openPR Logo
Press release

Liquefied Petroleum Gas Market, Global Industry Report, 2030

05-26-2021 03:18 PM CET | Energy & Environment

Press release from: Transparency Market Research - Energy & Mining

Albany, NY - Liquefied Petroleum Gas Market: Introduction

The global liquefied petroleum gas market was valued at ~US$ 185 Bn in 2019 and is anticipated to expand at a CAGR of ~5% during the forecast period. Among sources, the refinery segment dominated the global liquefied petroleum gas market in 2019, as refineries is a major source of liquefied petroleum gas worldwide. Moreover, investments in oil and gas refineries are rising so as to meet the increasing demand. Based on end user, the residential/commercial segment accounted for a dominant share of the global liquefied petroleum gas market in 2019. This can be primarily ascribed to increase in urbanization and modernization. The traditional use of solid fuel for cooking is reducing. The liquefied petroleum gas market in Asia Pacific is estimated to expand at a substantial pace during the forecast period, owing to high investments in the oil & gas industry and establishment of numerous offshore exploration facilities in the region.

To understand key trends, Download Sample Report at - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=491

Key Drivers of Liquefied Petroleum Gas Market

Increasing demand for liquefied petroleum gas from developing countries is estimated to boost the global liquefied petroleum gas market during the forecast period. Industrialization and urbanization have increased significantly across the globe over the last few years. However, the flow of investments has shifted from developed nations toward developing countries, due to lower costs of infrastructure and labor. Environmental rules and regulations in developing countries are also not stringent. This provides an added advantage to market players. Increase in investments in industrialization and urbanization has led to rise in household income as well as disposable income of the middle class. This has resulted in rise in the adoption of liquefied petroleum gas in residential and transportation sectors.

The increase in awareness about environment-related issues and implementation of stringent rules and regulations by government regulatory authorities have compelled companies to look for green solutions. Recently, liquefied petroleum gas has been increasingly used as a substitute for gasoline and diesel. Liquefied petroleum gas is a clean fuel. The use of liquefied petroleum gas offers a cost-effective solution to companies. Thus, rise in the demand for liquefied petroleum gas in developing countries, such as China, India, Indonesia, Brazil, Mexico, and Nigeria, for cooking, transportation, and various other industrial uses is projected to drive the liquefied petroleum gas market in these countries during the forecast period.

More Trending Reports by Transparency Market Research - https://www.prnewswire.com/news-releases/increasing-demand-for-power-to-drive-global-underground-mining-market-to-valuation-of-us-25-bn-by-2027–transparency-market-research-301008293.html

Asia Pacific Offers Lucrative Opportunities to Liquefied Petroleum Gas Market

Asia Pacific is anticipated to be a highly attractive region of the global liquefied petroleum gas market during the forecast period. The market in Asia Pacific is estimated to expand at a significant pace between 2020 and 2030, as the oil & gas industry in the region is booming led by rising population. The demand for oil & gas is rising especially in China, India, and Japan. Furthermore, investments in the modernization and urbanization in the region are rising. This, in turn, is estimated to drive the demand for liquefied petroleum gas in Asia Pacific during the forecast period.

Request for Discount on This Report at - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=491

Major Developments in Liquefied Petroleum Gas Market

In June 2019, ExxonMobil Corporation expanded its Singapore refinery to upgrade production and strengthen the supply of LNG in order to meet the rising demand. In May 2019, ExxonMobil Corporation announced its plans to invest US$ 2 Bn in the expansion of its manufacturing facility in Baytown, Texas, the U.S. The expansion would help create 2,000 new jobs and increase the company’s production capacity.

Competition Landscape of Liquefied Petroleum Gas Market

The global liquefied petroleum gas market is moderately fragmented. Various international as well local players hold a major share of the global liquefied petroleum gas market. Major players operating in the global liquefied petroleum gas market are British Petroleum plc, ExxonMobil Corporation, Royal Dutch Shell plc, UGI Corporation, Kleenheat Gas Pty Limited, China Gas Holdings Limited, Copagaz Distribuidora De Gas Ltda, Repsol S.A, Origin Energy, and SHV Energy N.V.

Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=491

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Liquefied Petroleum Gas Market, Global Industry Report, 2030 here

News-ID: 2291232 • Views: 253

More Releases from Transparency Market Research - Energy & Mining

Wastewater Treatment Services Market – Notable Developments and Geographical O …
Albany, NY - Wastewater Treatment Services Market- Overview Large amount of wastewater is produced from households and industries that can be successfully treated for reuse and also for discharging it into the environment. Many regions in the world are going through water crisis. Wastewater treatment services can provide significant solutions to handle this situation. Rapid urbanization brought by industrialization and unprecedented population rise are inducing high demand for clean drinking
Key Drivers of Europe Distribution Transformer Market
Albany, NY - Europe Distribution Transformer Market­­­: Introduction The distribution transformer market in Europe was valued at US$ 3.5 Bn in 2019 and is anticipated to expand at a CAGR of 6.5% during the forecast period. Based on insulation, the liquid segment held dominant share of the distribution transformer market in Europe in 2019. In terms of insulation type, the replacement segment accounted for a larger share of the distribution transformer market in Europe in 2019. Power failures have been rising due to
Customized Peptide Generation Market Drivers, Restraints and Notable Development …
Albany, NY - Global Customized Peptide Generation Market: Overview Mechanical developments, expanding research exercises in the field of engineered science, developing weight of malignancy and irresistible illnesses, and expanding ventures and subsidizing for protein-based inquire about are the central point driving the customized peptide generation market development. Peptide usage in the pharmaceutical business has experienced an enormous change lately because of mechanical improvements. Prior, peptide generation was completed with the assistance of common sources,
Hybrid And Full Electric Marine Propulsion Market To Hit US$7,516.7 Mn By 2026
Albany, NY - The global hybrid and full electric marine propulsion market bears a fairly fragmented vendor landscape, says Transparency Market Research (TMR) in a recently published report. This is solely because of the existence of large, medium, and small scale players in the market. BAE Systems, Wartsilla Corporation, AB Volvo Penta, Niigata Power Systems, and Fairbanks Morse Engine are the leading companies in the global hybrid and full electric marine propulsion

All 5 Releases


More Releases for Gas

Know about City Gas Distribution Market Growth with Top Companies details like: …
The City Gas Distribution Market 2020-2024 Report involve of strong research on global City Gas Distribution industry which enables the customer to look at the possible requirement as well as prediction. The constraints and drivers are assembled after a significant study of the global City Gas Distribution market's proficiency. The development ratio which is expected in perspective of the rational analysis provides thorough information of the worldwide City Gas Distribution
City Gas Distribution Market 2019: Top Companies- Gujarat Gas, Indraprastha Gas, …
A network that deliver the gas in the city. Growth in the market is anticipated on account of increasing natural gas demand from domestic, commercial, industrial as well as automotive end user segments. Get Sample Copy of This Report at https://www.orianresearch.com/request-sample/1011059 City Gas Distribution Industry 2019 Global Market research report provides a detailed analysis of market growth factors, industry share, regional trends, size and Forecast till 2025. This report
City Gas Distribution Market Exploring Future Growth 2019-2023 and Key Players - …
Global City Gas Distribution Market Research Report consists of all the significant data related to the global market. The report presents a comprehensive analysis of the various industry growth factors, including the market trends, dynamics, estimates, production and consumption ratio, industry development factors, size, share, supply and demand, forecast trends, sales, as well as several other factors. The report has been generated leveraging a blend of the primary and secondary
2019-2026 City Gas Distribution Market Report By Top Most Key Players like Gujar …
Up Market Research published an exclusive report on City Gas Distribution Market. As per the report, City Gas Distribution Market research report is expected to grow at tremendous rate during 2019-2026. Get sample of this report @ https://www.upmarketresearch.com/home/requested_sample/89587 The report provides current market scenario, trending innovations, market segmentation, factors driving and restraining the market growth, future opportunities, revenue growth, and profitability of the industry. The City Gas Distribution Market research
Global City Gas Distribution Market 2018: Key Players – Gujarat Gas, Indrapras …
Summary WiseGuyReports.com adds “City Gas Distribution Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database. This report provides in depth study of “City Gas Distribution Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The City Gas Distribution Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an
City Gas Distribution Market Latest Technology Trends 2018 | Growth by Top Compa …
A network that deliver the gas in the city. Growth in the market is anticipated on account of increasing natural gas demand from domestic, commercial, industrial as well as automotive end user segments. The report Global City Gas Distribution Market 2018 focuses on fundamental know-how of City Gas Distribution segment. The report provides comprehensive study and vivid description of drivers, limitations, openings, request factors, market size, conjectures, and patterns in the Worldwide