The purpose of the report is to illustrate the state of the market of Liquefied Petroleum Gas (LPG), to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.[Continue reading full coverage..]
Asia Pacific is projected to be the key consuming market in global liquefied petroleum gas (LPG) market. Growing demand for cooking gas from residential sector coupled with various government initiatives such as subsidies on LPG cylinder to increase penetration of LPG as cooking fuel in emerging economies such as China and India influencing consumers to replace conventional cooking fuels such as wood, kerosene, coal. Further, increasing demand for LPG auto fuel due to growing awareness about the associated advantages of LPG as fuel in terms of greenhouse gases emission as well as cost-effectiveness of LPG as auto fuel is influencing consumers to adopt LPG as alternative transportation fuel. The region is also projected to witness highest growth over the forecast period (2016-2024).
By Source, natural gas well segment was the most dominant segment in 2015 and anticipated to continue its dominance of over the forecast period. Increasing exploration and production of natural gas reserves along with exploration and production of non-conventional shale gas reserves is anticipated to drive the growth of the segment during the forecast period (2016-2024). However, advancement in technology and growth in capacity expansion of refinery fueling the production of LPG is projected to drive the growth of refinery segment during the forecast period (2016-2024).
[The report is originally published on Credence Research Inc.]
The report on the market of Liquefied Petroleum Gas (LPG) contains:
Analysis and forecast of Liquefied Petroleum Gas (LPG) market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Liquefied Petroleum Gas (LPG) market;
Assessment and forecast of Liquefied Petroleum Gas (LPG) market development;
Financial and business profiles of the leading companies in the Liquefied Petroleum Gas (LPG) industry.