LPG Market: By Technology, By Application and Region Forecast 2019-2030

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LPG Market Size, Share, Growth, Trends, and Global Industry Analysis: By Technology (Refinery, Associated Gas, Non-associated gas), By Application (Residential, Transport, Industrial, Commercial, Refinery) and Region Forecast 2019-2030

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LPG Market size was valued at US$ 132.3 billion in 2023 and is expected to grow at a significant CAGR of 4.8% from 2024 to 2030. The global market provides a detailed overview of the market and can be segmented by Technology and application. By technology, the market has been segmented into Refinery, Associated Gas, and Non-associated gas. The refinery segment is likely to be the largest and fastest-growing segment in terms of type. Based on application market is segmented into Residential, Transport, Industrial, Commercial, and Refinery.  Among these, the Residential segment is expected to have the fastest-growing market during the forecast period. according to Precision Business Insights.

LPG MarketMarket Key Development

  • In March 2021, Total Oil India Private Ltd. (a subsidiary of Total SE) launched a new LPG-cutting gas product developed especially for the metal-cutting industry. This product launch has strengthened the product portfolio of the company.

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Lpg Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

4.8%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific

LPG Market Dynamics

Growing awareness regarding benefits related to the usage of liquefied petroleum gas (LPG) as an alternative to the fossil fuels and rise in the adoption level of clean and green energy sources across both developed and developing countries are some of the factors likely to boost the market growth.

Lpg Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2023

US$ 132.3 billion

Market CAGR

4.8%

By Technology

  • Refinery,
  • Associated Gas,
  • Non-associated gas

By Application

  • Residential,
  • Transport,
  • Industrial,
  • Commercial,
  • Refinery

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The LPG market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis

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Frequently Asked Questions

The global lpg market size was valued at US$ 132.3 billion in 2023 and is expected to grow at a significant CAGR of 4.8% from 2024 to 2030.

The market key players are: Repsol China Gas Holdings Ltd Saudi Arabian Oil Co. FLAGA Gmbh University of Palermo Kleenheat Bharat Petroleum Corporation Limited JGC HOLDINGS CORPORATION Phillips 66 Company Chevron Corporation Reliance Industries Limited Exxon Mobil Corporation

The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

1. Executive Summary
2. LPG Market Introduction
2.1. Global LPG Market  Taxonomy
2.2. Global LPG Market Definitions
2.2.1. By Technology
2.2.2. By Application
2.2.3. By Region
3. Global LPG Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global LPG Market Dynamic Factors - Impact Analysis
3.6. Global LPG Market  Competition Landscape
4. Global LPG Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global LPG Market, By Technology, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
5.1. Refinery
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Associated Gas
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Non-associated Gas
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global LPG Market, By End User, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
6.1. Residential
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Transport
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Industrial
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Commercial
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Refinery
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Global LPG Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global LPG Market - Opportunity Analysis Index, By Technology, By Application and Region, 2024 - 2030
8. North America LPG Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
8.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Refinery
8.1.2. Associated Gas
8.1.3. Non-associated gas
8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.2.1. Residential
8.2.2. Transport
8.2.3. Industrial
8.2.4. Commercial
8.2.5. Refinery
8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America LPG Market - Opportunity Analysis Index, By Technology, By Application and Country, 2024 - 2030
8.5. North America LPG Market Dynamics  Trends
9. Europe LPG Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
9.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Refinery
9.1.2. Associated Gas
9.1.3. Non-associated gas
9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Residential
9.2.2. Transport
9.2.3. Industrial
9.2.4. Commercial
9.2.5. Refinery
9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Rest of Europe
9.4. Europe LPG Market - Opportunity Analysis Index, By Technology, By Application and Country, 2024 - 2030
9.5. Europe LPG Market Dynamics  Trends
10. Asia-Pacific LPG Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
10.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Refinery
10.1.2. Associated Gas
10.1.3. Non-associated gas
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Residential
10.2.2. Transport
10.2.3. Industrial
10.2.4. Commercial
10.2.5. Refinery
10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific LPG Market - Opportunity Analysis Index, By Technology, By Application and Country, 2024 - 2030
10.5. Asia-Pacific LPG Market Dynamics  Trends
11. Latin America LPG Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
11.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Refinery
11.1.2. Associated Gas
11.1.3. Non-associated gas
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Residential
11.2.2. Transport
11.2.3. Industrial
11.2.4. Commercial
11.2.5. Refinery
11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America LPG Market - Opportunity Analysis Index, By Technology, By End Use and Country, 2024 - 2030
11.5. Latin America LPG Market Dynamics  Trends
12. Middle East and Africa LPG Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
12.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Refinery
12.1.2. Associated Gas
12.1.3. Non-associated gas
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Residential
12.2.2. Transport
12.2.3. Industrial
12.2.4. Commercial
12.2.5. Refinery
12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA LPG Market - Opportunity Analysis Index, By Technology, By Application and Country, 2024 - 2030
12.5. MEA LPG Market Dynamics  Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Repsol
13.2.2. China Gas Holdings Ltd
13.2.3. Saudi Arabian Oil Co.
13.2.4. FLAGA Gmbh
13.2.5. University of Palermo
13.2.6. Kleenheat
13.2.7. Bharat Petroleum Corporation Limited
13.2.8. JGC HOLDINGS CORPORATION
13.2.9. Phillips 66 Company
13.2.10. Chevron Corporation
13.2.11. Reliance Industries Limited
13.2.12. Exxon Mobil Corporation
14. Research Methodology
15. Key Assumptions and Acronyms

Key Market Players

  • Repsol
  • China Gas Holdings Ltd
  • Saudi Arabian Oil Co.
  • FLAGA Gmbh
  • University of Palermo
  • Kleenheat
  • Bharat Petroleum Corporation Limited
  • JGC HOLDINGS CORPORATION
  • Phillips 66 Company
  • Chevron Corporation
  • Reliance Industries Limited
  • Exxon Mobil Corporation

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