Liquefied Petroleum Gas (Lpg) Market Analysis, Market Size, Share, Regional Outlook, Industry Trends, Competitive Strategies and Segment Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Liquefied Petroleum Gas (LPG) Market Analysis, Market

Size, Share, Regional Outlook, Industry Trends, Competitive

Strategies And Segment Forecasts, 2012 To 2020

Industry Insight

Traditional application of liquefied petroleum gas (LPG) is for cooking purpose which was dominant

driving factor and it is going to continue its impact on the growth of LPG market over the forecast

period. LPG is considered more clean fuel as compared with coal and beneficial for environment and

hence recommended by government. Hence, Government provides subsidies in purchase of LPG which

is expected to be the factor to further drive the market in coming years.

India is one of the countries which provides subsidy on LPG cylinder purchase. LPG market is expected to

witness the growth due to its usage as transportation fuel owing to the low cost and environment

friendly characteristics when compared with gasoline and diesel. Due to increasing demand of gas and

oil, LPG demand is also growing, making profits to industry. LPG gas is produced from associated

conventional gases and non-associated conventional gases.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

However, Market major growth of LPG gas is expected from LPG produced from non-associated

conventional gas, while production from associated conventional gas is expected to grow at a slower

rate. LPG is replacing other fuel substitutes due to its environment friendly characteristics, which is

expected to drive the market in coming years. Increasing use of LPG in automobile is going to impact the

LPG gas market over the forecast period.

Key drivers such as cost saving, government incentives and emission norms are expected to drive the

growth of LPG market. However, substitutes like CNG, coal, induction among others are expected to

restraint the...