Liquefied Petroleum Gas Market Size & Share to Surpass $$243.4 billion by 2030, Exhibiting a CAGR of 6.5% | Repsol, Kleenheat
The liquefied petroleum gas market size was valued at $130.1 billion in 2020, and is projected to reach $243.4 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030.Liquefied petroleum gas (LPG) is obtained from compression and cooling of two gases named propane and butane, which are formed from oil wells. Liquefied petroleum gas is mostly used as fuel for cooking, heating, and transportation fuel. LPG is nontoxic, non-corrosive, and clean as compared to gasoline.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-sample/481
Significant development of the end-use industries such as oil & gas, food & beverages, manufacturing, construction, and transportation is fueling the growth of the liquefied petroleum gas market during the forecast period. In addition, advantages associated with liquefied petroleum gas such as clean burning, low maintenance, eco-friendly, and instant heat production is driving the growth of the market, globally. However, disadvantages associated with LPG such as hazardous, more consumption, high cost than CNG, higher ignition temperature, and high installation cost of refineries are the key factors hampering the growth of the global market in the upcoming years.
Depending on the source, non-associated gas segment held the highest market share of about 52.4% in 2020, and is expected to maintain its dominance during the liquefied petroleum gas market forecast period. This is attributed to rise in production of liquefied petroleum gas from non-associated gas source, which is extracted from natural gas wells. In addition, rise in demand for LPG from various domestic and industrial applications is anticipated to fuel the growth of the market from 2021 to 2030.
๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐๐ง ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/1b03a63206109ec58fb9c6ff7432df46
On the basis of application, residential segment holds the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to rise in demand for liquefied petroleum gas from residential applications such as space & water heating, cooking, and power generation. In addition, it provides benefits such as cost-effectiveness, energy efficiency, and eco-friendly, which further drive the market growth in the coming years.
Region wise, the market is analyzed across four major regions such as North America, Europe, Asia-Pacific, and LAMEA. Europe garnered the highest growth rate during the forecast period. This is attributed to the presence of key players and huge consumer base in the region.
In addition, liquefied petroleum gas is gaining importance in the construction, food & beverages, manufacturing, residential, agriculture, and transportation industries in the region, owing to government initiatives toward reducing carbon emissions and aim of European Union to be climate neutral by 2050, which, in turn, is expected to augment the growth of the liquefied petroleum gas market in the Europe during the forecast period.
The global market analysis covers in-depth information of the major liquefied petroleum gas industry participants.
๐๐ ๐ฒ๐จ๐ฎ ๐ก๐๐ฏ๐ ๐๐ง๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ, ๐๐ฅ๐๐๐ฌ๐ ๐๐๐๐ฅ ๐๐ซ๐๐ ๐ญ๐จ ๐๐จ๐ง๐ญ๐๐๐ญ ๐จ๐ฎ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐ญ: https://www.alliedmarketresearch.com/connect-to-analyst/481 ๏ปฟ
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ: operating and profiled in the report include Saudi Arabian Oil Co., China Gas Holdings Ltd., Chevron Corporation, Bharat Petroleum Corporation Limited (BPCL), FLAGA GmbH, Repsol, Kleenheat, Total SE, Reliance Industries Limited, and Exxon Mobil Corporation.
Other players operating in the value chain of the global liquefied petroleum gas market are JGC Holdings Corporation, Royal Dutch Shell Plc., PETRONAS, PetroChina Company Limited, and Qatargas Operating Company Limited.
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ญ๐ฎ๐๐ฒ:
In 2020, the non-associated gas segment accounted for about 52.4% of the share in the global LPG market, and is expected to maintain its dominance till the end of the forecast period.
In 2020, the associated gas segment garnered 22.5% liquefied petroleum gas market share in the year 2020, and is anticipated to grow at a rate of 7.0% in terms of revenue.
Industrial is the fastest growing application segment in the global liquefied petroleum gas market, expected to grow at a CAGR of 8.4% during 2021-2030.
Europe is expected to grow at the fastest rate, registering a CAGR of 7.5%, throughout the forecast period.
In 2020, LAMEA dominated the global liquefied petroleum gas (LPG) market with more than 35.9% of the share, in terms of revenue
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Allied Market Research is market research, consulting, and advisory firm of Allied Analytics LLP. Founded in 2013, the firm has been instrumental in offering high-quality syndicated and customized market research reports, consulting services, and useful insights to leading market players, startups, investors, and stakeholders. Driven by the aim to eliminate sub-standard data and become a successful partner for organizations, Allied Market Research has been innovating continuously, expanding the product & service portfolio, and implementing the client-first approach since its inception. With the clientele spanning more than 7,000 organizations that also include a majority of Fortune 500 companies, AMR has a proven track record of helping and serving the global clientele and playing a major role in their success.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Liquefied Petroleum Gas Market Size & Share to Surpass $$243.4 billion by 2030, Exhibiting a CAGR of 6.5% | Repsol, Kleenheat here
News-ID: 3503014 • Views: โฆ
More Releases from Allied Market Research (AMR)
Japan wired charging market to grow from $0.8 billion in 2020 to $1.2 billion by โฆ
The Japan wired charging market size was valued at $0.8 billion in 2020, and is projected to reach $1.2 billion by 2030, growing at a CAGR of 3.8% from 2021 to 2030.
