https://www.maximizemarketrese....arch.com/market-repo
LPG Market size was valued at US $ 138.55 Bn. in 2021 and the total revenue is expected to grow at 6.5 % through 2022 to 2029, the LPG market is reaching nearly US $ 229.30 Bn. in 2029.
LPG Market Overview:
Liquefied petroleum gas (LPG) is a low-carbon, long-lasting, and energy-efficient fuel. It benefits consumers, businesses, and the environment because it is a green, low-carbon, efficient, and innovative energy source. The ranking of LPG in the Product complexity index is 950th. LPG world trade in 2021 is US$ 300 Bn, the top importers were China (US $ 47.8 Bn), Japan (US $ 42.3 Bn), and India (the US $ 16.4 Bn). The top exporter was Qatar (US $ 44.2 Bn), Australia (US $ 34.1 Bn), and the United States (the US $ 32.3 Bn). LPG is more cost-effective than other traditional fuels since most of its energy is converted to heat, and it can be transported, stored, and utilised in a variety of applications, including cooking, heating, air conditioning, and transportation, as well as cigarette lighters and the Olympic torch.