Global Liquefied Petroleum Gas (LPG) Market Witnessed To Grow With A CAGR of 4.5% Over 2016-2020

Date: 2016-09-26

Various benefits such as low cost, low carbon emission and other operational benefits are expected to push the global demand for Liquefied Petroleum Gas (LPG), according to research, Liquefied Petroleum Gas (LPG) expected to show substantial growth and is expected to grow at a CAGR of 4.5%, in terms of revenue from 2016 to 2020.

Global upsurge of environment concern and rising awareness of healthy living condition are main initiative to promote the use of LPG as an auto fuel, especially in developing regions, are expected to boost the global market. Governments of major emerging economies such as India, Thailand, Turkey, Indonesia and other countries have been taking initiatives to promote the use of LPG in domestic applications such as cooking and space heating. 

On the basis of various applications, the residential/commercial sector emerged as the key market segment and accounted for more than 42% of the total share in 2015. As well as being the biggest segment, residential/commercial is also expected to be the fastest growing application for LPG, followed by auto fuel application.

Geographically, Asia Pacific dominated market and accounted for 38% of the global demand in 2015, according to research, the Asia Pacific is also expecting to grow at fastest CAGR with a 5.2% over 2016-2020, and the region followed by North America, and Europe that together accounted for 38.9% of the overall market. LPG consumption is also expected to increase in the Middle East and Africa owing to growth in petrochemical sector, where it is used as feed stock.

Liquefied Petroleum Gas (LPG) market share by region following:


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520

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