Liquefied Petroleum Gas (LPG) Market size to grow by USD 61.19 billion from 2022 to 2027, APAC to account for 42% of the market growth - Technavio

 NEW YORK, May 26, 2023 /PRNewswire/ -- The liquefied petroleum gas (LPG) market size is set to grow by USD 61.19 billion between 2022 and 2027 and register a CAGR of 3.81%, according to Technavio's latest market research report. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.

Discover market potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports Read our Sample Report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Abu Dhabi National Oil Co., Air Liquide SA, Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., Exxon Mobil Corp., Hindustan Petroleum Corp. Ltd., Idemitsu Kosan Co. Ltd., Indian Oil Corp. Ltd., Kuwait Petroleum Corp., OQ SAOC, Reliance Industries Ltd., Repsol SA, Saudi Arabian Oil Co., Shell plc, SHV Holdings, Sinopec Shanghai Petrochemical Co. Ltd., TotalEnergies SE, UGI Corp., and Valero Energy Corp. are some of the major market participants.

The increase in supply of natural gas, the increasing government support for LPG adoption, and the rising need for cleaner fuel will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Liquefied Petroleum Gas (LPG) Market 2023-2027: Segmentation

• End-user 
• Residential
• Petrochemical
• Industrial And Commercial
• Transport
• Others
• Geography 
• APAC
• North America
• Europe
• South America
• Middle East And Africa

Receive our market sample report now to gain access to a detailed analysis on the liquefied petroleum gas (LPG) market: https://www.technavio.com/talk-to-us?report=IRTNTR72725

Liquefied Petroleum Gas (LPG) Market 2023-2027: Vendor Analysis and Scope

To help businesses improve their market position, the liquefied petroleum gas (LPG) market provides a detailed analysis of around 15+ vendors operating in the market. Some of these vendors include Abu Dhabi National Oil Co., Air Liquide SA, Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., Exxon Mobil Corp., Hindustan Petroleum Corp. Ltd., Idemitsu Kosan Co. Ltd., Indian Oil Corp. Ltd., Kuwait Petroleum Corp., OQ SAOC, Reliance Industries Ltd., Repsol SA, Saudi Arabian Oil Co., Shell plc, SHV Holdings, Sinopec Shanghai Petrochemical Co. Ltd., TotalEnergies SE, UGI Corp., and Valero Energy Corp.

adnoc.ae- The company offers Liquified Petroleum Gas (LPG) through its subsidiary ADNOC Distribution.

airliquide.com- The company offers Liquified Petroleum Gas (LPG) for forklifts, heating and cutting.

bharatpetroleum.in- The company offers Liquified Petroleum Gas (LPG) under its brand Bharatgas.

The report also covers the following areas:

• Liquefied Petroleum Gas (LPG) Market size
• Liquefied Petroleum Gas (LPG) Market trends
• Liquefied Petroleum Gas (LPG) Market industry analysis

Market Drivers

• Increase in supply of natural gas
• Increasing government support for LPG adoption
• Rising need for cleaner fuel

Market Trends

• Adoption of LPG as marine fuel
• Technological advances
• Increasing collaboration among various stakeholders of LPG value chain

Market Challenges

• Availability of alternative fuels for residential end-user
• Competition to LPG from other sources of energy
• Infrastructural challenges

Get lifetime access to our Technavio Insights. Subscribe now to our most popular "Lite Plan" billed annually at USD 5000. View 3 reports monthly and Download 3 Reports Annually!

Liquefied Petroleum Gas (LPG) Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist liquefied petroleum gas (LPG) market growth during the next five years
• Estimation of the liquefied petroleum gas (LPG) market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the liquefied petroleum gas (LPG) market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of liquefied petroleum gas (LPG) market vendors

Related Reports:

Smart Gas Meters Market- The global smart gas meters market size is estimated to decline at a CAGR of 7.64% between 2022 and 2027. The size of the market is forecast to increase by USD 2,051.13 million.

Liquefied Natural Gas (LNG) Market- The liquefied natural gas (LNG) market is estimated to grow at a CAGR of 5.35% between 2022 and 2027. The size of the market is forecast to increase by USD 15.81 billion. 

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary ? Chart on Market Overview
• Exhibit 02: Executive Summary ? Data Table on Market Overview
• Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
• Exhibit 04: Executive Summary ? Chart on Market by Geography
• Exhibit 05: Executive Summary ? Chart on Market Segmentation by Source
• Exhibit 06: Executive Summary ? Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary ? Chart on Incremental Growth
• Exhibit 08: Executive Summary ? Data Table on Incremental Growth
• Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global liquefied petroleum gas (LPG) market 2017 - 2021 
• Exhibit 18: Historic Market Size ? Data Table on Global liquefied petroleum gas (LPG) market 2017 - 2021 ($ billion)

• 4.2 Source Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size ? Source Segment 2017 - 2021 ($ billion)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size ? End-user Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size ? Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size ? Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers ? Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers ? Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants ? Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes ? Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry ? Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Source

• 6.1 Market segments 
• Exhibit 30: Chart on Source - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Source - Market share 2022-2027 (%)

• 6.2 Comparison by Source 
• Exhibit 32: Chart on Comparison by Source
• Exhibit 33: Data Table on Comparison by Source

• 6.3 Natural gas liquid - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Natural gas liquid - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Natural gas liquid - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Natural gas liquid - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Natural gas liquid - Year-over-year growth 2022-2027 (%)

