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液化石油ガス（LPG）市場レポート：供給源、用途、供給形態、地域別、2024-2032

Liquefied Petroleum Gas Market Report by Source, Application, Supply Mode, and Region 2024-2032
出版日: | 発行: IMARC | ページ情報: 英文 138 Pages | 納期: 2～3営業日

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=158.97円
液化石油ガス（LPG）市場レポート：供給源、用途、供給形態、地域別、2024-2032
出版日: 2024年03月02日
発行: IMARC
ページ情報: 英文 138 Pages
納期: 2～3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の液化石油ガス（LPG）市場規模は2023年に1,399億米ドルに達しました。今後、IMARC Groupは、2024年から2032年にかけて3.5%の成長率（CAGR）を示し、2032年には1,924億米ドルに達すると予測しています。同市場は、調理、暖房、輸送用のよりクリーンで汎用性の高いエネルギー源としてLPGの採用が増加していること、石油化学産業におけるLPGの原料としての需要が高まっていること、よりクリーンな燃焼燃料の使用を促進する厳しい環境規制が実施されていることなどが要因となって、着実な成長を遂げています。

液化石油ガス（LPG）市場分析：

市場の成長と規模：この市場は、住宅、商業、工業など様々な産業で汎用的に使用されており、世界のエネルギー情勢において重要な役割を担っていることから、安定した成長を遂げています。その市場規模は、よりクリーンなエネルギー源への移行における役割の拡大を反映しています。

厳しい環境規制の実施：世界の厳しい環境規制は、よりクリーンな燃焼燃料の採用を必要とし、より環境に優しいエネルギー源としての市場の重要性を高め、世界の持続可能性の目標に合致しています。

産業用途：市場は、その多様な有用性と様々な産業プロセスへの適応性を反映し、住宅暖房、輸送、農業、石油化学など、多くの産業から高い需要を得ています。

地理的動向：欧州は、住宅暖房や自動車用途でのLPGの積極的な導入に後押しされて市場をリードしており、その導入における地理的動向を示し、同地域のエネルギー転換に貢献しています。

競合情勢：市場は激しい競争を特徴としており、主要プレーヤーは、技術革新と顧客中心戦略を優先しつつ、増大する需要に対応するため、製品提供と世界的プレゼンスの拡大に注力しています。

課題と機会：市場は価格変動などの課題に直面する一方で、新興市場や環境に優しい用途に有望な成長機会もあり、持続可能性が焦点となる中で技術革新と市場成長が促進されます。

将来の展望液化石油ガス（LPG）市場の将来は、その多用途性、よりクリーンなエネルギー源に対する需要の高まり、新興市場での潜在的成長力によって有望視されています。液化石油ガスは、世界のエネルギー転換の取り組みにおいて極めて重要な役割を果たすことになると思われます。

液化石油ガス（LPG）市場の動向：

環境問題の高まりとクリーンエネルギーへの移行

環境問題、特に大気質と温室効果ガス排出に関する世界の環境意識の高まりが、よりクリーンなエネルギー源を求める動きを後押ししているため、環境問題への懸念とクリーンエネルギーへの移行が液化石油ガス（LPG）市場の主要促進要因となっています。このため、石炭や石油など他の化石燃料に比べ、よりクリーンに燃焼する燃料としてLPGの採用が加速しています。LPGは燃焼による有害な汚染物質や炭素の排出が少ないため、さまざまな用途で魅力的な選択肢となっています。二酸化炭素排出量を削減するという国際的なコミットメントに沿って、世界中の政府や産業界は環境に優しいエネルギーソリューションを積極的に模索しています。LPGはこうした持続可能性の目標に沿うもので、住宅暖房、調理、輸送などの用途があります。LPGの利用は大気汚染物質を削減し、気候変動の緩和に不可欠な温室効果ガスの排出削減に貢献します。その結果、環境に配慮したエネルギー源としてLPGの需要が高まっており、よりクリーンで持続可能なエネルギーへの世界の移行においてLPGが重要な役割を果たしていることが明らかになっています。

