Global Liquefied Petroleum Gas (LPG) Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	174 Pages	TechNavio	March, 2024	INF18623272

Best Price Guarantee
Price	from $2,500
Length	174 Pages
Publisher	TechNavio
Published Date	March, 2024
SKU	INF18623272

Global Liquefied Petroleum Gas (LPG) Market 2023-2027

Technavio has been monitoring the liquefied petroleum gas (LPG) market and is forecast to grow by USD 61.19 billion during 2022-2027, accelerating at a CAGR of 3.81% during the forecast period. Our report on the liquefied petroleum gas (LPG) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in the supply of natural gas, increasing government support for LPG adoption, and the rising need for cleaner fuel.

Technavio's liquefied petroleum gas (LPG) market is segmented as below:

By Source

Natural gas liquid
Crude oil

By End-user

Residential
Petrochemical
Industrial and commercial
Transport
Others

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the adoption of LPG as marine fuel as one of the prime reasons driving the liquefied petroleum gas (LPG) market growth during the next few years. Also, technological advances and increasing collaboration among various stakeholders of LPG value chain will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the liquefied petroleum gas (LPG) market covers the following areas:

Liquefied petroleum gas (LPG) market sizing
Liquefied petroleum gas (LPG) market forecast
Liquefied petroleum gas (LPG) market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading liquefied petroleum gas (LPG) market vendors that 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. Also, the liquefied petroleum gas (LPG) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary - Chart on Market Overview
  - Table Executive Summary - Data Table on Market Overview
  - Table Executive Summary - Chart on Global Market Characteristics
  - Table Executive Summary - Chart on Market by Geography
  - Table Executive Summary - Chart on Market Segmentation by End-user
  - Table Executive Summary - Chart on Market Segmentation by Source
  - Table Executive Summary - Chart on Incremental Growth
  - Table Executive Summary - Data Table on Incremental Growth
  - Table Executive Summary - Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Chart on Global - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global liquefied petroleum gas (LPG) market 2018 - 2022
  - Table Historic Market Size - Data Table on global liquefied petroleum gas (LPG) market 2018 - 022 ($ billion)
- End-user Segment Analysis 2018 - 2022
  - Table Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
- Source Segment Analysis 2018 - 2022
  - Table Historic Market Size - Source Segment 2018 - 2022 ($ billion)
- Geography Segment Analysis 2018 - 2022
  - Table Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- Country Segment Analysis 2018 - 2022
  - Table Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- Bargaining power of suppliers
  - Table Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- Threat of new entrants
  - Table Threat of new entrants - Impact of key factors in 2023 and 2028
- Threat of substitutes
  - Table Threat of substitutes - Impact of key factors in 2023 and 2028
- Threat of rivalry
  - Table Threat of rivalry - Impact of key factors in 2023 and 2028
- Market condition
  - Table Chart on Market condition - Five forces 2023 and 2028
Market Segmentation by End-user
- Market segments
  - Table Chart on End-user - Market share 2023-2028 (%)
  - Table Data Table on End-user - Market share 2023-2028 (%)
- Comparison by End-user
  - Table Chart on Comparison by End-user
  - Table Data Table on Comparison by End-user
- Residential - Market size and forecast 2023-2028
  - Table Chart on Residential - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Residential - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Residential - Year-over-year growth 2023-2028 (%)
- Petrochemical - Market size and forecast 2023-2028
  - Table Chart on Petrochemical - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Petrochemical - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Petrochemical - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Petrochemical - Year-over-year growth 2023-2028 (%)
- Industrial and commercial - Market size and forecast 023-2028
  - Table Chart on Industrial and commercial - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Industrial and commercial - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Industrial and commercial - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Industrial and commercial - Year-over-year growth 2023-2028 (%)
- Transport - Market size and forecast 2023-2028
  - Table Chart on Transport - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Transport - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Transport - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Transport - Year-over-year growth 2023-2028 (%)
- Others - Market size and forecast 2023-2028
  - Table Chart on Others - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Others - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Others - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Others - Year-over-year growth 2023-2028 (%)
- Market opportunity by End-user
  - Table Market opportunity by End-user ($ billion)
  - Table Data Table on Market opportunity by End-user ($ billion)
Market Segmentation by Source
- Market segments
  - Table Chart on Source - Market share 2023-2028 (%)
  - Table Data Table on Source - Market share 2023-2028 (%)
- Comparison by Source
  - Table Chart on Comparison by Source
  - Table Data Table on Comparison by Source
- Natural gas liquid - Market size and forecast 2023-2028
  - Table Chart on Natural gas liquid - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Natural gas liquid - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Natural gas liquid - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Natural gas liquid - Year-over-year growth 2023-2028 (%)
- Crude oil - Market size and forecast 2023-2028
