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Liquefied Petroleum Gas Market By Source (Refinery, Associated Gas, and Non-Associated Gas) and By End-User (Residential & Commercial, Petrochemical & Refineries, Industrial, and Transportation): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Published Date: 02-Sep-2019 Category: Energy & Mining Report Format : PDF Pages: 174 Report Code: ZMR-3272 Status : Published

Global liquefied petroleum gas market was USD 277.93 billion in 2018 and is expected to reach around USD 359.32 billion by 2025, growing at a CAGR of 3.1% between 2019 and 2025. Rapid urbanization and enhanced purchase parity of population in emerging economies are key factors driving the liquefied petroleum gas market.

Description

The report covers a forecast and an analysis of the global liquefied petroleum gas market on a global and regional level. The study provides historical information from 2016 to 2018 along with a forecast from 2019 to 2025 based on volume (Kilotons) and revenue (USD Billion). The study covers the key drivers and restraints of the global liquefied petroleum gas market and provides their market impact within the forecast period. Furthermore, the study also includes the analysis of opportunities available in the global liquefied petroleum gas market.

In order to offer the users of this report, a comprehensive view of the global liquefied petroleum gas market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model has additionally been included. The study includes a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Gobal Liquefied Petroleum Gas Market1

The study also includes the market share of the key participant’s operating in the global liquefied petroleum gas market. Moreover, the report covers the strategic development in the market along with acquisitions & mergers, agreements, partnerships, collaborations & joint ventures, and regional growth of key players within the market on a global basis.

The study provides a crucial view of the liquefied petroleum gas market by segmenting it based on source, end-user, and region. The regional segment is divided into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

Some major players of the liquefied petroleum gas market are Chevron Corporation, British Petroleum, Petroleum National, China Petroleum & Chemical, Royal Dutch Shell, Exxon Mobil, China National Petroleum, Phillips 66, and Valero Energy.

This report segments the global liquefied petroleum gas market into:

Global Liquefied Petroleum Gas Market: Source Analysis

  • Refineries
  • Associated Natural Gas
  • Non-Associated Natural Gas

Global Liquefied Petroleum Gas Market: End-User Analysis

  • Residential and Commercial
  • Refineries and Petrochemicals
  • Industrial
  • Transportation

Global Liquefied Petroleum Gas Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  • Chapter 2. Executive Summary
    • 2.1. Global Liquefied Petroleum Gas Market, 2016-2025 (Kilotons) (USD Billion)
    • 2.2. Liquefied Petroleum Gas Market: Snapshot
  • Chapter 3. Global Liquefied Petroleum Gas Market - Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technology landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
      • 3.4.4. Latin America
      • 3.4.5. Middle East & Africa
    • 3.5. Opportunity
    • 3.6. Innovation & sustainability
    • 3.7. Porter's Five Forces Analysis
    • 3.8. PESTLE Analysis
    • 3.9. Liquefied Petroleum Gas Market: Market Attractiveness Analysis
      • 3.9.1. Market Attractiveness Analysis by Source
      • 3.9.2. Market Attractiveness Analysis by End-User
      • 3.9.3. Market Attractiveness Analysis by Region
  • Chapter 4. Global Liquefied Petroleum Gas Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2018
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
      • 4.2.4. Research & Development and Regional Expansion
    • 4.3. Product Portfolio
  • Chapter 5. Global Liquefied Petroleum Gas Market - Source Analysis
    • 5.1. Global Liquefied Petroleum Gas Market Share, by Source, 2018 and 2025
    • 5.2. Refineries
      • 5.2.1. Global Liquefied Petroleum Gas Market by Refineries, 2016-2025 (Kilotons) (USD Billion)
    • 5.3. Associated Natural Gas
      • 5.3.1. Global Liquefied Petroleum Gas Market by Associated Natural Gas, 2016-2025 (Kilotons) (USD Billion)
    • 5.4. Non-Associated Natural Gas
      • 5.4.1. Global Liquefied Petroleum Gas Market by Non-associated Natural Gas, 2016-2025 (Kilotons) (USD Billion)
  • Chapter 6. Global Liquefied Petroleum Gas Market - End-User Analysis
    • 6.1. Global Liquefied Petroleum Gas Market Share, by End-User, 2018 and 2025
    • 6.2. Residential & Commercial
      • 6.2.1. Global Liquefied Petroleum Gas Market by Residential & Commercial, 2016-2025 (Kilotons) (USD Billion)
    • 6.3. Refineries & Petrochemicals
      • 6.3.1. Global Liquefied Petroleum Gas Market by Refineries & Petrochemicals, 2016-2025 (Kilotons) (USD Billion)
    • 6.4. Industrial
      • 6.4.1. Global Liquefied Petroleum Gas Market by Industrial, 2016-2025 (Kilotons) (USD Billion)
    • 6.5. Transportation
      • 6.5.1. Global Liquefied Petroleum Gas Market by Transportation, 2016-2025 (Kilotons) (USD Billion)
  • Chapter 7. Global Liquefied Petroleum Gas Market - Regional Analysis
    • 7.1. Global Liquefied Petroleum Gas Market Share, by Region, 2018and 2025
    • 7.2. North America
      • 7.2.1. North America Liquefied Petroleum Gas Market, 2016-2025 (Kilotons) (USD Billion)
      • 7.2.2. North America Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
      • 7.2.3. North America Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
      • 7.2.4. The U.S.
        • 7.2.4.1. The U.S. Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
        • 7.2.4.2. The U.S. Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
      • 7.2.5. Canada
        • 7.2.5.1. Canada Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
        • 7.2.5.2. Canada Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe Liquefied Petroleum Gas Market, 2016-2025 (Kilotons) (USD Billion)
      • 7.3.2. Europe Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
      • 7.3.3. Europe Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
      • 7.3.4. UK
        • 7.3.4.1. UK Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
        • 7.3.4.2. UK Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
      • 7.3.5. France
        • 7.3.5.1. France Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
        • 7.3.5.2. France Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
      • 7.3.6. Germany
        • 7.3.6.1. Germany Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
        • 7.3.6.2. Germany Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
      • 7.3.7. Rest of Europe
        • 7.3.7.1. Rest of Europe Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
        • 7.3.7.2. Rest of Europe Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Liquefied Petroleum Gas Market, 2016-2025 (Kilotons) (USD Billion)
      • 7.4.2. Asia Pacific Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
      • 7.4.3. Asia Pacific Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
      • 7.4.4. China
        • 7.4.4.1. China Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
        • 7.4.4.2. China Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
      • 7.4.5. Japan
        • 7.4.5.1. Japan Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
        • 7.4.5.2. Japan Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
      • 7.4.6. India
        • 7.4.6.1. India Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
        • 7.4.6.2. India Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
      • 7.4.7. Rest of Asia Pacific
        • 7.4.7.1. Rest of Asia Pacific Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
        • 7.4.7.2. Rest of Asia Pacific Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America Liquefied Petroleum Gas Market, 2016-2025 (Kilotons) (USD Billion)
      • 7.5.2. Latin America Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
      • 7.5.3. Latin America Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
        • 7.5.4.2. Brazil Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
      • 7.5.5. Rest of Latin America
        • 7.5.5.1. Rest of Latin America Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
        • 7.5.5.2. Rest of Latin America Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
    • 7.6. The Middle East and Africa
      • 7.6.1. The Middle East and Africa Liquefied Petroleum Gas Market,2016-2025 (Kilotons) (USD Billion)
      • 7.6.2. The Middle East and Africa Liquefied Petroleum Gas Market, By Source, 2016-2025 (Kilotons) (USD Billion)
      • 7.6.3. The Middle East and Africa Liquefied Petroleum Gas Market, By End-User, 2016-2025 (Kilotons) (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. Chevron Corporation
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. British Petroleum
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Petroleum National
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. China Petroleum & Chemical
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Royal Dutch Shell
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Exxon Mobil Corporation
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. China National Petroleum
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Phillips 66
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Valero Energy
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments

