San Francisco, 17 June 2020 — “Liquefied Petroleum Gas (LPG) Market
Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and
Africa), Product, By Application And Segment Forecasts To 2027”
Global Liquefied Petroleum Gas (LPG) Market is expected to reach USD
147.76 billion by 2024. Liquefied Petroleum Gas (LPG) is also termed as liquid
petroleum gas (LP gas) or autogas. It is a flammable hydrocarbon gas comprising
butane, propane, and mixture of these gases. It may be a by-product of crude
oil refining and natural gas processing. The Liquefied Petroleum Gas Market is
estimated to grow at a significant CAGR of 3.6% over the forecast period as the
scope and its applications are rising enormously across the globe.
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The market may be categorized
based on end users like transportation, residential/commercial, industrial,
petrochemical and refinery, and others could be explored in the forecast
period. Residential & commercial sector accounted for the substantial
market share of Liquefied Petroleum Gas (LPG) and is estimated to lead the
overall market in the coming years. This may be because LPG is exclusively used
as a cooking fuel.
Globally, Asia Pacific accounted
for the substantial market share of Liquefied Petroleum Gas (LPG) and is
estimated to lead the overall market in the coming years. The reason behind the
overall market growth could be growing population, high-energy requirement,
affordable as government subsidies on cylinders, and high demand as a cooking
fuel in the region. The developing countries like India and China are the major
consumers of Liquefied Petroleum Gas (LPG) in this region.
This report studies the global Liquefied Petroleum Gas (LPG) market
status and forecast, categorizes the global Liquefied Petroleum Gas (LPG) market size (value & volume) by
manufacturers, type, application, and region. This report focuses on the top manufacturers in United States,
Europe, China, Japan, South Korea and Taiwan and other regions.
This research report offers a
comprehensive analysis of key elements of the Liquefied Petroleum Gas (LPG) Market such as potential top key
Manufacturers along with their strengths and weaknesses. The Liquefied Petroleum Gas (LPG) Market
report also comprises some useful strategies and scenario for the new players
in the market. While forecasting the growth of the global Liquefied Petroleum Gas (LPG) market, various statistical tools
were utilized to get an accurate result of the Demographic data.
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