Global Liquefied Petroleum Gas Market Size & Outlook
Global liquefied petroleum gas market, 2018-2030 (US$M)
Related Markets
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 2023 | USD 119,901.1 million |
| Market revenue in 2030 | USD 154,494.9 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Residential / commercial |
| Fastest growing segment | Chemical |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential / 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
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Our clientele includes a mix of liquefied petroleum gas market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 13,707.4 | 13,444.7 | 15,469.3 | 16,331.0 | 17,280.7 | 18,373.5 | 19,550.7 | 20,988.5 | 22,565.1 | 23,538.7 | 22,967.9 | 24,389.5 | 25,915.4 | 4.5% |
| Europe | 31,332.3 | 33,024.4 | 32,626.6 | 33,194.4 | 33,866.4 | 34,648.6 | 35,647.7 | 36,756.5 | 37,986.8 | 37,729.6 | 41,002.2 | 41,999.6 | 43,894.5 | 3.5% |
| North America | 28,551.8 | 29,304.1 | 28,225.9 | 28,004.5 | 27,911.3 | 27,944.8 | 28,133.2 | 28,423.9 | 28,819.2 | 30,963.8 | 32,080.2 | 33,365.9 | 35,018.5 | 3.3% |
| MEA | 6,239.4 | 6,784.9 | 6,910.5 | 7,241.0 | 7,600.5 | 8,004.7 | 8,458.6 | 8,849.7 | 9,272.2 | 9,768.4 | 9,980.8 | 10,664.2 | 11,281.2 | 5.1% |
| Asia Pacific | 30,038.2 | 32,827.1 | 30,422.2 | 30,474.8 | 30,652.8 | 30,929.6 | 31,348.2 | 31,814.0 | 32,374.8 | 33,865.2 | 35,541.0 | 36,702.9 | 38,385.4 | 3.2% |
| Overall | 109,869.2 | 115,385.2 | 113,654.5 | 115,245.6 | 117,311.7 | 119,901.1 | 123,138.4 | 126,832.6 | 131,018.1 | 135,865.7 | 141,572.1 | 147,122.1 | 154,494.9 | 3.7% |
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