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Liquefied Petroleum Gas Market is estimated to reach USD 247.71 Bn in 2030, as per Maximize Market Research.

Liquefied Petroleum Gas Market

Liquefied Petroleum Gas Market

Liquefied Petroleum Gas Market was valued at USD 161.62 Bn. in 2023. Global Liquefied Petroleum Gas Market size is estimated to grow at a CAGR of 6.29%.

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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…๐จ๐ซ ๐š ๐๐ž๐ž๐ฉ๐ž๐ซ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐ , ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-liquefied-petroleum-gas-market/44363/

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Global Wind Powered Water Pumps Market : https://www.maximizemarketresearch.com/market-report/wind-powered-water-pumps-market/223532/

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Global Dry Natural Gas Market : https://www.maximizemarketresearch.com/market-report/dry-natural-gas-market/221987/

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Global Steam Methane Reforming Hydrogen Generation Market : https://www.maximizemarketresearch.com/market-report/steam-methane-reforming-hydrogen-generation-market/220453/

Contact Maximize Market Research:

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About Maximize Market Research

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.

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