Liquefied Petroleum Gas (LPG) Market: Evolving Technology, Trends and Industry Analysis – 2022

Market Highlights
Liquefied Petroleum Gas or liquid petroleum gas (LPG or LP gas), also referred to as simply propane or butane, are flammable mixtures of hydrocarbon gases used as fuel in heating appliances, cooking equipment, and vehicles.
It is increasingly used as an aerosol propellant and a refrigerant replacing chlorofluorocarbons in an effort to reduce damage to the ozone layer. When specifically used as a vehicle fuel it is often referred to as autogas.
Varieties of LPG bought and sold include mixes that are mostly propane (C3H8), mostly butane (C4H10) and, most commonly, mixes including both propane and butane. In the northern hemisphere winter, the mixes contain more propane, while in summer, they contain more butane In the United States, mainly two grades of LPG are sold: commercial propane and HD-5. These specifications are published by the Gas Processors Association (GPA) and the American Society of Testing and Materials (ASTM).

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Key Players:
• British Petroleum
• China Petroleum & Chemical
• Exxon Mobil
• Chevron
• China National Petroleum
• Petroleum Nasional
• Phillips 66
• Royal Dutch Shell
• Valero Energy

Industry Analysis
LPG – Liquefied Petroleum Gas – describes flammable hydrocarbon gases including propane, butane and mixtures of these gases.
LPG, liquefied through pressurisation, comes from natural gas processing and oil refining.
LPG is used as heating, cooking and auto fuel.
In different countries, what is supplied can be propane, butane or propane-butane blends.
In Australia, LPG is just propane. Propane is LPG but not all LPG is propane.

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Market Segments
On the basis of product, this report displays the sales volume (K MT), revenue (Million USD), product price (USD/MT), market share and growth rate of each type, primarily split into
• Associated Gas
• Non-associated Gas
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume (K MT), market share and growth rate of Liquefied Petroleum Gas (LPG) for each application, includin
• Residential
• Commercial
• Industrial
• Auto Fuel
• Refineries

Geographical Analysis
Geographically, this report split Asia-Pacific into several key Regions, with sales (K MT), revenue (Million USD), market share and growth rate of Liquefied Petroleum Gas (LPG) for these regions, from 2012 to 2022 (forecast), including
• China
• Japan
• South Korea
• Taiwan
• India
• Southeast Asia
• Australia

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