LPG (液化石油ガス) の世界市場：2019年～2026年
Global Liquefied petroleum gas (LPG) Market - 2019-2026
|LPG (液化石油ガス) の世界市場：2019年～2026年 Global Liquefied petroleum gas (LPG) Market - 2019-2026|
|出版日: 2020年07月18日||ページ情報: 英文||
当レポートでは、世界のLPG (液化石油ガス) 市場について調査分析し、業界分析、セグメント別の市場分析、競合情勢、主要企業などについて、体系的な情報を提供しています。
Liquefied petroleum gas (LPG) is a flammable mixture of hydrocarbon gases extracted from the byproduct of the crude petroleum. The hydrocarbons gases comprises of butane, propane, isobutene and other mixtures of gases. These gases are stored in the liquid form in the steel container under pressure which further can be as fuel in the cooking equipment, heating appliances, and in the vehicles. In addition to this, these LPG gases are being used in the refrigeration systems as an aerosol propellant and a refrigerant by replacing chlorofluorocarbons which is harmful gas to the environment. LPG gas has similar property and calorific value as compare to petrol hence used in vehicles as fuel. The global Liquefied petroleum gas (LPG) market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand for increasing consumption of auto gas, vehicles and raising demand of LPG cylinders for cooking in semi-urban and rural populations. According to the World LPG Association the global autogas consumption in 2017 was around 27 million tonnes and is projected to reach around 31 Million tonnes by 2030 with 18% higher as compare to 2017 year. Furthermore, the global LPG market is driven by strong governmental support for residential and commercial purpose like for cooking and in automobile industry. stronger support from governments, vehicle manufacturers and the LPG industry The associated social, economic and environmental benefits are estimated at over US$54 billion Reducing drastically the environmental impact of road transport in the face of rising demand for mobility Demand has been growing steadily in recent years, reaching around 27 million tonnes in 2017,
There is a rise in the launch of new innovative technology implemented with liquefied petroleum gases for the automobile vehicles for reducing the cost of travelling as compare to petrol vehicles may create huge opportunity for the growth of LPG market. For instance, in May 2019, Bajaj Company had launched the four-wheeler vehicle quadricycle's Qute model based on Liquid Petroleum Gas (LPG).
The global Liquefied petroleum gas (LPG) market is segmented based on product type, application, and region.
In terms of product type the global Liquefied petroleum gas (LPG) market is bifurcated into Associated Gas, Refinery and Non Associated Gas. Among this Refinery segment has highest share in 2019 owing to increasing infrastructure development for extraction of oils for fulfilling the global demand. As per the International Energy Agency (IEA), the global oil refineries production is expected to reach 5.9 million barrels per day due to surge in the global population demand for commercial and residential purpose.
Similarly, Associated Gas and Non Associated Gas segment also increasing at fastest pace owing to surge in global demand of liquefied petroleum gas (LPG) with surge in the autogas vehicles with raising global population. According to the Organization of the Petroleum Exporting Countries (OPEC), the Global population was 7.5 billion in 2015 and is projected to reach around 9.2 billion by 2040.
Further, based on the application, the global LPG market is divided into as industrial, commercial, Chemical, autofuel and others. Among this commercial segment has the highest market share in 2019 as surge in the utilization of liquefied petroleum gas (LPG) with stronger government supports and subsidies to promote the usage of natural resources. For instance the Government of India has been subsidized the LPG cylinder during the Covid-19 pandemic in 2020.
The Chemical, autofuel segment is expected to witness positive market growth due to the growing demand for the Liquefied petroleum gas (LPG) used for in automobile, chemical factories and in food processing companies. According to the International Association for Natural Gas Vehicles (IANGV), considering the European Community plans and ongoing developments in Asia, the global number of NGVs could reach 15 million by 2010 and 50 million by 2020.
By region, the global Liquefied petroleum gas (LPG) market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia Pacific is the dominating region for the global liquefied petroleum gas (LPG) market and expected to grow at the highest CAGR during the forecasted period due to strong government support and adoption for the commercial purpose with surge in population. The drastic market growth is expected to witness in countries such as China, India, and the UAE due to the rapid economic growth because of rise in adoption of domestic and non-domestic purpose LPG cylinders in these countries. According to the Petroleum Planning and Analysis Cell (PPAC) on 1st April 2020, the LPG gas consumer in India has been reached to around 97% compare to 94% in the previous year. India ranks fourth around the globe for biggest importer of natural gas consumption with infrastructure spending for pipeline network was valued around USD 60 billion in 2020.
North America is the second largest region for the growth of LPG market owing to increase in the adoption of these gases for the automobile vehicles with presence of infrastructures of LPG gas stations followed by Europe region. According to the International Energy Agency (IEA), Europe has the highest presence of LPG stations of around 33532 in 2019 with highest number of station in Poland of around 7500.
The global Liquefied petroleum gas (LPG) market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Valero Energy, Philips 66, CNPC, ExxonMobil Corporation, Royal Dutch Shell, Chevron Corp., Reliance Industries Ltd. (RIL), Sinopec, Bharat Petroleum, Petroleos de Venezuelaare the leading market players with significant market share.
Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance on October 2019, The French oil and gas Company Total had been acquired 37.4% share in Adani Gas Ltd for around USD 600 million.