Liquefied Petroleum Gas Market Demand To reach 356.98 Million Tons By 2017:Grand View Research,Inc
Grand View Research has announced the addition of “Liquefied Petroleum Gas Market Analysis and Segment Forecasts To 2020” Market Research report to their Database.
The global marketplace for LPG is predicted to achieve USD291.42 billion by 2020, in line with 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.
Browse full research report on Global Liquefied Petroleum Gas (LPG) Market: http://www.grandviewresearch.com/industry-analysis/liquefied-petroleum-gas-industry
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 predicted to succeed in 29.11 million tons by 2020, growing at a CAGR of 4.3% from 2014 to 2020.
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Further key findings from the study suggest:
The worldwide market for LPG was 261.60 million tons in 2013 and is predicted to succeed in 356.98 million tons by 2020, growing at a CAGR of 4.1% from 2014 to 2020.
Refineries continued to be the biggest LPG petroleum marketing equipment jobs uk source market and accounted for 45.4% of total market in 2013. LPG from non-associated gas is anticipated 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 worldwide LPG market and accounted for 35.64% of total market volume in 2013. Asia Pacific, together with being the biggest market can also be expected to be the fastest growing market for LPG, at an estimated CAGR of 5.0% from 2014 to 2020.
The worldwide market for LPG is fragmented within some key companies including Aygez, Bayegan, China Gas, Dolphin Energy, ETG companies, Huntsman Petrochemical, Indian Oil Corporation Ltd. Oman Oil Company, Petredec Ltd. Phillips 66, Qatargas, Qatar fuel, Qatar Petroleum, Shell, Tasweeq and Vitol.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/conventional-energy
For the purpose of this study, Grand View Research has segmented the SBCmarket on the premise ofapplication, sourceand region:
Global LPG application Outlook (Volume, Million Tons; Revenue, USD Billion, 2012 – 2020)
• petroleum marketing equipment jobs uk Chemical
• Auto fuel
• LPG Source Outlook (Volume, Million tons; Revenue, USD Billion, 2012-2020)
• Associated gas
• Non associated gas
• LPG Regional Outlook (Volume, Million tons; Revenue, USD Billion, 2012 – 2020)
• North America
• Asia Pacific
• Middle petroleum marketing equipment jobs uk East and Africa
• Latin America
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