Wired charging plays an important role in the daily lives of human beings, as everyone is surrounded by chargeable gadgets. Rise in demand for mobile & laptops in this decade led to increase in demand for wired chargers, whichโฆ
Surge Protector Market to grow from $3.9 billion in 2020 to $6.8 billion by 2030 โฆ
The Global Surge Protector Market size was valued at $3.9 billion in 2020 and is anticipated to generate $6.8 billion by 2030. The market is projected to experience growth at a CAGR of 5.4% from 2021 to 2030.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
https://www.alliedmarketresearch.com/request-sample/A14994
Power surge protector is designed to protect electrical appliances from voltage spikes. These protectors limit voltage supplied to an electric device by either blocking or shorting any unwantedโฆ
Mobile Battery Market to Reach $38.6 Billion by 2030 with 6.3% CAGR By Top Key P โฆ
The mobile battery market size was valued at $21.2 billion in 2020, and is projected to reach $38.6 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030. Mobile batteries are the batteries used to provide electric power to mobile phones for their operations.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-sample/A15475
Mobile phones or smartphones have become the most integral part of everyday life. Mobile phones are notโฆ
Yeast Flakes Market Surges: Global Revenue Expected to Reach $1.45 Billion by 20 โฆ
According to a new report published by Allied Market Research, titled, "Yeast Flakes Market by Form and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030,"
๐๐๐ญ ๐
๐ฎ๐ฅ๐ฅ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ : https://www.alliedmarketresearch.com/request-sample/16262
๐๐ฑ๐๐ข๐ญ๐ข๐ง๐ ๐๐๐๐๐ซ ๐๐ฅ๐๐ซ๐ญ! ๐ ๐๐๐ญ ๐ ๐๐๐ฌ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐๐จ๐ฎ๐ซ ๐๐๐ฑ๐ญ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐! ๐๐ฎ๐ฒ ๐ง๐จ๐ฐ ๐๐ง๐ ๐ญ๐๐ค๐ ๐๐๐ฏ๐๐ง๐ญ๐๐ ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ฅ๐ข๐ฆ๐ข๐ญ๐๐-๐ญ๐ข๐ฆ๐ ๐จ๐๐๐๐ซ. ๐๏ธ
The global yeast flakes market size was valued at $610.2 million in 2020, and is projectedโฆ
More Releases for Liquefied
Liquefied Natural Gas Market (CAGR of 5.00%) 2030: Liquefied Natural Gas Industr โฆ
According to ChemAnalyst report, "Liquefied Natural Gas Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Market Analysis, 2015-2030", Liquefied Natural Gas (LNG) market has witnessed significant growth as it reached 390 million tonnes in 2020 and is anticipated to achieve a healthy global CAGR of 5.00% in the forecast period until 2030. Due to rapid industrialization and urbanization, the demand ofโฆ
LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market 2022 | Deta โฆ
The research reports on โLNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Marketโ report gives detailed overview of factors that affect global business scope. LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this reportโฆ
Liquefied CO2 Market To Scintillate From 2019-2029
Liquefied CO2 Market: Introduction
Liquefied CO2 is also referred to as a cryogenic liquid which is colourless, odourless and non-flammable liquid. Liquefied CO2 transforms into a crystalline structure when it is discharged from its container. Liquefied CO2 is inert and stable under atmospheric conditions and is slightly acidic in nature. Liquefied CO2 is extracted from various types of sources such as hydrogen plants and ammonia in its purified and liquefied form.โฆ
Liquefied Petroleum Gas Market, Global Industry Report, 2030
Albany, NY - Liquefied Petroleum Gas Market: Introduction
The global liquefied petroleum gas market was valued at ~US$ 185 Bn in 2019 and is anticipated to expand at a CAGR of ~5% during the forecast period. Among sources, the refinery segment dominated the global liquefied petroleum gas market in 2019, as refineries is a major source of liquefied petroleum gas worldwide. Moreover, investments in oil and gas refineries are rising soโฆ
Liquefied Petroleum Gas Market, Global Industry Report, 2030
Albany, NY - Liquefied Petroleum Gas Market: Introduction
The globalย liquefied petroleum gas marketย was valued at ~US$ 185 Bn in 2019 and is anticipated to expand at a CAGR of ~5% during the forecast period. Among sources, the refinery segment dominated the global liquefied petroleum gas market in 2019, as refineries is a major source of liquefied petroleum gas worldwide. Moreover, investments in oil and gas refineries are rising so as toโฆ
Global Liquefied Natural Gas Growth Potential Report 2019
Summary
Liquefied Natural Gas Market status and forecast, categorizes the global market size (value & volume) by key players, type, application, and region.
The Report provide in-depth analysis and the best research material of the various market. This new report on the Globalย Liquefied Natural Gas Marketย is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by researchโฆ