Global LPG Industry Press Release
Portland, OR -- (SBWIRE) -- 10/10/2017 -- Progressive Markets has published a report, titled, "Global Liquefied Petroleum Gas (LPG) Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014–2025." As per the report, LPG market is expected to register a CAGR of 4% from 2017 to 2025. Report provides a detailed analysis of key segments, leading market players, current developments, changing market trends & opportunities for the historic period, 2014–2016 and the forecast period, 2017–2025. The study is valuable source of guidance for market players to gather information on market conditions and determine strategies to be adopted to experience growth. Furthermore, it helps investors to gain information on investment suitability and gain maximum benefits on investments.
The report offers detailed segmentation of the global LPG market based on source, application, and geography. Based on the source, the market is classified into refineries, associated gas, and non-associated gas. Application segment is categorized into residential/commercial, chemical, industrial, refinery, auto fuel (transportation), and others. Geographically, it is divided across North America, Europe, Asia-Pacific, and LAMEA. Comprehensive analysis of market share is offered for each segment for the historic period and the forecast period with the help of tables and figures. Furthermore, revenue generated by each segment is outlined in the research with the help of tabular and graphical format.
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An executive summary of the global LPG market is offered in the study to assist leading market players, stakeholders, new entrants, and investors gain insights on market conditions and take strategic decisions to attain growth. Key findings are provided in the study based on investment pockets and winning strategies. Market attractiveness is discussed on the basis of short-term and long-term strategies to attain growth. Current market status is explored in study along with development status of the global industry. Competitive scenario of the market is highlighted to help market players gain an overview of competitive level of the industry and determine strategies to gain competitive advantage. Primary & secondary research methodologies are implemented to collect & validate data and information.
The research offers a extensive analysis of key market players operating in the global LPG industry. An overview of business for each player is offered in the study to help market players, investors, and new entrants to determine strategies to be adopted and steps to be taken to achieve growth in coming years. Investment feasibility analysis is offered in the study. Financial and business segmentation of each market player is discussed in the research. Recent developments by them are outlined in the research. Key market players analyzed in the research include BP plc. (UK), Aygaz AS (Turkey), ExxonMobil Corporation (U.S.), Royal Dutch Shell plc (Netherlands), Sinopec Limited (China), Indian Oil Corporation Ltd. (India), PetroChina Company Limited (China), Phillips 66 (U.S.), Oman Oil Company S.A.O.C. (Oman), and Qatar Petroleum (Qatar). These insights help them to take steps based on level of competition across the world. Furthermore, it assists to determine strategies for growth including partnerships, collaborations, agreements, mergers & acquisitions, and others.
Market landscape of the global LPG industry is offered based on drivers and restraints. Government initiatives supporting the consumption of LPG as a cooking and transportation fuel and growth in adoption of LPG as an auto fuel, especially in the Asia-Pacific region fuel growth in the industry. Consideration of LPG as a clean fuel as compared to others due to reduced carbon emissions and low cost supplements the growth. Volatility of crude oil prices result in unpredictability of LPG prices limits growth in the global market. Porter's Five Forces Analysis (PFFA) is offered in the study on the basis of bargaining power of buyers, bargaining power of suppliers, threat from substitutes, threat of new entrants, and industrial rivalry. It is helpful to gain understanding of competition across the globe and devise plans for business growth.
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