Asia-Pacific LPG Market –Segmented by Source (Refinery, Associated Gas, and Non-associated Gas), By Application (Residential, Commercial, Agriculture, Industrial, Transportation, and Others), By Supply Mode (Packaged, Bulk, On-site), By Country, Size, Share, Trends, Forecast & Opportunities, 2018-2028
Asia-Pacific LPG Market is anticipated to grow at a steady pace in the forecast period, 2023-2028, The increase in demand for LPG from various operations is what is driving the liquefied petroleum gas industry. Additionally, one of the major factors driving the market's expansion is the implementation of strict government rules against environmental pollution.
Propane, usually referred to as liquefied petroleum gas, is a flammable hydrocarbon gas that is frequently utilized as a non-toxic and sulfur-free fuel. Along with butane (C4H10) and propane (C3H8), it also contains minor amounts of other hydrocarbons. Owing to its easy storage, LPG is a very adaptable source of energy for businesses located in places without access to piped gas supply. It is favored over a number of other energy fuels because it emits less carbon and sulphur during combustion, protecting the environment. In process industries, LP gas is frequently used to power the boilers that produce steam and boiled water. Due to its high flash point and clean fuel with little GHG emission, it is also employed as a residential cooking gas.
Increasing Demand for Autogas is Augmenting the LPG Market Growth
Over the past 20 years, auto gas consumption has significantly expanded and in 2019 reached a record high of 27.1 million tonnes. The COVID-19 crisis upheaval led to a considerable decline in auto gas use in 2020 as compared to other transportation fuels. With around 27.8 million operational auto gas vehicles worldwide, the auto gas fleet is still expanding rapidly. The proportion of gas in the overall amount of vehicle fuel consumed varies greatly between nations, from 0.03% in the United States to over 25% in the Ukraine. The vast discrepancy in auto gas' ability to compete successfully with gasoline, diesel, and other conventional car fuels is primarily accounted for by variations in government incentive schemes. The environment is the main justification for the government's aggressive promotion of auto gas and other alternative fuels in many nations. In the majority of comparative examinations of environmental performance carried out globally, auto gas outperforms gasoline, diesel, and certain other alternative fuels. The Asia Pacific market is expected to grow as a result of these factors.
Increasing Government Initiatives and Support for LPG Adoption to Aid Market Dynamics
The use of LPG has been expanding in Asia Pacific, across several sectors as GHG emissions reduction and guaranteeing sustainable energy for everyone have come under more and more scrutiny. The government has made major contributions in the form of programs and subsidies to accelerate the adoption of LPG. The 'PAHAL' scheme, which deposits subsidies directly into the bank accounts of consumers who are entitled to them, is one of the governments of India's efforts that more effectively targets subsidies. The 'give it up' campaign that supports this program encourages consumers who can afford to buy LPG at market rates to voluntarily stop purchasing products that are subsidized. The market is expected to grow throughout the forecast period as a result of LPG potentially becoming an appealing alternative fuel for more applications.
Increasing Utilization of LPG in Transportation as an Alternative Fuel to Augment Growth
Autogas is another term for automotive liquefied petroleum gas, or LPG, which is used as a fuel for automobiles. In terms of fleet size, auto gas is the non-blended alternative to conventional oil-based transport fuels such as gasoline and diesel that is most widely used. The auto gas market is well established in several nations. Over the past two decades, auto gas consumption has continuously climbed, hitting a record high of 27.1 million tonnes in 2019 with an increase of 1% over the previous year. Despite this, demand has declined recently, in part due to increased fuel efficiency and a decrease in the autogas fleet in some key regions. Countries' trends vary significantly, with some experiencing high market growth in 2019 while others had declines. In 2020, global pandemic brought due to which demand for Autogas and other transportation fuels is reduced.
In 2020, the demand for Autogas and other transportation fuels was reduced due to global pandemic.