業種を超えた多目的な用途の増加

LPGは、その多用途性と様々な業界にわたる幅広い用途により、エネルギー情勢において絶大な支持を得ています。住宅分野では、LPGは家庭の暖房や効率的な調理によく使われています。そのクリーンな燃焼特性により、家庭のエネルギーニーズに対して環境に優しい選択肢となっています。住宅用以外にも、LPGは工業プロセスで幅広く利用されており、金属切断、ろう付け、はんだ付けなどの用途で重要な燃料として役立っています。産業部門もまた、暖房、乾燥、フォークリフトやその他の機器の燃料源としてLPGに依存しています。農業分野では、作物の乾燥、害虫駆除、農業機械の動力源として、LPGの適応性の恩恵を受けています。さらに、LPGは輸送、特にフリートや公共交通機関において、自動車の代替燃料として重要な役割を果たしています。このように多様な用途があるため、LPGは多用途で需要の高いエネルギー源として採用が加速し、さまざまな分野で需要が拡大し、市場の成長に大きく寄与しています。

新興市場における急速な経済成長

新興市場とその持続的な経済成長は、液化石油ガス（LPG）の需要を促進する上で極めて重要な役割を果たしています。これらの経済が拡大するにつれて、住宅から工業に至るまで様々な部門に電力を供給するためのエネルギー需要も並行して増加しています。このようなエネルギー需要の高まりには、汎用性が高く手頃な価格のLPGがよく使われます。多くの新興地域、特にアジア、アフリカ、ラテンアメリカでは、LPGが家庭での調理や暖房に好まれるようになり、従来の効率の悪い燃料に取って代わっています。さらに、これらの地域では、製造工程や発電など、さまざまな用途でLPGを利用する企業が増えています。さらに、LPGは持ち運びが可能なため、従来のエネルギー・インフラへのアクセスが限られている遠隔地や非電化地域にとって便利なエネルギー源となっています。アクセスが容易で設置コストが比較的低いため、こうした十分なサービスを受けていない地域のコミュニティや企業のエネルギー・ニーズを満たす理想的なソリューションとなり、市場の成長を後押ししています。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要産業動向

第5章 世界の液化石油ガス（LPG）市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳：供給源別

  • リファイナリー
    • 市場動向
    • 市場予測
  • 関連ガス
    • 市場動向
    • 市場予測
  • 非関連ガス
    • 市場動向
    • 市場予測

第7章 市場内訳：用途別

  • 住宅
    • 市場動向
    • 市場予測
  • 商業
    • 市場動向
    • 市場予測
  • 石油精製と石油化学
    • 市場動向
    • 市場予測
  • 輸送
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第8章 市場内訳：供給形態別

  • パッケージ
    • 市場動向
    • 市場予測
  • バルクとオンサイト
    • 市場動向
    • 市場予測

第9章 市場内訳：地域別

  • 北米
    • 米国
      • 市場動向
      • 市場予測
    • カナダ
      • 市場動向
      • 市場予測
  • アジア太平洋
    • 中国
      • 市場動向
      • 市場予測
    • 日本
      • 市場動向
      • 市場予測
    • インド
      • 市場動向
      • 市場予測
    • 韓国
      • 市場動向
      • 市場予測
    • オーストラリア
      • 市場動向
      • 市場予測
    • インドネシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 欧州
    • ドイツ
      • 市場動向
      • 市場予測
    • フランス
      • 市場動向
      • 市場予測
    • 英国
      • 市場動向
      • 市場予測
    • イタリア
      • 市場動向
      • 市場予測
    • スペイン
      • 市場動向
      • 市場予測
    • ロシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • ラテンアメリカ
    • ブラジル
      • 市場動向
      • 市場予測
    • メキシコ
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 中東・アフリカ地域
    • 市場動向
    • 市場内訳：国別
    • 市場予測

第10章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第13章 価格分析

第14章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • 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
図表

