[English Market Research Report] Global Market for Liquefied Petroleum Gas (LPG)
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The global market for liquefied petroleum gas (LPG) was valued at approximately 117.3 billion USD in 2022 and is projected to grow at a healthy growth rate of over 3.7% during the forecast period from 2023 to 2030. Liquefied petroleum gas (LPG), also known as propane, is a flammable hydrocarbon gas that is widely used as a clean and environmentally friendly fuel due to its non-toxic and sulfur-free properties. Composed mainly of propane (C3H8) and butane (C4H10), LPG contains trace amounts of other hydrocarbons and is valued for its storage capabilities that enhance portability. This characteristic makes LPG a versatile energy option for companies operating in areas where pipeline gas is not available. LPG is a preferred energy option because it has low sulfur and carbon emissions, making it environmentally friendly. With a high flash point and lower greenhouse gas emissions compared to other fuels, it is widely used for steam generation in process industries and cooking in households.
- Company:グローバルインフォメーション
- Price:500,000 yen-1 million yen