Some of the drivers behind the growing demand of global LPG market include increasing consumption of autogas, and large semi-urban and rural populations in Africa, Latin America and Asia-Pacific, using cheap and easily available LPG as a cooking fuel. However, volatility in crude oil prices leading to LPG price uncertainty is expected to hamper the growth of global LPG market.

1. GLOBAL INDUSTRY INSIGHT:
LPG Market Size, Share, Development, Growth and Demand Forecast to
2020

2. © P&S Market Research. All rights reserved 2
Global LPG Market Size, Share, Development, Growth and
Demand Forecast to 2020
Some of the drivers behind the growing demand of global LPG market include increasing consumption of
autogas, and large semi-urban and rural populations in Africa, Latin America and Asia-Pacific, using cheap and
easily available LPG as a cooking fuel. However, volatility in crude oil prices leading to LPG price uncertainty is
expected to hamper the growth of global LPG market.
Explore More About “Global LPG Market” at: https://www.psmarketresearch.com/market-analysis/lpg-market
Liquefied Petroleum Gas (LPG) is also known as propane or butane. LPG is flammable in nature and mixture of
hydrocarbon gases. The boiling point of LPG is below room temperature, and it could be easily evaporated at
normal temperature and pressure. LPG is commonly imparted in pressurized steel vessels. They are usually filled
up to 80 – 85% of their capacity to permit for thermal expansion of the contained liquid. LPG is produced by
petroleum refining, and is mainly obtained from fossil fuel sources, manufactured during the petroleum refining
(crude oil), or obtained from petroleum or natural gas streams, as they come out from the ground. It is commonly
used as fuel in cooking equipment, heating appliances, and vehicles. Moreover, it is increasingly used as a
refrigerant and an aerosol propellant, in the place of chlorofluorocarbon, in order to reduce damage to the ozone
layer.
Based on source, the global LPG market can be segmented into refineries, associated gas, and non-associated
gas. LPG prepared through crude oil refining accounted for around 40% of the global LPG production in 2014.
The non-associated gas segment is expected to contribute to the maximum LPG production, during the forecast
period. In 2014, Middle East is the largest producer of LPG globally, and is expected to contribute high LPG
production volume. Though, a large volume of LPG produced is expected to be captively consumed by large
petrochemical complexes coming up in the region. In the last three years, the U.S. is witnessing a shale gas
boom in the country, and has emerged as a net exporter of LPG. A majority of the surplus LPG production from
the U.S. is likely to be routed to Latin American countries, where there is an increasing demand for LPG from the
domestic and commercial sector.
Based on application, the global LPG market can be segmented into residential and commercial, industrial,
petrochemical and refinery, transportation, and others. The major applications area of LPG is residential and
commercial, and accounted for the largest application segment of the global LPG market, in 2014, and is
commonly used as a cooking fuel. The dependency on LPG as a cooking fuel among the rural and urban
populations is very high. Some of the major markets for LPG consumptions are Asia-Pacific and Latin-America,
due to the large semi-urban and rural populations. Moreover, Africa is an attractive market for LPG, where around
88% of the LPG consumption is by the residential segment. Transportation was one of the fastest growing
application segments in the global LPG market in 2014, due to the increasing adoption of LPG as a transportation
fuel globally, especially in Europe. In the recent past, countries such as Germany, Poland, and Turkey have been

3. © P&S Market Research. All rights reserved 3
Global LPG Market Size, Share, Development, Growth and
Demand Forecast to 2020
increasingly adding to their autogas fleet. Countries such as South Korea and Japan are also major adopters of
autogas in the Asia-Pacific.
Geographically, Asia-Pacific was the largest market for LPG in 2014. Countries, such as India and China
accounted for a significant portion of the LPG consumption in Asia-Pacific. The major factor behind the growth in
demand for LPG consumption is large rural population in Asia-Pacific. In addition, the same scenario can be
observed in Africa and Latin American Countries.
Browse related market research at: https://www.psmarketresearch.com/industry-report/chemicals-materials-
and-energy
Some of the major competitors in the global LPG market include Exxon Mobil Corporation, UGI Corporation,
British Petroleum PLC, Royal Dutch Shell PLC, SHV Energy N.V., Copagaz Distribuidora De Gas Ltda, Repsol
S.A., China Gas Holdings Limited and Kleenheat Gas Pty Limited.
Report coverage
Global LPG Market, By Source
 Refineries
 Associated Gas
 Non-associated Gas
Global LPG Market, By Application
 Residential and Commercial
 Industrial
 Transportation
 Petrochemical and Refinery
 Others
Global LPG Market, By Geography
 North America
 Central and Western Europe

4. © P&S Market Research. All rights reserved 4
Global LPG Market Size, Share, Development, Growth and
Demand Forecast to 2020
 Asia-Pacific
 Latin America
 Middle East and Africa
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for
various geographies around the globe. We provide market research reports, industry forecasting reports,
business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate
forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through
their interaction with leading companies of the concerned domain. We help our clients with B2B market research
and assist them in identifying various windows of opportunity, and framing informed and customized business
expansion strategies in different regions.
Contact:
Ms Somya
Manager – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com