DUBLIN, Sept. 17, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Liquefied Petroleum Gas (LPG) Market 2014-2018" report to their offering.
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Liquefied Petroleum Gas (LPG) is a type of hydrocarbon, consisting of propane or butane. These are usually in gas form at atmospheric temperature and pressure, and liquefy when introduced in modest temperature or refrigeration (pure butane liquefies at 68 degrees Fahrenheit whereas pure propane liquefies at 131 degrees Fahrenheit), which makes it possible to transport or store LPG as liquid. LPG is stored or transported in pressurized cylindrical containers. It is produced during refining or extracted from natural gas production processes. LPG is clean, lower carbon, and an efficient source of energy for various end-user segments.
The analysts forecast the Global LPG market will grow at a CAGR of 4.0 percent over the period 2013-2018.
The Global LPG market can be segmented into five end-user categories: Residential, Chemical, Autofuel, Industrial, and Others.
The report, the Global LPG Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global LPG market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The increasing government support for LPG usage in vehicles is another major trend in the Global LPG market. In order to reduce emissions from local vehicles, many governments have announced incentives and support for LPG-based vehicles. For instance, the US Department of Energy has introduced a federal law and policy for LPG that covers alternative fuel tax exemption. The policy deems alternative fuels to be non-taxable with regard to federal fuel taxes under the Internal Revenue Service. Also, the Government of Hong Kong announced the LPG Vehicle Scheme in its 1999 policy that includes the provision of incentives in 2000 for the replacement of diesel taxis with LPG taxis. Thus, support from governments across the globe drives the demand for LPG globally.
According to the report, one of the main drivers in this market is an increase in global energy consumption. The rising demand for energy from various sectors has boosted the demand for different energy products such as LPG.
Further, the report states that one of the major challenges in this market is the capital-intensive nature of LPG projects. Many investors are reluctant to invest in LPG projects because of their need for high capital investment and their long gestation period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
05. Introduction
06. Market Landscape
07. Market Segmentation by Source
08. Market Segmentation by End-users
09. Geographical Segmentation
10. Key Leading Countries
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
19. Key Vendor Analysis
20. Other Reports in this Series
Companies Mentioned:
- BP
- Chevron
- ExxonMobil
- Phillips 66
- Royal Dutch Shell
- China Petroleum & Chemical
- China National Petroleum
- Petroliam Nasional
- Valero Energy
For more information visit http://www.researchandmarkets.com/research/x6wmzd/global_liquefied
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
