Global Liquefied Petroleum Gas (LPG) Market 2019-2023

Global Liquefied Petroleum Gas (LPG) Market 2019-2023

  • January 2019 •
  • 127 pages •
  • Report ID: 5729094 •
  • Format: PDF
About this market
Technological advances to drive growth in the market. With the rising popularity of LPG as an efficient fuel, there have been several technological developments being carried out globally to make the use of LPG convenient and cost-effective. Technavio’s analysts have predicted that the liquefied petroleum gas market will register a CAGR of almost 3% by 2023.

Market Overview
Increasing government support for LPG adoption
With the rise in focus on reducing GHG emissions and ensuring sustainable energy for all, the use of LPG has been growing globally across various sectors. To further boost the adoption of LPG, there has been significant support from the government in the form of initiatives and subsidies.
Infrastructural challenges
To use LPG as a source of energy. several infrastructural developments are required. However, several countries lack the requisite infrastructure,thus limiting the adoption of LPG.
For the detailed list of factors that will drive and challenge the growth of the liquefied petroleum gas market during the 2019-2023, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Saudi Arabian Oil and The Linde Group the competitive environment is quite intense. Factors such as the rising technological advances and the increasing government support for LPG adoption, will provide considerable growth opportunities to liquefied petroleum gas manufactures. ExxonMobil, Indian Oil, Royal Dutch Shell, Saudi Arabian Oil, and The Linde Group are some of the major companies covered in this report.