Liquefied Petroleum Gas (Lpg) Market Growth 2014 - 2020

Transparency Market

Research

Liquefied Petroleum Gas Market for Residential/Commercial, Petrochemical and

Refinery, Industrial, Transportation and Other Applications - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2014 - 2020

Published Date

2014-09-05

119 Page Report

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Press Release

Global Liquefied Petroleum Gas Market is expected to reach USD

299.05 billion in 2020

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Liquefied Petroleum Gas Market

REPORT DESCRIPTION

Transparency Market Research has released a new market report titled “Liquefied Petroleum Gas (LPG) Market - Global

Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.” According to the report, the global LPG market

was valued at USD 233.83 billion in 2013 and is anticipated to reach USD 299.05 billion in 2020, expanding at a CAGR of

3.4% from 2014 to 2020.

Browse the full Liquefied Petroleum Gas Market report at http://www.transparencymarketresearch.com/liquefiedpetroleum-gas-market.html

Liquefied petroleum gas (LPG) is a mixture of propane and butane which finds applications in multiple end user segments.

LPG is primarily used by the residential and commercial segment. Within this segment, LPG is majorly used as a cooking

fuel, although other uses include heating and lighting. In 2013, the residential and commercial segment was the largest

consumer of LPG, accounting for over 60% of the global consumption. The Autogas segment is likely to be one of the

fastest growing end user markets of LPG within the forecast period. Attractive environmental benefits of using Autogas

coupled with smaller payback periods for adopters are resulting in rapid adoption of LPG as a transportation fuel. Another

attractive end user segment for LPG is likely to be the refinery and...