Global LPG Market Competition Forecast and Opportunities to 2026 - Consumption is Forecast to Surpass 380 MMTPA

Dublin, Jan. 02, 2018 -- The "Global LPG Market By Application (Household, Commercial, Industrial, Transportation, & Others), By Region (Asia-Pacific, North America, Europe, MEA & South America), Competition Forecast and Opportunities, 2012-2026" report has been added to Research and Markets' offering.

The global LPG consumption is forecast to surpass 380 MMTPA by 2026, majorly on account of increasing government initiatives to boost LPG consumption, surging LPG demand as a cooking fuel, and planned refinery expansions of major petroleum refineries across the globe.

LPG is a clean and odorless fuel that emits significantly lesser amount of CO2 as compared to petrol or diesel. Due to its cost effectiveness and minimal wastage, LPG is being increasingly employed in both commercial and household sectors, worldwide. In addition to its use as a cooking fuel, LPG is utilized as a feedstock in petrochemical plants, food processing plants, metal processing plants, ceramic industries, etc.

Consumption of LPG in household segment is surging across the globe, especially in Asia-Pacific region, owing to the region's huge and expanding population base. Rising LPG imports and augmenting demand for cleaner fuel, predominantly by major developing economies such as India and China, is expected to fuel LPG consumption, globally, during the forecast period.

In 2016, North America was the largest producer of LPG, and the region's LPG production is expected to further increase through 2026, which can be attributed to continuing growth in development of shale gas reserves in North America. Nevertheless, on the consumption side, Asia-Pacific is expected to continue its dominance as the largest LPG consumer, with the region having accounted for more than one-third of the global LPG consumption in 2016.

Global LPG Market 2012-2026 discusses the following aspects of global LPG market:

• Global LPG Market Size, Share & Forecast
• Segmental Analysis - By Application (Household, Commercial, Industrial, Transportation & Others)
• Regional Analysis - Asia-Pacific, North America, Europe, Middle East & Africa and South America
• Changing Market Trends & Emerging Opportunities
• Competitive Landscape & Strategic Recommendations

Market Trends & Developments

• Growing LPG Imports
• Rise of LPG as Petroleum Feedstock
• Surging LPG Production Post-sanctions on Iran
• Increasing Prices of Naphtha
• Augmenting Production of Natural Gas Liquids in United States
• Growth in Seaborne Exports
• Use of LPG for Power Generation and PDH Production
• Growing Refinery Expansions

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Analyst View

4. Global LPG Market Outlook

5. Asia-Pacific LPG Market Outlook

6. North America LPG Market Outlook

7. Europe LPG Market Outlook

8. Middle East & Africa LPG Market Outlook

9. South America LPG Market Outlook

10. Market Dynamics

11. Market Trends & Developments

12. Competitive Landscape

13. Strategic Recommendations

Companies Mentioned

• Abu Dhabi national oil Company
• BP p.l.c.
• CNOOC Limited
• Chevron Corporation
• China Petroleum and Chemical Corporation
• Exxon Mobil Corporation
• Gazprom
• Hindustan Petroleum Corporation Ltd.
• Indian Oil Corporation Ltd.
• Kuwait National Petroleum Company
• Oman Oil Company S.A.O.C.
• Petrobras
• Petrleos Mexicanos(Pemex)
• Phillips 66
• Qatar Petroleum
• Royal Dutch Shell Plc
• SHV Energy N.V.
• Saudi Aramco
• Statoil ASA
• Total S.A.

For more information about this report visit https://www.researchandmarkets.com/research/96nnwb/global_lpg_market?w=12

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         Related Topics: LPG (Liquefied Petroleum Gas)