The Asia-Pacific Liquefied Petroleum Gas Market is Estimated to Reach $100 Billion by 2019 – A Report By MicroMarket Monitor

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This report studies the Asia-Pacific liquefied petroleum gas market for the forecast period of 2014 to 2019. The market is expected to reach $100 billion by 2019, at CAGR of 5.3% from 2014 to 2019.

MicroMarket Monitor

MicroMarket Monitor

Key players in the Asia-Pacific liquefied petroleum gas market include Gazprom, PetroChina, Sinopec, Shell, Petronas, Exxon Mobil, BP, Petron, and Phillips 66.

The Asia-Pacific liquefied petroleum gas market is classified on the basis of source, application, and country. Source segment is further categorized into refineries, non-associated, and associated. The application segment is classified as residential/commercial, chemical, industrial, auto fuel, and others. Countries taken into consideration are China, Japan, India, South Korea, and others.

Browse through the TOC of The Asia-Pacific Liquefied Petroleum Gas Market for an analysis of industry trends, segments & forecasts.

As of 2014, the market in China accounted the largest share in the Asia-Pacific liquefied petroleum gas market, followed by Japan. The residential/commercial application of LPG is accounted a maximum share in 2014, followed by chemical application. Considering the LPG sources, refinery is expected to account a major share, whereas non-associated source is expected to grow at a CAGR within the forecast period.

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Globally, the Asia-Pacific LPG market is considered to be one of the largest markets, and is expected to retain its position in the coming years. Factors such as large population base, growing liquefied petroleum gas demand, lower carbon emissions and ease of use are driving the growth of this market.

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Factors such as high cost of LPG distribution, risk of explosion, and others are restricting the growth of this market. However, increasing governmental promotions for use of LPG offer new growth opportunities to the market players.
PetroChina, Sinopec, Shell, Exxon Mobil, BP, Petron, Chevron, IOCL and Phillips 66 are the major players in the Asia-Pacific liquefied petroleum gas market.

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Eurasia Liquefied Petroleum Gas

The growth of the liquefied petroleum gas market is driven by factors such as environmental concerns, energy-efficiency, government promotion of the use of LPG, and ease of use. However, factors such as high costs of LPG distribution, potential risk of explosion, and inconsistent LPG prices are expected to restrain the growth of this market in the coming years.

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MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Oil & Gas industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Oil & Gas industry are updated on quarterly basis and are easily available for purchase through annual subscriptions.

About MicroMarket Monitor:

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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