Published By: Syndicate Market Research
Liquefied Petroleum Gas (LPG) Market –Global Industry Perspective,
Comprehensive Analysis and Forecast, 2014 – 2020
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Liquefied Petroleum Gas Market
Liquefied petroleum gas (LPG) is a combustible mix of hydrocarbon gases. LPG is directed as fuel in
heating appliances, vehicles, aerosol propellant, refrigerant and cooking equipment, etc. LPG is also
referred as propane or butane. LPG offers several benefits such as low cost, low carbon emission and
other operational benefits. LPG can be employed as a feedstock in petrochemical and refinery
complexes and usually used as substitute to naphtha.
LPG demand is primarily driven by government initiatives to increase consumption of LPG as cooking
fuel and auto fuel. Growing adoption of auto gas especially in Asia Pacific region is estimated to augment
demand for LPG demand over the forecast period. However, the volatility of crude oil prices is major
factor that will hamper market growth. Furthermore, Panama Canal expansion and shale gas production
in the Asia-Pacific and Latin American regions will open new doors for LPG market.
The LPG market has been segmented based on source such as refinery, associated gas and nonassociated gas. It is also segmented on the basis of end-user such as residential/commercial,
petrochemical and refinery, industrial, transportation and others. The study provides forecast and
estimates for each source segment and end-user in terms of revenue and volume during the forecast
period.
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Liquefied Petroleum Gas Market
Value chain analysis and Porter’s Five Forces Model have been provided for a comprehensive...