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Forecast Period
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2025-2029
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Market Size (2023)
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25.06 MMT
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Largest Market
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South India
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CAGR (2024-2029)
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6.09%
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Fastest Growing Segment
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Composites
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India LPG Cylinder market is anticipated to
grow at a steady pace in the forecast period, 2025-2029. The demand for LPG is on the rise in
the industrial, residential, and power generation sectors, with the
transportation sector showing the most promising growth potential. This upward
trend is attributed to a growing public awareness regarding the benefits of
using LPG as a replacement for traditional fossil fuels. Developed and emerging
nations like India are increasingly adopting clean and sustainable energy
sources, further driving the expansion of the LPG market. Technological
advancements also contribute to this growth, alongside an increasing number of
government initiatives, aimed at educating rural communities about
transitioning from LPG to conventional cooking fuels such as kerosene, wood,
and coal. These factors are expected to play a crucial role in the industry's
overall development.
LPG
cylinders serve as a highly efficient fuel source, finding wide-ranging
applications in agriculture, recreation, hospitality, construction, sailing,
and fishing. They are utilized for water heating, central heating, and cooking,
offering an affordable and effective solution for heating off-grid residences.
Growing
Demand for Clean Cooking Fuel in The Country
The use
of traditional cooking fuels, such as wood, dung, and kerosene, can have many
health impacts. These fuels produce smoke that can contain harmful pollutants,
such as particulate matter and carbon monoxide. Exposure to these pollutants
can increase the risk of respiratory problems, such as asthma and pneumonia.
They can also cause other health problems, such as cancer and heart disease.
Owing to these disadvantages, the demand for clean cooking fuel in India is
growing rapidly. This is due to a number of factors, with government's
initiatives to promote the use of clean cooking fuels for poor people, being
one of the many.
Clean
cooking fuels, on the other hand, do not produce smoke or harmful pollutants.
This makes them a much healthier option for cooking. In addition, clean cooking
fuels are more efficient than traditional fuels, which means that they can save
money on their energy bills. The government of India has been promoting the use
of clean cooking fuels through a number of initiatives. These initiatives
include the Pradhan Mantri Ujjwala Yojana (PMUY), which provides free LPG
connections to poor households.
Growing
LPG Consumption & Production in India
The
developing utilization and creation of LPG (Liquefied petroleum gas) in India
are driven by different elements that add to the extending market. To begin,
the government's initiatives and policies have significantly contributed to the
growth of LPG consumption. The 2016 launch of the Pradhan Mantri Ujjwala Yojana
(PMUY) aimed to provide poor households with free LPG connections. This drive,
combined with different plans and endowments, has altogether expanded LPG
utilization. Secondly, an increase in LPG consumption has resulted from the
growing middle class and urbanization. As additional families change from
conventional cooking fuels to LPG utility, the interest/consumption of LPG is growing LPG is an appealing choice
for urban households due to its convenience, cleanliness, and safety.
Besides,
the public authority's push for cleaner energy sources also boosted the LPG
market. India has made efforts to expand its LPG infrastructure, including the
construction of additional LPG storage and bottling plants. LPG cylinder
availability has increased, and production has increased in both urban and
rural areas as a result of this expansion. LPG consumption in India has also
increased due to households' increasing disposable income. As livelihoods rise,
more families can bear the cost of LPG as a cooking fuel, further driving the
interest in LPG chambers.
Overall,
the growing consumption and production of LPG in India has been fueled by
government initiatives, urbanization, environmental concerns, and rising
disposable income. This makes India a significant driver for the growth of the
LPG cylinder market.
Increasing
Government Programs and Policies are Fueling the Market Growth
Indian authorities
of power (ministry of power) carriers are turning their concern to economically
possible as well as environmentally friendly, power sources. Among those
alternatives, liquid petroleum gas (LPG) is often used by industries since LPG
is less harmful for the environment. However, growing economies are actively seeking
alternatives. These options embody dispensed era techniques like
microgenerators, in addition to renewable power sources, which depend on
advanced garage abilities and decreased intermittency in electricity. These
factors are pushing the market growth opportunity. In addition, the purchasing
power of households plays a crucial role in influencing the demand for LPG
cylinders. This impact is particularly pronounced among lower income group families,
as they have access to cheaper alternative fuels such as kerosene and fuel
wood, often at heavily subsidized rates. To stimulate greater LPG consumption,
the government has implemented various initiatives. Particularly, programs like
PAHAL by government of India, have been introduced with the objective of
providing clean cooking gas connections to impoverished households that
traditionally rely on cooking fuels like firewood, coal, and cow-dung.
