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Liquefied Petroleum Gas Market Size, Share, Industry Trends, 2030

Liquefied Petroleum Gas (LPG) is a compressed gas that is obtained from the mixture of flammable hydrocarbons such as propane and butane. It is a clean and efficient source of energy widely available to consumers around the world.

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Liquefied Petroleum Gas Market Size, Share, Industry Trends, 2030

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  1. Liquefied Petroleum Gas (LPG) Market Analysis: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, End User Industries, Distribution Channel, Regional Demand, 2015-2030

  2. LPG demand stood at 275 Million Tonnes in 2020 and is forecast to reach 455.971 Million Tonnes by 2030, growing at a healthy CAGR of 5.42% until 2030. Liquefied Petroleum Gas (LPG) is a compressed gas that is obtained from the mixture of flammable hydrocarbons such as propane and butane. It is a clean and efficient source of energy widely available to consumers around the world. The rapid growth of the urban population, increasing initiatives of the government in developing nations, and improved R&D activities are the major factors contributing to the rising demand for LPG market. Besides, growing awareness regarding the use of LPG as an alternative to fossil fuels to reduce environmental impact is increasing an inclination towards the adoption of clean fuel, which is adding to the market growth of LPG. Several under construction projects of key market players in LPG market are soon expected to be operational, which is likely to fulfil the potential demand for the fuel in future. Sudden onset of the global pandemic COVID-19 caused reduced demand for LPG in global commercial markets however the consumption of LPG increased in the household end use due to lockdown. Moreover, the use of LPG in commercial, industrial and transportation is likely to create a strong demand for LPG from 2021-2030. LPG global market captures country-wise production of LPG and is further segmented into import vs export. The market is further bifurcated into demand and supply, and market share based on consumption by application type usage. Production capacity is being mapped for the top companies in each country yearly. North America is the leading producer of LPG due to rapid expansion of shale gas. USA is the major exporter of LPG to various countries in the world. In the import segment, China is the largest importer of LPG in the world, followed by India. Residential sector accounted for the highest share by application as LPG is primarily used in cooking or household activities. LPG consumption is reportedly the highest in the United States, followed by China. Global economic slowdown impacted LPG price in 2019 causing it to dip sharply. However, on account of the outbreak of COVID-19 pandemic, demand for LPG to be used in households for cooking has increased unpredictably due to lockdown in the most countries.

  3. Key Players: • • • • • • • Exxon Mobil Corporation Chevron Corporation Saudi Arabia oil company Conoco Philips Agyaz Sinopec Shanghai Petrochemical Company Gazprom • • • MGT pertroil company National Iranian Gas Company Unigaz, etc. Years Considered for this Report: Historical Years: 2015 – 2019 Base Year: 2020 Estimated Year: 2021 Forecast Period: 2022 – 2030 Objective of the Study: The primary objective of the study was to evaluate and forecast LPG capacity, production, demand, and demand-supply gap globally.

  4. • To categorize LPG demand based on end-use, region, and sales channel. • To study company shares in the Global LPG market. • To identify major customers of LPG globally. • To evaluate and forecast LPG pricing in the Global LPG market. • To identify and profile major companies operating in global LPG market. • To identify major news, deals and expansion plans in Global LPG market.

  5. Report Scope: In this report, the LPG market has been segmented into the following categories, in addition to the industry trends which have also been detailed below: Attribute Details Market size volume in 2020 275 million Tonnes Market size volume in 2030 455.971 million Tonnes Growth Rate Base year for estimation CAGR of 5.42% from 2021 to 2030 2020 Historic Data Forecast period Quantitative units Report coverage 2015-2019 2022–2030 Demand in tons and CAGR from 2021 to 2030 Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends Segments covered 1. End Use: (Household, Industrial use, commercial use, Transportation, Others.) 2.Sales Channel (Direct/Institutional Sales, Indirect Sales) Regional scope Key companies profiled North America; Europe; Asia Pacific; South America; Middle East & Africa The Exxon Mobil Corporation, Chevron Corporation, Saudi Arabia oil company, Conoco Philips, Agyaz, Sinopec Shanghai Petrochemical Company, Gazprom, MGT pertroil company, National Iranian Gas Company, Unigaz, etc. Customization scope Free report customization with purchase. Addition or alteration to country, regional & segment scope. Pricing and purchase options Avail customized purchase options to meet your exact research needs.Explore purchase options

  6. TABLE OF CONTENTS: • • • • • • • • • • • • • • • Global Liquified Petroleum Gas Market Outlook, 2015-2030 Global Liquified Petroleum Gas Demand Outlook, 2015-2030, By Volume North America Liquified Petroleum Gas Market Outlook, 2015-2030 North America Liquified Petroleum Gas Demand Outlook, 2015-2030, By Volume Asia Pacific Liquified Petroleum Gas Market Outlook, 2015-2030 Asia Pacific Liquified Petroleum Gas Demand Outlook, 2015-2030, By Volume Europe Liquified Petroleum Gas Market Outlook, 2015-2030 Europe Liquified Petroleum Gas Demand Outlook, 2015-2030, By Volume MEA Liquified Petroleum Gas Market Outlook, 2015-2030 MEA Liquified Petroleum Gas Demand Outlook, 2015-2030, By Volume South America Liquified Petroleum Gas Market Outlook, 2015-2030 South America Liquified Petroleum Gas Demand Outlook, 2015-2030, By Volume Country-wise Import Country-wise Export News and Deals View Full TOC @ Liquefied Natural Gas (LNG) Market Report

  7. METHODOLOGY METHODOLOGY

  8. ChemAnalyst identify firm planned capacities, planned expansions and closures in identified geographies and also provide list of idling capacities wherever wise product demand profile based on past user industry data, capacity utilization & year-wise growth rates for last 10 years including current year. applicable. ChemAnalyst derive segment- Finally, ChemAnalyst project future growth considering potential new applications up to next 15 years, along with detailed basis / assumption for arriving at the projected growth rates. Current sources of products’ import along with logistics details of shipping aspect, inland transportation and cost details has been taken through primary research. Export destinations to be targeted based on market study have been listed. Details of shipping aspect, inland transportation and cost details etc. will be based on primary research. Demand = Production + Import – Export – Inventory DemandSupply Gap= Production - Demand ChemAnalyst Research perform periodical checks on data being collected through surveys with logic checks and analyze survey results and data generated through its proprietary database. ChemAnalyst will also use data triangulation technique to fill the gaps and to present the more meaning picture of the market. ChemAnalyst will deliver the final comprehensive project report in online digital format.

  9. Our Prestigious Clients Who Bought Reports in Chemical Industry

  10. About Us & Disclaimer ChemAnalyst Research is a global market research and consulting company with offices in the US, Indonesia and Indonesia. ChemAnalyst Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by- state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Asia-Pacific Europe North America B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@chemanalyst.com www.chemana;yst.com 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@chemanalyst.com www.chemana;yst.com 420 Lexington Avenue, Suite 300, New York, NY, United States, 10170 Email: sales@chemanalyst.com www.chemana;yst.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. Techsci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, Techsci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of Techsci Research

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