List of Figures

  • Figure 1: Global: Liquefied Petroleum Gas Market: Major Drivers and Challenges
  • Figure 2: Global: Liquefied Petroleum Gas Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Liquefied Petroleum Gas Market: Breakup by Source (in %), 2023
  • Figure 4: Global: Liquefied Petroleum Gas Market: Breakup by Application (in %), 2023
  • Figure 5: Global: Liquefied Petroleum Gas Market: Breakup by Supply Mode (in %), 2023
  • Figure 6: Global: Liquefied Petroleum Gas Market: Breakup by Region (in %), 2023
  • Figure 7: Global: Liquefied Petroleum Gas Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 8: Global: Liquefied Petroleum Gas (Refinery) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 9: Global: Liquefied Petroleum Gas (Refinery) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 10: Global: Liquefied Petroleum Gas (Associated Gas) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 11: Global: Liquefied Petroleum Gas (Associated Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 12: Global: Liquefied Petroleum Gas (Non-Associated Gas) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Liquefied Petroleum Gas (Non-Associated Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Liquefied Petroleum Gas (Residential) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Liquefied Petroleum Gas (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Liquefied Petroleum Gas (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Liquefied Petroleum Gas (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Liquefied Petroleum Gas (Refinery and Petrochemical) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Liquefied Petroleum Gas (Refinery and Petrochemical) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Liquefied Petroleum Gas (Transportation) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Liquefied Petroleum Gas (Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: Global: Liquefied Petroleum Gas (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: Global: Liquefied Petroleum Gas (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: Global: Liquefied Petroleum Gas (Packaged) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: Global: Liquefied Petroleum Gas (Packaged) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: Global: Liquefied Petroleum Gas (Bulk and On-Site) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: Global: Liquefied Petroleum Gas (Bulk and On-Site) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: North America: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: North America: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: United States: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: United States: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 32: Canada: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 33: Canada: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 34: Asia Pacific: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 35: Asia Pacific: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 36: China: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 37: China: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 38: Japan: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 39: Japan: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 40: India: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 41: India: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 42: South Korea: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 43: South Korea: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 44: Australia: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 45: Australia: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 46: Indonesia: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 47: Indonesia: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 48: Others: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 49: Others: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 50: Europe: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 51: Europe: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 52: Germany: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 53: Germany: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 54: France: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 55: France: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 56: United Kingdom: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 57: United Kingdom: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 58: Italy: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 59: Italy: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 60: Spain: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 61: Spain: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 62: Russia: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 63: Russia: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 64: Others: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 65: Others: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 66: Latin America: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 67: Latin America: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 68: Brazil: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 69: Brazil: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 70: Mexico: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 71: Mexico: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 72: Others: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 73: Others: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 74: Middle East and Africa: Liquefied Petroleum Gas Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 75: Middle East and Africa: Liquefied Petroleum Gas Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 76: Global: Liquefied Petroleum Gas Industry: SWOT Analysis
  • Figure 77: Global: Liquefied Petroleum Gas Industry: Value Chain Analysis
  • Figure 78: Global: Liquefied Petroleum Gas Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Liquefied Petroleum Gas Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Liquefied Petroleum Gas Market Forecast: Breakup by Source (in Million US$), 2024-2032
  • Table 3: Global: Liquefied Petroleum Gas Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 4: Global: Liquefied Petroleum Gas Market Forecast: Breakup by Supply Mode (in Million US$), 2024-2032
  • Table 5: Global: Liquefied Petroleum Gas Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Liquefied Petroleum Gas Market: Competitive Structure
  • Table 7: Global: Liquefied Petroleum Gas Market: Key Players
目次
Product Code: SR112024A2773

The global liquefied petroleum gas (LPG) market size reached US$ 139.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 192.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032. The market is experiencing steady growth driven by the increasing adoption of LPG as a cleaner and versatile energy source for cooking, heating, and transportation, rising demand for LPG in the petrochemical industry for use as a feedstock, and the implementation of stringent environmental regulations promoting the use of cleaner-burning fuels.

Liquefied Petroleum Gas (LPG) Market Analysis:

Market Growth and Size: The market is witnessing stable growth, fueled by its versatility and use across various industries, including residential, commercial, and industrial sectors, making it a vital part of the global energy landscape. Its market size reflects its expanding role in the transition to cleaner energy sources.

Implementation of Stringent Environment Regulations: Stringent environmental regulations worldwide necessitate the adoption of cleaner-burning fuels, boosting the market's significance as a greener energy source and aligning with global sustainability goals.

Industry Applications: The market is experiencing high demand from numerous industries, including residential heating, transportation, agriculture, and petrochemicals, reflecting its diverse utility and adaptability to various industrial processes.

Geographical Trends: Europe leads the market, propelled by its proactive embrace of LPG in residential heating and automotive applications, setting geographical trends in its adoption and contributing to the region's energy transition.

Competitive Landscape: The market is characterized by intense competition with key players focusing on expanding their product offerings and global presence to meet the growing demand while prioritizing innovation and customer-centric strategies.

Challenges and Opportunities: While the market faces challenges, such as the price volatility, it also offers lucrative growth opportunities in emerging markets and environmentally friendly applications, fostering innovation and market growth as sustainability becomes a focal point.

Future Outlook: The future of the liquefied petroleum gas (LPG) market looks promising, driven by its versatility, increasing demand for cleaner energy sources, and potential growth in emerging markets. It is poised to play a pivotal role in global energy transition efforts.

Liquefied Petroleum Gas (LPG) Market Trends:

Rising environmental concerns and clean energy transition

Environmental concerns and clean energy transition are major drivers of the liquefied petroleum gas (LPG) market as heightened global awareness of environmental issues, particularly concerning air quality and greenhouse gas emissions, has propelled a collective push toward cleaner energy sources. This has accelerated the adoption of LPG as a cleaner-burning fuel when compared to other fossil fuels like coal and oil. Its combustion releases fewer harmful pollutants and carbon emissions, making it an attractive choice for various applications. In line with international commitments to reduce carbon footprints, governments and industries worldwide are actively seeking eco-friendly energy solutions. LPG aligns with these sustainability goals, finding applications in residential heating, cooking, and transportation. Its utilization reduces air pollutants and contributes to lower greenhouse gas emissions, which is essential for mitigating climate change. As a result, there has been a rise in the demand for LPG as an environmentally responsible energy source, underlining its crucial role in the global transition toward cleaner, more sustainable energy options.

Increasing versatile applications across industries

LPG is gaining immense traction in the energy landscape due to its versatility and extensive range of applications across various industries. In the residential sector, LPG is a popular choice for heating homes and providing an efficient source for cooking. Its clean-burning properties make it an environmentally friendly option for household energy needs. Beyond residential use, LPG finds extensive applications in industrial processes, where it serves as a crucial fuel for applications such as metal cutting, brazing, and soldering. The industrial sector also relies on LPG for heating, drying, and as a fuel source for forklifts and other equipment. Agriculture benefits from LPG's adaptability, employing it for crop drying, pest control, and as a source of power for agricultural machinery. Additionally, LPG plays a vital role in transportation as an alternative fuel for vehicles, particularly in fleets and public transportation. This diverse array of applications has accelerated the adoption of LPG as a versatile and sought-after energy source, augmenting its demand across multiple sectors and contributing significantly to market growth.

Rapid economic growth in emerging markets

Emerging markets and their sustained economic growth play a pivotal role in driving the demand for Liquefied Petroleum Gas (LPG). As these economies expand, there is a parallel increase in energy requirements to power various sectors, from residential to industrial. This heightened energy demand is often met by LPG owing to its versatility and affordability. In many emerging regions, particularly in Asia, Africa, and Latin America, LPG has become a preferred choice for cooking and heating in households, replacing traditional and often less efficient fuels. Additionally, businesses in these areas increasingly rely on LPG for various applications, including manufacturing processes and power generation. Moreover, LPG's portable nature makes it a convenient energy source for remote and off-grid areas, where access to traditional energy infrastructure may be limited. Its accessibility and relatively low installation costs make it an ideal solution to meet the energy needs of communities and businesses in these underserved regions, thus propelling market growth.

Liquefied Petroleum Gas (LPG) Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on source, application, and supply mode.

Breakup by Source:

Refinery

Associated Gas

Non-Associated Gas

Non-associated gas accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the source. This includes refinery, associated gas, and non-associated gas. According to the report, non-associated gas represented the largest segment.

Non-associated gas, typically found independently of oil reservoirs, dominates the LPG market as a primary source. It is obtained from natural gas fields and processed to extract LPG. Non-associated gas offers a significant advantage as a dedicated source of LPG, often yielding higher purity and quality. Its prominence in the market is strengthened by its reliability, efficiency, and lower environmental impact, aligning with the growing demand for cleaner-burning fuels and sustainability efforts. This source ensures a consistent and robust supply of LPG to meet diverse industrial, residential, and transportation needs, making it the dominant driver of the LPG market.

Refineries are a significant source of LPG production, primarily as a byproduct of the crude oil refining process. During refining, LPG is separated from other hydrocarbons and gases through distillation and fractionation processes. Refineries play a crucial role in supplying LPG for numerous domestic, industrial, and commercial applications. They are a consistent and reliable source of LPG, ensuring a stable supply to meet the growing demand for this versatile energy source.

Associated gas, often found alongside crude oil deposits, contributes to LPG production. When oil is extracted, associated gas is released and can be captured and processed to extract LPG. This source is particularly prevalent in oil-rich regions, where associated gas is a valuable resource. It provides an additional supply of LPG, supporting the market's growth and serving as a complementary source to refineries.

Breakup by Application:

Residential

Commercial

Refinery and Petrochemical

Transportation

Others

Residential holds the largest share in the industry

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes residential, commercial, refinery and petrochemical, transportation, and others. According to the report, residential accounted for the largest market share.

Residential applications dominate the market as LPG is extensively used in households for cooking, heating, and as a portable energy source. Its popularity in residential areas stems from its clean-burning properties, convenience, and accessibility, making it a preferred choice for millions of households globally. The reliable supply and versatility of LPG for various household needs solidify its position as a dominant driver in the market.

Commercial establishments, including restaurants, hotels, and industrial kitchens, drive the demand for LPG. It serves as a primary energy source for cooking, heating, and hot water supply in these settings. The versatility of LPG in catering to high-demand commercial operations makes it an essential choice. Furthermore, the efficient combustion and reduced environmental impact of LPG that align with commercial establishments' sustainability goals is supporting the market growth.

The refinery and petrochemical sector plays a crucial role in the market by utilizing LPG as a feedstock and fuel source. LPG is an essential component in various refining processes and petrochemical manufacturing, particularly for producing chemicals, plastics, and as a fuel for industrial operations. The sector's consistent demand for LPG as a versatile and efficient energy source reinforces its position as a key driver in the market.

LPG is also used as an alternative fuel source in transportation, including vehicles and fleets. While its influence on the market is notable, it holds a relatively smaller share compared to residential and commercial applications. LPG-powered vehicles offer reduced emissions and cost-effective transportation solutions, contributing to its escalating demand in specific regions and sectors. While important, the transportation segment is eclipsed by the dominant demand generated by residential applications in the LPG market.

Breakup by Supply Mode:

Packaged

Bulk and On-site

The report has provided a detailed breakup and analysis of the market based on the supply mode. This includes packaged and bulk and on-site.

Packaged LPG supply mode involves distributing LPG in smaller containers, typically cylinders or tanks, for residential, commercial, and small-scale industrial use. It is a fundamental driver of the LPG market, especially in residential applications where cylinders are commonly used for cooking and heating. The packaged supply mode offers convenience, easy distribution, and accessibility, making it an ideal choice for end-users who require portable and manageable quantities of LPG. It caters to a broad customer base, ensuring a steady demand for LPG and contributing significantly to market growth.

Bulk and on-site supply of LPG involves delivering larger quantities of LPG directly to industrial, commercial, and institutional facilities, often stored in large tanks or vessels. This supply mode serves as a crucial driver in the LPG market, particularly for industries with substantial energy requirements. It ensures a consistent and uninterrupted source of LPG, making it essential for manufacturing, petrochemical, and refinery operations. Bulk and on-site supply mode is valued for its efficiency, cost-effectiveness, and reduced logistical complexities, supporting diverse industrial and commercial energy needs.

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Europe leads the market, accounting for the largest liquefied petroleum gas (LPG) market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, Others); Latin America (Brazil, Mexico, Others); and the Middle East and Africa. According to the report, Europe accounted for the largest market share.

Europe dominates the LPG market as a leader in its adoption and usage as countries such as Germany, France, the United Kingdom, and Italy have well-established LPG infrastructure. The heightening focus of Europe on reducing carbon emissions has accelerated LPG adoption, particularly for residential heating and automotive fuel. The region's commitment to sustainability, coupled with extensive LPG distribution networks, positions Europe as a dominant driver in the global LPG market.

North America plays a pivotal role in driving the LPG market as the United States and Canada have well-established LPG infrastructure, and LPG is widely used for residential heating, cooking, and as an automotive fuel. The region also sees significant LPG demand in industrial and agricultural sectors. North America's commitment to cleaner energy sources and the continued expansion of LPG applications in various sectors contribute to its influence in the market.

The Asia Pacific region comprises key countries like China, Japan, India, South Korea, and Australia. Rapid urbanization, population growth, and increasing disposable incomes drive LPG demand in residential and commercial sectors. Additionally, Asia Pacific's industrial and automotive applications for LPG continue to expand, aligning with the region's efforts to adopt cleaner fuels and reduce emissions.

Latin America is a stimulating the growth of LPG market as Brazil and Mexico are witnessing increasing LPG demand for residential cooking and heating, supported by government programs to expand access to LPG in rural areas. Additionally, Latin America's industrial sector employs LPG for various processes, contributing to its significance in driving the market growth.

The Middle East, in particular, represents a significant LPG producer and exporter, supplying LPG to global markets. Local demand is also rising, with LPG being used for cooking, heating, and transportation. Africa, with its expanding population and urbanization, presents opportunities for increased LPG usage, contributing to the region's impact on the global LPG market's dynamics.

Leading Key Players in the Liquefied Petroleum Gas (LPG) Industry:

The key players in the market are actively engaging in various strategies to enhance their market presence and adapt to evolving industry dynamics. These strategies include expanding their LPG production and distribution networks, investing in research and development (R&D) activities to improve LPG-related technologies and applications, and entering strategic partnerships and acquisitions to strengthen their market position. Additionally, many key players are focusing on sustainability by promoting the use of LPG as a cleaner and greener energy source, aligning with global efforts to reduce emissions and combat climate change. They are also exploring new markets, particularly in emerging economies, to tap into growing LPG demand. Overall, these leading industry leadera are committed to ensuring a stable supply of LPG while embracing innovation and sustainability to meet the changing needs of customers and the market.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

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

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

March16, 2023: Exxon Mobil Corporation announced the successful completion of its Beaumont refinery expansion project, which will add 250,000 barrels per day of capacity to one of the largest refining and petrochemical complexes on the United States Gulf Coast. This expansion complements Exxon's growing crude production in the Permian Basin and represents the largest refinery expansion in over a decade.

May 13, 2020: Royal Dutch Shell PLC. invested in a new Nigeria LNG processing unit. Once operational, the new unit would add approximately 8 million tons per annum of capacity to the Bonny Island facility. The existing capacity ranges from 22 million to 30 million tons per annum. This joint venture primarily involves the Nigerian National Petroleum Corporation (NNPC) with a 49% stake, Royal Dutch Shell plc at 25.6%, Total at 15%, and ENI at 10.4%.

May 4, 2020: Origin Energy Limited acquired a 20% stake in the O.K.-based Octopus Energy, an energy technology group. This strategic acquisition includes a valuable license for Origin to deploy Octopus Energy's innovative technology platform, Kraken, within the Australian market.

Key Questions Answered in This Report

  • 1. What was the size of the global liquefied petroleum gas (LPG) market in 2023?
  • 2. What is the expected growth rate of the global liquefied petroleum gas (LPG) market during 2024-2032?
  • 3. What are the key factors driving the global liquefied petroleum gas (LPG) market?
  • 4. What has been the impact of COVID-19 on the global liquefied petroleum gas (LPG) market?
  • 5. What is the breakup of the global liquefied petroleum gas (LPG) market based on the source?
  • 6. What is the breakup of the global liquefied petroleum gas (LPG) market based on the application?
  • 7. What are the key regions in the global liquefied petroleum gas (LPG) market?
  • 8. Who are the key players/companies in the global liquefied petroleum gas (LPG) market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Liquefied Petroleum Gas (LPG) Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Source

  • 6.1 Refinery
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Associated Gas
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Non-Associated Gas
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup by Application

  • 7.1 Residential
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Commercial
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Refinery and Petrochemical
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Transportation
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Others
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast

8 Market Breakup by Supply Mode

  • 8.1 Packaged
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Bulk and On-Site
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Bharat Petroleum Corporation Limited
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 BP P.L.C.
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Chevron Corporation
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 China Gas Holdings Ltd.
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
    • 14.3.5 Exxon Mobil Corporation
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 Origin Energy Limited
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 Petroliam Nasional Berhad
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 SWOT Analysis
    • 14.3.8 Phillips 66 Company
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
      • 14.3.8.4 SWOT Analysis
    • 14.3.9 Repsol S.A.
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
    • 14.3.10 Royal Dutch Shell PLC
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
    • 14.3.11 Valero Energy Corporation
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
      • 14.3.11.4 SWOT Analysis