- Refinery,
- Associated Gas,
- Non-associated gas
LPG Market size was valued at USD 132.3 Billion in 2022 and is expected to grow at a significant CAGR of 4.8% from 2023 to 2029. The global market provides a detailed overview of the LPG Market and can be segmented by Technology and 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. according to Precision Business Insights.
LPG Market 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.
Lpg Market Summary
Study Period
2024-2030
Base Year
2023
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.
Asia-Pacific Got Significant Share
LPG Market Regional Analysis
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
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The 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
Lpg Market Segmentation
By Technology
By Application
- Residential,
- Transport,
- Industrial,
- Commercial,
- Refinery
By Geography
- North America,
- Europe,
- Asia Pacific,
- Latin America and
- Middle East and Africa
Frequently Asked Questions
The lpg market size was valued at USD 132.3 billion in 2022
The lpg 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 lpg 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, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global LPG Market, By Technology, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Refinery |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1. Residential |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2023 - 2029 |
| 8. North America LPG Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 8.5. North America LPG Market Dynamics Trends |
| 9. Europe LPG Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 9.5. Europe LPG Market Dynamics Trends |
| 10. Asia-Pacific LPG Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 10.5. Asia-Pacific LPG Market Dynamics Trends |
| 11. Latin America LPG Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 11.5. Latin America LPG Market Dynamics Trends |
| 12. Middle East and Africa LPG Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 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 |
- 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