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The global liquefied petroleum gas (LPG) market was valued at US$ 128.4 Billion in 2021.
We expect the global liquefied petroleum gas (LPG) market to exhibit a CAGR of 3.8% during 2022-2027.
The rising environmental concerns, along with the increasing requirement for LPG as auto emission gas
in the automotive industry, are primarily driving the global liquefied petroleum gas (LPG) market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous end-use industries for
Liquefied Petroleum Gas (LPG).
Based on the source, the global liquefied petroleum gas (LPG) market has been segmented into refinery,
associated gas, and non-associated gas. Currently, non-associated gas holds the majority of the total
Based on the application, the global liquefied petroleum gas (LPG) market can be divided into
residential, commercial, refinery and petrochemical, transportation, and others. Among these, the
residential sector currently exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global liquefied petroleum gas (LPG) market include Bharat Petroleum
Corporation Limited, BP P.L.C., Chevron Corporation, China Gas Holdings Ltd., Exxon Mobil Corporation,
Origin Energy Limited, Petroliam Nasional Berhad, Phillips 66 Company, Repsol S.A., Royal Dutch Shell
PLC, and Valero Energy Corporation.
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