FORT WORTH, Texas, February 27, 2015 /PRNewswire/ --
The Asia-Pacific liquefied
petroleum gas market is classified on the basis of source,
application, and country. Source segment is further categorized
into refineries, non-associated, and associated. The application
segment is classified as residential/commercial, chemical,
industrial, auto fuel, and others. Countries taken into
consideration are China,
Japan, India, South
Korea, and others.
Browse through the TOC of asia pacific liquefied petroleum gas
market for an in-depth analysis of the industry trends and
segments, with help of various tables and figures.
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As of 2014, the market in China
accounted the largest share in the Asia-Pacific liquefied petroleum gas market,
followed by Japan. The
residential/commercial application of LPG is accounted a maximum
share in 2014, followed by chemical application. Considering the
LPG sources, refinery is expected to account a major share, whereas
non-associated source is expected to grow at a CAGR within the
forecast period.
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Globally, the Asia-Pacific LPG market is considered to be one of
the largest markets, and is expected to retain its position in the
coming years. Factors such as large population base, growing
liquefied petroleum gas demand, lower carbon emissions and ease of
use are driving the growth of this market.
Factors such as high cost of LPG distribution, risk of
explosion, and others are restricting the growth of this market.
However, increasing governmental promotions for use of LPG offer
new growth opportunities to the market players. PetroChina,
Sinopec, Shell, Exxon Mobil, BP, Petron, Chevron, IOCL and Phillips
66 are the major players in the Asia-Pacific liquefied petroleum gas
market.
Related Reports:
The growth of the liquefied petroleum gas market is driven by
factors such as environmental concerns, energy-efficiency,
government promotion of the use of LPG, and ease of use. However,
factors such as high costs of LPG distribution, potential risk of
explosion, and inconsistent LPG prices are expected to restrain the
growth of this market in the coming years.
http://www.micromarketmonitor.com/market/eurasia-liquefied-petroleum-gas-6805931753.html
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