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Europe LPG Market: By Application: Household, Commercial, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments

Europe LPG Market Outlook

The Europe LPG market attained a volume of about 41.8 million tonnes in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 5.80% to reach nearly 58.6 million tonnes by 2027.

 

Europe LPG Market

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Rising Demand for LPG in the Transportation Industry Bolstering the Market Growth in Europe

The rising use of LPG as an alternative fuel in the transportation industry in the region is driving the growth of the market. With the growing demand for vehicles with a low total cost of ownership, the demand for LPG-fuelled vehicles is rising. Moreover, various governments in the region are introducing favourable initiatives to bolster the use of LPG in the transportation industry. Vehicles with internal combustion engines (ICEs) are increasingly retrofit with LPG to enhance decarbonisation and cost-benefits, which is adding to the growth of the market. The rising utilisation of LPG in large vehicles and fleet management solutions is further invigorating the industry growth.

The extensive availability of LPG across Europe is surging its demand in various end-use industries, hence propelling the growth of the market. The flexibility offered by supply chains of LPG is increasing its accessibility, especially in remote areas, which is fuelling the market growth. The growing attempts by government bodies to decarbonise remote and rural areas is propelling the market for LPG. As remote areas in the region rely on conventional energy sources like coal and heating oil for cooling and heating activities, the enhanced accessibility and cost-effectiveness provided by LPG is leading to a surge in its demand, which is providing further impetus to the market growth.

 

LPG: Market Segmentation

LPG, variously known as liquid petroleum gas, is flammable hydrocarbons fuel gas that primarily constitutes butane and propane. It is obtained during the production of natural gas and is an efficient and portable energy source. LPG finds its use in versatile applications in the residential, industrial, and automotive sectors, among others.

 

Europe LPG Market by Segment

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The major applications of LPG are:

  • Household
  • Commercial
  • Others

The commercial segment is further divided into HoReCa, industrial, and mobility.

The EMR report looks into the regional markets of LPG in Europe like Germany, the United Kingdom, France, Spain, Russia, Italy, Netherlands, and Belgium, among others.

 

Europe LPG Market by Region

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Growing Concerns Regarding Climate Change to Propel the Europe Market for LPG

The market for LPG in Europe is being driven by the growing concerns regarding rapid climate change in the region. Various governments in the region are increasingly focussing to achieve zero net carbon emissions, due to which the demand for LPG in both domestic and commercial applications is surging, hence driving the market growth. With the growing trend of green industrial revolution in the region, the utilisation of LPG is increasing. Moreover, the increasing investments to expand the LPG infrastructure across the region are expected to provide lucrative growth opportunities to the industry in the coming years.

The growing interests in bioLPG as a direct renewable replacement for conventional energy sources are anticipated to propel the market growth. As bioLPG can be effectively used in existing LPG appliances, its demand for cost-effective decarbonisation is growing, which is projected to aid the market growth. The increasing potential of bioLPG as a clean off-grid fuel source for rural manufacturers and mobile caterers in the region is predicted to invigorate the industry growth. In addition, the growing preference for a blend of bioLPG and LPG for commercial, industrial, and transportation activities are estimated to aid the industry growth. With the increasing investments in bioLPG by the leading companies, the market is poised to significantly expand in the forecast period.

 

Key Industry Players in the Europe LPG Market

The report presents a detailed analysis of the following key players in the Europe LPG market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • BP Plc
  • Total S.A.
  • DCC Plc
  • UGI International
  • SHV Energy
  • ELPGon Mobil Corporation
  • Chevron Corporation
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Country
Breakup by Application Household, Commercial, Others
Breakup by Country Germany, United Kingdom, France, Spain, Russia, Italy, Netherlands, Belgium, Others
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered BP Plc, Total S.A., DCC Plc, UGI International, SHV Energy, Exxon Mobil Corporation, Chevron Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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
    6.1    Europe
7    Industry Opportunities and Challenges
8    Europe LPG Market Analysis

    8.1    Key Industry Highlights
    8.2    Europe LPG Historical Market (2017-2021) 
    8.3    Europe LPG Market Forecast (2022-2027)
    8.4    Europe LPG Market by Application
        8.4.1    Household
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Commercial
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    HoReCa
                8.4.2.4.2    Industrial
                8.4.2.4.3    Mobility
        8.4.3    Others
    8.5    Europe LPG Market by Country
        8.5.1    Market Share
            8.5.1.1    Germany
            8.5.1.2    United Kingdom
            8.5.1.3    France
            8.5.1.4    Spain
            8.5.1.5    Russia
            8.5.1.6    Italy
            8.5.1.7    Netherlands
            8.5.1.8    Belgium
            8.5.1.9    Others
9    Regional Analysis
    9.1    Germany
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
    9.2    United Kingdom
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
    9.3    France
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
    9.4    Spain
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
    9.5    Russia
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
    9.6    Italy
        9.6.1    Historical Trend (2017-2021)
        9.6.2    Forecast Trend (2022-2027)
    9.7    Netherlands
        9.7.1    Historical Trend (2017-2021)
        9.7.2    Forecast Trend (2022-2027)
    9.8    Belgium
        9.8.1    Historical Trend (2017-2021)
        9.8.2    Forecast Trend (2022-2027)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
11    Price Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    BP Plc
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Total S.A.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    DCC Plc
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    UGI International
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    SHV Energy
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Exxon Mobil Corporation
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Chevron Corporation
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Europe LPG Market: Key Industry Highlights, 2017 and 2027
2.    Europe LPG Historical Market: Breakup by Application (Million Tonnes), 2017-2021
3.    Europe LPG Market Forecast: Breakup by Application (Million Tonnes), 2022-2027
4.    Europe LPG Historical Market: Breakup by Country (Million Tonnes), 2017-2021
5.    Europe LPG Market Forecast: Breakup by Country (Million Tonnes), 2022-2027
6.    Europe LPG Market Structure

Key Questions Answered in the Report

In 2021, the Europe LPG market attained a volume of nearly 41.8 million tonnes.

The market is projected to grow at a CAGR of 5.80% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about 58.6 million tonnes by 2027.

The market is being aided by the rising use of LPG as an alternative fuel, the extensive availability of LPG, and the growing demand for LPG for heating and cooling activities in rural areas.

The market is anticipated to be bolstered by the increasing concerns regarding rapid climate change, the growing trend of green industrial revolution, and the rising interests in bioLPG.

The major regions in the industry are Germany, the United Kingdom, France, Spain, Russia, Italy, Netherlands, and Belgium, among others.

The major applications of LPG in the industry are household and commercial, among others.

The major players in the industry are BP Plc, Total S.A., DCC Plc, UGI International, SHV Energy, ELPGon Mobil Corporation, and Chevron Corporation, among others.

Analyst Review

The Europe LPG market attained a volume of nearly USD 41.8 million tonnes in 2021, driven by the rising use of LPG as an alternative fuel. Aided by the growing trend of green industrial revolution, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.80%. The market is projected to reach about 58.6 million tonnes by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its application, the LPG industry in Europe can be segmented into household and commercial, among others. The major regional markets for LPG in Europe are Germany, the United Kingdom, France, Spain, Russia, Italy, Netherlands, and Belgium, among others. The key players in the above market include BP Plc, Total S.A., DCC Plc, UGI International, SHV Energy, ELPGon Mobil Corporation, and Chevron Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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