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Worldwide LPG Industry to 2026 - Players Include Repsol, Saudi Arabia Oil and Bharat Petroleum Among Others

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The global liquified petroleum gas (LPG) market is expected to grow at a compound annual growth rate of 4.91% over the forecast period to reach a market size of US$153.146 billion in 2026 from US$109.493 billion in 2020.
LPG is a by-product of propane and butane, and mainly extracted through refineries (crude oil) or natural gas (propane and butane s by-product), which differs area to area, such as in North America, majority of supply of LPG is from natural gases, where United States and Canada are the major exporters of LPG, and that in Asia Pacific is from refineries extraction. At global level, the majority of extraction of LPG in the market is from natural gas, mainly contributed by North America, Europe, Middle East. Considering the different methods of extraction (natural gas and refinery), the natural gas process is more appealing as it involves a gas separation facility, which extract ....

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Outlook on the LPG Global Market - The Industry is Expected to Reach $153 Billion in 2026

Outlook on the LPG Global Market - The Industry is Expected to Reach $153 Billion in 2026
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