LNG and LPG Gas Market Size, Share, Growth, Industry Statistics | Valuates Reports

LNG and LPG Market

Liquefied petroleum gas or liquid petroleum gas (LPG or LP gas), also referred to as simply propane or butane, are flammable mixtures of hydrocarbon gases used as fuel in heating appliances, cooking equipment, and vehicles. Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport.
LPG consists of propane and butane while LNG is mostly methane. LPG is produced during the oil refining process or is extracted during the natural gas production process.

A report titled, “Global LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Outlook 2022” has been recently published by QY Research. The dedicated analysts and researchers have carried out deep-seated research to put forth the present and future scenario of the LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) market. They have provided an in-depth review with accuracy and reliability to give the readers an overall picture.

The global LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) market size is projected to reach US$ million by 2027, from US$ million in 2020, at a CAGR of % during 2021-2027.

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High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

The readers in the section will understand how the LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) market scenario changed across the globe during the pandemic and post-pandemic. The study is done keeping in view the changes in aspects such as production, demand, consumption, supply chain. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Key segments including type, and application have been elaborated in this report. The consultants at QY Research have studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows production and revenue data by type, and application during the historical period (2016-2021) and forecast period (2022-2027).

LNG and LPG Market Segmentation

By Type
• LNG
• LPG

By Application
• Cooking
• Rural Heating
• Motor Fuel
• Conversion to Gasoline
• Refrigeneration

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This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and production data of each region and country for the period 2016-2027. This information derived through comprehensive research will help the reader to get familiar with the potential value of the investment in a particular region. North America, Europe, China and Japan are the major regions studied in the research report.

In this section, the readers will gain an understanding of the key players competing. The experts at QY Research have studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and production by manufacturers for the period 2016-2021. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Key Companies
• BP
• ExxonMobil
• Royal Dutch Shell
• Philips 66
• RIL
• Chevron
• CNPC
• Sinopec
• PDVSA
• Valero

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