Market Research Reports

Liquefied Petroleum Gas (LPG) Market (Refinery, Associated Gas, and Non-Associated Gas) for Residential/Commercial, Petrochemical and Refinery, Industrial, Transportation and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

119pages
Published Date: 2014-09-05
 

Description



This research study analyzes the market for Liquefied Petroleum Gas (LPG) in terms of volume and revenue. The LPG market has been sub-segmented based on source, end-user and geography. Supply and demand for the LPG market has been shown separately to provide a holistic view of the market study. Market data for all the sub-segments has been provided on the regional level for the period 2013 to 2020. A comprehensive competitive landscape has been included in the report which covers companies active in the LPG business. Value chain analysis and Porter’s five forces model provide a clear understanding regarding the market dynamics of the LPG market. 

The high level analysis provides detailed insights into the business of LPG producers, distributors and retailers globally. Major drivers, restraints and opportunities of the LPG market are analyzed in detail with supporting graphs and tables. Market attractiveness analysis for the LPG market is based on geography. In the market attractiveness analysis, the LPG industry is analyzed regionally and ranked based on a number of parameters that directly impact the attractiveness of the market. Key source segments for the LPG market are crude oil refining, associated gas processing, and non-associated gas processing. For the LPG market, production from unconventional methods has been incorporated in the non-associated gas processing segment. 

Key end-users for LPG are residential/commercial, petrochemical and refinery, industrial, transportation and others. The report analysis the LPG market across five geographies: North America, Europe, Asia-Pacific, Middle East & Africa, and South & Central America. Regional data has been provided for each sub-segment. The regional data comprises both production and demand data for LPG. While the production figures have been sub-segmented in the source analysis, the end-user analysis has sub-segmented the consumption volumes. Key market participants in the LPG business include ExxonMobil, UGI Corporation, and Royal Dutch Shell. The report provides an overview of these companies, followed by their financial revenue, business strategies and recent developments.

The largest share of LPG is produced from crude oil refining. Other sources of producing LPG are from non-associated gas and associated gas processing. Unconventional gas has recently emerged as a commercially viable source of LPG production, and has been accounted for in the non-associated gas category. The Middle East is currently the largest producer of LPG, and is likely to remain so in the future with most of the production coming from the non-associated gas category. The U.S. also emerged as a net exporter of LPG in 2012 and supplies are likely to soar with the increasing production of LPG from shale gas. The non-associated gas category is likely to show the most attractive growth rate for LPG production in the future.

LPG finds the maximum use in the residential and commercial sector. Asia-Pacific was the largest consumer of LPG in 2013 with countries such as China and India accounting for a significant portion of the consumption. Large rural populations in Asia-Pacific are likely to be one of the major demand drivers for LPG consumption in the future. A similar scenario can also be observed in the Latin American countries and in Africa. LPG is mostly used in the residential and commercial sector as a cooking fuel. Other uses include heating and lighting. One of the fastest growing end user applications for LPG is Autogas. Both Europe and certain countries of the Asia-Pacific have displayed strong adoption rates for Autogas in the past. Large petrochemical complexes planned in China and the Middle East is likely to bolster LPG consumption as feedstock. An imminent increase in LPG consumption by the midstream sector is likely to be observed in the future. Although refinery shutdowns are being observed around Europe, refining capacity additions in Russia and the Asia-Pacific countries of China and India are likely to increase consumption of LPG as a refinery feedstock.

LPG Market: Source Analysis
  • Refinery
  • Associated Gas
  • Non-Associated Gas
LPG Market: End User Analysis
  • Residential/Commercial
  • Petrochemical and Refinery
  • Industrial
  • Transportation
  • Others
LPG Market: Regional Analysis
  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South & Central America

Table of Contents



Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology

Chapter 2 Executive Summary
2.1 Global LPG Market

Chapter 3 LPG Market – Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis: LPG market
3.3 Market Drivers
      3.3.1 Increasing consumption of Autogas globally resulting in higher LPG usage
               3.3.1.1 Global Autogas vehicles fleet and fuel consumption
      3.3.2 Large rural populations in the Asia-Pacific, Africa and Latin America using cheap and easily available LPG as a fuel
               3.3.2.1 Fuel consumption for cooking in rural India, by Fuel type, 2001 & 2013
3.4 Market Restraints
      3.4.1 Volatility in crude oil prices leading to LPG price uncertainty
3.5 Market Opportunities
      3.5.1 Expansion of Panama canal increasing trade opportunities
      3.5.2 Possibility of shale gas production in the Asia-Pacific and Latin American regions
3.6 Porter’s five forces analysis: LPG Market
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat from new entrants
      3.6.4 Degree of competition
      3.6.5 Threat from substitutes
3.7 Company market share analysis: LPG
      3.7.1 LPG company market share analysis, 2013
3.8 Market attractiveness analysis of LPG market, by region, 2013

