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The Australia liquefied petroleum gas market size was valued at USD 5.02 billion in 2023. The market is further projected to grow at a CAGR of 3.6% between 2024 and 2032, reaching a value of USD 6.91 billion by 2032.
Some of the factors driving Australia liquefied petroleum gas market growth include the growing demand for LPG across various applications such as household, commercial, and industrial sectors, the supportive government initiatives promoting energy efficiency and sustainability, and the significant growth opportunities presented by infrastructure expansion. The production of LPG in Australia is predicted to grow beyond 5,024 kt by 2029, with reserves capable of satisfying the domestic market for over 20 years.
Additionally, the dominance of natural gas liquids in the LPG market due to their cleaner fuel characteristics have led to Australia liquefied petroleum gas market development. The Australian Bureau of Agricultural and Resource Economics (ABARE) forecasts that production of naturally occurring LPG will double by 2030, with large-scale natural gas projects expected to increase LPG production beyond ABARE's estimates.
With the increasing availability of high-efficiency electrical appliances, market players in Australia are exploring technological options to deliver zero-emissions gas to consumers. As per industry reports, this focus on emission reduction and technological innovation have guided the growth of the market.
LPG is being employed as a fuel for vehicles, offering a cleaner and more environmentally friendly alternative to traditional gasoline or diesel. Australia has a robust infrastructure for LPG distribution, with over 3,200 retail outlets across the nation, enabling easy access to LPG refuelling stations. This has contributed to the success of transportation sector's shift towards LPG.
LPG serves as a crucial raw material in the petrochemical industry, contributing to the manufacturing of plastics, chemicals, and other essential products. The segment's growth is fuelled by the petrochemical sector's need for reliable and efficient energy sources, positioning LPG as a key component in this industry. In agriculture, LPG is used for heating, drying, and powering equipment, enhancing productivity and efficiency on farms.
Australia Liquefied Petroleum Gas Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Source
Market Breakup by Application
Market Breakup by Region
Market players are focused on exploring technological options to deliver low-emissions or zero-emissions gas to consumers.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Source |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Liquefied Petroleum Gas Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Liquefied Petroleum Gas Historical Market (2018-2023)
8.3 Asia Pacific Liquefied Petroleum Gas Market Forecast (2024-2032)
9 Australia Liquefied Petroleum Gas Market Overview
9.1 Key Industry Highlights
9.2 Australia Liquefied Petroleum Gas Market Historical Market (2018-2023)
9.3 Australia Liquefied Petroleum Gas Market Forecast (2024-2032)
10 Australia Liquefied Petroleum Gas Market by Source
10.1 Associated Gas
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Non-Associated Gas
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Refinery
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Australia Liquefied Petroleum Gas Market by Application
11.1 Refinery and Petrochemical
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Industrial
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Agriculture
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Commercial
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Residential
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Transportation
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Others
12 Australia Liquefied Petroleum Gas Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code – 271111)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 BP Australia Pty Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Shell Australia Pty Limited
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 BOC Australia
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Elgas Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Coregas Pty Ltd
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Liquefied Petroleum Gas Market: Key Industry Highlights, 2018 and 2032
2. Australia Liquefied Petroleum Gas Market: Key Industry Highlights, 2018 and 2032
3. Australia Liquefied Petroleum Gas Market Historical Market: Breakup by Source (USD Billion), 2018-2023
4. Australia Liquefied Petroleum Gas Market Forecast: Breakup by Source (USD Billion), 2024-2032
5. Australia Liquefied Petroleum Gas Market Historical Market: Breakup by Supply Mode (USD Billion), 2018-2023
6. Australia Liquefied Petroleum Gas Market Forecast: Breakup by Supply Mode (USD Billion), 2024-2032
7. Australia Liquefied Petroleum Gas Market Historical Market: Breakup by Application (USD Billion), 2018-2023
8. Australia Liquefied Petroleum Gas Market Forecast: Breakup by Application (USD Billion), 2024-2032
9. Australia Liquefied Petroleum Gas Market Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Australia Liquefied Petroleum Gas Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. Australia Liquefied Petroleum Gas Market Structure
In 2023, the market reached an approximate value of USD 5.02 billion.
The market is expected to grow at a CAGR of 3.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 6.91 billion by 2032.
The market is being driven due to growing residential and commercial demand for LPG, supportive government initiatives and policies, and the dominance of natural gas liquids in the market.
Key trends aiding the market expansion include Australia's shift towards net-zero emissions, increasing availability of high-efficiency electrical appliances, and urbanisation and infrastructure expansion.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different applications of by LPG are refinery and petrochemical, industrial, agriculture, commercial, residential, and transportation, among others.
Based on source, the market segmentations include associated gas, non-associated gas, and refinery.
Key players in this market include BP Australia Pty Limited, Shell Australia Pty Limited, BOC Australia, Elgas Ltd., and Coregas Pty Ltd, among others.
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