[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Liquefied Petroleum Gas (LPG) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

April 2022 | 145 pages | ID: LB5A7A3A2E75EN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The global liquefied petroleum gas (LPG) market reached a value of US$ 128.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 164.4 Billion by 2027, exhibiting a CAGR of 3.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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. In comparison to natural gas, LPG burns readily in air and has higher heat energy. It also offers various other benefits, such as clean-burning, no soot, easily controllable flame temperatures and minimal sulfur content, thereby making it highly efficient for heating, cooking and automotive applications.

Increasing infrastructural developments across the globe represents one of the key factors driving the growth of the market. Furthermore, the rising environmental consciousness among the masses regarding the benefits of using LPG as an effective alternative to fossil fuels, is creating a positive outlook for the market. In line with this, significant growth in the automotive industry is also driving the market growth. LPG is widely used as an autogas and is a clean and effective source of energy that has lower levels of carbon emissions. It is stored in pressurized cylindrical containers for use in agricultural, hospitality, construction and sailing applications. Additionally, improvements in the extraction and refining technologies for natural gases are favoring the market growth. Other factors, including the implementation of various government initiatives to promote the usage of LPG in place of coal, wood and kerosene for household cooking, along with rapid urbanization, especially in developing economies, are anticipated to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global liquefied petroleum gas (lpg) market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on source, application and supply mode.

Breakup by Source:

Refinery
Associated Gas
Non-Associated Gas

Breakup by Application:

Residential
Commercial
Refinery and Petrochemical
Transportation
Others

Breakup by Supply Mode:

Packaged
Bulk and On-site

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Bharat Petroleum Corporation Limited, BP P.L.C., Chevron Corporation, China Gas Holdings Ltd., Exxon Mobil Corporation, Origin Energy Limited, Petroliam Nasional Berhad, Phillips 66 Company, Repsol S.A., Royal Dutch Shell PLC and Valero Energy Corporation. Key Questions Answered in This Report:
How has the global liquefied petroleum gas (LPG) market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global liquefied petroleum gas (LPG) market?
What are the key regional markets?
What is the breakup of the market based on the source?
What is the breakup of the market based on the application?
What is the breakup of the market based on the supply mode?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global liquefied petroleum gas (LPG) market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL LIQUEFIED PETROLEUM GAS (LPG) MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY SOURCE

6.1 Refinery
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Associated Gas
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Non-Associated Gas
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 Residential
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Commercial
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Refinery and Petrochemical
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Transportation
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Others
  7.5.1 Market Trends
  7.5.2 Market Forecast

8 MARKET BREAKUP BY SUPPLY MODE

8.1 Packaged
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Bulk and On-Site
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Bharat Petroleum Corporation Limited
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2 BP P.L.C.
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
    14.3.2.4 SWOT Analysis
  14.3.3 Chevron Corporation
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
    14.3.3.4 SWOT Analysis
  14.3.4 China Gas Holdings Ltd.
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
  14.3.5 Exxon Mobil Corporation
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
    14.3.5.4 SWOT Analysis
  14.3.6 Origin Energy Limited
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7 Petroliam Nasional Berhad
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 SWOT Analysis
  14.3.8 Phillips 66 Company
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
    14.3.8.4 SWOT Analysis
  14.3.9 Repsol S.A.
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 Financials
  14.3.10 Royal Dutch Shell PLC
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
  14.3.11 Valero Energy Corporation
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 Financials
    14.3.11.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Liquefied Petroleum Gas Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Liquefied Petroleum Gas Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 3: Global: Liquefied Petroleum Gas Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Liquefied Petroleum Gas Market Forecast: Breakup by Supply Mode (in Million US$), 2022-2027
Table 5: Global: Liquefied Petroleum Gas Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Liquefied Petroleum Gas Market: Competitive Structure
Table 7: Global: Liquefied Petroleum Gas Market: Key Players

LIST OF FIGURES

Figure 1: Global: Liquefied Petroleum Gas Market: Major Drivers and Challenges
Figure 2: Global: Liquefied Petroleum Gas Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Liquefied Petroleum Gas Market: Breakup by Source (in %), 2021
Figure 4: Global: Liquefied Petroleum Gas Market: Breakup by Application (in %), 2021
Figure 5: Global: Liquefied Petroleum Gas Market: Breakup by Supply Mode (in %), 2021
Figure 6: Global: Liquefied Petroleum Gas Market: Breakup by Region (in %), 2021
Figure 7: Global: Liquefied Petroleum Gas Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Liquefied Petroleum Gas (Refinery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Liquefied Petroleum Gas (Refinery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Liquefied Petroleum Gas (Associated Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Liquefied Petroleum Gas (Associated Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Liquefied Petroleum Gas (Non-Associated Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Liquefied Petroleum Gas (Non-Associated Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Liquefied Petroleum Gas (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Liquefied Petroleum Gas (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Liquefied Petroleum Gas (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Liquefied Petroleum Gas (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Liquefied Petroleum Gas (Refinery and Petrochemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Liquefied Petroleum Gas (Refinery and Petrochemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Liquefied Petroleum Gas (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Liquefied Petroleum Gas (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Liquefied Petroleum Gas (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Liquefied Petroleum Gas (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Liquefied Petroleum Gas (Packaged) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Liquefied Petroleum Gas (Packaged) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Liquefied Petroleum Gas (Bulk and On-Site) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Liquefied Petroleum Gas (Bulk and On-Site) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia Pacific: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia Pacific: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Global: Liquefied Petroleum Gas Industry: SWOT Analysis
Figure 77: Global: Liquefied Petroleum Gas Industry: Value Chain Analysis
Figure 78: Global: Liquefied Petroleum Gas Industry: Porter’s Five Forces Analysis


More Publications