- This research study analyzes the LPG market in terms of income and size. It covers the worldwide market of LPG with sales forecasts and revenue estimates from year 2014 to 2020. Analysis of LPG Market is carried out by using tools such as Porter’s five force analysis and value chain analysis. The study also discusses the dynamic as well as hindering factors that affect the expansion and growth of LPG market.
For Market Research Report on “Liquefied Petroleum Gas (LPG) Market” Visit – http://www.grandviewresearch.com/industry-analysis/liquefied-petroleum-gas-industry
Market of LPG has been sub-divided depending upon the resource, customer and demographic location. Demand and supply for LPG market is displayed separately in order to give a holistic outlook of the market study. A complete competitive background has been inculcated in the report that covers the details of those companies who are into LPG business. This report also includes market attractiveness analysis for all application sectors of the LPG market.
Company market share analysis with organization profiles of the main competitors in the LPG market is provided. Character Sketches of nine main organizations are included in the study as per the requirements of the clients. The company profiles offers information like organization overview, fiscal policy, business strategy adopted by organizations, SWOT analysis and current changes. The major competitors possessing large market share in the LPG market include Royal Dutch Shell, Exxon Mobil, BP Plc, Chevron corporation and Sinopec among others.
Global LPG demand is mainly driven by the government business policies to boost the consumption of LPG as auto gas and cooking gas. Rise in number of auto gas vehicles in developed countries like Poland, Singapore, South Korea and Turkey is expected to increase the LPG market consumption in future. Due to cost and ecological advantages, demand of LPG is expected to increase in auto fuel, residential and commercial sectors.
The research report analysis the LPG market across five demographics: Europe, Asia- Pacific, North America, Latin America, Middle East and Africa. Regional Data for each sub-division has been displayed. It consists of both demand and production of LPG.
Largest share of LPG is manufactured from refining of crude oil. Other sources of manufacturing LPG are from associated gas processing and non-associated gas. Natural gas has emerged as a commercially source of LPG production, and has been included in the non-associated gas division. The Middle East is the largest manufacturer of LPG where most of its manufacture coming from the non-associated gas division. The non-associated gas section is likely to show the most attractive growth rate for LPG production in near future.
LPG use is maximum in the commercial and residential markets. It was observed that the Consumption of LPG was highest in Asia-Pacific regions in year 2014 with countries such as China and India contributing significantly to LPG consumption. LPG is mostly used in the residential and commercial sector as a cooking fuel. Other uses include heating and lighting with auto gas being the fastest growing end user application of LPG. Both European countries and certain countries like India and china of the Asia-Pacific have shown strong adoption for auto gas in the past. Large petrochemical complexes designed in China, India and the Middle East countries are likely to boost consumption of LPG as feedstock. A great surge in LPG consumption by the midstream division is likely to be seen in years to come.
Scope of the LPG Market Study Report
LPG Market: Source Analysis
- Non-Associated Gas
- Associated Gas
LPG Market: End User Analysis
- Chemical Industries
- Auto Gas
- Residential and Commercial Sectors
- Industrial Sectors
- Others that include aerosol, agriculture sector and refrigerant
LPG Market: Regional Analysis
- European Region
- North America
- Asia Pacific Region
- Middle East
- Latin America
Information Source: Grand View Research
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