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Published Date: 2014-09-05Number of Pages: 119

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

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

 

 

 

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)

Global Liquid Petroleum Gas Market: Overview 

The rising consumption of autogas across the world is reflecting significantly on the usage of liquid petroleum gas (LPG) across the world. As per Transparency Market Research (TMR), the global market for LPG presented an opportunity worth US$233.8 bn in 2013. Expanding at a CAGR of 3.40% during the period from 2014 to 2023, it is likely to increase to US$299.05 bn by the end of the forecast period. 

This research study attempts to provide a better understanding of the present as well as the future status of the global market for LPG to players and other stakeholders in order to help them in making crucial strategies for the further development of their businesses. 

Global Liquid Petroleum Gas Market: Trends and Opportunities 

The increasing usage of LPG as primary cooking fuel in a number of economies in Asia Pacific, Latin America, and Africa, on account of the cost benefits it offers, is the key driving factor behind the growth of the global LPG market across the world. Researchers expect the demand for LPG to remain escalating substantially over the next few years. However, the volatility in crude oil prices may limit this otherwise increasing demand to some extent in the near future. 

LPG extracted from a non-associated source has been witnessing a robust demand across the world. Analysts project the trend to remain so over the forthcoming years. Among end users, the residential/commercial sector have led the demand for LPG in 2013 with a share of more than 60% in the overall market and is anticipated to retain its dominance over the forecast period. 

Global Liquid Petroleum Gas Market: Geographical Analysis 

Based on the geography, the global market for LPG is classified into Europe, Asia Pacific, the Middle East and Africa, North America, and South and Central America. In terms of production volume, the Middle East has emerged as the market leader; however, on the basis of consumption, Asia Pacific has grabbed the lion’s share in the overall market. The scenario is likely to remain more or less same over the next few years. 

China and India account for a considerable portion of the overall LPG consumption in Asia Pacific and are expected to experience an increase in the demand for LPG in the near future. Economies in Latin America and Africa are also expected to exhibit a similar scenario in the years to come due to the escalating demand from the domestic and the commercial sectors. Besides, North America is likely to witness a significant rise in the production of LPG over the forecast period. 

Companies mentioned in the research report 

The global market for LPG demonstrates a fragmented and competitive landscape. Some of the leading players in this market are SHV Energy N.V., Repsol S.A., Copagaz Distribuidora De Gas S.A., China Gas Holdings Ltd., Kleenheat Gas Pty Ltd., Origin Energy, UGI Corp., Royal Dutch Shell Plc, Exxon Mobil Corp., and British Petroleum Plc. 

Key Segments of Global Liquefied Petroleum Gas Market 

By Source

  • Refinery
  • Associated Gas
  • Non-Associated Gas 

By End User

  • Residential/Commercial
  • Petrochemical and Refinery
  • Industrial
  • Transportation
  • Others 

Major regions analyzed under this research report are:

  • Europe
  • North America
  • Asia Pacific
  • Rest of the World 

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years 

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
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