• 6.4 Crude oil - Market size and forecast 2022-2027
• Exhibit 38: Chart on Crude oil - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Crude oil - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Crude oil - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Crude oil - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Source 
• Exhibit 42: Market opportunity by Source ($ billion)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 Residential - Market size and forecast 2022-2027
• Exhibit 47: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 7.4 Petrochemical - Market size and forecast 2022-2027
• Exhibit 51: Chart on Petrochemical - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Petrochemical - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Petrochemical - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Petrochemical - Year-over-year growth 2022-2027 (%)

• 7.5 Industrial and commercial - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Industrial and commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Industrial and commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Industrial and commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Industrial and commercial - Year-over-year growth 2022-2027 (%)

• 7.6 Transport - Market size and forecast 2022-2027
• Exhibit 59: Chart on Transport - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Transport - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Transport - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Transport - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by End-user 
• Exhibit 67: Market opportunity by End-user ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027
• Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Abu Dhabi National Oil Co. 
• Exhibit 120: Abu Dhabi National Oil Co. - Overview
• Exhibit 121: Abu Dhabi National Oil Co. - Product / Service
• Exhibit 122: Abu Dhabi National Oil Co. - Key offerings

• 12.4 Air Liquide SA 
• Exhibit 123: Air Liquide SA - Overview
• Exhibit 124: Air Liquide SA - Business segments
• Exhibit 125: Air Liquide SA - Key news
• Exhibit 126: Air Liquide SA - Key offerings
• Exhibit 127: Air Liquide SA - Segment focus

• 12.5 Bharat Petroleum Corp. Ltd. 
• Exhibit 128: Bharat Petroleum Corp. Ltd. - Overview
• Exhibit 129: Bharat Petroleum Corp. Ltd. - Product / Service
• Exhibit 130: Bharat Petroleum Corp. Ltd. - Key offerings

• 12.6 BP Plc 
• Exhibit 131: BP Plc - Overview
• Exhibit 132: BP Plc - Business segments
• Exhibit 133: BP Plc - Key offerings
• Exhibit 134: BP Plc - Segment focus

• 12.7 Chevron Corp. 
• Exhibit 135: Chevron Corp. - Overview
• Exhibit 136: Chevron Corp. - Business segments
• Exhibit 137: Chevron Corp. - Key news
• Exhibit 138: Chevron Corp. - Key offerings
• Exhibit 139: Chevron Corp. - Segment focus

• 12.8 Exxon Mobil Corp. 
• Exhibit 140: Exxon Mobil Corp. - Overview
• Exhibit 141: Exxon Mobil Corp. - Business segments
• Exhibit 142: Exxon Mobil Corp. - Key news
• Exhibit 143: Exxon Mobil Corp. - Key offerings
• Exhibit 144: Exxon Mobil Corp. - Segment focus

• 12.9 Hindustan Petroleum Corp. Ltd. 
• Exhibit 145: Hindustan Petroleum Corp. Ltd. - Overview
• Exhibit 146: Hindustan Petroleum Corp. Ltd. - Business segments
• Exhibit 147: Hindustan Petroleum Corp. Ltd. - Key offerings
• Exhibit 148: Hindustan Petroleum Corp. Ltd. - Segment focus

• 12.10 Idemitsu Kosan Co. Ltd. 
• Exhibit 149: Idemitsu Kosan Co. Ltd. - Overview
• Exhibit 150: Idemitsu Kosan Co. Ltd. - Business segments
• Exhibit 151: Idemitsu Kosan Co. Ltd. - Key offerings
• Exhibit 152: Idemitsu Kosan Co. Ltd. - Segment focus

• 12.11 Indian Oil Corp. Ltd. 
• Exhibit 153: Indian Oil Corp. Ltd. - Overview
• Exhibit 154: Indian Oil Corp. Ltd. - Business segments
• Exhibit 155: Indian Oil Corp. Ltd. - Key offerings
• Exhibit 156: Indian Oil Corp. Ltd. - Segment focus

• 12.12 Kuwait Petroleum Corp. 
• Exhibit 157: Kuwait Petroleum Corp. - Overview
• Exhibit 158: Kuwait Petroleum Corp. - Product / Service
• Exhibit 159: Kuwait Petroleum Corp. - Key offerings

• 12.13 OQ SAOC 
• Exhibit 160: OQ SAOC - Overview
• Exhibit 161: OQ SAOC - Product / Service
• Exhibit 162: OQ SAOC - Key offerings

• 12.14 Repsol SA 
• Exhibit 163: Repsol SA - Overview
• Exhibit 164: Repsol SA - Product / Service
• Exhibit 165: Repsol SA - Key offerings

• 12.15 Saudi Arabian Oil Co. 
• Exhibit 166: Saudi Arabian Oil Co. - Overview
• Exhibit 167: Saudi Arabian Oil Co. - Product / Service
• Exhibit 168: Saudi Arabian Oil Co. - Key offerings

• 12.16 Shell plc 
• Exhibit 169: Shell plc - Overview
• Exhibit 170: Shell plc - Business segments
• Exhibit 171: Shell plc - Key news
• Exhibit 172: Shell plc - Key offerings
• Exhibit 173: Shell plc - Segment focus

• 12.17 TotalEnergies SE 
• Exhibit 174: TotalEnergies SE - Overview
• Exhibit 175: TotalEnergies SE - Business segments
• Exhibit 176: TotalEnergies SE - Key news
• Exhibit 177: TotalEnergies SE - Key offerings
• Exhibit 178: TotalEnergies SE - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 179: Inclusions checklist
• Exhibit 180: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 181: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 182: Research methodology
• Exhibit 183: Validation techniques employed for market sizing
• Exhibit 184: Information sources

• 13.5 List of abbreviations 
• Exhibit 185: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio