Chemical

Liquefied Petroleum Gas Market Forecast and Trends Analysis Research Report 2020-2027

The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with market drivers, restraints, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.

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Key Drivers of the Liquefied Petroleum Gas Market:

The global liquefied petroleum gas market is anticipated to witness strong demand during the forecast period. This is attributed to the rising adoption of liquified petroleum gas across various application areas, including residential and commercial areas, followed by the increasing number of government initiatives and subsidies for the adoption of LPG at the global level. Additionally, the numerous remarkable benefits related to the usage of liquefied natural gas such as higher calorific value, decreases pollution, improves reliability as compared to the other fuels, high portability, and convenience, are certain factors that will attract many end-users into the market.

The increasing inclination of customers towards using clean energy as it emits low greenhouse gas emissions, along with the implementation of sustainable energy strategies and continuous technological advancements in the LPG industry is further surging the growth of the liquefied natural gas industry. In addition to this, the growing rate of population and urbanization has resulted in an increase in the demand for LPG. However, certain factors that are hampering the growth of the global liquefied natural gas market include the high cost of LPG and the increasing safety concerns.

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This report splits the market as follows:

By Source Type:

  • Associated Gas
  • Refineries
  • Non-Associated Gas

By Application:

  • Chemical
  • Residential/Commercial
  • Auto Fuel
  • Industrial
  • Refineries
  • Others

By Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

Competitive Landscape:

The Liquefied Petroleum Gas Market report also scans the competitive landscape and profiles the major players operating in the market, including Exxon Mobil Corporation, Bharat Petroleum Corporation Limited, Chevron Corporation, China National Petroleum Corporation, Royal Dutch Shell, China Petroleum & Chemical Corporation, Petroliam Nasional Berhad (PETRONAS), Phillips 66 Company, Valero Marketing and Supply Company, and Qatar Petroleum, among others.

About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.

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