Press release
Global Liquefied Petroleum Gas (LPG) Market’s Future Lies in Non-Associated Gas, Expected to reach US$299.05 bn by 2020
A new Transparency Market Research report states that the global liquefied petroleum gas (LPG) market stood at US$233.83 bn in 2013 and is predicted to reach US$299.05 bn by 2020. It is predicted to expand at a CAGR of 3.40% from 2014 to 2023. The title of the report is, “Liquefied Petroleum Gas (LPG) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”Complete Liquefied Petroleum Gas (LPG) Market Report with TOC : http://www.transparencymarketresearch.com/liquefied-petroleum-gas-market.html
Liquid petroleum gas (LPG) is also called referred to as butane or propane and is a flammable mixture made composed of a number of hydrocarbon gases. It is utilized as a fuel within heating appliances, vehicles, and cooking equipment, among others. This gas, when utilized as a vehicle fuel, is often known as auto gas. This gas is extensively utilized as a refrigerant and an aerosol propellant and replaces chlorofluorocarbons for reducing the damage caused to the ozone layers. It has a number of other uses, especially its utilization in cylinders across various markets in the form of a fuel container in the sectors of hospitality, agriculture, recreation, construction, fishing, sailing, and calefaction. It also serves as a fuel for central heating, water heating, and cooking and is extremely cost-effective in nature.
The report states that the rising consumption of auto gas has resulted in the increased utilization of LPG, hence boosting market growth. In addition, the increasing population base in regions such as that of Latin America, Asia Pacific, and Africa utilizing easily available and cheap LPG in the form of fuel is also stimulating the growth of the market. The rising trade opportunities owing to the expansion of the Panama Canal and the predictable production of shale gas within regions of Latin America and Asia Pacific are amongst the prime growth opportunities in the market for LPG. On the other hand, the unpredictable prices of crude oil result in price uncertainty of LPG prices, thus restraining market growth.
In terms of source, the report segments the market for LPG into associated gas, refinery, and non-associated gas. Amongst these, the segment of non-associated gas is predicted to take the largest share in the forecast horizon. In terms of end user, the market has been segmented into petrochemical and refinery, residential and commercial, transportation, industrial, and others. Amongst these, the residential and commercial segment led the market in 2013 and represented a share of more than 60% in the market. In this segment, LPG gas is majorly utilized as a cooking fuel and also in lighting and heating.
Enquiry Before Buying :- http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=491
On the basis of geography, the report segments the market into Europe, North America, the Middle East and Africa, Asia Pacific, and South and Central America. Amongst these, the Middle East is the largest producer of LPG. On the other hand, the U.S. in North America emerged as the a net importer in 2012 and the production of LPG in North America is predicted to rise exponentially. In addition, within the U.S., the surplus production of LPG will be routed to the region of Latin America in the coming years owing to the rising demand from the commercial and domestic sectors.
As mentioned in the report, the prime players operating in the market for LPG are Exxon Mobil Corporation, British Petroleum plc., Kleenheat Gas Pty Limited, Origin Energy, Kleenheat Gas Pty Limited, Copagaz Distribuidora De Gas Ltda, SHV Energy N.V., and Repsol S.A., among others.
The global LPG market is segmented as follows:
LPG Market: Source Analysis
Refinery
Associated Gas
Non-Associated Gas
LPG Market: End User Analysis
Residential/Commercial
Petrochemical and Refinery
Industrial
Transportation
Others
LPG Market: Regional Analysis
North America
Europe
Asia-Pacific
Middle East & Africa
South & Central America
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 Sate Street, Suite 700 Albany, NY 12207
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 Global Liquefied Petroleum Gas (LPG) Market’s Future Lies in Non-Associated Gas, Expected to reach US$299.05 bn by 2020 here
News-ID: 335688 • Views: …
More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…

Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…

Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…

Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for LPG
Aluminium LPG Cylinder Market
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲-
The aluminium LPG cylinder market is experiencing significant growth due to various factors that enhance its adoption across residential, commercial, and industrial sectors. One of the main growth drivers is the increasing demand for liquefied petroleum gas (LPG) as an energy source due to its efficiency and cleanliness compared to traditional fuels like wood and coal. Aluminium cylinders are particularly preferred in the storage and transportation of…
LPG Price Trend: Comprehensive Market Insights
Liquefied Petroleum Gas (LPG), a versatile and efficient energy source, is widely used for residential, industrial, and transportation purposes. Understanding the LPG Price Trend is essential for businesses, suppliers, and consumers to optimise procurement strategies, manage energy costs, and anticipate market fluctuations. This article explores the factors influencing LPG prices, historical data, market dynamics, forecasts, regional insights, and procurement resource strategies.
Latest LPG Price Trends
The LPG market has experienced significant price…
Global LPG Tanker Market Expected to Reach US$ 289.72 Mn. by 2030: Rising Demand …
The LPG tanker market, valued at US$ 201.82 million in 2023, is anticipated to witness substantial growth, with total revenue projected to reach nearly US$ 289.72 million by 2030, growing at a CAGR of 5.3% from 2024 to 2030. This growth is driven by several factors, including the increasing demand for LPG as a clean and efficient fuel source, particularly in residential, commercial, and industrial applications. Additionally, the expanding use…
LPG Tanker Market May See a Big Move | Major Giants Dorian LPG, Pertamina, Navig …
The latest study released on the Global LPG Tanker Market by AMA Research evaluates market size, trend, and forecast to 2027. The LPG Tanker market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in…
France LPG Market Growth Driven by Low Upfront Cost of LPG Boilers
A number of factors such as the low upfront cost and less storage space required by LPG boilers and the massive government support toward new energy vehicles will help the French LPG market demonstrate a CAGR of 2.1% between 2020 and 2030. According to P&S Intelligence, the market was valued at $7,691.2 million in 2020, and it will generate $9,480.3 million revenue by 2030. Additionally, the rising public awareness regarding…
Global Bio LPG Market Poised to Offer Sustainable Solution for Soaring Demand fo …
The global Bio LPG demand is expected to rise during the forecast period as it is an ideal energy solution that helps in reducing the emissions of CO2 by 80%. Consumers are increasingly adopting it as it is derived from plant and vegetable residues and municipal waste. A recent report published by Fairfield Market Research predicts that the global Bio LPG market is expected to reach US$1,020.32 Mn by 2025…