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Liquefied Petroleum Gas Market Developments Leading to USD 144.70 Billion With 4.2 % CAGR By 2030 Driven My Major Key Players

07-02-2024 11:11 AM CET | Energy & Environment

Press release from: Polaris Market Research & Consulting

Liquefied Petroleum Gas Market

Liquefied Petroleum Gas Market

๐‹๐ข๐ช๐ฎ๐ž๐Ÿ๐ข๐ž๐ ๐๐ž๐ญ๐ซ๐จ๐ฅ๐ž๐ฎ๐ฆ ๐†๐š๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐’๐ข๐ณ๐ž ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž, ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค, ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ, ๐š๐ง๐ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ. ๐“๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ฅ๐ข๐ช๐ฎ๐ž๐Ÿ๐ข๐ž๐ ๐ฉ๐ž๐ญ๐ซ๐จ๐ฅ๐ž๐ฎ๐ฆ ๐ ๐š๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐š๐ฌ ๐ž๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ž๐ ๐ญ๐จ ๐›๐ž ๐ฐ๐จ๐ซ๐ญ๐ก ๐”๐’๐ƒ 101.73 ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง 2021 ๐š๐ง๐ ๐ข๐ฌ ๐ฉ๐ซ๐ž๐๐ข๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ž๐ฑ๐ฉ๐š๐ง๐ ๐ญ๐จ ๐”๐’๐ƒ 144.70 ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ 2030, ๐ฐ๐ข๐ญ๐ก ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ 4.2% ๐๐ฎ๐ซ๐ข๐ง๐  ๐ญ๐ก๐ž ๐Ÿ๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐ฉ๐ž๐ซ๐ข๐จ๐ 2022-2030.

๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐œ๐จ๐ฉ๐ž:
This comprehensive study provides an accurate overview of the worldwide liquefied petroleum gas industry. It includes comprehensive analyses of sales volume, price, revenue, market share, and important companies. The market is further divided into segments by source, end-use, supply mode, and region, offering a comprehensive picture of the market's state.

๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/global-liquefied-petroleum-gas-lpg-market/request-for-sample

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:
The fuel gas known as liquefied petroleum gas (LP gas), often called liquid petroleum gas (LPG or LP gas), is composed of an explosive blend of hydrocarbon gases, namely propane, n-butane, and isobutane. It occasionally contains traces of isobutene, propylene, and butylene. Vehicles, cooking appliances, and heating appliances all use LPG as a fuel gas. It is gradually taking the place of chlorofluorocarbons as a refrigerant and aerosol propellant in an attempt to lessen ozone layer deterioration. It is sometimes called auto gas or just gas when used solely as fuel for vehicles.

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐“๐ซ๐ž๐ง๐๐ฌ:
โ€ข As the world's population grows, so will global energy demand. The global growth of infrastructure will have a favorable impact on the market.

โ€ข Increasing demand for LPG as car exhaust will drive growth in the liquefied petroleum gas (LPG) market over the forecast period.

๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐“๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/1487/2

๐“๐จ๐ฉ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ:
Because there are so many companies in the industry, it is expected to be both competitive and fragmented. Here are the top companies in the liquefied petroleum gas market:
โ€ข Bharat Petroleum Corporation Limited
โ€ข Flaga Gmbh
โ€ข Repsol
โ€ข Chevron Corporation
โ€ข Petroliam Nasional Berhad (PETRONAS)
โ€ข Phillips 66 Company
โ€ข JGC HOLDINGS CORPORATION
โ€ข China Gas Holdings Ltd.
โ€ข Shell group of companies
โ€ข Reliance Industries Limited
โ€ข Saudi Aramco
โ€ข Qatargas Operating Company Limited

๐‹๐ข๐ช๐ฎ๐ž๐Ÿ๐ข๐ž๐ ๐๐ž๐ญ๐ซ๐จ๐ฅ๐ž๐ฎ๐ฆ ๐†๐š๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ :
โ€ข The non-associated gas segment gained the largest share of the LPG market as global demand for LPG from various household and industrial applications is anticipated to amplify market growth from 2022 to 2030.

โ€ข The Asia Pacific region is the largest market for LPG as it is widely accepted as the primary fuel for cooking and other commercial utilities. China is expected to have the largest share of the Asia Pacific market because of the world's largest population, government subsidies on LPG cylinders, coupled with easy affordability.

โ€ข The residential sector dominated the global market in terms of share in 2020 due to LPG delivering benefits such as environment-friendly, economical, and energy efficiency, which will further drive the market growth in the coming years.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐“๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/global-liquefied-petroleum-gas-lpg-market

๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐–๐ข๐ฌ๐ž ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
According to regional research, the Asia Pacific region will account for the greatest revenue share, owing to the broad usage of LPG as the principal fuel for home cooking and hot water provision. Latin America is also experiencing tremendous growth in the liquefied petroleum gas market due to greater investment in alternative energy. The quick increase in worldwide energy demand, as well as the construction of new facilities to meet the abrupt population boom and rapid urbanization, are likely to promote global market growth.
โ€ข North America (U.S., Canada)
โ€ข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โ€ข Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
โ€ข Latin America (Brazil, Mexico, Argentina)
โ€ข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ฅ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:
โ€ข ๐๐ฒ ๐’๐จ๐ฎ๐ซ๐œ๐ž
o Associated Gas
o Non-associated Gas
o Refinery

โ€ข ๐๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž
o Agriculture
o Residential/Commercial
o Industrial
o Transportation
o Petrochemical & Refinery
o Others

โ€ข ๐๐ฒ ๐’๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐Œ๐จ๐๐ž
o Packaged
o Bulk
o On-site

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:
๐‚๐š๐ซ๐›๐จ๐ง ๐‚๐š๐ฉ๐ญ๐ฎ๐ซ๐ž ๐€๐ง๐ ๐’๐ญ๐จ๐ซ๐š๐ ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ : https://www.polarismarketresearch.com/industry-analysis/carbon-capture-and-storage-market
๐–๐ข๐ง๐ ๐“๐ฎ๐ซ๐›๐ข๐ง๐ž ๐œ๐š๐ฌ๐ญ๐ข๐ง๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ : https://www.polarismarketresearch.com/industry-analysis/wind-turbine-casting-market
๐Ž๐ฎ๐ญ๐๐จ๐จ๐ซ ๐๐จ๐ฐ๐ž๐ซ ๐„๐ช๐ฎ๐ข๐ฉ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ : https://www.polarismarketresearch.com/industry-analysis/outdoor-power-equipment-market
๐‡๐ฒ๐๐ซ๐จ๐ ๐ž๐ง ๐†๐ž๐ง๐ž๐ซ๐š๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ : https://www.polarismarketresearch.com/industry-analysis/outdoor-power-equipment-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ :
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก :
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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