The global Liquefied Petroleum Gas Market was valued at 335Million tons in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $25.7 Billion.
Liquefied Petroleum Gas is a mixture of two inflammable, but nontoxic gases called butane & propane which are both hydrocarbons. LPG is a fossil fuel which is extracted directly from the earth in the same way as natural ordinary gas. LPG is obtained by natural gas or wet refining petroleum & is almost abstract from fossil fuels & manufactured during the refining of crude oil as they emerge from the ground. It is quietly used for cooking & heating in homes. It Is also used in industrial application. LPG is heavier & inflammable than air for which it is settled in low spots such basement & drains.
“Optimal Price Point (OPP) for Liquefied Petroleum Gas”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Liquefied Petroleum Gas materials are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Liquefied Petroleum Gas Market by “Source Categories”
We have segmented the Liquefied Petroleum Gas-based on source categories as Refinery, Associated Gas, Non-Associated Gas.
We have observed the significant growth of liquefied petroleum gas by refinery source which dominates the market. The refinery is the largest source of liquefied petroleum gas which generates maximum revenue during 2017 & expected to grow during the forecast period.
Liquefied Petroleum Gas Market by “Application”
We have segmented the Liquefied Petroleum Gas market based on the application are Residential/Commercial, Chemical, Industrial, Auto Fuel, Refinery.
We have observed the significant use of liquefied petroleum gas by the application of residential/commercial which dominates the market. Many types of cooking appliances are using LPG the most common are oven, cooktops, & gas which is choice of housewife’s, home chef, & professional. Everyone is familiar with LPG used for BBQs, spit roasters, smokers, gas pizza oven which demand the market of LPF by the application of residential/commercial during the forecast period.
Asia Pacific accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Liquefied Petroleum Gas market followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2017, Asia Pacific held the largest share for Liquefied Petroleum Gas market due to the demand for the application in Residential/Commercial, Chemical, Industrial, Auto Fuel, Refinery. North America is expected to have the highest growth & this would be followed by Europe.
Rising demands for using the cooking appliance in a different application of cooking with the increasing populations generates a demand for LPG. We are observing that liquefied petroleum gas are a good option as it can create a good impact on the residential & commercial application.
“Competitive Landscape” and“Merger & Acquisition Insights”
The key market participants include Valero Energy, Petroleos de Venezuela, Bharat petroleum, Sinopec, CNPC, Chevron Corp, Reliance Industries Ltd. (RIL), ExxonMobil Corporation are few major players in Liquefied Petroleum Gas markets. TheLiquefied Petroleum Gas market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Liquefied Petroleum Gas Market by Source Categories (Revenue, Million, 2014 – 2025)
- Associated Gas
- Non-Associated Gas
Liquefied Petroleum Gas Market by Application (Revenue, Million, 2014 – 2025)
- Auto Fuel
Liquefied Petroleum Gas Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
Global Liquefied Petroleum Gas Market,Global Liquefied Petroleum Gas Market Analytics,Global Liquefied Petroleum Gas Market Share, Global Liquefied Petroleum Gas Market Research,Global Liquefied Petroleum Gas Market Forecast,Global Liquefied Petroleum Gas Market Insight, Global Liquefied Petroleum Gas Market Trend, Global Liquefied Petroleum Gas Market Value,Global Liquefied Petroleum Gas Market Size, Global Liquefied Petroleum Gas Market Analysis,Global Liquefied Petroleum Gas Market Survey,Global Liquefied Petroleum Gas Market Research Report