Asia Liquefied Petroleum Gas (LPG) Market - Forecast & Opportunities, 2024
Aarkstore Market Research entitles the new approach into a Market Research Report "Asia Liquefied Petroleum Gas (LPG) Market - Forecast & Opportunities, 2024"
By source, #AsiaLPGmarket has been categorized into Refinery, Associated Gases & Non-Associated Gases. Among the sources, Refinery category accounted for the largest share in 2018. However, non-Associated gases category is expected to witness the highest growth rate during 2019-2024 as LPG from non-associated gas sources is immune to crude oil price fluctuations. During 2014-2018 as well, non-associated gas-based LPG was the fastest-growing segment with a CAGR of 4.8%. Natural gas, natural gas liquid/condensate and shale gas producing reserves are the major sources of non-associated gas-based LPG. Fluctuation in crude oil prices has resulted in unfavorable market conditions for refinery-based LPG. In such a scenario, extracting more LPG from non-associated gas reserves becomes a more economically viable option.
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