Market Overview

The Global Liquefied Petroleum Gas (LPG) Market was valued at USD 148,899.1 million in 2023 and is expected to reach USD 246,427.4 million by 2031 while growing at a CAGR of 6.5% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global liquefied petroleum gas (LPG) market growth. Liquefied Petroleum Gas (LPG) is a flammable hydrocarbon derived from crude oil or natural gas processing. Comprising mainly propane and butane, it is widely used as a portable, easily stored, and versatile fuel.

Increasing versatility and diverse applications, along with clean-burning and environmentally friendly features, propel the growth of the liquefied petroleum gas (LPG) market. However, challenges like price volatility and infrastructure development may impede market expansion.

Furthermore, the global liquefied petroleum gas (LPG) industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Source of Production Analysis

The Global Liquefied Petroleum Gas (LPG) Market is segmented among Crude Oil, and Natural Gas Liquids, based on Source of Production. In 2023, Natural Gas Liquids accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Liquefied Petroleum Gas (LPG) Market is segmented among Residential, Commercial & Industrial, Autofuels, and Other Applications, based on Application. In 2023, Residential accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Liquefied Petroleum Gas (LPG) Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Latin America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are BP PLC, Exxon Mobil Corporation, ConocoPhillips, Abu Dhabi National Oil Company (ADNOC), QatarEnergy, Novatek PAO, Gazprom PJSC, China Petroleum & Chemical Corporation, Indian Oil Corporation Ltd, and Reliance Gas.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Liquefied Petroleum Gas (LPG) Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Liquefied Petroleum Gas (LPG) Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Liquefied Petroleum Gas (LPG) Market Segmentation, By Source of Production   

• Global Liquefied Petroleum Gas (LPG) Market Share Analysis, By Source of Production

• Global Liquefied Petroleum Gas (LPG) Market Growth Analysis, By Source of Production

• Global Liquefied Petroleum Gas (LPG) Market Trends, By Source of Production   

o Crude Oil

o Natural Gas Liquids

6. Global Liquefied Petroleum Gas (LPG) Market Segmentation, By Application

• Global Liquefied Petroleum Gas (LPG) Market Share Analysis, By Application

• Global Liquefied Petroleum Gas (LPG) Market Growth Analysis, By Application

• Global Liquefied Petroleum Gas (LPG) Market Trends, By Application

o Residential

o Commercial & Industrial

o Autofuels

o Other Applications

7. Global Liquefied Petroleum Gas (LPG) Market Segmentation, By Region

• Global Liquefied Petroleum Gas (LPG) Market Share Analysis, By Region

• Global Liquefied Petroleum Gas (LPG) Market Growth Analysis, By Region

• Global Liquefied Petroleum Gas (LPG) Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• BP PLC.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Exxon Mobil Corporation

• ConocoPhillips

• Abu Dhabi National Oil Company (ADNOC)

• QatarEnergy

• Novatek PAO

• Gazprom PJSC

• China Petroleum & Chemical Corporation

• Indian Oil Corporation Ltd

• Reliance Gas

 *Similar analysis will be provided for each company listed above.