Press release
Liquefied Petroleum Gas (LPG) Market Key Players 2017-2026 Royal Dutch Shell, Oil & Natural Gas Corporation Ltd., Total SA, Oman Oil Company, Qatargas
Liquefied Petroleum Gas is a group of flammable hydrocarbon gases, which are liquefied through pressurisation. Liquefied Petroleum Gas is obtained through natural gas processing and petroleum refining. Liquefied petroleum gas includes propane, butane and isobutane, along with mixtures of these gases. Liquefied Petroleum Gas is used as fuel in heating, cooking, hot water and vehicles. It also finds applications in refrigerants, aerosol propellants and petrochemical feedstock.
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Increasing population and growing demand from the transportation sector boosts the Liquefied Petroleum Gas (LPG) Market
The growing demand for liquefied petroleum gas for cooking and heating applications primarily drives the growth of the Liquefied Petroleum Gas (LPG) Market. There has been an increased demand of expanding autogas as alternative fuel for transportation, which supports the market growth. Low greenhouse and particulate matter emissions by LPG boost the adoption of liquefied petroleum gas across the world. Rural population and high efficiency offered by LPG accelerates the adoption of liquefied petroleum gas. Government regulations and subsidies offered on purchase of LPG supplements the growth of the market.
Global Liquefied Petroleum Gas (LPG) Market Taxonomy
The global Liquefied Petroleum Gas (LPG) Market is segmented on the basis of source, end-user, and geography.
By Source
• Refineries
• Associated Gas
• Non-associated Gas
By End-User
• Residential
• Commercial
• Transportation
• Chemical
• Industrial
• Others
Geographically, the global Liquefied Petroleum Gas (LPG) Market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The increasing energy demands, and government initiatives boost the growth of Asia-Pacific Liquefied Petroleum Gas (LPG) Market
On the basis of geography, Asia-Pacific is expected to dominate the global Liquefied Petroleum Gas (LPG) Market during the forecast period. The increasing population, and high energy requirements are expected to drive the growth of the Liquefied Petroleum Gas (LPG) Market in this region. The high availability of LPG and low costs associated with it also accelerates the growth of the Liquefied Petroleum Gas (LPG) Market. There has been a growing demand of liquefied petroleum gas for cooking purposes in the region. Increasing initiatives and investments by governments in the region boost the adoption of liquefied petroleum gas in the region.
Key players in the global Liquefied Petroleum Gas (LPG) Market are:
• Royal Dutch Shell
• Oil & Natural Gas Corporation Ltd.
• Total SA
• Oman Oil Company
• Qatargas
• Hindustan Petroleum Corporation Ltd.
• Reliance Industries Ltd. (RIL)
• China Gas Holdings Ltd.
• Bharat Petroleum Corporation Ltd
• ExxonMobil Corporation.
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