IMARC Group’s report titled “Liquefied Petroleum Gas (LPG) Market Report by Source (Refinery, Associated Gas, Non-Associated Gas), Application (Residential, Commercial, Refinery and Petrochemical, Transportation, and Others), Supply Mode (Packaged, Bulk and On-site), and Region 2025-2033”, The global liquefied petroleum gas market size reached USD 144.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 197.3 Billion by 2033, exhibiting a growth rate (CAGR) of 3.32% during 2025-2033.
Factors Affecting the Growth of the Liquefied Petroleum Gas (LPG) Industry:
Shift Towards Cleaner Fuels:
The world is choosing cleaner energy, and Liquefied Petroleum Gas (LPG) is becoming a favorite. It creates less pollution compared to fuels like coal and diesel. Governments are making stricter rules to cut pollution, pushing people and businesses to use LPG for cooking, heating, and other needs. In homes, LPG is popular for cooking and heating, especially in areas without natural gas. It’s also being used more in vehicles as a cleaner and cheaper fuel than gasoline or diesel. As people care more about the environment, the LPG market is growing, with more money being spent on better storage and delivery systems.
New Technology in LPG:
LPG is getting safer and easier to use thanks to new technology. Advanced devices now use LPG more efficiently and produce less pollution, helping both homes and businesses. LPG-powered vehicles are also improving, making them more affordable and reliable. Smart systems, like remote monitoring and automatic controls, are making LPG even safer and simpler to use. With companies working on better technology, LPG is becoming a trusted choice for many uses.
Growing Use in Developing Countries:
In developing countries, energy demand is rising as more people move to cities and industries grow. These countries are switching from traditional fuels like wood to LPG, which is cleaner and more efficient. Governments in regions like Asia, Africa, and Latin America are helping people use LPG by offering subsidies, building better supply systems, and raising awareness. Expanding LPG delivery to rural areas is also making it easier for people to access this cleaner fuel.
Grab a sample PDF of this report: https://www.imarcgroup.com/liquefied-petroleum-gas-market/requestsample
Leading Companies Operating in the Liquefied Petroleum Gas (LPG) Industry:
Bharat Petroleum Corporation Limited
BP P.L.C.
Chevron Corporation
China Gas Holdings Ltd.
Exxon Mobil Corporation
Origin Energy Limited
Petroliam Nasional Berhad
Phillips 66 Company
Repsol S.A.
Royal Dutch Shell PLC
Valero Energy Corporation
Liquefied Petroleum Gas Market Report Segmentation:
Breakup By Source:
Refinery
Associated Gas
Non-Associated Gas
Breakup By Application:
Residential
Commercial
Refinery and Petrochemical
Transportation
Others
Breakup By Supply Mode:
Packaged
Bulk and On-site
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Liquefied Petroleum Gas (LPG) Market Trends:
The LPG market is growing fast because of stricter pollution rules and changing preferences. More vehicles are using LPG as a cheaper and cleaner option as fuel prices increase. New technologies are making LPG storage and delivery safer and more reliable. Factories and industries are also choosing LPG because it’s efficient and good for the environment. Partnerships between LPG companies and tech firms are leading to even better solutions, boosting the market further. In short, LPG has a bright future as people focus on clean energy, better technology, and growing demand worldwide.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1–631–791–1145