Methodology

Free Analysis

Liquefied petroleum gas is a flammable gas, which is used for various applications ranging from cooking to transportation. LPG is either propane or butane or a mixture of various hydrocarbon gases with a significantly high proportion of propane and butane along with a slight proportion of propylene and butylene gases. LPG’s chemical composition generally varies according to the processing state of natural gas or crude oil, but its usual composition has a significant share of propane and butane blend with a propane mix ranging from 32% to 98%. It is basically a by-product obtained from refining of petroleum and natural gas processing. It is stored in highly pressurized steel vessels to prohibit its evaporation at normal temperature and pressure.

Rapid urbanization and enhanced purchase parity of population in emerging economies are key factors driving the liquefied petroleum gas market. The transportation industry in developing countries is witnessing a major shift with rapid developments of all modes of transport. Steep rate of motorization in emerging economies has also triggered the growth of the global liquefied petroleum gas market. The industrial sector, especially the petrochemical industry, has escalated the expansion of the global liquefied petroleum gas market. The shift from conventional fuels like coal, kerosene, wood, and cow dung for cooking and other domestic applications to LPG is also contributing to this market growth. LPG is being promoted as a clean fuel source for automobiles, as it releases a remarkably lower level of CO2 as compared to conventional automobile fuel sources. However, low awareness among rural and low-income population, reluctance toward its acceptance due to higher cost, and fluctuation of LPG costs due to volatility in the crude oil market may impede the global liquefied petroleum gas market. Nevertheless, constant support and promotion of LPG from governments globally are expected to generate further growth opportunities for the liquefied petroleum gas market globally.

Gobal Liquefied Petroleum Gas Market1

The liquefied petroleum gas market is fragmented on the basis of source and end-user. By source, the market includes associated gas, non-associated gas, and refineries. The refineries segment is the largest source of LPG, followed by associated and non-associated gases. In contrast, the non-associated gas segment is expected to register the highest CAGR in the future. The refineries segment is expected to retain its market leadership with the highest revenue. On the basis of end-user, the market comprises residential and commercial, industrial, petrochemical and refineries, and transportation. The residential and commercial segment holds the highest market share, i.e., about 45%.

The Asia Pacific liquefied petroleum gas market is the leader in terms of revenue and is projected to sustain its global leadership over the forecast time period with the highest CAGR.

Some major players of the liquefied petroleum gas market are Chevron Corporation, British Petroleum, Petroleum National, China Petroleum & Chemical, Royal Dutch Shell, Exxon Mobil, China National Petroleum, Phillips 66, and Valero Energy.

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