Transparency Market Research has released a new market report titled “Liquefied Petroleum Gas (LPG) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.” According to the report, the global LPG market was valued at USD 233.83 billion in 2013 and is anticipated to reach USD 299.05 billion in 2020, expanding at a CAGR of 3.4% from 2014 to 2020.

Browse the full Liquefied Petroleum Gas Market report at http://www.transparencymarketresearch.com/liquefied-petroleum-gas-market.html

Liquefied petroleum gas (LPG) is a mixture of propane and butane which finds applications in multiple end user segments. LPG is primarily used by the residential and commercial segment. Within this segment, LPG is majorly used as a cooking fuel, although other uses include heating and lighting. In 2013, the residential and commercial segment was the largest consumer of LPG, accounting for over 60% of the global consumption. The Autogas segment is likely to be one of the fastest growing end user markets of LPG within the forecast period. Attractive environmental benefits of using Autogas coupled with smaller payback periods for adopters are resulting in rapid adoption of LPG as a transportation fuel. Another attractive end user segment for LPG is likely to be the refinery and petrochemical segment. Large petrochemical complexes being planned around the world are likely to contribute to increased LPG consumption in certain regions.

Liquefied Petroleum Gas Market LPG is produced through refineries, non-associated gas, and associated gas. LPG production from crude oil refining occupied the maximum market share at 41% in 2013. This was followed by the non-associated gas and associated gas categories in that order. Amidst refinery shutdowns in Europe, the refinery sector in Asia-Pacific and Russia is likely to contribute to the maximum growth in LPG production from this segment. The non-associated gas category is likely to account for the fastest growth rates in LPG production within the forecast period. Rapid exploration and production activities of gas wells both in the Middle East and Russia is likely to contribute further to this fact. LPG production from shale gas has also been accounted for within the non-associated gas category, which is further enhancing growth in this segment.
n terms of LPG production, the Middle East was the largest producer in 2013 with almost 33% of the global market share. However in terms of LPG consumption, Asia-Pacific emerged as the market leader with over 35% of market share in 2013. Large populations in Asia-Pacific, Latin America and Africa are likely to contribute to the growth of LPG consumption in the residential and commercial segments. Large petrochemical complexes planned in the Middle East are likely to account for the maximum LPG consumption for the region in the future. A similar scenario is likely to be observed in China which has large petrochemical capacity additions planned within the forecast horizon. For the Autogas segment, Europe and certain countries in Asia-Pacific are likely to remain the most attractive markets. Opportunities such as the expansion of the Panama Canal and a possible shale gas revolution in China by the end of 2016 can significantly alter the dynamics of the LPG industry. The report has analyzed companies responsible for LPG production as well as those involved in distribution and retailing of LPG.



LPG Market: Source Analysis

Refinery
Associated Gas
Non-Associated Gas

LPG Market: End User Analysis

Residential/Commercial
Petrochemical and Refinery
Industrial
Transportation
Others

LPG Market: Regional Analysis
North America
Europe
Asia-Pacific
Middle East & Africa
South & Central America

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