Competitive Landscape
The LPG market players are increasingly offering bundled solutions like safety devices, leak detectors, and AI-based delivery platforms to boost their competitive edge. They have directed all their efforts to secure institutional contracts, expand rural footprint, and integrate with carbon offset programmes. Partnerships with IoT startups, data-driven refill forecasting, and flexible leasing models for cylinders are reshaping vendor strategies.
LPG companies are eyeing underserved zones in Africa and Southeast Asia where the demand is supported by donor-backed infrastructure. Product diversification, especially in mini-cylinders and BioLPG blends, offers fresh monetisation opportunities. IoT-based tracking, BioLPG blending, decentralised logistics, industrial conversions, and small-format cylinders are reshaping LPG markets with innovation-led scalability.
BP plc
BP plc, founded in 1909 and headquartered in London, United Kingdom, is actively investing in BioLPG through its joint ventures with Green Biofuels. The company is focusing on modular LPG plants and rural refilling pilots across India and Africa.
ExxonMobil Corporation
ExxonMobil Corporation, established in 1882 and headquartered in Texas, United States, is leveraging its global refining assets to ramp up LPG exports. The firm integrates AI-based analytics for marine LPG shipments and predictive safety controls.
Chevron Corporation
Chevron Corporation, founded in 1879 and based in Texas, United States, is targeting petrochemical LPG expansion via its joint venture with Phillips 66. The firm is also investing in carbon-neutral LPG supply chains.
Phillips 66 Company
Phillips 66 Company, founded in 1927 and headquartered in Texas, United States, is scaling its LPG retail business with smart tracking tools and pre-paid refill solutions in Latin America. The firm’s focus is on customer-centric delivery innovations.
Other key players in the market are China Petroleum & Chemical Corporation (Sinopec), Total Energies SE, Bharat Petroleum Corporation Limited, Novatek, PJSC Rosneft Oil Company, Reliance Industries Limited, Saudi Arabian Oil Company, and Petróleo Brasileiro S.A., among others.
LPG Market Report Snapshots
LPG Market