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  5. > Asia Pacific Liquefied Petroleum Gas Market by Sources, by Application, by Countries - Regional Trends & Forecast to 2019

The Asia-Pacific LPG market was valued at $73.6 billion in 2013 and is expected to reach $100.2 billion by 2019, at a CAGR of 5.3% from 2014 to 2019. China is expected to have a market share of 29.2% in the APAC LPG market by 2019, and is projected to grow at a CAGR of 5.7% from 2014 to 2019. The LPG market in the APAC region is segregated and analyzed based on the major countries of the region, such as China, India, Japan, and South Korea. The drivers of the APAC LPG market are the need for lower carbon emissions and energy-efficiency; government promotion of the use of LPG; and ease of use. Some of the constraints of the APAC LPG market include high costs of LPG distribution, potential risks of explosion, and inconsistent LPG prices.

The initiatives taken up by regional governmental organizations to promote the use of LPG, which has lower carbon emissions in comparison with the existing fuel sources, are important drivers of the growth of the APAC LPG market. However, the most important factor that may influence the growth trends of the market is the ease of use of LPG as a fuel. LPG is gaining importance due to its possible uses in various applications. It is a flexible fuel that can effectively replace nearly all regularly used fuels in most applications.

Apart from this, the energy efficiency of LPG is expected to certainly aid the growth of the LPG market in future. On the basis of source, the LPG market is divided into refineries, associated gases, and non-associated gases. In terms of volume, the APAC LPG market consumed 86.0 million tons in 2013; and with the growing demand from developing countries for domestic consumption, the volume of LPG consumption is expected to reach 110.2 million tons in the APAC region, by 2019. This growth is expected to be a rise at a CAGR of 4.2% from 2014 to 2019. Among the sources, the non-associated gases segment is expected to grow at the fastest CAGR of 5.8% from 2014 to 2019.

On the basis of application, the APAC LPG market is divided into commercial, industrial, chemical, and auto gas. The residential/commercial application of LPG is expected to drive the APAC LPG market, followed by the chemical and auto gas segments. This is resultant of the strong demand from developing regions such as Pakistan, Sri Lanka, Afghanistan, and Bangladesh.

Geographically, the APAC region is divided among major LPG-using countries such as China, Japan, India, and South Korea. India and China are expected to grow at CAGRs of 5.9% and 5.7%, respectively, due to factors such as the increase in population, cheap source of resource, and easy availability.

The APAC LPG market is a competitive market with a number of market players with niche technologies. As of 2014, the APAC market is dominated by Sinopec, JX Nippon Petro China, Exxon Mobil Corporation, Royal Dutch Shell, and IOCL, among others. New product launches, partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by most market players to grow in the APAC LPG market.

Reasons to Buy the Report:

From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends and PEST analysis), market share analysis of top players, supply chain analysis, and company profiles, which together discuss the basic views on the competitive landscape of the market, along with details of the emerging and high-growth segments of the APAC LPG market; high-growth countries & their respective regulatory policies; government initiatives; and market drivers, restraints, and opportunities.

The report will enrich both the established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms, garner a greater market share. Firms that purchase the report could use any one or a combination of the five strategies mentioned below (market penetration, product development

Table Of Contents

Asia Pacific Liquefied Petroleum Gas Market by Sources, by Application, by Countries - Regional Trends and Forecast to 2019
TABLE OF CONTENTS