Chapter 4 Liquefied Petroleum Gas Market: Source Segment Analysis
4.1 Global Liquefied Petroleum Gas market: Source overview
      4.1.1 Global Liquefied Petroleum Gas market, volume share by source segment, 2013 and 2020
4.2 Refineries
      4.2.1 Global refinery production estimates and forecast, 2013 – 2020 (Million Tons) (USD Billion)
4.3 Associated gas
      4.3.1 Global associated gas production estimates and forecast, 2013 – 2020 (Million Tons) (USD Billion)
4.4 Non-associated gas
      4.4.1 Global non-associated gas production estimates and forecast, 2013 – 2020 (Million Tons) (USD Billion)

Chapter 5 Liquefied Petroleum Gas Market: End-Use Analysis
5.1 Global Liquefied Petroleum Gas market: End-Use overview
      5.1.1 Global Liquefied Petroleum Gas market, volume share by end-use, 2013 and 2020
5.2 Residential/Commercial
      5.2.1 Global LPG consumption by residential/commercial, 2013-2020 (Million tons) (USD Billion)
5.3 Petrochemical and Refinery
      5.3.1 Global LPG consumption in petrochemical and refinery sector, 2013-2020 (Million tons) (USD Billion)
5.4 Industrial
      5.4.1 Global LPG consumption by industries, 2013-2020 (Million tons) (USD Billion)
5.5 Transportation
      5.5.1 Global LPG consumption by transportation, 2013-2020 (Million tons) (USD Billion)
5.6 Others
      5.6.1 Global LPG consumption by others, 2013-2020 (Million tons) (USD Billion)

Chapter 6 Liquefied Petroleum Gas Market: Regional Analysis
6.1 Global Liquefied Petroleum Gas market: Regional overview
      6.1.1 Global Liquefied Petroleum Gas production market, volume share by region, 2013 and 2020
      6.1.2 Global Liquefied Petroleum Gas consumption market, volume share by region, 2013 and 2020
6.2 North America
      6.2.1 North America Liquefied Petroleum Gas market production estimates and forecast, 2013-2020 (Million tons)(USD Billion)
      6.2.2 North America Liquefied Petroleum Gas market consumption estimates and forecast, 2013-2020 (Million tons)(USD Billion)
      6.2.3 North America Liquefied Petroleum Gas market production estimate and forecast, by source, 2013 – 2020, (Million Tons) (USD Billion)
      6.2.4 North America Liquefied Petroleum Gas market consumption estimate and forecast, by end-use, 2013 – 2020, (Million Tons) (USD Billion)
6.3 Europe
      6.3.1 Europe Liquefied Petroleum Gas market production estimates and forecast, 2013-2020 (Million tons)(USD Billion)
      6.3.2 Europe Liquefied Petroleum Gas market consumption estimates and forecast, 2013-2020 (Million tons)(USD Billion)
      6.3.3 Europe Liquefied Petroleum Gas market production estimate and forecast, by source, 2013 – 2020, (Million Tons) (USD Billion)
      6.3.4 Europe Liquefied Petroleum Gas market consumption estimate and forecast, by end-use, 2013 – 2020, (Million Tons) (USD Billion)
6.4 Asia-Pacific
      6.4.1 Asia-Pacific Liquefied Petroleum Gas market production estimates and forecast, 2013-2020 (Million tons)(USD Billion)
      6.4.2 Asia-Pacific Liquefied Petroleum Gas market consumption estimates and forecast, 2013-2020 (Million tons)(USD Billion)
      6.4.3 Asia-Pacific Liquefied Petroleum Gas market production estimate and forecast, by source, 2013 – 2020, (Million Tons) (USD Billion)
      6.4.4 Asia-Pacific Liquefied Petroleum Gas market consumption estimate and forecast, by end-use, 2013 – 2020, (Million Tons) (USD Billion)
6.5 Middle East & Africa
      6.5.1 Middle East & Africa Liquefied Petroleum Gas market production estimates and forecast, 2013-2020 (Million tons)(USD Billion)
      6.5.2 Middle East & Africa Liquefied Petroleum Gas market consumption estimates and forecast, 2013-2020 (Million tons)(USD Billion)
      6.5.3 Middle East & Africa Liquefied Petroleum Gas market production estimate and forecast, by source, 2013 – 2020, (Million Tons) (USD Billion)
      6.5.4 Middle East & Africa Liquefied Petroleum Gas market consumption estimate and forecast, by end-use, 2013 – 2020, (Million Tons) (USD Billion)
6.6 South & Central America
      6.6.1 South & Central America Liquefied Petroleum Gas market production estimates and forecast, 2013-2020 (Million tons)(USD Billion)
      6.6.2 South & Central America Liquefied Petroleum Gas market consumption estimates and forecast, 2013-2020 (Million tons)(USD Billion)
      6.6.3 South & Central America Liquefied Petroleum Gas market production estimate and forecast, by source, 2013 – 2020, (Million Tons) (USD Billion)
      6.6.4 South & Central America Liquefied Petroleum Gas market consumption estimate and forecast, by end-use, 2013 – 2020, (Million Tons) (USD Billion)

