Bio LPG market valuation to reach US$ 1.02 Bn by 2025.
With the LPG sector exploring almost a dozen different pathways to pave way for a decarbonized future, the bio LPG market is expected to register a double-digit growth. The publisher has predicted a remarkable 47% CAGR for the market between 2021 and 2025. However, the bid to reduce dependence on conventional LPG will be replete with several commercial and technological hurdles.
Produced from organic and renewable feedstock, bio LPG mimics the chemical structure of conventional LPG but with less than 80% carbon footprint, as per Liquid Gas Europe. The demand for impactful and affordable access to modern energy is increasing and this will continue helping the market gain impetus through the report s forecast period.
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