1 INTRODUCTION 10
1.1 OBJECTIVES OF THE STUDY 10
1.2 MARKET DEFINITION AND SCOPE OF THE STUDY 11
1.3 MARKETS COVERED 11
1.4 STAKEHOLDERS 12
2 RESEARCH METHODOLOGY 13
2.1 INTEGRATED ECOSYSTEM OF LPG MARKET 13
2.2 ARRIVING AT THE APAC LPG MARKET SIZE 14
2.3 TOP-DOWN APPROACH 14
2.4 BOTTOM-UP APPROACH 15
2.5 DEMAND SIDE APPROACH 16
2.6 MACRO INDICATOR - BASED APPROACH 17
2.7 ASSUMPTIONS 18
3 EXECUTIVE SUMMARY 19
4 MARKET OVERVIEW 21
4.1 INTRODUCTION 21
4.2 DRIVERS AND INHIBITORS OF THE APAC LPG MARKET 23
4.2.1 AUXILIARY TABLES 24
4.3 IMPACT ANALYSIS 25
4.3.1 IMPACT ANALYSIS OF DRIVERS 25
4.4 KEY MARKET DYNAMICS 25
4.5 DEMAND SIDE ANALYSIS 26
5 LIQUEFIED PETROLEUM GAS MARKET, BY SOURCE 27
5.1 INTRODUCTION 27
5.2 APAC LPG MARKET, BY SOURCE 28
5.2.1 APAC LPG MARKET, BY SOURCE 30
6 LIQUEFIED PETROLEUM GAS MARKET, BY APPLICATION 32
6.1 INTRODUCTION 32
6.2 APAC LPG MARKET, BY APPLICATION 33
6.3 APAC RESIDENTIAL/COMMERCIAL LPG MARKET, BY COUNTRY 34
6.3.1 APAC RESIDENTIAL/COMMERCIAL LPG MARKET, BY COUNTRY 34
6.4 APAC CHEMICAL LPG MARKET, BY COUNTRY 35
6.5 APAC INDUSTRIAL LPG MARKET, BY COUNTRY 37
6.6 APAC AUTO GAS LPG MARKET, BY COUNTRY 38
7 APAC LIQUEFIED PETROLEUM GAS MARKET, BY COUNTRY 41
7.1 INTRODUCTION 41
7.2 APAC LPG MARKET, BY COUNTRY 42
7.2.1 CHINA LPG MARKET, BY APPLICATION,2013-2019 43
7.2.2 JAPAN LPG MARKET, BY APPLICATION,2013-2019 45
7.2.3 INDIA LPG MARKET, BY APPLICATION,2013-2019 46
7.2.4 SOUTH KOREA LPG MARKET, BY APPLICATION,2013-2019 47
8 APAC LIQUEFIED PETROLEUM GAS MARKET: COMPETITIVE LANDSCAPE 50
8.1 LPG MARKET: COMPANY SHARE ANALYSIS 50
8.2 COMPETITIVE LANDSCAPE 51
8.2.1 EXPANSION 51
8.2.2 JOINT VENTURES/ PARTNERSHIP 51
8.2.3 AGREEMENTS 52
8.2.4 MERGERS and ACQUISITIONS 52
8.2.5 NEW TECHNOLOGY 53
9 APAC LPG MARKET, BY COMPANY 54
9.1 SINOPEC (CHINA PETROLEUM and CHEMICAL CORP.) 54
9.1.1 OVERVIEW 54
9.1.2 KEY FINANCIALS 54
9.1.3 PRODUCT AND SERVICE OFFERINGS 55
9.1.4 COMPANY DEVELOPMENTS 56
9.2 JX NIPPON OIL and ENERGY CORPORATION 57
9.2.1 OVERVIEW 57
9.2.2 COMPANY FINANCIALS 57
9.2.3 PRODUCT AND SERVICE OFFERINGS 57
9.2.4 COMPANY DEVELOPMENTS 58
9.3 PETROCHINA COMPANY LIMITED 59
9.3.1 OVERVIEW 59
9.3.2 COMPANY FINANCIALS 59
9.3.3 PRODUCT AND SERVICE OFFERINGS 60
9.3.4 COMPANY DEVELOPMENTS 61
9.4 EXXON MOBIL CORP 62
9.4.1 OVERVIEW 62
9.4.2 KEY FINANCIALS 62
9.4.3 PRODUCT AND SERVICE OFFERINGS 63
9.4.4 COMPANY DEVELOPMENTS 64
9.5 RELIANCE INDUSTRIES LIMITED 65
9.5.1 OVERVIEW 65
9.5.2 KEY FINANCIALS 65
9.5.3 PRODUCT AND SERVICE OFFERINGS 66
9.5.4 COMPANY DEVELOPMENTS 67
9.6 ROYAL DUTCH SHELL 68
9.6.1 OVERVIEW 68
9.6.2 KEY FINANCIALS 68
9.6.3 PRODUCT AND SERVICE OFFERINGS 69
9.6.4 COMPANY DEVELOPMENTS 70
9.7 INDIAN OIL CORP. 71
9.7.1 OVERVIEW 71
9.7.2 KEY FINANCIALS 71
9.7.3 PRODUCT AND SERVICE OFFERINGS 72
9.7.4 COMPANY DEVELOPMENTS 73




LIST OF TABLES



TABLE 1 APAC LPG APPLICATION MARKET, 2014 (MILLION TONS) 16
TABLE 2 CRUDE OIL PRODUCTION, BY COUNTRY, 2009-2013 (1,000 BARRELS/DAY) 17
TABLE 3 APAC LIQUEFIED PETROLEUM GAS MARKET: DRIVERS AND INHIBITORS 23
TABLE 4 CARBON EMISSIONS FROM DIFFERENT FUELS (KG CO2/MMBTU) 24
TABLE 5 ENERGY CONTENT OF DIFFERENT FUELS, (KILOJOULE/KG) 25
TABLE 6 APAC LPG MARKET, BY SOURCE, 2013-2019 (MILLION TONS) 28
TABLE 7 APAC LPG MARKET, BY SOURCE, 2013-2019 (USD BILLION) 29
TABLE 8 APAC LPG MARKET SIZE, BY SOURCE, 2013-2019 (MILLION TONS) 30
TABLE 9 APAC LPG MARKET SIZE, BY SOURCE, 2013-2019 (USD BILLION) 30
TABLE 10 APAC LPG MARKET, BY APPLICATION, 2013-2019 (MILLION TONS) 33
TABLE 11 APAC LPG MARKET, BY APPLICATION, 2013-2019 (USD BILLION) 33
TABLE 12 APAC RESIDENTIAL/COMMERCIAL LPG MARKET, BY COUNTRY,
2013-2019 (MILLION TONS) 34
TABLE 13 APAC RES

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