Industrial Gases & Cryogenic · Direct
Monitoring · monthlyProcurement Category Intelligence
LPG (Liquefied Petroleum Gas)
Overview
Market size
$124.5B
global, USD
CAGR
4.3%
base to forecast
Buyer power
-1.4
supplier-favoured
Suppliers
6
tracked players
Signals
12
5 high severity
Market outlook
2031$153.7B
What changed
Demand by region
Asia Pacific demand48%
Europe demand20%
North America demand16%
Rest of world demand16%
share of global demandtotal 100%
Cost drivers
Upstream extraction and feedstock costs55%
Refinery processing and fractionation15%
Marine freight and shipping logistics20%
Storage and terminaling operations10%
share of delivered cost (analyst estimate)