Liquified Petroleum Gas Market Insights and Growth by 2031
LPG is a non-renewable energy source that is extensively utilised as a portable, clean, and non-toxic energy source in a variety of home and industrial applications. It's made up of flammable hydrocarbon gases and volatile hydrocarbons like propane, butane, and isobutane, and it's kept in steel vessels, big gas cylinders, and tanks. LPG burns easily in air and produces more heat energy than natural gas. It also has a number of additional advantages, including clean combustion, no soot, readily adjustable flame temperatures, and low sulphur content, making it ideal for heating, cooking, and automotive applications. Factors such as the rising environmental consciousness among the masses regarding the benefits of using LPG as an effective alternative to fossil fuels is creating profitable opportunities for the liquefied petroleum gas market in the forecast period.
MARKET DYNAMICS
The growth of the global liquefied petroleum gas market is driven by rise in demand for LPG from various operations and implementation of stringent government regulations toward environmental pollution are driving the growth of the liquefied petroleum gas market. High voltage hazards related to high voltage capacitor may restrain the growth of the liquefied petroleum gas market. Furthermore increasing infrastructural developments across the globe is anticipated to create market opportunities for the liquefied petroleum gas market during the forecast period.
MARKET SCOPE
The "Global Liquified Petroleum Gas Market Analysis to 2031" is a specialized and in-depth study of the liquefied petroleum gas market with a special focus on the global market trend analysis. The report aims to provide an overview of liquefied petroleum gas market with detailed market segmentation by source, application, and geography. The global liquefied petroleum gas market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading liquefied petroleum gas market players and offers key trends and opportunities in the liquefied petroleum gas market.
MARKET SEGMENTATION
The global liquefied petroleum gas market is segmented on the basis of by source and application. On the basis of source the market is segmented into refinery, associated gas, and non-associated gas. Based on application the market is segmented into residential, commercial, agriculture, industrial, transportation, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global liquefied petroleum gas market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The liquefied petroleum gas market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting liquefied petroleum gas market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the liquefied petroleum gas market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global liquefied petroleum gas market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The liquefied petroleum gas market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting liquefied petroleum gas market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the liquefied petroleum gas market in these regions.
MARKET PLAYERS
The reports cover key developments in the liquefied petroleum gas market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from liquefied petroleum gas market are anticipated to lucrative growth opportunities in the future with the rising demand for liquefied petroleum gas market. Below mentioned is the list of few companies engaged in the liquefied petroleum gas market.
The report also includes the profiles of key liquefied petroleum gas market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Abu Dhabi National Oil Company (ADNOC)
- Bharat Petroleum Corporation Limited
- Chevron Corporation
- China Gas Holdings Ltd.
- Exxon Mobil Corporation
- Sinopec Corp.
- Petroliam Nasional Berhad (PETRONAS)
- Royal Dutch Shell PLC
- Valero Energy Corporation
- Qatar Petroleum
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Liquified Petroleum Gas Market - By Source
1.3.2 Liquified Petroleum Gas Market - By Application
