1 Updates

Global Liquefied Petroleum Gas (LPG) Market is Expected to Reach USD 266.41 Billion in 2018: Transparency Market Research

Aug 18 2013, 3:13am CDT | by PR.com

Transparency Market Research Report Adds "Liquefied Petroleum Gas (LPG) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 – 2018" to its database.

Albany, NY, August 18, 2013 --(PR.com)-- Transparency Market Research published a new market report "Liquefied Petroleum Gas (LPG) Market (Refinery, Associated Gas and Non-Associated Gas) for...

Filed under: news

Full Story below YouTube Videos

 
 

 

34 weeks ago

Global Liquefied Petroleum Gas (LPG) Market is Expected to Reach USD 266.41 Billion in 2018: Transparency Market Research

Aug 18 2013, 3:13am CDT | by PR.com

Transparency Market Research Report Adds "Liquefied Petroleum Gas (LPG) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 – 2018" to its database.

Albany, NY, August 18, 2013 --(PR.com)-- Transparency Market Research published a new market report "Liquefied Petroleum Gas (LPG) Market (Refinery, Associated Gas and Non-Associated Gas) for Residential/Commercial, Chemical, Industrial, Auto Fuel, Refineries and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018," the global LPG market was valued at USD 210.07 billion in 2011 and is expected to reach USD 266.41 billion by 2018, growing at a CAGR of 4.0% over the forecast period from 2012 to 2018. In terms of volume, LPG demand was 252.50 million tons in 2011 and is expected to reach 327.19 million tons by 2018, growing at a CAGR of 3.8% over the forecast period from 2012 to 2018.

Browse the full report athttp://www.transparencymarketresearch.com/liquefied-petroleum-gas-market.html

Owing to cost benefits offered by LPG over other conventional fuels such as gasoline and diesel, has resulted in enhanced demand for autogas vehicles, further leading to increase in LPG consumption on a global scale. Environmental benefits of LPG, such as low carbon emissions and cost and operational benefits, is expected to drive market demand over the forecast period. However, fluctuations in crude oil prices and downstream derivatives, coupled with high transportation costs is expected to hinder LPG market growth.

Refineries were the largest source of LPG, accounting for over 45% of total demand in 2011. LPG source varies with region, as demand for LPG in North America is met mainly from natural gas whereas; Asia Pacific is primarily dependent on refineries for LPG production. The global demand for LPG derived from associated gas is expected to reach 83.28 million tons by 2018. Increasing development in Natural Gas Liquids (NGL) production in North America is expected to boost the LPG market.

Residential/commercial sector dominated the LPG market and accounted for 47% of total consumption in 2011. Growing use of LPG as a fuel in cooking and space heating is expected to drive the market over the next five years. It is also expected to be the fastest growing segment at a CAGR of 4.5% from 2012 to 2018. Auto fuel segment is expected to show significant growth at an estimated CAGR of 4.4% from 2012 to 2018. Growth in auto gas demand in countries such as Turkey, South Korea and Poland are expected to contribute to its global demand. Petrochemical industry is expected to continue absorbing the price sensitive demand of LPG in the near future, owing to rapid petrochemicals capacity addition mainly in Middle East and Asia Pacific.

Asia Pacific emerged as the leading consumer of LPG and accounted for 35% of the global demand in 2011. Asia Pacific is also expected to be the fastest growing market at an estimated CAGR of 4.8% from 2012 to 2018. The growing consumption of LPG (autogas) as an automobile fuel in Thailand, South Korea, Japan and Australia is also expected to boost its demand over the forecast period. North America and Europe together accounted for 38.9% of the global market in 2011.

The global LPG market is highly fragmented and includes numerous companies almost having equal market share. However, in terms of numbers, top four companies in the market accounted for 18.1 % of the global production in 2012. British Petroleum Plc, Chevron Corporation, China National Petroleum Corporation, Exxon Mobil Corporation and Phillips 66 are key players among others.

The report segments the global LPG market as:
LPG Market: Source Analysis,

Refineries
Associated gas
Non-associated gas

LPG Market: Application Analysis,

Residential/commercial
Chemical
Industrial
Auto fuel
Refineries
Other (including agriculture, refrigerant, aerosol, etc.)

LPG Market: Regional Analysis,

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Contact Information:
Transparency Market Research
Sheela Ak
+1-518-618-1030
Contact via Email
http://www.transparencymarketresearch.com
90 State Street,
Suite 700,
Albany, NY - 12207
United States

Read the full story here: http://www.pr.com/press-release/510427

Press Release Distributed by PR.com

Source: PR.com

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

5 features an Amazon phone might offer
NEW YORK (AP) — Rumors of an Amazon smartphone reached a fever pitch this week, with the Wall Street Journal reporting that the device could be due out this year. Amazon hasn't confirmed that it has plans...
 
 
Why Drink Organic, Biodynamic And Sustainable Wines For Earth Day?
Six Organic Wines To Try Now Talking about organic wine is surprisingly complicated. When I set out to write this column I planned on rounding up some organic producers, tasting some wines and calling out the tastiest...
 
 
Washington's Anxiety as the President Heads to Asia
Anxiety is everywhere these days in the debate over U.S. policy toward Asia. Here in Washington, there seems to be deep anxiety about the Obama administration’s ability to fulfill its promise to rebalance to Asia. In...
 
 
'The Elder Scrolls Online' Hit With First Major Bug, The Infinite Dupe
When you make an MMO, you will eventually learn a hard lesson about how a single bug can derail your entire game. Right now, that’s exactly what’s happening with The Elder Scrolls Online. Players are rolling around in...
 
 
 

Latest from the Network

Justin Bieber crashed Drake Bell's party
Justin Bieber crashed Drake Bell's album party on Thursday night (04.17.14). The 20-year-old singer - who has been repeatedly attacked by the former Nickelodeon star on Twitter in recent months - went out of his way to...
Read more on Celebrity Balla
 
5 features an Amazon phone might offer
NEW YORK (AP) — Rumors of an Amazon smartphone reached a fever pitch this week, with the Wall Street Journal reporting that the device could be due out this year. Amazon hasn't confirmed that it has plans...
Read more on Business Balla
 
Asia's Week: Japan's Rebound Gets More Taxing
Another calamitous loss of human life gripped Asia’s attention this week, relegating economic matters to secondary notice, but they were also of concern. China’s growth pauses never cease to furrow brows but it is Japan...
Read more on Auto Balla
 
Why Drink Organic, Biodynamic And Sustainable Wines For Earth Day?
Six Organic Wines To Try Now Talking about organic wine is surprisingly complicated. When I set out to write this column I planned on rounding up some organic producers, tasting some wines and calling out the tastiest...
Read more on Business Balla
 
Washington's Anxiety as the President Heads to Asia
Anxiety is everywhere these days in the debate over U.S. policy toward Asia. Here in Washington, there seems to be deep anxiety about the Obama administration’s ability to fulfill its promise to rebalance to Asia. In...
Read more on Business Balla
 
'The Elder Scrolls Online' Hit With First Major Bug, The Infinite Dupe
When you make an MMO, you will eventually learn a hard lesson about how a single bug can derail your entire game. Right now, that’s exactly what’s happening with The Elder Scrolls Online. Players are rolling around in...
Read more on Business Balla
 
The Fed's Bubbles Destroy Capital
In ancient times, people hoarded whatever they could. Salt, and later silver, worked well because they are nonperishable, widely accepted in trade, and easy to store. People accumulated stockpiles, buying a little at a...
Read more on Business Balla
 
Does higher education actually prepare you for your career? Depends
Have we as a society become so perverse that we are now begging colleges and universities to “relieve us” of $150k to 200k for a basic bachelor’s degree? Is it a good idea even when we know that most degrees do not...
Read more on Business Balla
 
Firm That Helps Authors Buy Their Way Onto Bestseller Lists Goes Into Stealth Mode
For years, it was an open secret in the book publishing industry that any author willing to spend enough money could nab a spot on the major bestseller lists by engaging the services of a company called Result Source...
Read more on Business Balla
 
An In-Depth Look At The Future Of American Energy And How We Get There
By Cheryl Roberto Imagine a world where homes not only run on clean electricity but also generate, store, and sell it. A world where power companies get paid for conserving energy, not just producing it. Where, when...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla