1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas
  5. > Refined Products Market Trends

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

  • February 2015
  • 74 pages
  • Micro Market Monitor
Report ID: 2827261


Table of Contents

Search Inside

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

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:


The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

The Kenyan Petroleum Industry 2017

  • $ 1680
  • Industry report
  • July 2017
  • by Who Owns Whom

The Kenyan Petroleum Industry: The Kenyan petroleum industry contributed an estimated 2.8% to GDP in 2016 with net domestic sales of petroleum products increasing by 6.5% to 5,044.2 thousand tonnes. Currently ...

India Crude Oil Refinery Outlook to 2022

  • $ 1500
  • Industry report
  • July 2017
  • by GlobalData

India Crude Oil Refinery Outlook to 2022 Summary "India Crude Oil Refinery Outlook to 2022", is a comprehensive report on crude oil refinery industry in India. The report also provides details on oil refineries ...

The 2018-2023 World Outlook for Liquefied Petroleum Gas

  • $ 995
  • Industry report
  • April 2017
  • by ICON Group

This study covers the world outlook for liquefied petroleum gas across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), ...


Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.