Please enable JavaScript in your web browser settings, under the site permissions section to unlock full site functionality. Click here for help.

Article Image - Asia Pacific Liquefied Petroleum Gas Market is Expected to Reach $100 Billion

Posted 27th February 2015

Asia Pacific Liquefied Petroleum Gas Market is Expected to Reach $100 Billion

Market expected to reach $100 billion by 2019, at a CAGR of 5.3% From 2014 to 2019

Scroll to keep reading

Asia Pacific Liquefied Petroleum Gas Market is Expected to Reach $100 Billion

Asia Pacific Liquefied Petroleum Gas Market Expected to Reach $100 Billion by 2019

The Asia Pacific Liquefied Petroleum Gas Market is expected to reach $100 billion by 2019 at a CAGR of 5.3% from 2014 to 2019, a new report by MicroMarket Monitor revealed.

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.

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.

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.

To view the full report, visit www.micromarketmonitor.com

Categories: Finance

You Might Also Like

CC McLays Completes Acquisition of TPSG Procurement

18/06/2024CC McLays Completes Acquisition of TPSG Procurement

CCS McLays has successfully acquired TPSG Procurement as it looks to strengthen its presence in the food and retail packaging sectors as part of its growth strategy.

Most Innovative Law Firm – Canada (Energy Sector)

07/06/2016Most Innovative Law Firm – Canada (Energy Sector)

Regulatory Law Chambers (“RLC”) is a Calgary-based boutique law firm dedicated to excellence in energy regulatory matters.

How to Include Sustainability Initiatives in Email Signatures to Improve Customer Conversion

Corporate Social Responsibility

21/08/2024How to Include Sustainability Initiatives in Email Signatures to Improve Customer Conversion

A recent report highlighted that 63% of consumers are more likely to purchase products from companies that prioritize and highlight their sustainability initiatives. With 7 in 10 customers influenced by a businesses green credentials, it's important that brand

KPMG Yorkshire Advise Redhall Group During Cape PLC’s Acquisition

10/06/2015KPMG Yorkshire Advise Redhall Group During Cape PLC’s Acquisition

KPMG Yorkshire Advise Redhall Group During Cape PLC's Acquisition

Are Your Business and Personal Brands Prepared for AI? Expert Says Most Aren’t

28/04/2023Are Your Business and Personal Brands Prepared for AI? Expert Says Most Aren’t

The online competition for attention and engagement has never been more intense. And the rapid rise of AI is exponentially increasing the tension, bringing things to a game-changing level. To stand out from the crowd and compete, leaders need to get their pers

5 Smart Ways to Automate Your Packaging Processes

01/12/20215 Smart Ways to Automate Your Packaging Processes

Packaging is an integral component of a manufacturing or distributing business. Regardless of the type of products or goods you're offering, it's critical that you pay attention to how you pack your items so that you can provide your customers with the best se

What to Look for When You Are Switching to a New Credit Card

05/12/2022What to Look for When You Are Switching to a New Credit Card

According to a May 2021 Federal Reserve report, as many as 83% of Americans have at least one credit card, leaving approximately 17% that currently don’t have a line of credit. But it’s becoming more complicated to live without a credit card, given how oft

Contract Management Systems 101 Definition, Benefits, and Best Contract Management Software

03/04/2025Contract Management Systems 101 Definition, Benefits, and Best Contract Management Software

Contracts are a crucial part of running a business, but managing them can be difficult. Not every organisation has the budget for a dedicated legal department or the time to turn to third-party partners for every document. The best contract management systems

Who Are the Best Credit Rating Agencies?

16/08/2024Who Are the Best Credit Rating Agencies?

Credit rating agencies (CRAs) play a critical role in financial markets by providing a standardized assessment of an entity’s creditworthiness. These appraisals estimate the level of risk involved with investing in debt instruments, including bonds, pref

View More Articles

Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

MORE BRANDS