Global Liquefied Petroleum Gas (LPG) Market Segment Forecasts To 2020 by Grand View Research

Topics: Petroleum, Years in the future, Marketing Pages: 3 (494 words) Published: June 2, 2014
The global market for LPG is expected to reach USD291.42 billion by 2020, according to a new study by Grand View Research, Inc. Increasing population coupled with favorable regulatory support and subsidies are expected to be key driving factors for the market over the next six years. Limited application base is expected to be a challenge for industry participants.

Residential/commercial uses emerged as leading application markets and accounted for 47.3% of total market volume in 2013, followed by chemical usage and accounted for 24.5% of total volume for the same year. LPG demand for autofuel applications is expected to reach 29.11 million tons by 2020, growing at a CAGR of 4.3% from 2014 to 2020.

The report “LPG Market Analysis By Application (Residential/Commercial, Chemical, Industrial, Auto Fuel, Refinery), By Source (Refinery, Associated Gas, Nonassociated Gas) And Segment Forecasts To 2020,” is available now to Grand View Researchcustomers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/liquefied-petroleum-gas-industry

Further key findings from the study suggest:

• The global market for LPG was 261.60 million tons in 2013 and is expected to reach 356.98 million tons by 2020, growing at a CAGR of 4.1% from 2014 to 2020. • Refineries continued to be the largest LPG source market and accounted for 45.4% of total market in 2013. LPG from non-associated gas is expected to be the fastest growing source of LPG at an estimated CAGR of 4.7% from 2014 to 2020. • Associated gas LPG revenue is expected to grow at a CAGR of 3.8% from 2014 to 2020. • Asia Pacific continued its dominance in the global LPG market and accounted for 35.64% of total market volume in 2013. Asia Pacific, along with being the largest market is also expected to be the fastest growing market for LPG, at an estimated CAGR of 5.0% from 2014 to 2020. • The global market for LPG is fragmented within some key companies including Aygez, Bayegan, China...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Global Apheresis Equipment Market Trends & Forecasts 2020: Grand View Research Essay
  • Market Forecast
  • The Global Market for Biosurfactants and Segment Forecast to 2020 Essay
  • Catalyst Market Trends & Forecasts 2014 to 2020: Grand View Research, Inc Essay
  • Global Polyvinyl Chloride (PVC) Market By Product Growth Trends and Forecast 2014 to 2020 by Grand View Research, Inc Essay
  • Essay about A Study on the Liquefied Petroleum Gas in the Philippines
  • Market Forecast
  • Global Audiology Devices Market By Application- Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 to 2020 by Grand View...

Become a StudyMode Member

Sign Up - It's Free
2. Sezon 3. Bölüm Shogun. | Baixar toque para celular | (COMIC1☆7) [Ambivalence (桜海きら)] 明日への力 START:DASH! (ラブライブ!)