Key players in The Europe Liquefied Petroleum Gas market include Shell, Exxon Mobil, BP, Gazprom, and Phillips 66.
(PRWEB) February 19, 2015
The Europe Liquefied Petroleum Gas Market report studies the Europe liquefied petroleum gas market for the forecast period of 2014 to 2019. The market is expected to reach ~$40 billion by 2019, at CAGR of 3.2% from 2014 to 2019.
Browse through the TOC of The Europe Liquefied Petroleum Gas market for an analysis of industry trends, segments & forecasts.
The Eurasian liquefied petroleum gas market is classified on the basis of source, application, and country. In terms of sources, the market covers refineries, non-associated, and associated gases. The application segment includes residential/commercial, chemical, industrial, auto fuel, and others. Countries taken into consideration are Russia, the Netherlands, the U.K., France, and others.
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The market in Russia is considered to account the largest share of the Eurasian liquefied petroleum gas market, followed by the Netherlands in 2014. The residential/commercial application is expected to account for maximum share in this region. However, the auto fuel application of LPG is estimated to grow at a CAGR of 4.9% from 2014 to 2019. Low carbon emission and wide applicability of LPG are some of the major factors accelerating the growth of this market.
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In this market, the refineries segment is dominating the sources section having accounted a major share in 2014, whereas associated gases are considered to be the highest growing segment within the forecast period in this region.
North America Liquid Petroleum Gas
The North America liquefied petroleum gas market is estimated to grow at a CAGR of 3.0% from 2014 to 2019. The mature markets, such as the U.S. holds large shares in the North America liquefied petroleum gas market, and Canada is expected to grow at the highest CAGR of 3.5% in the forecast period.
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