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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

Global Liquefied Petroleum Gas Market: Snapshot

The global liquefied petroleum gas (LPG) market demonstrates a fragmented and competitive vendor landscape due to the presence of a large number of players. The entry of new players is likely to intensify the competition in the market in the upcoming years. Key players in the market are focusing hard on branding and market positioning to stay ahead in the competition. Mergers and acquisitions and expansion of retail and distribution outlets are some other growth strategies that players in this market have resorted to.

One of the key growth drivers of the global LPG market is the ubiquitous usage of LPG as a cooking fuel in a number countries in Asia Pacific, Africa, and Latin America. The residential and commercial segment, primarily for cooking purpose, accounted for more than 60% of overall consumption of LPG in 2013. The increasing use of LPG as a transportation fuel, predominantly in Europe and the increasing use of LPG as a feedstock in petrochemical refineries is also having a positive bearing on this market.

A report by Transparency Market Research predicts the global LPG market to expand at a CAGR of 3.40% between 2014 and 2020, for the market to become worth US$299.05 bn by the end of 2020 increasing from US$ 233.83 bn in 2013.

Residential and Commercial End-use Segment to Remain Significant

The segments of the global LPG market depending upon source are refineries, non-associated gas, and associated gas. Amongst all, the segment of non-associated gas is expected to hold the leading share of the market over the forecast period.

In terms of end-use, the segments into which the global LPG market is divided are petrochemical and refinery, transportation, residential and commercial, industrial, and others. Of them, the segment of residential and commercial led in 2013 with a share of over 60% in the market. LPG is majorly used as a cooking fuel and also for lighting and eating in the residential and commercial segment.

Expansion of Trade Routes Makes North America Significant Export Market

From a geographical standpoint, the global LPG market is divided into: North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America. Asia Pacific, among all, is expected to lead in terms of consumption accounting for 36.90% of the overall market by 2020. The growth of the region is driven by high consumption of LPG in China and India. Besides this, development of shale gas in China will lead Asia Pacific to emerge as a significant market for LPG production.

North America is expected to emerge as a significant region for LPG production over the forecast period. The shale gas boom in the U.S. has led the country to account for significant export of LPG. In addition, the extension of the Panama Canal leading to its heavy use for movement of gas carrying vessels from North America is having a positive influence on this regional market. The surplus production from the U.S. routed through Latin America is benefitting countries in these regions for commercial and residential demand for LPG. This is also benefitting Asia Pacific for cheap imports of LPG from the U.S., and giving an increased competition for export from the Middle East.

Key players operating in the global LPG market include SHV Energy N.V., Copagaz Distribuidora De Gas S.A., Repsol S.A., Kleenheat Gas Pty Ltd, China Gas Holdings Ltd., Royal Dutch Shell plc, Origin Energy, UGI Corp., British Petroleum plc, and Exxon Mobil Corp.

 

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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