1.3.3 Liquified Petroleum Gas Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LIQUIFIED PETROLEUM GAS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. LIQUIFIED PETROLEUM GAS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LIQUIFIED PETROLEUM GAS MARKET - GLOBAL MARKET ANALYSIS
6.1. LIQUIFIED PETROLEUM GAS - GLOBAL MARKET OVERVIEW
6.2. LIQUIFIED PETROLEUM GAS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. LIQUIFIED PETROLEUM GAS MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. REFINERY
7.3.1. Overview
7.3.2. Refinery Market Forecast and Analysis
7.4. ASSOCIATED GAS
7.4.1. Overview
7.4.2. Associated Gas Market Forecast and Analysis
7.5. NON-ASSOCIATED GAS
7.5.1. Overview
7.5.2. Non-associated Gas Market Forecast and Analysis
8. LIQUIFIED PETROLEUM GAS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. AGRICULTURE
8.5.1. Overview
8.5.2. Agriculture Market Forecast and Analysis
8.6. INDUSTRIAL
8.6.1. Overview
8.6.2. Industrial Market Forecast and Analysis
8.7. TRANSPORTATION
8.7.1. Overview
8.7.2. Transportation Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. LIQUIFIED PETROLEUM GAS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Liquified Petroleum Gas Market Overview
9.1.2 North America Liquified Petroleum Gas Market Forecasts and Analysis
9.1.3 North America Liquified Petroleum Gas Market Forecasts and Analysis - By Source
9.1.4 North America Liquified Petroleum Gas Market Forecasts and Analysis - By Application
9.1.5 North America Liquified Petroleum Gas Market Forecasts and Analysis - By Countries
9.1.5.1 United States Liquified Petroleum Gas Market
9.1.5.1.1 United States Liquified Petroleum Gas Market by Source
9.1.5.1.2 United States Liquified Petroleum Gas Market by Application
9.1.5.2 Canada Liquified Petroleum Gas Market
9.1.5.2.1 Canada Liquified Petroleum Gas Market by Source
9.1.5.2.2 Canada Liquified Petroleum Gas Market by Application
9.1.5.3 Mexico Liquified Petroleum Gas Market
9.1.5.3.1 Mexico Liquified Petroleum Gas Market by Source
9.1.5.3.2 Mexico Liquified Petroleum Gas Market by Application
9.2. EUROPE
9.2.1 Europe Liquified Petroleum Gas Market Overview
9.2.2 Europe Liquified Petroleum Gas Market Forecasts and Analysis
9.2.3 Europe Liquified Petroleum Gas Market Forecasts and Analysis - By Source
9.2.4 Europe Liquified Petroleum Gas Market Forecasts and Analysis - By Application
9.2.5 Europe Liquified Petroleum Gas Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Liquified Petroleum Gas Market
9.2.5.1.1 Germany Liquified Petroleum Gas Market by Source
9.2.5.1.2 Germany Liquified Petroleum Gas Market by Application
9.2.5.2 France Liquified Petroleum Gas Market
9.2.5.2.1 France Liquified Petroleum Gas Market by Source
9.2.5.2.2 France Liquified Petroleum Gas Market by Application
9.2.5.3 Italy Liquified Petroleum Gas Market
9.2.5.3.1 Italy Liquified Petroleum Gas Market by Source
9.2.5.3.2 Italy Liquified Petroleum Gas Market by Application
9.2.5.4 United Kingdom Liquified Petroleum Gas Market
9.2.5.4.1 United Kingdom Liquified Petroleum Gas Market by Source
9.2.5.4.2 United Kingdom Liquified Petroleum Gas Market by Application
9.2.5.5 Russia Liquified Petroleum Gas Market
9.2.5.5.1 Russia Liquified Petroleum Gas Market by Source
9.2.5.5.2 Russia Liquified Petroleum Gas Market by Application
9.2.5.6 Rest of Europe Liquified Petroleum Gas Market
9.2.5.6.1 Rest of Europe Liquified Petroleum Gas Market by Source
9.2.5.6.2 Rest of Europe Liquified Petroleum Gas Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Liquified Petroleum Gas Market Overview
9.3.2 Asia-Pacific Liquified Petroleum Gas Market Forecasts and Analysis
9.3.3 Asia-Pacific Liquified Petroleum Gas Market Forecasts and Analysis - By Source
9.3.4 Asia-Pacific Liquified Petroleum Gas Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Liquified Petroleum Gas Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Liquified Petroleum Gas Market
9.3.5.1.1 Australia Liquified Petroleum Gas Market by Source
9.3.5.1.2 Australia Liquified Petroleum Gas Market by Application
9.3.5.2 China Liquified Petroleum Gas Market
9.3.5.2.1 China Liquified Petroleum Gas Market by Source
9.3.5.2.2 China Liquified Petroleum Gas Market by Application
