India Liquefied Petroleum Gas Market

India Liquefied Petroleum Gas Market by Source (Refinery, Associated gas, and Non-Associated gas), By Application (Residential, Commercial, Chemical, Industrial, Automotive Fuel, Refinery and Others) and By Region (North India, South India, West India and East India)- Global Forecast to 2027

India Liquefied Petroleum Gas Market Overview:

LPG is refinery within gas or oil for cooling the pressurized liquified colorless volatile liquid. It is effortless to ignite spontaneously, and when its content in the air reaches a specific concentration range. It can explode when it encounters an open flame. The main components of the liquefied petroleum gas obtained through the refinery are one or two of propane, propylene, butane, and butene, and it is doped with a small amount of pentane, pentene, and trace sulfide impurities. To further purify liquefied petroleum gas, alcohol amines may be used in which the absorption column COS absorption removal, and finally with alkali wash away excess sulfide.

India Liquefied Petroleum Gas Market Insights

India’s liquefied petroleum gas market likely to grow with a significant rate over the forecast periods, 2020-2027. The growing government initiatives to encourage LPG applications on account of its extended benefits as cooking fuel.  Additionally, the increasing use of LPG fuel in cooking equipment, heating appliances, and a refrigerant and aerosol propellant is projected to fuel the demand for India’s liquefied petroleum gas. Further, the increasing use of LPG as a transportation fuel and the swelling use of LPG as a feedstock in petrochemical refineries are some other major drivers propelling the growth of the liquefied petroleum gas market size across India. Also, the surge in the population in India is expected to fuel up the demand for LPG as the people us LPG as cooking fuel.

The total production capacity of LPG deep processing continues to expand, driving the increase in demand for raw material gas. Moreover, the government’s initiatives to encourage the commercialization of LPG as Cooking and auto fuel is positively impacting the market. Further, the rapid depletion of fossil fuel coupled with ongoing measures to reduce carbon footprint is expected to propel the demand for liquefied petroleum gas over the coming years. Additionally, the Indian government is encouraging the use of LPG by offering subsidies on cylinders, and using autogas as a major alternative transportation fuel is anticipated to boost India’s liquefied petroleum gas market industry in the future periods.

Growth Driver

Government’s initiatives to provide subsidiary cylinder for needy people

Indian government provides 5 crores free LPG connections to low-income families through Pradhan Mantri Ujjawal Yojna. This central government’s Ujjwala scheme can help low-income families make cooking gas their primary cooking fuel and not burn firewood and cow dung. By distributing 73 million connections as of 2019, as the Ujjwala scheme has met 91.25% of its target of 80 million connections to poor households by 2020. Strengthening the Ujjwala scheme is essential to reduce the health burden of India, such as dung, burning firewood, and agricultural residue for cooking and other household uses.

The fluctuation of crude oil prices affects the price of LPG

LPG is a product with a very high degree of marketization, and the price fluctuates very frequently. Due to the wide range of uses of liquefied gas, there are more influencing factors such as international oil prices, domestic and international production, and supply conditions. The crude oil prices plummeted in March, and global liquefied gas prices fell simultaneously, so domestic liquefied gas also started a sharp decline mode.

Source Segmental Analysis

Based on the source, India liquefied petroleum gas market is classified into the refinery, associated gas, and non-associated gas. The refinery segment dominated the largest share in the India liquefied petroleum gas market in 2019. The growth of the segment can be attributed to the increasing demand for crude oil that is transformed in a typical refinery to produce LPG across India.

The associated gas will witness steady growth in the coming years due to the growing demand for the number of gases under the LPG products label, including propane, butane, isobutane, and mixtures of these gases.

Application Segmental Analysis

Based on the application, India liquefied petroleum gas market segregated into residential, commercial, chemical, industrial, automotive fuel, refinery, and others. The residential is expected to hold the largest market share from 2020 to 2027. It is due to favorable government initiatives and subsidies to promote the use of LPG in residential as the major alternative fuel to conventional counterparts, including coal and wood fuel.

The automotive fuel will grow at a momentous rate in the forecast period. It s is due to the growing alternate fuel demand across the transportation sector to minimize environmental concerns such as pollution levels and carbon emission levels.

Region Segmental Analysis

Based on geography, India liquefied petroleum gas market segmented into North India, South India, West India, and East India. North India estimated to account for the largest size of the India liquefied petroleum gas market throughout the forecast period. It is owing to the population expansion, abundant resource availability, and high energy requirements along with easy affordability as the presence of government subsidies on cylinders.

South India captured a prominent share of the liquefied petroleum gas market due to the rise in demand for cooking gas and increase the production volumes of the cooking gas.

