, BP, Gazprom, Chevron, ConocoPhillips Company, SHV Energy (NL), Valero Energy, Others and others.



What are the major Applications, Types and Regions for Liquefied Petroleum Gas (LPG) Market?



Liquefied Petroleum Gas (LPG) Market is segmented based on the type, applications, companies and regions.



By Type, Liquefied Petroleum Gas (LPG) Market has been segmented into 




  • Petroleum Cracking Metod

  • Gas Purification Method



The end user’s industry application on Liquefied Petroleum Gas (LPG) Market is, 




  • Civil

  • Industrial

  • Others



Liquefied Petroleum Gas (LPG) Market Regional Analysis:



Asia Pacific is the largest market for LP gas due to the high adoption of LP gas as a primary fuel for cooking and heating water at homes. There are abundant supplies of LP gas, and the forecasting numbers predict a sustained period of low prices barring any major political disruption. The chemical sector has seen tremendous growth in the region in recent years, utilizing this gas as the major feedstock in synthesizing various chemicals and plastics. The autogas (LP gas as a transport fuel) market has developed more quickly in Asia Pacific. Europe dominates the liquefied petroleum gas (LPG) market due to the increasing demand in residential/commercial applications along with decrease carbon emission in the atmosphere in the region. Asia-Pacific region is expected to hold the largest growth rate due to the resource availability, and high energy necessities, coupled with easy affordability, owing to the existence of government subsidies on LPG cylinders in the region.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





What is our Liquefied Petroleum Gas (LPG) Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 6.4% during the review period (2022 to 2027).



By Type




  • Petroleum Cracking Metod

  • Gas Purification Method



By Application




  • Civil

  • Industrial

  • Others



By Companies



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, Others and others.



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



116



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Liquefied Petroleum Gas (LPG) Report




  • Evaluate Liquefied Petroleum Gas (LPG) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Liquefied Petroleum Gas (LPG) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.



Frequently Asked Questions



What is the study period of this market?



The Liquefied Petroleum Gas (LPG) Market is studied from 2017 - 2027.



What is the growth rate of Liquefied Petroleum Gas (LPG) Market?



The Liquefied Petroleum Gas (LPG) Market is growing at a CAGR of 6.4% over the next 5 years.



Who are the leading key players in Liquefied Petroleum Gas (LPG) Market?



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, Others and others.



What regions regions does this Liquefied Petroleum Gas (LPG) Market report covers?



North America (the United States, Canada, and Mexico)



Europe (Germany, France, UK, Russia, and Italy)



Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)



South America (Brazil, Argentina, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Liquefied Petroleum Gas (LPG) Market?



Petroleum Cracking Metod, Gas Purification Method



What are the significant Applications of Liquefied Petroleum Gas (LPG) Market?



Civil, Industrial, Others



Who are the key participants in this market?



BP Plc, Exxon Mobil Corporation, and ConocoPhillips



All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL LIQUEFIED PETROLEUM GAS (LPG) MARKET BY TYPES

    3. GLOBAL LIQUEFIED PETROLEUM GAS (LPG) MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR LIQUEFIED PETROLEUM GAS (LPG)



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. LIQUEFIED PETROLEUM GAS (LPG) GROWTH

      2. APPLICATION OF LIQUEFIED PETROLEUM GAS (LPG)



    4. IMPACT OF COVID 19



  5. GLOBAL LIQUEFIED PETROLEUM GAS (LPG) MARKET, BY TYPES

    1. INTRODUCTION

    2. PETROLEUM CRACKING METOD

    3. GAS PURIFICATION METHOD

    4.  OTHERS



  6. GLOBAL LIQUEFIED PETROLEUM GAS (LPG) MARKET, BY APPLICATION

    1. INTRODUCTION

    2. CIVIL

    3. INDUSTRIAL

    4. OTHERS



  7. GLOBAL LIQUEFIED PETROLEUM GAS (LPG) MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. SAUDI ARAMCO

      2. SINOPEC

      3. ADNOC

      4. CNPC

      5. EXXON MOBIL

      6. KNPC

      7. PHILLIPS66

      8. BHARAT PETROLEUM

      9. PEMEX

      10. TOTAL

      11. QATAR PETROLEUM

      12. EQUINOR

      13. BP

      14. GAZPROM

      15. CHEVRON

      16. CONOCOPHILLIPS COMPANY

      17. SHV ENERGY (NL)

      18. VALERO ENERGY

      19. OTHERS







 

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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