Wilmington, Delaware, United States, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The Global Liquefied Petroleum Gas Market is prognosticated to reach a value of US$ 321.6 Bn by the end of 2031, finds a review by Transparency Market Research (TMR). In addition, the study by TMR states that the market is expected to expand at a CAGR of 4.73% during the forecast period, from 2022 to 20301.
The regulatory bodies of several nations worldwide are promoting the use of liquefied petroleum gas due to surge in the environmental concerns globally. Furthermore, several governments are introducing favorable policies and providing tax concessions and subsidies to suppliers in order to boost the liquefied petroleum gas use. Such efforts are prognosticated to fuel the demand avenues in the market, states a TMR analysis that delivers thorough insights on the liquefied petroleum gas market trends.
The understanding about global warming and climate change is being increasing among people worldwide. This factor is encouraging populace to adopt liquefied petroleum gas owing to its ability to emit insignificant quantities of black carbon, state analysts at TMR. Furthermore, the global market for liquefied petroleum gas is anticipated to gain lucrative avenues in the forthcoming years owing to rise in the product demand due to surge in the global population, note researchers at TMR.
Request Sample Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=491
Liquefied Petroleum Gas Market: Key Findings
- Liquefied petroleum gas is gaining traction as an efficient, clean, and portage energy source. Earlier, the liquefied petroleum gas was being produced primarily during oil production activities. In the recent years, major companies in the liquefied petroleum gas market are seen utilizing next-gen techniques that use renewable resources for liquefied petroleum gas production. The popularity of liquefied petroleum gas is being rising globally owing to its unique properties due to which it can be utilized in varied industrial sectors for manifold applications.
- The liquefied petroleum gas market is anticipated to significant business opportunities in the Asia Pacific region during the forecast period. This growth is ascribed to rise in the utilization of liquefied petroleum gas in the regional residential sector as a smoke-free clean-burning fuel for indoor cooking activities, states a liquefied petroleum gas market growth forecast by TMR.
- In addition to the residential and commercial sectors, liquefied petroleum gas is being utilized in various other industry verticals such as the petrochemical, industrial, transportation, and refinery sectors. Hence, the expansion of these industries is creating profitable prospects in the liquefied petroleum gas market. The adoption of the liquefied petroleum gas is being increasing globally owing to its ability to play important role in reducing deforestation and desertification. This factor, in turn, is foreseen to drive the liquefied petroleum gas market growth in the near future.
Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=491
Liquefied Petroleum Gas Market: Growth Boosters
- Surge in the investments in the oil and gas industry across the globe is anticipated to fuel the expansion of the liquefied petroleum gas market size in the near future
- Increase in the utilization of this gas from several emerging economies is likely to drive the growth of the liquefied petroleum gas market shares during the forecast period
Liquefied Petroleum Gas Market: Key Players
Some of the key players profiled in the report are:
- Exxon Mobil Corporation
- British Petroleum plc
- UGI Corporation
- Royal Dutch Shell plc
- China Gas Holdings Limited
- Kleenheat Gas Pty Limited
- Repsol S.A
- Copagaz Distribuidora De Gas Ltda
- SHV Energy N.V.
- Origin Energy
Ask References - https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=491
Liquefied Petroleum Gas Market Segmentation
Source
- Refinery
- Associated Gas
- Non-associated Gas
End User
- Residential/Commercial
- Petrochemical & Refinery
- Industrial
- Transportation
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Browse More Energy and Natural Resources by TMR:
Lead-acid Battery Scrap Market - Lead-acid Battery Scrap Market is Estimated to Progress at a CAGR of 10.47% during the Forecast Period 2022-2031
Biogas Market - Biogas Market is Estimated to Progress at a CAGR of 9% during the Forecast Period 2020-2030
Combined Heat and Power [CHP] Installation Market - Combined Heat and Power [CHP] Installation Market to Progress at a CAGR of 4.05% during the Forecast Period 2022-2031
Small Hydropower Market - Small Hydropower Market is Estimated to Progress at a CAGR of 2.96% during the Forecast Period 2022-2031
Helium Market - Helium Market is Estimated to Progress at a CAGR of 4.1% during the Forecast Period 2022-2031
Aluminum-ion Battery Market - Aluminum-ion Battery Market is Estimated to Progress at a CAGR of 6.6% during the Forecast Period 2022-2031
Breathing Battery Market - Breathing Battery Market is Estimated to Progress at a CAGR of 8.5% during the Forecast Period 2022-2031
Sand Control Systems Market - Sand Control Systems Market is Estimated to Progress at a CAGR of 3.96% during the Forecast Period 2022-2031
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