Competitor Analysis

Companies such as Reliance Industries Ltd. (RIL), ONGC, Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), Chennai Petroleum Corp. Ltd, GAIL India Ltd, Hindustan Petroleum Corporation Limited, and Oil India Limited are the key players in India’s liquefied petroleum gas market.

Key Stakeholders

  • Market research and consulting firms
  • Industry associations
  • India Liquefied Petroleum Gas manufacturing firms
  • Research organizations and consulting companies
  • Organizations, associations, and alliances related to liquefied petroleum gas
  • Regulatory bodies
  • Suppliers
  • Retailers

The objective of the Research

  • Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
  • Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
  • Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
  • Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
  • The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Source

  • Refinery
  • Associated gas
  • Non-Associated gas

By Application

  • Residential
  • Commercial
  • Chemical
  • Industrial
  • Automotive Fuel
  • Refinery
  • Others

By Region

  • North India
  • South India
  • West India
  • East India

India Liquefied Petroleum Gas Market

Report Content

  1. Research Strategic Development
    • Market Modelling
    • Product Analysis
    • Market Trend and Economic Factors Analysis
    • Market Segmental Analysis
    • Geographical Mapping
    • Country Wise Segregation
  2. Research Methodology
    • Identification of Target Market
    • Data Acquisition
    • Refining of Data/ Data Transformations
    • Data Validation through Primary Techniques
    • Exploratory Data Analysis
    • Graphical Techniques/Analysis
    • Quantitative Techniques/Analysis
    • Visual Result/Presentation
  3. Executive Summary
  4. Market Insights
    • Supply Chain Analysis
    • Economic Factor Analysis
      • Drivers
      • Trends
      • Opportunities
      • Challenges
    • Technological Landscape
    • Competitors & Product Analysis
    • Price-Point Analysis
    • Regulatory Framework
    • Company market share analysis, 2019
    • Porter’s Five forces analysis
    • New Investment Analysis
    • PESTEL Analysis
    • Economic Impact Study on India Liquefied Petroleum Gas Market
  5. India Liquefied Petroleum Gas Market Overview
    • Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Value (Million Tons)
      • Market Share & Forecast, 2016-2027
        • By Source
          • Refinery
          • Associated gas
          • Non-Associated gas
        • By Application
          • Residential
          • Commercial
          • Chemical
          • Industrial
          • Automotive Fuel
          • Refinery
          • Others
        • By Region
          • North India
          • South India
          • West India
          • East India
  1. North India Liquefied Petroleum Gas Market Overview
    • North India Liquefied Petroleum Gas Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Value (Million Tons)
      • North India Liquefied Petroleum Gas Market Share & Forecast, 2016-2027
        • By Source
          • Refinery
          • Associated gas
          • Non-Associated gas
        • By Application
          • Residential
          • Commercial
          • Chemical
          • Industrial
          • Automotive Fuel
          • Refinery
          • Others
  1. South India Liquefied Petroleum Gas Market Overview
    • South India Liquefied Petroleum Gas Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Value (Million Tons)
      • South India Liquefied Petroleum Gas Market Share & Forecast, 2016-2027
        • By Source
          • Refinery
          • Associated gas
          • Non-Associated gas
        • By Application
          • Residential
          • Commercial
          • Chemical
          • Industrial
          • Automotive Fuel
          • Refinery
          • Others
  1. West India Liquefied Petroleum Gas Market Overview
    • West India Liquefied Petroleum Gas Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Value (Million Tons)
      • West India Liquefied Petroleum Gas Market Share & Forecast, 2016-2027
        • By Source
          • Refinery
          • Associated gas
          • Non-Associated gas
        • By Application
          • Residential
          • Commercial
          • Chemical
          • Industrial
          • Automotive Fuel
          • Refinery
          • Others
  1. East India Liquefied Petroleum Gas Market Overview
    • East India Liquefied Petroleum Gas Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Value (Million Tons)
      • East India Liquefied Petroleum Gas Market Share & Forecast, 2016-2027
        • By Source
          • Refinery
          • Associated gas
          • Non-Associated gas
        • By Application
          • Residential
          • Commercial
          • Chemical
          • Industrial
          • Automotive Fuel
          • Refinery
          • Others
  1. Competitor Analysis
    • Company Description
    • Financial Analysis
    • Key Products
    • Key Management Personnel
    • Contact Address
    • SWOT Analysis
    • Company Profile
      • Reliance Industries Ltd. (RIL)
      • ONGC
      • Indian Oil Corporation Limited (IOCL)
      • Bharat Petroleum Corporation Limited (BPCL)
      • Chennai Petroleum Corp. Ltd
      • GAIL India Ltd
      • Hindustan Petroleum Corporation Limited
      • Oil India Limited
      • Other Prominent Players