Chapter 7 Company Profiles
7.1 British Petroleum plc
      7.1.1 Company overview
      7.1.2 Product portfolio
      7.1.3 Financial overview
      7.1.4 Business strategy
      7.1.5 SWOT analysis
      7.1.6 Recent developments
7.2 Exxon Mobil Corporation
      7.2.1 Company overview
      7.2.2 Product Portfolio
      7.2.3 Financial overview
      7.2.4 Business strategies
      7.2.5 SWOT analysis
      7.2.6 Recent developments
7.3 Royal Dutch Shell plc
      7.3.1 Company overview
      7.3.2 Product Portfolio
      7.3.3 Financial overview
      7.3.4 Business strategies
      7.3.5 SWOT analysis
      7.3.6 Recent developments
7.4 UGI Corporation
      7.4.1 Company overview
      7.4.2 Product portfolio
      7.4.3 Financial overview
      7.4.4 Business strategies
      7.4.5 SWOT analysis
      7.4.6 Recent developments
7.5 Origin Energy
      7.5.1 Company overview
      7.5.2 Product portfolio
      7.5.3 Financial overview
      7.5.4 Business strategies
      7.5.5 SWOT analysis
      7.5.6 Recent developments
7.6 Kleenheat Gas Pty Limited
      7.6.1 Company overview
      7.6.2 Product portfolio
      7.6.3 Financial overview
      7.6.4 Business strategies
      7.6.5 SWOT analysis
      7.6.6 Recent developments
7.7 China Gas Holdings Limited
      7.7.1 Company overview
      7.7.2 Product portfolio
      7.7.3 Financial overview
      7.7.4 Business strategies
      7.7.5 SWOT analysis
      7.7.6 Recent developments
7.8 Copagaz Distribuidora De Gas Ltda
      7.8.1 Company overview
      7.8.2 Product portfolio
      7.8.3 Financial overview
      7.8.4 Business strategies
      7.8.5 SWOT analysis
      7.8.6 Recent developments
7.9 Repsol S.A.
      7.9.1 Company overview
      7.9.2 Product portfolio
      7.9.3 Financial overview
      7.9.4 Business strategies
      7.9.5 SWOT analysis
      7.9.6 Recent developments
7.10 SHV Energy N.V.
      7.10.1 Company overview
      7.10.2 Product portfolio
      7.10.3 Financial overview
      7.10.4 Business strategies
      7.10.5 SWOT analysis
      7.10.6 Recent developments

