China Liquefied Petroleum Gas Market Size & Outlook
China liquefied petroleum gas market, 2018-2030 (US$M)
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China liquefied petroleum gas market highlights
- The China liquefied petroleum gas market generated a revenue of USD 8,462.5 million in 2023 and is expected to reach USD 9,337.1 million by 2030.
- The China market is expected to grow at a CAGR of 1.4% from 2024 to 2030.
- In terms of segment, residential / commercial was the largest revenue generating application in 2023.
- Autogas is the most lucrative application segment registering the fastest growth during the forecast period.
Liquefied petroleum gas market data book summary
| Market revenue in 2023 | USD 8,462.5 million |
| Market revenue in 2030 | USD 9,337.1 million |
| Growth rate | 1.4% (CAGR from 2023 to 2030) |
| Largest segment | Residential / commercial |
| Fastest growing segment | Autogas |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
Other key industry trends
- In terms of revenue, China accounted for 7.1% of the global liquefied petroleum gas market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China liquefied petroleum gas market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,404.3 million by 2030.
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Liquefied Petroleum Gas Market Scope
Liquefied Petroleum Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 25.07% in 2023. Horizon Databook has segmented the China liquefied petroleum gas market based on residential / commercial, chemical, industrial, autogas, refinery covering the revenue growth of each sub-segment from 2018 to 2030.
China is a major consumer of LPG in the world. Despite the current slowdown in the Chinese economy, the region is still a lucrative market for investments as compared to Western economies. China accounted for the highest LPG demand in the Asia Pacific region on account of increasing number of large-scale installations in the country.
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Target buyers of China 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 country-level data and insights on the China liquefied petroleum gas market , including forecasts for subscribers. This country databook contains high-level insights into China liquefied petroleum gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China liquefied petroleum gas market size, by application, 2018-2030 (US$M)
China Liquefied Petroleum Gas Market Outlook Share, 2023 & 2030 (US$M)
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