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LPG Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

LPG Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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LPG Market: By Technology (Refinery, Associated Gas, Non-associated gas), By Application (Residential, Transport, Industrial, Commercial, Refinery) and Geography

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Report

Description

LPG Market size is valued at USD 132.3 Billion in 2021 and is expected to grow at a significant CAGR of 4.8% during the forecast period 2022 to 2028. The global market provides a detailed overview of the LPG Market and that can be segmented by Technology, Application. By technology, the LPG 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 LPG 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 2022-2028 according to precision business insights.

Key Development:

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

LPG Market

MARKET SUMMARY
-
4.8%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 4.8%
  • Largest Market–  North America
  • Fastest Growing Market– Asia Pacific
LPG Market

  • The lpg market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The lpg market report gives historical, current, and future market sizes (US$ Mn) based on technology, application and geography.
Key Players
  • Repsol
  • FLAGA Gmbh
  • China Gas Holdings Ltd
  • Saudi Arabian Oil Co.
  • University of Palermo
LPG Market Drivers

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.

Asia-Pacific Got Significant Share

LPG Market

By region, the Asia Pacific market is expected to witness the highest market share during the forecast period owing to the population growth, ample resource availability, and high energy necessities, coupled with easy affordability owing to the existence of government subsidies on LPG cylinders have been the key factors fueling the regional market growth.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Features of the Report

  • The lpg market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The lpg market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The lpg market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The lpg market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The lpg market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
LPG Market Segmentation

segmentation-block-image

By Technology

    • Refinery,
    • Associated Gas,
    • Non-associated gas
segmentation-block-image

By Application

    • Residential,
    • Transport,
    • Industrial,
    • Commercial,
    • Refinery
segmentation-block-image

By Geography

    • North America,
    • Europe,
    • Asia Pacific,
    • Latin America and
    • Middle East and Africa
Location

GEOGRAPHY

Frequently Asked Questions

The lpg market is projected to expand at a CAGR of 4.8% during the forecast period.

The major players in the global hospital beds market 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.

Asia Pacific is the fastest-growing region for lpg  market

Report

Table Of Content

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, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global LPG Market, By Technology, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
5.1. Refinery
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
6.1. Residential
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
7.1. North America
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2022 – 2028
8. North America LPG Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
8.1. Technology Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
8.5. North America LPG Market Dynamics – Trends
9. Europe LPG Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
9.1. Technology Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
9.5. Europe LPG Market Dynamics – Trends
10. Asia-Pacific LPG Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
10.1. Technology Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
10.5. Asia-Pacific LPG Market Dynamics – Trends
11. Latin America LPG Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
11.1. Technology Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
11.5. Latin America LPG Market Dynamics – Trends
12. Middle East and Africa LPG Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
12.1. Technology Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
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
Report

Company Profile

  • 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

Description

LPG Market size is valued at USD 132.3 Billion in 2021 and is expected to grow at a significant CAGR of 4.8% during the forecast period 2022 to 2028. The global market provides a detailed overview of the LPG Market and that can be segmented by Technology, Application. By technology, the LPG 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 LPG 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 2022-2028 according to precision business insights.

Key Development:

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

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