  - Table Chart on Crude oil - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Crude oil - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Crude oil - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Crude oil - Year-over-year growth 2023-2028 (%)
- Market opportunity by Source
  - Table Market opportunity by Source ($ billion)
  - Table Data Table on Market opportunity by Source ($ billion)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2023-2028 (%)
  - Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- APAC - Market size and forecast 2023-2028
  - Table Chart on APAC - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on APAC - Year-over-year growth 2023-2028 (%)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- North America - Market size and forecast 2023-2028
  - Table Chart on North America - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on North America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- Europe - Market size and forecast 2023-2028
  - Table Chart on Europe - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Europe - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Chart on South America - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on South America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023- 2028
  - Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
  - Table Chart on China - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on China - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on China - Year-over-year growth 2023-2028 (%)
  - Table Data Table on China - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Chart on US - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on US - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on US - Year-over-year growth 2023-2028 (%)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- India - Market size and forecast 2023-2028
  - Table Chart on India - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on India - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on India - Year-over-year growth 2023-2028 (%)
  - Table Data Table on India - Year-over-year growth 2023-2028 (%)
- Japan - Market size and forecast 2023-2028
  - Table Chart on Japan - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Japan - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
- Germany - Market size and forecast 2023-2028
  - Table Chart on Germany - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Germany - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ billion)
  - Table Data Tables on Market opportunity by geography ($ billion)
Drivers, Challenges, and Trends
- Market drivers
  - Increase in supply of natural gas
  - Growing focus on sustainable LPG production
  - Technological advancements in LPG production
- Market challenges
  - Competition of LPG from other sources of energy
  - Availability of alternative fuels for residential end-user
  - Inadequate LPG infrastructure in developing countries
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2023 and 2028
- Market trends
  - Rise of virtual pipeline technology (VPT)
  - Adoption of LPG as marine fuel
  - Growing shift toward autogas
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- Abu Dhabi National Oil Co.
  - Table Abu Dhabi National Oil Co. - Overview
  - Table Abu Dhabi National Oil Co. - Product / Service
  - Table Abu Dhabi National Oil Co. - Key offerings
- Air Liquide SA
  - Table Air Liquide SA - Overview
  - Table Air Liquide SA - Business segments
  - Table Air Liquide SA - Key news
  - Table Air Liquide SA - Key offerings
  - Table Air Liquide SA - Segment focus
- Bharat Petroleum Corp. Ltd.
  - Table Bharat Petroleum Corp. Ltd. - Overview
  - Table Bharat Petroleum Corp. Ltd. - Product / Service
  - Table Bharat Petroleum Corp. Ltd. - Key offerings
- Chevron Corp.
  - Table Chevron Corp. - Overview
  - Table Chevron Corp. - Business segments
  - Table Chevron Corp. - Key offerings
  - Table Chevron Corp. - Segment focus
- Exxon Mobil Corp.
  - Table Exxon Mobil Corp. - Overview
  - Table Exxon Mobil Corp. - Business segments
  - Table Exxon Mobil Corp. - Key offerings
  - Table Exxon Mobil Corp. - Segment focus
- Kuwait Petroleum Corp.
  - Table Kuwait Petroleum Corp. - Overview
  - Table Kuwait Petroleum Corp. - Product / Service
  - Table Kuwait Petroleum Corp. - Key offerings
- OQ SAOC
  - Table OQ SAOC - Overview
  - Table OQ SAOC - Product / Service
  - Table OQ SAOC - Key offerings
- QatarEnergy
  - Table QatarEnergy - Overview
  - Table QatarEnergy - Product / Service
  - Table QatarEnergy - Key offerings
- Reliance Industries Ltd.
  - Table Reliance Industries Ltd. - Overview
  - Table Reliance Industries Ltd. - Business segments
  - Table Reliance Industries Ltd. - Key news
  - Table Reliance Industries Ltd. - Key offerings
  - Table Reliance Industries Ltd. - Segment focus
- Saudi Arabian Oil Co.
  - Table Saudi Arabian Oil Co. - Overview
  - Table Saudi Arabian Oil Co. - Product / Service
  - Table Saudi Arabian Oil Co. - Key offerings
- Shell plc
  - Table Shell plc - Overview
  - Table Shell plc - Business segments
  - Table Shell plc - Key news
  - Table Shell plc - Key offerings
  - Table Shell plc - Segment focus
- SHV Holdings N.V.
  - Table SHV Holdings N.V. - Overview
  - Table SHV Holdings N.V. - Product / Service
  - Table SHV Holdings N.V. - Key offerings
- TotalEnergies SE
  - Table TotalEnergies SE - Overview
  - Table TotalEnergies SE - Business segments
  - Table TotalEnergies SE - Key news
  - Table TotalEnergies SE - Key offerings
  - Table TotalEnergies SE - Segment focus
- UGI Corp.
  - Table UGI Corp. - Overview
  - Table UGI Corp. - Business segments
  - Table UGI Corp. - Key news
  - Table UGI Corp. - Key offerings
  - Table UGI Corp. - Segment focus
- Vitol Netherlands Cooperatief UA
  - Table Vitol Netherlands Cooperatief UA - Overview
  - Table Vitol Netherlands Cooperatief UA - Product / Service
  - Table Vitol Netherlands Cooperatief UA - Key offerings
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations