Market revenue in 2023 | USD 30,929.6 million |
Market revenue in 2030 | USD 38,385.4 million |
Growth rate | 3.1% (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 |
Key market players worldwide | Repsol SA, China Gas Holdings Ltd, UGI Corp, Wesfarmers Ltd, JGC Holdings Corp, Chevron Corp, Reliance Industries Ltd GDR - 144A, Exxon Mobil Corp, Phillips 66, TotalEnergies SE, Shell PLC, Petronas Chemicals Group Bhd, PetroChina Co Ltd Class H, Petrofac Ltd, China Petroleum & Chemical Corp Class H, BP PLC, Saudi Aramco, Bharat Petroleum Corp., Petredec, Qatargas, Vitol |
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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 26.47% in 2023. Horizon Databook has segmented the Asia Pacific liquefied petroleum gas market based on residential / commercial, chemical, industrial, autogas, refinery covering the revenue growth of each sub-segment from 2018 to 2030.
The growing government support mainly in Indonesia, India, and China to replace wood and coal as a major cooking fuel is expected to boost the demand for LPG in the region. Governments of various countries in Asia Pacific provide LPG cylinders at subsidized rates to consumers, thus propelling the growth of LPG in Asia Pacific.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific liquefied petroleum gas market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific liquefied petroleum gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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