Liquefied Petroleum Gas Market Poised to Expand at a Robust Pace by 2030

1. Liquefied Petroleum Gas Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2030 ©2019 Transparency Market Research, All Rights Reserved

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3. Mounting Environmental Concerns and High Adoption from Domestic Sector Likely to Propel Market Growth 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 so as to meet the increasing demand. Based on end user, the residential/commercial segment accounted for a dominant share of the global liquefied petroleum gas market in 2019. This can be primarily ascribed to increase in urbanization and modernization. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

4. Key Drivers of Liquefied Petroleum Gas Market • Increasing demand for liquefied petroleum gas from developing countries is estimated to boost the global liquefied petroleum gas market during the forecast period. • Industrialization and urbanization have increased significantly across the globe over the last few years. • However, the flow of investments has shifted from developed nations toward developing countries, due to lower costs of infrastructure and labor.

5. Asia Pacific Offers Lucrative Opportunities to Liquefied Petroleum Gas Market Asia Pacific is anticipated to be a highly attractive region of the global liquefied petroleum gas market during the forecast period. The market in Asia Pacific is estimated to expand at a significant pace between 2020 and 2030, as the oil & gas industry in the region is booming led by rising population. The demand for oil & gas is rising especially in China, India, and Japan. Furthermore, investments in the modernization and urbanization in the region are rising. This, in turn, is estimated to drive the demand for liquefied petroleum gas in Asia Pacific during the forecast period. ©2019 Transparency Market Research, All Rights Reserved

6. Competition Landscape of Liquefied Petroleum Gas Market British Petroleum plc ExxonMobil Corporation Royal Dutch Shell plc UGI Corporation Kleenheat Gas Pty Limited ©2019 Transparency Market Research, All Rights Reserved

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