.During the period of market forecasting, all of these factors are anticipated to increase the demand for this gas.
Market Segmentation
The Asia-Pacific LPG Market is divided into source and application. Based on source, the market is divided into refinery, associated gas, and non-associated gas. Based on application, the market is further divided into residential, commercial, agriculture, industrial, transportation, and others. By Supply Mode (Packaged, Bulk, On-site)
Market Players
Major market players in the Asia-Pacific LPG Market are PetroChina Company Limited, Petroliam Nasional Berhad (PETRONAS), Royal Dutch Shell, Total Energies, Reliance Industries Limited, Exxon Mobil Corporation, Chevron Corporation, China Gas Holdings Ltd, JGC HOLDINGS CORPORATION, and Bharat Petroleum Corporation Limited.
Report Scope:
In this report, the Asia-Pacific LPG Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Asia-Pacific LPG Market.
Available Customizations:
With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
Propane, usually referred to as liquefied petroleum gas, is a flammable hydrocarbon gas that is frequently utilized as a non-toxic and sulfur-free fuel. Along with butane (C4H10) and propane (C3H8), it also contains minor amounts of other hydrocarbons. Owing to its easy storage, LPG is a very adaptable source of energy for businesses located in places without access to piped gas supply. It is favored over a number of other energy fuels because it emits less carbon and sulphur during combustion, protecting the environment. In process industries, LP gas is frequently used to power the boilers that produce steam and boiled water. Due to its high flash point and clean fuel with little GHG emission, it is also employed as a residential cooking gas.
Increasing Demand for Autogas is Augmenting the LPG Market Growth
Over the past 20 years, auto gas consumption has significantly expanded and in 2019 reached a record high of 27.1 million tonnes. The COVID-19 crisis upheaval led to a considerable decline in auto gas use in 2020 as compared to other transportation fuels. With around 27.8 million operational auto gas vehicles worldwide, the auto gas fleet is still expanding rapidly. The proportion of gas in the overall amount of vehicle fuel consumed varies greatly between nations, from 0.03% in the United States to over 25% in the Ukraine. The vast discrepancy in auto gas' ability to compete successfully with gasoline, diesel, and other conventional car fuels is primarily accounted for by variations in government incentive schemes. The environment is the main justification for the government's aggressive promotion of auto gas and other alternative fuels in many nations. In the majority of comparative examinations of environmental performance carried out globally, auto gas outperforms gasoline, diesel, and certain other alternative fuels. The Asia Pacific market is expected to grow as a result of these factors.
Increasing Government Initiatives and Support for LPG Adoption to Aid Market Dynamics
The use of LPG has been expanding in Asia Pacific, across several sectors as GHG emissions reduction and guaranteeing sustainable energy for everyone have come under more and more scrutiny. The government has made major contributions in the form of programs and subsidies to accelerate the adoption of LPG. The 'PAHAL' scheme, which deposits subsidies directly into the bank accounts of consumers who are entitled to them, is one of the governments of India's efforts that more effectively targets subsidies. The 'give it up' campaign that supports this program encourages consumers who can afford to buy LPG at market rates to voluntarily stop purchasing products that are subsidized. The market is expected to grow throughout the forecast period as a result of LPG potentially becoming an appealing alternative fuel for more applications.
Increasing Utilization of LPG in Transportation as an Alternative Fuel to Augment Growth
Autogas is another term for automotive liquefied petroleum gas, or LPG, which is used as a fuel for automobiles. In terms of fleet size, auto gas is the non-blended alternative to conventional oil-based transport fuels such as gasoline and diesel that is most widely used. The auto gas market is well established in several nations. Over the past two decades, auto gas consumption has continuously climbed, hitting a record high of 27.1 million tonnes in 2019 with an increase of 1% over the previous year. Despite this, demand has declined recently, in part due to increased fuel efficiency and a decrease in the autogas fleet in some key regions. Countries' trends vary significantly, with some experiencing high market growth in 2019 while others had declines. In 2020, global pandemic brought due to which demand for Autogas and other transportation fuels is reduced.
