U.S. Liquefied Petroleum Gas Market Size & Outlook
U.S. liquefied petroleum gas market, 2018-2030 (US$M)
Related Markets
U.S. liquefied petroleum gas market highlights
- The U.S. liquefied petroleum gas market generated a revenue of USD 19,974.9 million in 2023 and is expected to reach USD 24,418.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 2.9% from 2024 to 2030.
- In terms of segment, residential / commercial was the largest revenue generating application in 2023.
- Chemical 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 19,974.9 million |
| Market revenue in 2030 | USD 24,418.4 million |
| Growth rate | 2.9% (CAGR from 2023 to 2030) |
| Largest segment | Residential / commercial |
| Fastest growing segment | Chemical |
| 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, U.S. accounted for 16.7% 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 North America, U.S. liquefied petroleum gas market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 3,277.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Liquefied Petroleum Gas Market Scope
Liquefied Petroleum Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 27.13% in 2023. Horizon Databook has segmented the U.S. 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 U.S. is one of the largest markets for LPG in North America in 2019. The growth is primarily attributed to rising emphasis on renewable energy and the Paris Agreement on Climate Change that has recommended the usage of renewable energy in the nation’s energy supply.
Reasons to subscribe to U.S. liquefied petroleum gas market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of U.S. 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 country-level data and insights on the U.S. liquefied petroleum gas market , including forecasts for subscribers. This country databook contains high-level insights into U.S. liquefied petroleum gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. liquefied petroleum gas market size, by application, 2018-2030 (US$M)
U.S. Liquefied Petroleum Gas Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
