Global Liquefied Petroleum Gas Market Size & Outlook

The liquefied petroleum gas industry worldwide is expected to reach a projected revenue of US$ 154,494.9 million by 2030. A compound annual growth rate of 3.7% is expected of the worldwide liquefied petroleum gas industry from 2024 to 2030.
Revenue, 2023 (US$M)
$119,901.1
Forecast, 2030 (US$M)
$154,494.9
CAGR, 2024 - 2030
3.7%
Report Coverage
Worldwide

Global liquefied petroleum gas market highlights

  • The global liquefied petroleum gas market generated a revenue of USD 119,901.1 million in 2023 and is expected to reach USD 154,494.9 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 3.7% by 2030.
  • In terms of segment, residential / commercial accounted for a revenue of USD 32,784.6 million in 2023.
  • Chemical is the most lucrative application segment registering the fastest growth during the forecast period.
  • In terms of region, Europe was the largest revenue generating market in 2023.
  • Country-wise, China is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 119,901.1 million
Market revenue in 2030USD 154,494.9 million
Growth rate3.7% (CAGR from 2023 to 2030)
Largest segmentResidential / commercial
Fastest growing segmentChemical
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationResidential / Commercial, Chemical, Industrial, Autogas, Refinery

Other key industry trends

  • In terms of revenue, the North America accounted for 23.3% of the global liquefied petroleum gas market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, China is the fastest growing regional market and is projected to reach USD 9,337.1 million by 2030.

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Liquefied Petroleum Gas Market Scope

Liquefied Petroleum Gas Market Companies

Name Profile # Employees HQ Website

Global liquefied petroleum gas market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to liquefied petroleum gas market will help companies and investors design strategic landscapes.


Residential / commercial was the largest segment with a revenue share of 27.34% in 2023. Horizon Databook has segmented the Global liquefied petroleum gas market based on residential / commercial, chemical, industrial, autogas, refinery covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Liquefied Petroleum Gas Application Outlook (Revenue, USD Million, 2018-2030)
    • Residential / Commercial
    • Chemical
    • Industrial
    • Autogas
    • Refinery
    • Transportation Fuel
    • Power Generation
    • Others

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Target buyers of Global liquefied petroleum gas market databook

  • Our clientele includes a mix of liquefied petroleum gas market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of global-level data and insights on the Global liquefied petroleum gas market , including forecasts for subscribers. This global databook contains high-level insights into Global liquefied petroleum gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global liquefied petroleum gas market size, by region, 2018-2030 (US$M)

Top 10 countries: Liquefied petroleum gas market size, 2023 (US$M)

Global liquefied petroleum gas market share, by application, 2023 & 2030 (%, US$M)

Liquefied petroleum gas market: Opportunity assessment by country

Global liquefied petroleum gas market, by region, 2023 (US$M)

Global liquefied petroleum gas market size, by region, 2018-2030 (US$M)

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