Press release
LPG Market to reach USD 229.30 Bn by 2029, emerging at a CAGR of 6.5 percent and forecast 2023-2029
Our report is based on rigorous research methods, incorporating quantitative and qualitative analysis. We utilize industry data, market trends, and expert insights to provide a detailed and accurate portrayal of the LPG market.
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LPG Market Dynamics:
In 2022, LPG consumption saw a growth rate of 7.7%, with a cumulative growth of 5.4% from April 20 to Feb 21. North America led in LPG sales with a 31.8% market share. The industry is expanding globally due to increased demand and stringent environmental regulations. While renewable energy poses a challenge, government incentives and the growing use of LPG in automobiles present lucrative opportunities for market players.
LPG Market Regional Insights:
Asia-Pacific Dominance: In 2022, Asia Pacific accounted for a significant market share. Factors such as population growth, resource availability, high energy demands, and government discounts on LPG cylinders drove regional expansion.
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LPG Market Segmentation:
by Source
Refiners
Associated gas
Non-Associated gas
by Application
Automobile fuel
Residential
Commercial
Industrial
Others
LPG Market Key Players:
1.Saudi Aramco
2.Sinopec
3.ADNOC
4.CNPC
5.Exxon Mobil
6.Reliance Industries
7.KNPC
8.Phillips66
9.Bharat Petroleum Corporation Ltd.
10.Pemex
11.Total Corp.
12.Qatar Petroleum
13.Equinor
14.BP Corp.
15.Gazprom Corp.
16.Chevron
17.ConocoPhillips Company
18.SHV Energy (NL)
19.Valero Energy
20.UGI Corporation
21.Royal Dutch Shell PLC
22.Others
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Table of content for the LPG Market includes:
Global LPG Market: Research Methodology
Global LPG Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global LPG Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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