Global Liquefied Petroleum Gas (LPG) Market is valued approximately at USD XX billion in 2019 and is anticipated to grow with a growth rate of more than XX% over the forecast period 2020-2027. Liquefied Petroleum Gas (LPG) is a flammable material used as a fuel solution for various sectors such as Residential/Commercial, Chemical, Industrial, Auto fuel, Refinery and Offshore. Due to easy transportation and low greenhouse emission gas LPG is gaining a huge market share all across the world. Use of LPG for cooking over other fuels as it is eco-friendly and has high heating consistency boosts the market share in emerging economies such as India. LPG doesn’t contain Sulphur and among all energy sources, when compared to oil, LPG only releases 81% of the carbon dioxide that oil does. When compared to coal, another energy option, LPG only releases 70% of the carbon dioxide promoting the use of LPG across various sectors.
Due to COVID-19, Global demand for gas is expected to fall by almost 2 per cent this year as commercial and industrial activity is reduced amid coronavirus lockdowns as per an article in Economic times in 2020. However, several Government measures are taken to increase the consumption of LPG over other fuels such as coal, kerosene, petroleum and wood is driving the market immensely. For instance: In emerging economy India, Government initiative such as Unified Guidelines for Selection of LPG Distributorships 2016, Pradhan Mantri Ujjwala Yojana (PMUY), PAHAL GivItUp Campaign, Corpus Fund Scheme and others boost the Global LPG Market growth. However, high installation cost for equipment and machineries for the process liquidating the gas is the restraining factors which impedes the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Liquefied Petroleum Gas (LPG) market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world due to higher demand and consumption of cooking gas in residential sector and utilization in chemical industries. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors growth in awareness regarding cost effectiveness and release in low greenhouse emission gas would create lucrative growth prospects for the Liquefied Petroleum Gas (LPG) market across Asia-Pacific region.

Major market player included in this report are:
Reliance Industries Limited (India)
PJSC Rosneft Oil Company (Russia)
PJSC Lukoil Oil Company (Russia)
PJSC Gazprom (Russia)
Chevron Corporation (US)
Total S.A. (France)
Exxon Mobil Corporation (US)
Royal Dutch Shell PLC (Netherlands)
China Petroleum & Chemical Corporation (Sinopec) (China)
China National Petroleum Corporation (CNPC) (China)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Associated Gas
Non - Associated Gas
By Application:
Auto fuel
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Liquefied Petroleum Gas (LPG) Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers