Liquefied Petroleum Gas (LPG) Market
The global Liquefied Petroleum Gas (LPG) Market size reached 152,811 USD Million in 2024. Looking forward, MarketsGlob expects the market to reach 195,737 USD Million by 2031, exhibiting a growth rate (CAGR) of 3.6% during 2025-2031.
Liquefied Petroleum Gas (LPG), a flammable hydrocarbon gas derived from petroleum refining and natural gas processing, is widely used as fuel for heating, cooking, transportation, and industrial applications. Its efficiency, portability, and relatively low emissions make it a preferred choice for residential and commercial energy needs.
Liquefied Petroleum Gas (LPG) Market
Market forecast to grow at a CAGR of 3.6%
Note:The image is for illustrative purposes only
Key Players in the Market
The report includes a detailed analysis of both established and emerging companies in the market. Key players are highlighted based on their product offerings and other relevant factors, with consideration given to their year of market entry.
Major players includes
- BP
- KNPC
- Gazprom
- Shell
- Exxon Mobil
- Phillips66
- Valero Energy
- NIOPDC
- ConocoPhillips Company
- TotalEnergies
- Equinor
- PDVSA
- Sinopec
- CNPC
- Chevron
- Qatar Petroleum
- Oman Oil Company
- Antargaz
- Petrobras
- Pemex
- Primagaz
- SHV Energy
- CNOOC
- Others
(Please note that the list of players mentioned here is not final. We encourage you to request a sample report to review the most up-to-date list of all relevant players.)
Segmentation for Liquefied Petroleum Gas (LPG) Market
Products Segment Analysis
- Petroleum Cracking Method LPG
- Gas Purification Method LPG
Applications Segment Analysis
- Residential
- Transportation
- Industry & Agriculture
- Chemicals & Refinery
- Others
(Please note that the segmentation provided in this report is not limited to these categories. We can further break down the data into additional segments as per your specific requirements. We encourage you to request a sample report to explore the detailed scope of our research and customized insights.)
Sales Channel Segment Analysis
- Direct Channel
- Distribution Channel
Market segment by Region/Country including:
- North America (United States, Canada, Mexico)
- Europe (Germany, United Kingdom, France, Italy, Russia, Spain, Benelux, Poland, Austria, Portugal, Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia, Taiwan, Rest of Asia Pacific)
- South America (Brazil, Argentina, Colombia, Chile, Peru, Venezuela, Rest of South America)
- Middle East & Africa (UAE, Saudi Arabia, South Africa, Egypt, Nigeria, Rest of Middle East & Africa)
 Market.png "Liquefied Petroleum Gas (LPG) Share by Product Types & Application")
Report Coverage:
| Base Year of the Analysis | 2025 |
|---|---|
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2032 |
| Types Covered | Petroleum Cracking Method LPG, Gas Purification Method LPG |
| Applications Covered | Residential, Transportation, Industry & Agriculture, Chemicals & Refinery, Others |
| Companies Covered |
BP, KNPC, Gazprom, Shell, Exxon Mobil, Phillips66, Valero Energy, NIOPDC, ConocoPhillips Company, TotalEnergies, Equinor, PDVSA, Sinopec, CNPC, Chevron, Qatar Petroleum, Oman Oil Company, Antargaz, Petrobras, Pemex, Primagaz, SHV Energy , CNOOC, Others (Please note that the list of players mentioned here is not final. We encourage you to request a sample report to review the most up-to-date list of all relevant players.) |
| Sales Channels Covered | Direct Channel, Distribution Channel |
| Regions Covered | North America, Europe, Asia-Pacific, South America, Middle East and Africa |
| Countries Covered | United States, Canada, Mexico, Germany, United Kingdom, France, Italy, Russia, Spain, Benelux, Poland, Austria, Portugal, Rest of Europe, China, Japan, Korea, India, Southeast Asia, Australia, Taiwan, Rest of Asia Pacific, Brazil, Argentina, Colombia, Chile, Peru, Venezuela, Rest of South America, UAE, Saudi Arabia, South Africa, Egypt, Nigeria, Rest of Middle East & Africa |
| Customization Scope | We offer extensive customization options for different segments at the region/country-level, ensuring that specific needs are met. Furthermore, our services extend to additional customization based on your unique requirements. |
| Purchase Options | We have three plans to opt for: Standard Plan (PDF), Advanced Plan (PDF + Excel Data Pack) & Extended Plan (PDF + Excel Data Pack + Periodic Update). For more details, please check details of plan types & features. |
Frequently Asked Questions
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