Press release
Bio-LPG Market Is Going to Boom | Major Giants SHV Energy, Repsol, TotalEnergies, Neste, PetroChina
Bio-LPG Market
Major Giants in Bio-LPG Market are:
SHV Energy (Netherlands), Calor Gas (UK), AvantiGas (UK), TotalEnergies (France), Repsol (Spain), Neste (Finland), UGI International (USA), Primagaz (France), Gasrec (UK), DCC LPG (Ireland), SHV Gas (India), ENI (Italy), Shell (Netherlands), Dimeta (Netherlands), Flogas (Ireland), Gazprom Export (Russia), Indian Oil Corporation (India), Bharat Petroleum (India), PetroChina (China), ADNOC (UAE)
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HTF Market Intelligence projects that the global Bio-LPG market will expand at a CAGR of 23.7% from 2025 to 2032, from USD 9.6 Billion in 2025 to USD 52.7 Billion by 2032.
Our Report Covers the Following Important Topics:
By Type:
Bio-propane, Bio-butane, Blended bio-LPG, Renewable LPG via bio-oil, Renewable LPG via waste feedstock
By Application:
Residential heating & cooking, Transportation fuel, Industrial heating, Agriculture, Power generation
The Bio-LPG Market focuses on renewable propane and butane produced from waste feedstocks, bio-oil, or other biomass sources. Bio-LPG serves as a drop-in alternative to fossil LPG with lower carbon emissions, making it a crucial fuel in the global energy transition. Applications include residential heating, industrial use, transport, and agriculture. Europe dominates due to supportive policies and strong energy companies, while Asia-Pacific grows fastest with rising urbanization and clean fuel demand. Drivers include decarbonization targets, rural electrification gaps, and transportation fuel needs. Trends highlight circular economy fuels, hybrid uses, and carbon credit trading. Challenges involve cost competitiveness, policy inconsistencies, and limited production capacity. Opportunities lie in Asia-Pacific expansion, hybrid vehicle adoption, waste-to-energy advancements, and energy security benefits, positioning Bio-LPG as a scalable renewable fuel solution.
Dominating Region:
Europe
Fastest-Growing Region:
Asia-Pacific
Market Trends:
β’ Expansion of circular economy-based fuels.
β’ Growth of waste-to-energy bio-LPG plants.
β’ Partnerships between energy utilities and fuel producers rise.
β’ Emerging mobility uses such as bio-LPG in hybrid engines.
β’ Certifications and carbon credits increase.
Market Drivers:
β’ Global decarbonization targets push renewable fuels.
β’ Increasing demand for off-grid clean energy solutions accelerates adoption.
β’ Rising use in residential and rural applications boosts demand.
β’ Transportation sector seeks low-carbon fuels.
β’ Government subsidies and renewable mandates support growth.
Market Challenges:
β’ Limited availability of large-scale production facilities persists.
β’ High production costs compared to fossil LPG remain a barrier.
β’ Supply chain complexity affects scale-up.
β’ Policy inconsistencies slow adoption in some markets.
β’ Consumer awareness is still low.
Market Opportunities:
β’ Expansion into Asia-Pacific rural and urbanizing areas creates demand.
β’ Integration with hybrid and alternative fuel vehicles provides opportunities.
β’ Partnerships with governments accelerate deployment.
β’ Advances in waste-to-fuel technologies improve cost efficiency.
β’ Bio-LPG adoption enhances energy security in importing nations.
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Bio-LPG market segments by Types: Bio-propane, Bio-butane, Blended bio-LPG, Renewable LPG via bio-oil, Renewable LPG via waste feedstock
Detailed analysis of Bio-LPG market segments by Applications: Residential heating & cooking, Transportation fuel, Industrial heating, Agriculture, Power generation
Industry Insights
September 2024-SHV Energy's Polish subsidiary, Gaspol, received its first delivery of Bio-LPG at the port of GdanΜsk, officially introducing renewable liquid gas to the Polish energy market. This milestone positions Gaspol as an innovation leader, supporting Poland's shift toward sustainable fuels and aligning with EU goals for emissions reduction. The company's initiative showcases the increasing role of Bio-LPG in the national energy mix, offering a low-carbon alternative to traditional LPG for commercial and domestic consumers.
January 2024-Tyczka Energy, a leading German LPG provider, expanded its portfolio by adding Bio-LPG to all existing and new LPG systems. The launch enables customers to utilize Bio-LPG seamlessly in conventional applications, supporting the ongoing energy transition and compliance with stricter EU sustainability mandates. This move highlights the growing importance of Bio-LPG as a practical, drop-in renewable solution for both industrial and household markets as sustainability standards continue to rise.
M&A Activities
November 2023-SHV Energy entered a strategic partnership with Furukawa Electric Co., Ltd. and Astomos Energy Corporation of Japan to jointly develop innovative Bio-LPG production methods. The collaboration aims to convert carbon dioxide and methane from livestock manure into renewable Bio-LPG at scale, leveraging waste utilization and circular economy principles. This partnership emphasizes the sector's commitment to technological advancement and expanding supply options for Bio-LPG in Asia and beyond.
Global Bio-LPG Market -Regional Analysis
β’ North America: United States of America (US), Canada, and Mexico.
β’ South & Central America: Argentina, Chile, Colombia, and Brazil.
β’ Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt, and South Africa.
β’ Europe: the UK, France, Italy, Germany, Spain, Nordics, BALTIC Countries, Russia, Austria, and the Rest of Europe.
β’ Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam, etc.) & Rest
β’ Oceania: Australia & New Zealand
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Bio-LPG Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
Five forces analysis-the threat of new entrants, the threat of substitutes, the threat of competition, and the bargaining power of suppliers and buyers-are carried out to better understand market circumstances.
β’ Political (Political policy and stability as well as trade, fiscal, and taxation policies)
β’ Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
β’ Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
β’ Technological (Changes in digital or mobile technology, automation, research, and development)
β’ Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
β’ Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Bio-LPG Market:
Chapter 01 - Bio-LPG Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global Bio-LPG Market - Pricing Analysis
Chapter 05 - Global Bio-LPG Market Background or History
Chapter 06 - Global Bio-LPG Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide Bio-LPG Market
Chapter 08 - Global Bio-LPG Market Structure & worth Analysis
Chapter 09 - Global Bio-LPG Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Bio-LPG Market Research Method Bio-LPG
Thank you for reading this post. You may also obtain report versions by area, such as North America, LATAM, Europe, Japan, Australia, or Southeast Asia, or by chapter.
Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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