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

Litigation Lawyer of the Year 2016 – Ireland

20/05/2016Litigation Lawyer of the Year 2016 – Ireland

Based in West Limerick in Ireland, PG McMahon Solicitors are a long established firm with a wide private client and business base.

Autonomous Technology Can Mitigate the Business Impact of the Coronavirus

12/03/2020Autonomous Technology Can Mitigate the Business Impact of the Coronavirus

The coronavirus has exposed the soft underbelly of critical infrastructure and industrial sites worldwide – workforce availability. As more and more companies implement business continuity plans to deal with the outbreak, fewer and fewer employees are able t

Adapting to a Volatile Trading Market in 2022

15/06/2022Adapting to a Volatile Trading Market in 2022

Volatility is a common part of the trading landscape for experienced investors, but it’s still something many struggle with when it comes to securing and managing their portfolio. The transition from 2021 and 2022 has been a complex one for new investors and

The Future of Work Dichotomy in a Digital World

01/02/2023The Future of Work Dichotomy in a Digital World

Any business leader hoping to return to ‘traditional’ ways of working is on a fast-track to failure. That horse has bolted. Not only have employees re-evaluated the concept of work, but they have the experience that proves digital technologies enable a fun

Preventing Legal Hassles: Why Workers’ Compensation Insurance is Crucial for Businesses

07/08/2023Preventing Legal Hassles: Why Workers’ Compensation Insurance is Crucial for Businesses

When it comes to running a business, there are many factors to consider, including the well-being and safety of your employees.

Baker & McKenzie Advise During Walmark’s Acquisition of Pneumolan

20/08/2015Baker & McKenzie Advise During Walmark’s Acquisition of Pneumolan

Baker & McKenzie Advise During Walmark's Acquisition of Pneumolan

PenFed Credit Union Announces Merger with Belvoir Federal Credit Union

31/03/2016PenFed Credit Union Announces Merger with Belvoir Federal Credit Union

PenFed Credit Union, nearly $20 billion in assets, 1.4 million members and headquartered in Alexandria, Virginia, announced that it will merge with the Woodbridge, Virginia headquartered Belvoir Federal Credit Union, which has $320 million in assets and more t

Average Cost of a Data Breach Reaches An All-Time High of $4.45m, But AI and Automation Continue to Save Time and Money

24/08/2023Average Cost of a Data Breach Reaches An All-Time High of $4.45m, But AI and Automation Continue to Save Time and Money

IBM’s Cost of a Data Breach report has highlighted the increasing cost for companies that suffer a data breach. The report found that the average cost of a data breach is now at an all-time high of $4.45 million. This represents an increase from last year, u

Poor Customer Experience Hindering B2B Firms

09/12/2015Poor Customer Experience Hindering B2B Firms

Majority of B2B Companies Missing Out on Revenue Growth Due to Poor Customer Experience Performance, Accenture Study Finds

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 14 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