9.3.5.3 India Liquified Petroleum Gas Market
9.3.5.3.1 India Liquified Petroleum Gas Market by Source
9.3.5.3.2 India Liquified Petroleum Gas Market by Application
9.3.5.4 Japan Liquified Petroleum Gas Market
9.3.5.4.1 Japan Liquified Petroleum Gas Market by Source
9.3.5.4.2 Japan Liquified Petroleum Gas Market by Application
9.3.5.5 South Korea Liquified Petroleum Gas Market
9.3.5.5.1 South Korea Liquified Petroleum Gas Market by Source
9.3.5.5.2 South Korea Liquified Petroleum Gas Market by Application
9.3.5.6 Rest of Asia-Pacific Liquified Petroleum Gas Market
9.3.5.6.1 Rest of Asia-Pacific Liquified Petroleum Gas Market by Source
9.3.5.6.2 Rest of Asia-Pacific Liquified Petroleum Gas Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Liquified Petroleum Gas Market Overview
9.4.2 Middle East and Africa Liquified Petroleum Gas Market Forecasts and Analysis
9.4.3 Middle East and Africa Liquified Petroleum Gas Market Forecasts and Analysis - By Source
9.4.4 Middle East and Africa Liquified Petroleum Gas Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Liquified Petroleum Gas Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Liquified Petroleum Gas Market
9.4.5.1.1 South Africa Liquified Petroleum Gas Market by Source
9.4.5.1.2 South Africa Liquified Petroleum Gas Market by Application
9.4.5.2 Saudi Arabia Liquified Petroleum Gas Market
9.4.5.2.1 Saudi Arabia Liquified Petroleum Gas Market by Source
9.4.5.2.2 Saudi Arabia Liquified Petroleum Gas Market by Application
9.4.5.3 U.A.E Liquified Petroleum Gas Market
9.4.5.3.1 U.A.E Liquified Petroleum Gas Market by Source
9.4.5.3.2 U.A.E Liquified Petroleum Gas Market by Application
9.4.5.4 Rest of Middle East and Africa Liquified Petroleum Gas Market
9.4.5.4.1 Rest of Middle East and Africa Liquified Petroleum Gas Market by Source
9.4.5.4.2 Rest of Middle East and Africa Liquified Petroleum Gas Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Liquified Petroleum Gas Market Overview
9.5.2 South and Central America Liquified Petroleum Gas Market Forecasts and Analysis
9.5.3 South and Central America Liquified Petroleum Gas Market Forecasts and Analysis - By Source
9.5.4 South and Central America Liquified Petroleum Gas Market Forecasts and Analysis - By Application
9.5.5 South and Central America Liquified Petroleum Gas Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Liquified Petroleum Gas Market
9.5.5.1.1 Brazil Liquified Petroleum Gas Market by Source
9.5.5.1.2 Brazil Liquified Petroleum Gas Market by Application
9.5.5.2 Argentina Liquified Petroleum Gas Market
9.5.5.2.1 Argentina Liquified Petroleum Gas Market by Source
9.5.5.2.2 Argentina Liquified Petroleum Gas Market by Application
9.5.5.3 Rest of South and Central America Liquified Petroleum Gas Market
9.5.5.3.1 Rest of South and Central America Liquified Petroleum Gas Market by Source
9.5.5.3.2 Rest of South and Central America Liquified Petroleum Gas Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LIQUIFIED PETROLEUM GAS MARKET, KEY COMPANY PROFILES
11.1. ABU DHABI NATIONAL OIL COMPANY (ADNOC)
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BHARAT PETROLEUM CORPORATION LIMITED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHEVRON CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CHINA GAS HOLDINGS LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EXXON MOBIL CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SINOPEC CORP.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PETROLIAM NASIONAL BERHAD (PETRONAS)
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ROYAL DUTCH SHELL PLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VALERO ENERGY CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. QATAR PETROLEUM
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Abu Dhabi National Oil Company (ADNOC)
2.BHARAT PETROLEUM CORPORATION LIMITED
3.CHEVRON CORPORATION
4.CHINA GAS HOLDINGS LTD.
5.EXXON MOBIL CORPORATION
6.Sinopec Corp.
7.Petroliam Nasional Berhad (PETRONAS)
8.Royal Dutch Shell PLC
9.Valero Energy Corporation
10.Qatar Petroleum
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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