In 2020, the demand for Autogas and other transportation fuels was reduced due to global pandemic.
.During the period of market forecasting, all of these factors are anticipated to increase the demand for this gas.
Market Segmentation
The Asia-Pacific LPG Market is divided into source and application. Based on source, the market is divided into refinery, associated gas, and non-associated gas. Based on application, the market is further divided into residential, commercial, agriculture, industrial, transportation, and others. By Supply Mode (Packaged, Bulk, On-site)
Market Players
Major market players in the Asia-Pacific LPG Market are PetroChina Company Limited, Petroliam Nasional Berhad (PETRONAS), Royal Dutch Shell, Total Energies, Reliance Industries Limited, Exxon Mobil Corporation, Chevron Corporation, China Gas Holdings Ltd, JGC HOLDINGS CORPORATION, and Bharat Petroleum Corporation Limited.
Report Scope:
In this report, the Asia-Pacific LPG Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Asia-Pacific LPG Market, By Source:
- Refinery
- Associated Gas
- Non-associated Gas
- Asia-Pacific LPG Market, By Application:
- Residential
- Commercial
- Agriculture
- Industrial
- Transportation
- Others
- Asia-Pacific LPG Market, By Supply Mode:
- Packaged
- Bulk
- On-site
- Asia-Pacific LPG Market, By Country:
- China
- Japan
- India
- South Korea
- Australia
- Vietnam
- Indonesia
- Singapore
- Philippines
- Malaysia
Company Profiles: Detailed analysis of the major companies present in the Asia-Pacific LPG Market.
Available Customizations:
With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
2. RESEARCH METHODOLOGY
3. IMPACT OF COVID-19 ON ASIA-PACIFIC LPG MARKET
4. EXECUTIVE SUMMARY
5. VOICE OF CUSTOMERS
6. ASIA-PACIFIC LPG MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Source (Refinery, Associated Gas, and Non-associated Gas)
6.2.2. By Application (Residential, Commercial, Agriculture, Industrial, Transportation, and Others)
6.2.3. By Supply Mode (Packaged, Bulk, On-site)
6.2.4. By Country
6.2.5. By Company (2022)
6.3. Market Map
7. CHINA LPG MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Source
7.2.2. By Application
7.2.3. By Supply Mode
8. JAPAN LPG MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Source
8.2.2. By Application
8.2.3. By Supply Mode
9. INDIA LPG MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Source
9.2.2. By Application
9.2.3. By Supply Mode
10. SOUTH KOREA LPG MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Source
10.2.2. By Application
10.2.3. By Supply Mode
11. AUSTRALIA LPG MARKET OUTLOOK
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Source
11.2.2. By Application
11.2.3. By Supply Mode
12. VIETNAM LPG MARKET OUTLOOK
12.1. Market Size & Forecast
12.1.1. By Value & Volume
12.2. Market Share & Forecast
12.2.1. By Source
12.2.2. By Application
12.2.3. By Supply Mode
13. INDONESIA LPG MARKET OUTLOOK
13.1. Market Size & Forecast
13.1.1. By Value & Volume
13.2. Market Share & Forecast
13.2.1. By Source
13.2.2. By Application
13.2.3. By Supply Mode
14. SINGAPORE LPG MARKET OUTLOOK
14.1. Market Size & Forecast
14.1.1. By Value & Volume
14.2. Market Share & Forecast
14.2.1. By Source
14.2.2. By Application
14.2.3. By Supply Mode
