Press release
Liquefied Petroleum Gas Market is estimated to reach USD 247.71 Bn in 2030, as per Maximize Market Research.
Liquefied Petroleum Gas Market
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Liquefied Petroleum Gas Market Dynamics
The liquefied petroleum gas market saw a reduced demand in 2021 and 2022. The analysis of Maximize Market Research expects a 3.2% y-o-y increase in gas demand across the globe, sufficient to balance the losses occurred in 2022. The growing population in regions such as Africa, Asia Pacific, and Central and South America will fuel the demand for liquefied petroleum gas market. These regions use liquefied petroleum gas for cooking and other domestic tasks.
Liquefied Petroleum Gas Market Regional Analysis
The North American liquefied petroleum gas market held the largest market share of about 43.2% in 2023. In 2019, North America saw more than 300 million metric tonnes of natural gas-derived NGL and around 17 million metric tonnes of LPG. The Canada and United States are the region's primary exporters and producers. Asia Pacific liquefied petroleum gas market is expected to show growth with a CAGR of 5.2% in the forecast period.
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Liquefied Petroleum Gas Market Scope
Market Size in 2023 USD 161.62 Bn.
Market Size in 2030 USD 247.71 Bn.
CAGR 6.29% (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
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Liquefied Petroleum Gas Market Segmentation
by Source
1. Refinery
2. Associated Gas
3. Non - Associated Gas
by Application
1. Residential
2. Commercial
3. Refinery and Petrochemical
4. Transportation
5. Others
Liquefied Petroleum Gas Market Key Players
1. Chevron Corporation
2. Indian Oil Corporation Ltd.
3. Royal Dutch Shell
4. Vitol
5. Sinopec
6. Hindustan Petroleum Corporation Ltd. (HPCL)
7. Valero Marketing and Supply Company
8. Tasweeq
9. Oil & Natural Gas Corporation Ltd. (ONGC)
10. Reliance Industries Ltd. (RIL)
11. Total SA
12. Petroleos de Venezuela
13. Oman Oil Company
14. Petredec Ltd.
15. Qatargas
16. Aygez
17. ExxonMobil Corporation
18. Bharat Petroleum Corporation Ltd. (BPCL)
19. China Gas Holdings Ltd.
20. Phillips 66
21. Repsol
22. Saudi Arabian Oil Co.
23. FLAGA Gmbh
24. Kleenheat
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-liquefied-petroleum-gas-market/44363/
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