Panama Canal Expansion Redefines Liquefied Petroleum Gas Trade, Global LPG Market to Exceed US$299 Bn by 2020
While on one hand the cheap and easy availability of liquefied petroleum gas (LPG) is driving more consumers in Asia Pacific and Latin America to use LPG as a fuel, the volatile crude oil prices are restraining the market's growth. As a result of these factors, the global LPG market is expected to post a 3.4% CAGR between 2014 and 2020. Globally, the LPG market in 2013 stood at US$233.83 bn. TMR expects the global LPG market to reach US$299.05...
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