Liquefied Petroleum Gas (LPG) Market Research and Forecast Report 2023-2028

1. Global Liquefied Petroleum Gas (LPG) Market Research and Forecast Report 2023- 2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Liquefied Petroleum Gas (LPG) Market Research Report: The latest report by IMARC, titled “Liquefied Petroleum Gas (LPG) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” " the global liquefied petroleum gas (LPG) market size reached US$ 134.6 Billion in 2022. Liquified petroleum gas (LPG) is a flammable mixture of hydrocarbon gases that includes propane and butane. It is considered to be a clean and efficient source of energy that is portable and commonly used as fuel across various application segments. It is obtained during the process of oil and natural gas production and is liquefied through pressurization. It is stored and supplied in canisters, cylinders and bulk storage tanks for various domestic and industrial applications. It is extensively being utilized as the preferred energy source across the chemical, automotive and manufacturing sectors. Request market/requestsample Free Sample Report: https://www.imarcgroup.com/liquefied-petroleum-gas-

4. Report Description and Highlights Report Description Global Liquefied Petroleum Gas (LPG) Market Trends: The market is primarily driven by the increasing environmental consciousness among the masses. The rising concerns regarding carbon emissions and growing pollution levels across the globe have led to the increasing adoption of clean energy sources by individuals. This, coupled with the escalating popularity of LPG as the preferred alternative to fossil fuels, is providing a thrust to the market growth. Moreover, the growing requirement of LPG as auto emission gas in the automotive sector is acting as a major growth-inducing factor. The market is further driven by the numerous initiatives undertaken by the government of various countries to promote the use of LPG. They are launching favorable policies and offering subsidies and tax concessions to suppliers in an attempt to increase its uptake significantly. They are also undertaking initiatives to spread awareness and educate the rural population regarding the importance of substituting traditional sources of energy, such as coal, wood and kerosene, with LPG. The considerable improvements in the extraction and refining technologies for natural gases are also creating a positive outlook for the market. Some of the other factors contributing to the market growth include rising population, rapid urbanization and the increasing production of nonconventional gases. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 3.6% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: Breakup by Source: • Refinery • Associated Gas • Non-Associated Gas Breakup by Application: • Residential • Commercial • Refinery and Petrochemical • Transportation • Others Breakup by Supply Mode: • Packaged • Bulk and On-site Breakup by Region:

6. Report Description and Highlights Report Description • North America • United States • Canada • Asia Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others • Latin America

7. Report Description and Highlights Report Description • Brazil • Mexico • Others • Middle East and Africa

8. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • Bharat Petroleum Corporation Limited BP P.L.C. Chevron Corporation China Gas Holdings Ltd. Exxon Mobil Corporation Origin Energy Limited Petroliam Nasional Berhad Phillips 66 Company Repsol S.A. Royal Dutch Shell PLC Valero Energy Corporation View Full Report with TOC & List of Figure: https://www.imarcgroup.com/liquefied-petroleum-gas- market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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