15. PHILIPPINES LPG MARKET OUTLOOK
15.1. Market Size & Forecast
15.1.1. By Value & Volume
15.2. Market Share & Forecast
15.2.1. By Source
15.2.2. By Application
15.2.3. By Supply Mode
16. MALAYSIA LPG MARKET OUTLOOK
16.1. Market Size & Forecast
16.1.1. By Value & Volume
16.2. Market Share & Forecast
16.2.1. By Source
16.2.2. By Application
16.2.3. By Supply Mode
17. MARKET DYNAMICS
17.1. Drivers
17.2. Challenges
18. MARKET TRENDS & DEVELOPMENTS
19. POLICY & REGULATORY LANDSCAPE
20. COMPANY PROFILES
20.1. PetroChina Company Limited
20.1.1. Business Overview
20.1.2. Key Revenue and Financials (If Available)
20.1.3. Recent Developments
20.1.4. Key Personnel
20.1.5. Key Product/Services
20.2. Petroliam Nasional Berhad (PETRONAS)
20.2.1. Business Overview
20.2.2. Key Revenue and Financials (If Available)
20.2.3. Recent Developments
20.2.4. Key Personnel
20.2.5. Key Product/Services
20.3. Royal Dutch Shell
20.3.1. Business Overview
20.3.2. Key Revenue and Financials (If Available)
20.3.3. Recent Developments
20.3.4. Key Personnel
20.3.5. Key Product/Services
20.4. Total Energies
20.4.1. Business Overview
20.4.2. Key Revenue and Financials (If Available)
20.4.3. Recent Developments
20.4.4. Key Personnel
20.4.5. Key Product/Services
20.5. Reliance Industries Limited
20.5.1. Business Overview
20.5.2. Key Revenue and Financials (If Available)
20.5.3. Recent Developments
20.5.4. Key Personnel
20.5.5. Key Product/Services
20.6. Exxon Mobil Corporation
20.6.1. Business Overview
20.6.2. Key Revenue and Financials (If Available)
20.6.3. Recent Developments
20.6.4. Key Personnel
20.6.5. Key Product/Services
20.7. Chevron Corporation
20.7.1. Business Overview
20.7.2. Key Revenue and Financials (If Available)
20.7.3. Recent Developments
20.7.4. Key Personnel
20.7.5. Key Product/Services
20.8. China Gas Holdings Ltd
20.8.1. Business Overview
20.8.2. Key Revenue and Financials (If Available)
20.8.3. Recent Developments
20.8.4. Key Personnel
20.8.5. Key Product/Services
20.9. JGC HOLDINGS CORPORATION
20.9.1. Business Overview
20.9.2. Key Revenue and Financials (If Available)
20.9.3. Recent Developments
20.9.4. Key Personnel
20.9.5. Key Product/Services
20.10. Bharat Petroleum Corporation Limited
20.10.1. Business Overview
20.10.2. Key Revenue and Financials (If Available)
20.10.3. Recent Developments
20.10.4. Key Personnel
20.10.5. Key Product/Services
21. STRATEGIC RECOMMENDATIONS
22. ABOUT US & DISCLAIMER
2. RESEARCH METHODOLOGY
3. IMPACT OF COVID-19 ON ASIA-PACIFIC LPG MARKET
4. EXECUTIVE SUMMARY
5. VOICE OF CUSTOMERS
6. ASIA-PACIFIC LPG MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Source (Refinery, Associated Gas, and Non-associated Gas)
6.2.2. By Application (Residential, Commercial, Agriculture, Industrial, Transportation, and Others)
6.2.3. By Supply Mode (Packaged, Bulk, On-site)
6.2.4. By Country
6.2.5. By Company (2022)
6.3. Market Map
7. CHINA LPG MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Source
7.2.2. By Application
7.2.3. By Supply Mode
8. JAPAN LPG MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Source
8.2.2. By Application
8.2.3. By Supply Mode
9. INDIA LPG MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Source
9.2.2. By Application
9.2.3. By Supply Mode
10. SOUTH KOREA LPG MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Source
10.2.2. By Application
10.2.3. By Supply Mode
11. AUSTRALIA LPG MARKET OUTLOOK
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Source
11.2.2. By Application
11.2.3. By Supply Mode
12. VIETNAM LPG MARKET OUTLOOK
12.1. Market Size & Forecast
12.1.1. By Value & Volume
12.2. Market Share & Forecast
12.2.1. By Source
12.2.2. By Application
12.2.3. By Supply Mode
13. INDONESIA LPG MARKET OUTLOOK
13.1. Market Size & Forecast
13.1.1. By Value & Volume
13.2. Market Share & Forecast
13.2.1. By Source
13.2.2. By Application
13.2.3. By Supply Mode
14. SINGAPORE LPG MARKET OUTLOOK
14.1. Market Size & Forecast
14.1.1. By Value & Volume
14.2. Market Share & Forecast
14.2.1. By Source
14.2.2. By Application
14.2.3. By Supply Mode
15. PHILIPPINES LPG MARKET OUTLOOK
15.1. Market Size & Forecast
15.1.1. By Value & Volume
15.2. Market Share & Forecast
15.2.1. By Source
15.2.2. By Application
15.2.3. By Supply Mode
16. MALAYSIA LPG MARKET OUTLOOK
16.1. Market Size & Forecast
16.1.1. By Value & Volume
16.2. Market Share & Forecast
16.2.1. By Source
16.2.2. By Application
16.2.3. By Supply Mode
17. MARKET DYNAMICS
17.1. Drivers
17.2. Challenges
18. MARKET TRENDS & DEVELOPMENTS
19. POLICY & REGULATORY LANDSCAPE
20. COMPANY PROFILES
20.1. PetroChina Company Limited
20.1.1. Business Overview
20.1.2. Key Revenue and Financials (If Available)
20.1.3. Recent Developments
20.1.4. Key Personnel
20.1.5. Key Product/Services
20.2. Petroliam Nasional Berhad (PETRONAS)
20.2.1. Business Overview
20.2.2. Key Revenue and Financials (If Available)
20.2.3. Recent Developments
20.2.4. Key Personnel
20.2.5. Key Product/Services
20.3. Royal Dutch Shell
20.3.1. Business Overview
20.3.2. Key Revenue and Financials (If Available)
20.3.3. Recent Developments
20.3.4. Key Personnel
20.3.5. Key Product/Services
20.4. Total Energies
20.4.1. Business Overview
20.4.2. Key Revenue and Financials (If Available)
20.4.3. Recent Developments
20.4.4. Key Personnel
20.4.5. Key Product/Services
20.5. Reliance Industries Limited
20.5.1. Business Overview
20.5.2. Key Revenue and Financials (If Available)
20.5.3. Recent Developments
20.5.4. Key Personnel
20.5.5. Key Product/Services
20.6. Exxon Mobil Corporation
20.6.1. Business Overview
20.6.2. Key Revenue and Financials (If Available)
20.6.3. Recent Developments
20.6.4. Key Personnel
20.6.5. Key Product/Services
20.7. Chevron Corporation
20.7.1. Business Overview
20.7.2. Key Revenue and Financials (If Available)
20.7.3. Recent Developments
20.7.4. Key Personnel
20.7.5. Key Product/Services
20.8. China Gas Holdings Ltd
20.8.1. Business Overview
20.8.2. Key Revenue and Financials (If Available)
20.8.3. Recent Developments
20.8.4. Key Personnel
20.8.5. Key Product/Services
20.9. JGC HOLDINGS CORPORATION
20.9.1. Business Overview
20.9.2. Key Revenue and Financials (If Available)
20.9.3. Recent Developments
20.9.4. Key Personnel
20.9.5. Key Product/Services
20.10. Bharat Petroleum Corporation Limited
20.10.1. Business Overview
20.10.2. Key Revenue and Financials (If Available)
20.10.3. Recent Developments
20.10.4. Key Personnel
20.10.5. Key Product/Services
21. STRATEGIC RECOMMENDATIONS
22. ABOUT US & DISCLAIMER
