Liquefied petroleum gas or liquid petroleum gas (LPG or LPG), also mentioned to as simply propane or butane, are combustible mixtures of hydrocarbon gases used as fuel in heating appliances, cooking equipment and vehicles. It is increasingly used as an aerosol and refrigerant propellant, replacing chlorofluorocarbons in an attempt to reduce damage to the ozone layer. If used specifically as vehicle fuel, it is often referred to as autogas and, more commonly, mixtures including both propane and butane.
LPG Market stood at US$+233.83 bn in 2018 and is predicted to reach US$299.05 bn by 2020. It is predicted to expand at a CAGR of +3 % from 2019 to 2026.
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A comprehensive analysis of global LPG Market has newly published by Report Consultant to its huge repository. The research report on the global market offers a complete and accurate analysis of different business perspectives for shaping the future of the businesses. It compiles various aspects of the global market by using research methodologies such as primary and secondary research. For a better understanding of the global market, it has presented in a professional manner by including relevant infographics such as tables, charts, graphs, and pictures.
Top Key Players:
Saudi Aramco(SA), ADNOC(AE), ADGAS(AE), BP(UK), KNPC(KW), Gazprom(RU), Shell(NL), Exxon Mobil(US), Phillips66(US), Valero Energy(US), NIOPDC(IR), ConocoPhillips Company(US), Total(FR), Statoil(NO), PDVSA(VE), Sinopec(CN), CNPC(CN), Chevron(US), Qatar Petroleum(QA), Oman Oil Company(OM), Antargaz(FR), Petrobras(BR), Pemex(MX), Primagaz(FR), SHV Energy(NL), CNOOC(CN).
LPG Market by Application:-
- Auto Fuel
For comprehensive understanding of market dynamics, the global LPG Market is analyzed across key geographies namely The United States, Europe, China, Japan, Southeast Asia, India, and Central & South America. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Key findings from the study: -
- We have segmented the Liquefied Petroleum Gas based on source categories as Refinery, Associated Gas, and Non-Associated Gas.
- We have segmented the Liquefied Petroleum Gas market based on application are Residential/Commercial, Chemical, Industrial, Auto Fuel, Refinery.
- The key market participants include Valero Energy, Petroleos de Venezuela, Bharat petroleum, Sinopec, CNPC, Chevron Corp, Reliance Industries Ltd. (RIL), and ExxonMobil Corporation
Furthermore, it takes a closer look at various norms, government policies, rules, and regulations. This research has been done with proven research methodologies like qualitative and quantitative research methodologies. Different info graphics have been used while curating the report of the Global Engine Filter Market. The report profiles a few of the companies operating in the global market
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