List of Figures 

FIG. 1 Liquefied Petroleum Gas (LPG): Market segmentation
FIG. 2 Global Liquefied Petroleum Gas production market volume and revenue, 2013 - 2020 (Million Tons) (USD Billion)
FIG. 3 Global Liquefied Petroleum Gas consumption market volume and revenue, 2013 - 2020 (Million Tons) (USD Billion)
FIG. 4 Value chain analysis of LPG market
FIG. 5 Autogas Global adoption by Units and Volume
FIG. 6 Fuel consumption for cooking in rural India (2001 and 2013)
FIG. 7 Porter’s five forces analysis: LPG Market
FIG. 8 Company market share of LPG market, 2013
FIG. 9 Market attractiveness analysis of LPG market, by region, 2013
FIG. 10 Global Liquefied Petroleum Gas market, volume share by source, 2013 and 2020
FIG. 11 Global refinery production volume and revenue, 2013 – 2020 (Million Tons) (USD Billion)
FIG. 12 Global associated gas production volume and revenue, 2013 – 2020 (Million Tons) (USD Billion)
FIG. 13 Global non-associated production volume and revenue, 2013 – 2020 (Million Tons) (USD Billion)
FIG. 14 Global Liquefied Petroleum Gas market, volume share by end-use, 2013 and 2020
FIG. 15 Global LPG consumption by residential/commercial, 2013-2020 (Million tons) (USD Billion)
FIG. 16 Global LPG consumption in petrochemical and refinery sector, 2013-2020 (Million tons) (USD Billion)
FIG. 17 Global LPG consumption by industries, 2013-2020 (Million tons) (USD Billion)
FIG. 18 Global LPG consumption by transportation, 2013-2020 (Million tons) (USD Billion)
FIG. 19 Global LPG consumption by others, 2013-2020 (Million tons) (USD Billion)
FIG. 20 Global Liquefied Petroleum Gas production market, volume share by region, 2013 and 2020
FIG. 21 Global Liquefied Petroleum Gas consumption market, volume share by region, 2013 and 2020
FIG. 22 North America Liquefied Petroleum Gas market production estimates and forecast, 2013-2020 (Million tons) (USD Billion)
FIG. 23 North America Liquefied Petroleum Gas market consumption estimates and forecast, 2013-2020 (Million tons) (USD Billion)
FIG. 24 Europe Liquefied Petroleum Gas market production estimates and forecast, 2013-2020 (Million tons) (USD Billion)
FIG. 25 Europe Liquefied Petroleum Gas market consumption estimates and forecast, 2013-2020 (Million tons) (USD Billion)
FIG. 26 Asia-Pacific Liquefied Petroleum Gas market production estimates and forecast, 2013-2020 (Million tons) (USD Billion)
FIG. 27 Asia-Pacific Liquefied Petroleum Gas market consumption estimates and forecast, 2013-2020 (Million tons) (USD Billion)
FIG. 28 Middle East & Africa Liquefied Petroleum Gas market production estimates and forecast, 2013-2020 (Million tons) (USD Billion)
FIG. 29 Middle East & Africa Liquefied Petroleum Gas market consumption estimates and forecast, 2013-2020 (Million tons) (USD Billion)
FIG. 30 South & Central America Liquefied Petroleum Gas market production estimates and forecast, 2013-2020 (Million tons) (USD Billion)
FIG. 31 South & Central America Liquefied Petroleum Gas market consumption estimates and forecast, 2013-2020 (Million tons) (USD Billion)

List of Tables

TABLE 1 Global LPG Market: Snapshot
TABLE 2 Drivers of LPG Market: Impact Analysis
TABLE 3 Restraints of LPG Market: Impact Analysis
TABLE 4 Opportunities of LPG Market: Impact Analysis
TABLE 5 North America Liquefied Petroleum Gas market volume and forecast, by source segment, 2013 - 2020 (Million Tons) 
TABLE 6 North America Liquefied Petroleum Gas market revenue and forecast, by source segment, 2013 - 2020 (USD Billion) 
TABLE 7 North America Liquefied Petroleum Gas market volume and forecast, by end-use segment, 2013 - 2020 (Million Tons) 
TABLE 8 North America Liquefied Petroleum Gas market revenue and forecast, by end-use segment, 2013 - 2020 (USD Billion) 
TABLE 9 Europe Liquefied Petroleum Gas market volume and forecast, by source segment, 2013 - 2020 (Million Tons) 
TABLE 10 Europe Liquefied Petroleum Gas market revenue and forecast, by source segment, 2013 - 2020 (USD Billion) 
TABLE 11 Europe Liquefied Petroleum Gas market volume and forecast, by end-use segment, 2013 - 2020 (Million Tons) 
TABLE 12 Europe Liquefied Petroleum Gas market revenue and forecast, by end-use segment, 2013 - 2020 (USD Billion) 
TABLE 13 Asia-Pacific Liquefied Petroleum Gas market volume and forecast, by source segment, 2013 - 2020 (Million Tons) 
TABLE 14 Asia-Pacific Liquefied Petroleum Gas market revenue and forecast, by source segment, 2013 - 2020 (USD Billion) 
TABLE 15 Asia-Pacific Liquefied Petroleum Gas market volume and forecast, by end-use segment, 2013 - 2020 (Million Tons) 
TABLE 16 Asia-Pacific Liquefied Petroleum Gas market revenue and forecast, by end-use segment, 2013 - 2020 (USD Billion) 
TABLE 17 Middle East & Africa Liquefied Petroleum Gas market volume and forecast, by source segment, 2013 - 2020 (Million Tons) 
TABLE 18 Middle East & Africa Liquefied Petroleum Gas market revenue and forecast, by source segment, 2013 - 2020 (USD Billion) 
TABLE 19 Middle East & Africa Liquefied Petroleum Gas market volume and forecast, by end-use segment, 2013 - 2020 (Million Tons) 
TABLE 20 Middle East & Africa Liquefied Petroleum Gas market revenue and forecast, by end-use segment, 2013 - 2020 (USD Billion) 
TABLE 21 South & Central America Liquefied Petroleum Gas market volume and forecast, by source segment, 2013 - 2020 (Million Tons) 
TABLE 22 South & Central America Liquefied Petroleum Gas market revenue and forecast, by source segment, 2013 - 2020 (USD Billion) 
TABLE 23 South & Central America Liquefied Petroleum Gas market volume and forecast, by end-use segment, 2013 - 2020 (Million Tons) 
TABLE 24 South & Central America Liquefied Petroleum Gas market revenue and forecast, by end-use segment, 2013 - 2020 (USD Billion)

