Liquefied Petroleum Gas (LPG) Market Size & Share Report 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Liquefied Petroleum Gas (LPG) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global liquefied petroleum gas (LPG) market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the liquefied petroleum gas (LPG) market?

The global liquefied petroleum gas (LPG) market size reached US$ 134.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 170.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.

What is a liquefied petroleum gas (LPG)?

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 for a free sample copy of this report: https://www.imarcgroup.com/liquefied-petroleum-gas-market/requestsample

What are the growth prospects and trends in the liquefied petroleum gas (LPG) industry?

Rising environmental consciousness represents one of the primary factors driving the global market growth. In line with this, LPG is used as an effective alternative to fossil fuels, which is contributing to its widespread utilization across industries. Furthermore, significant growth in the automotive industry is creating a positive market outlook. Because LPG is utilised as an autogas in the automotive industry to reduce carbon emissions, it is a major growth element. Other factors, such as the implementation of various government initiatives to promote the usage of LPG, are driving the market toward growth further.

What is included in market segmentation?

The report has segmented the market into the following categories:

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:

North America (U.S. & Canada)

Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)

Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)

Latin America (Brazil, Mexico)

Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

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.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=2773&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/