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India LPG Market is Expected to be dominated by West region through 2028

Increasing Government Initiatives and Support for LPG Adoption to Aid Market Dynamics are expected to drive the demand in India LPG Market.

According to TechSci Research report, “India LPG Market- By Region, Competition, Forecast & Opportunities, 2028, India LPG Market is predicted to increase during the projection period as Growing awareness of the benefits of using liquefied petroleum gas (LPG) as an alternative to fossil fuels and growing acceptance of clean and green energy sources in both developed and developing countries are some of the factors that are projected to promote market expansion.

Based on the Source, the market is segmented into Crude Oil Distillation, NGL & LNG Fractionation and Imports. The market is expected to grow because of increased LPG demand from different industrial applications. Different regions have different fuel sources. For instance, the region of India relies on refineries for its gas generation, most of the gas generation in North America is from supply for natural gas processing. Refineries are one of the most significant sources of different gases in the world. In 2019, India's demand for liquefied petroleum gas from associated gas reached 18.92 million tonnes. A substantial portion of revenue came from non-associated sources, which are expected to expand significantly over the forecasted period.

Based on the Application segment, the chemical application segment is expected to witness the fastest growth in terms of revenue over the forecast period, Residents of both urban and rural areas can be shown to be heavily dependent on liquefied petroleum gas as a source of cooking fuel. In 2019, a sizeable portion of the LPG market was accounted for by the commercial and residential application segment. The government's enticing subsidies and initiatives to push the product as the principal replacement for conventional fuels like coal and wood have been the key drivers of the category's growth. Liquefied petroleum gas is replacing chlorofluorocarbon and hydrofluorocarbon as a refrigerant because of its negligible effect on ozone layer depletion. As a result, there is additional scope for uses in the commercial and residential sectors, including heating and ventilation in addition to cooking.

In terms of regional analysis, the India LPG Market is segmented into west, north, south, and east. The West region will dominate the market as the consumption is more and Gujrat has a huge industrial area. For instance, Total Oil India Private Ltd. announced a new LPG cutting gas product in March 2021 that was developed exclusively for the metal cutting industry (a subsidiary of Total SE). The product will be produced at Total's LPG manufacturing facilities in Bangalore, Namakkal, and Maduranthakam. In addition to it, the new product has strengthened the company's line of products.

Browse over xx market data Figures spread through xx Pages and an in-depth TOC on "India LPG Market

Key market players in the India LPG Market include:

  • Indian Oil Corporation Ltd
  • Hindustan Petroleum Corporation Ltd
  • Bharat Petroleum Corporation Ltd
  • Reliance Industries Ltd
  • Mangalore Refineries and Petrochemicals Ltd
  • GAIL India
  • Total India Pvt. Ltd.
  • Essar oil Ltd
  • Aegis Logistics Ltd
  • SHV Energy Pvt. Ltd.

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“The India LPG Market is expected to expand during the projected period. Increasing awareness of the benefits of using liquefied petroleum gas (LPG) as an alternative to fossil fuels and growing acceptance of clean and green energy sources in both developed and developing countries are few factors that are expected to promote market expansion. Additionally, technological factors are anticipated to play a significant role in the market's growth along with the rising number of government initiatives aimed at educating rural residents to switch from conventional cooking fuels like kerosene, wood, and coal to LPG. ,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.


India LPG Market –Segmented by Source (Refinery, Associated Gas, and Non-associated Gas), By Application (Residential, Commercial, Industrial, Transportation, and Others), By Supply Mode (Packaged, Bulk, On-site), By Country, Size, Share, Trends, Opportunity, and Forecast. 2018-2028., has evaluated the future growth potential of India LPG Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the India LPG Market.


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Relevant Reports

India LPG Market Segmented By Source (Crude Oil Distillation, NGL & LNG Fractionation, Imports), By Application (Residential, Commercial, Industrial, Transportation, Others), By Supply Mode (Packaged, Bulk, On-site), By Region, Size, Share, Trends, Opportunity, and Forecast 2018-2028

Oil and Gas | Sep, 2023

The increasing demand for LPG as government efforts are gaining traction for the adoption of cleaner fuel are the factor driving the market in the forecast period of 2024-2028.

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