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Free Market Analysis


Liquefied petroleum gas (LPG) is a mixture of propane and butane which finds applications in multiple end user segments. The residential and commercial segment occupied the maximum market share for LPG consumption in 2013. This segment accounted for over 60% of the global LPG consumption in 2013, and is primarily used as a cooking fuel. Other applications in the residential segment include LPG for heating and lighting. Both rural and urban populations are highly dependent on LPG as a cooking fuel. Countries in Latin America and the Asia-Pacific with large semi urban and rural populations are the major markets for LPG consumption. Africa is also an attractive market for LPG, where over 90% of the consumption is by the residential segment.

One of the fastest growing end user segments of LPG is Autogas. LPG used as a transportation fuel is commonly referred to as Autogas. Autogas is finding increasing adoption globally and especially in Europe. Countries such as Turkey, Poland and Germany have been aggressively adding to their Autogas fleet in the recent past. Japan and South Korea in the Asia-Pacific are also major adopters of Autogas. These countries have begun converting their entire taxi and rental car fleets to Autogas in an effort to switch over to cleaner fuels. Adoption of Autogas is likely to continue at attractive rates in the future, and this segment is likely to exhibit the fastest growth rate in consumption of LPG in the future. LPG consumed by the Autogas segment is likely to grow at a CAGR of 5.2% from 2014 to 2020. 

There is likely to be an increased consumption of LPG from the midstream sector within the forecast period as well. LPG can be used as a feedstock in petrochemical and refinery complexes and is generally a substitute to naphtha. There are a large number of petrochemical complexes planned in China and the Middle East which are likely to consume LPG as the preferred feedstock. The growth in LPG consumption by the midstream sector is likely to be significantly high in the Middle East. In the U.S., where shale gas production has put a downward pressure on LPG prices, a preference towards using LPG in petrochemical complexes can also be observed. Large refinery capacity additions planned in Russia and certain countries of the Asia-Pacific are also likely to increase consumption of LPG as a refinery feedstock.

The three primary source segments of LPG are refineries, non-associated gas, and associated gas. LPG produced through crude oil refining accounted for nearly 41% of the global LPG production in 2013. The non-associated gas category is likely to contribute to the maximum LPG production within the forecast period. High LPG production volumes can be expected from the Middle East which is currently the largest producer of LPG globally. However, a large volume of LPG produced is likely to be captively consumed by large petrochemical complexes coming up in the region. The U.S. emerged as a net exporter of LPG in 2012 as an aftermath of the shale gas boom in the country. LPG production is likely to increase at attractive rates in this region in the future. A majority of the surplus LPG production from the U.S. is likely to be routed to Latin American countries where there is an increasing demand for LPG from the domestic and commercial sector.

The Panama Canal expansion which is likely to be complete by the end of 2016 is likely to change global LPG trade patterns. The expansion will allow the largest gas carriers to pass through the canal which is likely to make exports from North America competitive with those from the Middle East. The Asia-Pacific region is likely to be benefitted from this expansion as it will open up trade routes for cheap LPG imports from the U.S. to reach its shores. With China gearing up for a shale gas revolution by the end of 2016, an increased production of LPG can be expected in Asia-Pacific’s domestic market as well. Overall the price of LPG in Asia-Pacific is likely to show a decline in the future owing to these factors. Countries with a surplus of natural gas and a developed distribution pipeline infrastructure are likely to opt for natural gas instead of LPG in the future. However this substitution threat is minimal globally except for a few geographies.

Global Liquefied Petroleum Gas market, volume share by end-use, 2013 and 2020

global-liquefied-petroleum-gas-market

 

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