50 likes | 76 Views
Liquefied Petroleum Gas Market, LPG Market, Global LPG Market, Global LPG Industry, Liquefied Petroleum Gas Industry, Liquefied Petroleum Gas Market Share, Liquefied Petroleum Gas Market Size, Liquefied Petroleum Gas Market Analysis, Liquefied Petroleum Gas Market Forecast, LPG Market News
E N D
Transparency Market Research Liquefied Petroleum Gas (LPG) Market (Source - Refinery, Associated Gas, and Non-Associated Gas; End User - Residential/Commercial, Petrochemical and Refinery, Industrial) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 Published Date 2014-09-05 119 Page Report Request Sample Buy Now Press Release Global Liquefied Petroleum Gas (LPG) Market’s Future Lies in Non-Associated Gas, Expected to reach US$299.05 bn by 2020 Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
Liquefied Petroleum Gas (LPG) Market REPORT DESCRIPTION Global Liquefied Petroleum Gas Market: Snapshot The global liquefied petroleum gas (LPG) market demonstrates a fragmented and competitive vendor landscape due to the presence of a large number of players. The entry of new players is likely to intensify the competition in the market in the upcoming years. Key players in the market are focusing hard on branding and market positioning to stay ahead in the competition. Mergers and acquisitions and expansion of retail and distribution outlets are some other growth strategies that players in this market have resorted to. Browse Market Research Report: http://www.transparencymarketresearch.com/liquefied-petroleum-gas-market.html One of the key growth drivers of the global LPG market is the ubiquitous usage of LPG as a cooking fuel in a number countries in Asia Pacific, Africa, and Latin America. The residential and commercial segment, primarily for cooking purpose, accounted for more than 60% of overall consumption of LPG in 2013. The increasing use of LPG as a transportation fuel, predominantly in Europe and the increasing use of LPG as a feedstock in petrochemical refineries is also having a positive bearing on this market. A report by Transparency Market Research predicts the global LPG market to expand at a CAGR of 3.40% between 2014 and 2020, for the market to become worth US$299.05 bn by the end of 2020 increasing from US$ 233.83 bn in 2013. 2 Transparency Market Research
Liquefied Petroleum Gas (LPG) Market Residential and Commercial End-use Segment to Remain Significant The segments of the global LPG market depending upon source are refineries, non-associated gas, and associated gas. Amongst all, the segment of non-associated gas is expected to hold the leading share of the market over the forecast period. In terms of end-use, the segments into which the global LPG market is divided are petrochemical and refinery, transportation, residential and commercial, industrial, and others. Of them, the segment of residential and commercial led in 2013 with a share of over 60% in the market. LPG is majorly used as a cooking fuel and also for lighting and eating in the residential and commercial segment. Get accurate market forecast and analysis on the Liquefied Petroleum Gas (LPG) market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=491 Expansion of Trade Routes Makes North America Significant Export Market From a geographical standpoint, the global LPG market is divided into: North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America. Asia Pacific, among all, is expected to lead in terms of consumption accounting for 36.90% of the overall market by 2020. The growth of the region is driven by high consumption of LPG in China and India. Besides this, development of shale gas in China will lead Asia Pacific to emerge as a significant market for LPG production. 3 Transparency Market Research
Liquefied Petroleum Gas (LPG) Market North America is expected to emerge as a significant region for LPG production over the forecast period. The shale gas boom in the U.S. has led the country to account for significant export of LPG. In addition, the extension of the Panama Canal leading to its heavy use for movement of gas carrying vessels from North America is having a positive influence on this regional market. The surplus production from the U.S. routed through Latin America is benefitting countries in these regions for commercial and residential demand for LPG. This is also benefitting Asia Pacific for cheap imports of LPG from the U.S., and giving an increased competition for export from the Middle East. Key players operating in the global LPG market include SHV Energy N.V., Copagaz Distribuidora De Gas S.A., Repsol S.A., Kleenheat Gas Pty Ltd, China Gas Holdings Ltd., Royal Dutch Shell plc, Origin Energy, UGI Corp., British Petroleum plc, and Exxon Mobil Corp. About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. 4 Transparency Market Research
Liquefied Petroleum Gas (LPG) Market Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/ 5 Transparency Market Research