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Based on the source, the natural gas liquid sub-segment is expected to hold the largest share of the market. The primary factor supporting the segment's growth includes the versatility and wide range of applications across various industries. NGLs, which include ethane, propane, butane, and pentane, are by-products of natural gas production and crude oil refining. They serve as essential feedstocks to produce LPG, which is used for heating, cooking, transportation, and industrial processes. The increasing demand for LPG as a cleaner alternative to traditional fuels, particularly in emerging economies, drives the need for NGLs as feedstock for LPG production. Additionally, the petrochemical industry relies on NGLs as raw materials to produce plastics, synthetic rubber, and other chemical products, further boosting their demand in the market.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Liquefied Petroleum Gas Market Report Segment
By Source
- Natural gas liquid
- Crude oil
By Application
- Residential
- Commercial
- Chemical
- Industrial
- Autogas
- Refinery
Global Liquefied Petroleum Gas Market Report Segment by Region
North America
- United States
- copyright
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global liquefied petroleum gas market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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