Global Liquefied Petroleum Gas (LPG) Market Insights and Forecast to 2028

Liquefied Petroleum Gas (LPG) is flammable mixtures of hydrocarbon gases used as fuel in heating appliances, cooking equipment, and vehicles.
This report studies the Liquefied Petroleum Gas (LPG) market, from angles of players, regions, product types and end industries, to analyze the status and the future.
Market Analysis and Insights: Global Liquefied Petroleum Gas (LPG) Market
Due to the COVID-19 pandemic, the global Liquefied Petroleum Gas (LPG) market size is estimated to be worth US$ 178130 million in 2022 and is forecast to a readjusted size of US$ 222810 million by 2028 with a CAGR of 3.8% during the review period. Fully considering the economic change by this health crisis, Petroleum Cracking Method accounting for % of the Liquefied Petroleum Gas (LPG) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Civil segment is altered to an % CAGR throughout this forecast period.
Saudi Aramco, Sinopec, ADNOC, CNPC, Exxon Mobil and KNPC are the top 6 of global Liquefied Petroleum Gas (LPG), with about 25% market shares.
From the view of region, APAC have a larger market share which account for 43% and will witness a stable growth in following years. North America hold a market share of 18% will still play an important role which cannot be ignored. Any changes from Europe, which share a 12% market share in 2018, might affect the development trend of Liquefied Petroleum Gas (LPG). South America and Middle East and Africa are also play important role in Global market.
According to the Segmentation of types, all the market of Liquefied Petroleum Gas (LPG) can be divided as follows: The first kind need to mention is Gas Purification Method, it hold a comparatively larger share in global market, which accounts for about 62%. The following is Petroleum Cracking Method share 37% market share.
Liquefied Petroleum Gas'main application area is Civil. In 2018, this sector hold a market share of 58%.Then followed by the Industrial which account for 38%.
In terms of production side, this report researches the Liquefied Petroleum Gas (LPG) capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Liquefied Petroleum Gas (LPG) by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Liquefied Petroleum Gas (LPG) Scope and Segment
Liquefied Petroleum Gas (LPG) market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Liquefied Petroleum Gas (LPG) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Petroleum Cracking Method
Gas Purification Method
Segment by Application
Civil
Industrial
Others
By Company
Saudi Aramco
Sinopec
ADNOC
CNPC
Exxon Mobil
KNPC
Phillips66
Bharat Petroleum
Pemex
Total
Qatar Petroleum
Equinor
BP
Gazprom
Chevron
ConocoPhillips Company
SHV Energy (NL)
Valero Energy
Production by Region
North America
Europe
Middle East & Africa
Japan
China
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E