Global Liquified Petroleum Gas Market - Strategic Insights and Forecasts (2025-2030)

Description

Liquified Petroleum Gas Market Size:

The Global Liquified Petroleum Gas Market is set to expand from USD 136.548 billion in 2025 to USD 171.880 billion by 2030, at a CAGR of 4.71%.

LPG is a by-product of propane and butane and mainly extracted through refineries (crude oil) or natural gas (propane and butane’s by-product), which differs from area to area, such as in North America, the majority of the supply of LPG is from natural gases, where the United States and Canada are the major exporters of LPG, and that in the Asia Pacific is from refineries’ extraction. At the global level, the majority of extraction of LPG in the market is from natural gas, mainly contributed by North America, Europe, Middle East. Considering the different methods of extraction (natural gas and refinery), the natural gas process is more appealing as it involves a gas separation facility, which extracts the LPG easily and cost-effectively, whereas the refineries involve a high installation cost of the liquefaction process. The distribution of LPG can be done through tankers, drums, or pipelines, depending on the logistics and demand of the good.

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Liquified petroleum gas is a clean fuel, cost-effective in use, and an environment-friendly substitute for the gasoline and diesel in the market that is boosting the demand for the LPG. The major drivers for the global LPG market are an increase in consumption of LPG due to an increase in population growth, government initiatives to use cleaner fuel, industrialization, and urbanization, increasing investments in developing countries, and improving R&D. While, the storage issue of LPG, irregular domestic supply of LPG, high installation cost of LPG to liquefaction process are the major restraints in this market. Due to the properties of LPG such as highly inflammable and so on creates the problem for the suppliers to store it and supply it accordingly. Among the application segment, the residential and commercial segments are the dominant segments globally due to the increasing investments and increase in urbanization and industrialization. Since people’s preference towards traditional uses of fuel and government initiatives has been boosting the demand for the LPG worldwide.

Liquified Petroleum Gas Market Growth Drivers:

• Growth of SMEs

Some under-construction projects of NGL are Arbuckle II, Front Range Expansion, Texas Express Expansion, Mariner East 2X, and Lone Star Express Expansion that are projected to be operational by 2020. Some developed projects that will be operational by 2022. The marine industry has significant growth for the LPG market in the upcoming future as LPG is becoming popular as a marine fuel in the shipping industry.  All these upcoming projects and boom in sale oil US is going make the US the top supplier and producer of the crude oil in the market and hence, the top supplier of the LPG as well. This increase in supply (along with the increase in demand) also helps to maintain the prices of LPG in the market and hence, creates a potential demand and growth for the same in the future.

Liquified Petroleum Gas Market Geographical Outlook:

• The Asia Pacific to witness lucrative growth.

Asia Pacific is predicted to have an attractive region for the global LPG market, as due to the increasing population in this region, the demand for the LPG is booming there, especially in China, India, and Japan.

Also, the investments in industrialization and urbanization in these developing countries are increasing due to cost-effectiveness is driving the growth of demand for LPG in the forecast period in the Asia Pacific region. Apart from it, government initiatives to promote the LPG for cooking instead of conventional fuels to reduce the harmful gases into the environment.

Liquified Petroleum Gas Market Scope:

Liquified Petroleum Gas Market Segmentation:

• By Technology
  • Refinery
  • Associated Gas
  • Non-associated gas
• By Application
  • Residential segment
  • Transport segment
  • Industrial segment
  • Commercial segment
  • Refinery segment
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. GLOBAL LIQUIFIED PETROLEUM GAS MARKET BY TECHNOLOGY

5.1. Introduction

5.2. Refinery

5.3. Associated Gas

5.4. Non-associated gas

6. GLOBAL LIQUIFIED PETROLEUM GAS MARKET BY APPLICATION

6.1. Introduction

6.2. Residential segment

6.3. Transport segment

6.4. Industrial segment

6.5. Commercial segment

6.6. Refinery segment

7. GLOBAL LIQUIFIED PETROLEUM GAS MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. France

7.4.3. United Kingdom

7.4.4. Spain

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. India

7.6.3. Japan

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Repsol

9.2. China Gas Holdings Ltd

9.3. Saudi Arabia Oil Co

9.4. FLAGA Gmbh

9.5. Kleenheat

9.6. Bharat Petroleum Corp Ltd

9.7. JGC Holdings Corp

9.8. Phillips 66 Company

9.9. Chevron Crp

9.10. Reliance

9.11. Exxon Mobil Corp

10. APPENDIX

10.1. Currency 

10.2. Assumptions

10.3. Base and Forecast Years Timeline

10.4. Key benefits for the stakeholders

10.5. Research Methodology 

10.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

Repsol

China Gas Holdings Ltd

Saudi Arabia Oil Co

FLAGA Gmbh

Kleenheat

Bharat Petroleum Corp Ltd

JGC Holdings Corp

Phillips 66 Company

Chevron Crp

Reliance

Exxon Mobil Corp

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