After its
initiation, the scheme has effectively reached over 80 million Ujwala
beneficiaries, resulting in an average per capita consumption of over 3 LPG
refills per year. This transformative scheme has positively influenced the
adoption of LPG cylinders among first-time users, bringing about a significant
change in the lives of households that were previously reliant on traditional
cooking fuels. Therefore, there has been a substantial increase in the demand
for LPG cylinders from households, owing to which, the market is expected to
register a high CAGR in the forecast period.
Pradhan
Mantri Ujjwala Yojana (PMUY) Support Market Growth
In 2022,
LPG bottling capacity across the northern region in India amounted to around
6.8 million metric tons per annum. Overall, the bottling capacity across the Nation
stood at approximately 21.5 million metric tons per annum (MTA). Companies
involved in the LPG cylinder market in India, launched smaller package sizes to
cater to specific market demands. As of government's efforts to support
economically disadvantaged families, a scheme named Pradhan Mantri Ujjwala
Yojana (PMUY) is implemented that allows them to exchange their 14 kg LPG
cylinder for a 5 kg cylinder. This scheme offers many reliabilities and flexibility,
enabling consumers to switch between the two-cylinder sizes as per their
requirements. Additionally, consumers have been given the opportunity to avail
themselves of a PMUY scheme where they can access two 5 kg cylinders. These
initiatives have greatly enhanced affordability for a significant number of
consumers residing in Tier 3 cities and rural areas. To further assist
consumers, special subsidiary loans have been made available, with LPG market
players deferring the repayment period for one year or until the consumer has
obtained six LPG refills, whichever comes first. These factors are propelling
the market growth in the forecast period.
Convenience
and Safety Driving the India LPG Cylinder Market
The LPG
cylinder market in India is largely driven by convenience and safety concerns.
First and foremost, LPG cylinders provide households with unparalleled
convenience. They offer fuel for cooking that is safe, effective, and simple to
use. The laborious process of gathering coal or firewood, which can be
time-consuming and physically demanding, is unnecessary with LPG. Cooking
becomes more convenient and effective because LPG cylinders make it easier to
store, handle, and prepare solid fuels. In addition, LPG provides constant
heating, making it possible for consumers to control the flame and adjust
cooking temperatures as necessary.
Secondly,
household safety is a top priority, and LPG cylinders provide a number of
safety features. Pressure regulators are built into these cylinders to control
gas flow and prevent accidents caused by too much pressure. Additionally,
modern LPG cylinders come with mechanisms for detecting leaks, such as gas leak
detectors and safety valves built in. These highlights give an additional layer
of security and assist with forestalling incidents brought about by gas spills.
The security guidelines and guidelines executed by specialists further improve
the general wellbeing of LPG chambers.
The
convenience, effectiveness, and bother free nature of LPG cooking have brought
about a huge shift from customary cooking powers. The demand for LPG cylinders continues
to rise, driving the expansion of the LPG cylinder market in India. More and
more households are recognizing the convenience and safety advantages of LPG
cylinders.
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Recent Development:
- According to April 2021, a memorandum of understanding (MOU) was
signed between Mitsui & Co. Pte. Ltd., a prominent Japanese
conglomerate, & INOXCVA, a leading Indian multinational specializing
in cryogenic liquid storage, distribution, and re-gas solutions. The
purpose of this MOU was to establish a virtual pipeline in India and
facilitate the deployment of small-scale liquefied natural gas (LNG)
infrastructure.
Market
Segmentation
India LPG Cylinder Market is segmented based on Material
Type, Cylinder type, Application, Size, and Region. Based on Material Type, the
market is segmented into Glass Fiber Composites, Metal, and Others. Based on
Cylinder type, the market is segmented into Metal and Composites. Based on
Application, the market is segmented into Residential/Consumer-use, Power &
Utilities, and Transport/Auto-fuel. Based on Size, the market is divided into 0
to 5 Kg, 6 to 10 Kg, and 11 Kg & Above. Based on region, the market is segmented into West
India, North India, South India, and East India.
Market Players
Major market
players in the India
LPG Cylinder Market are Indian Oil Corporation. Limited, Bharat Petroleum
Corporation Limited, Haldia Petrochemicals Ltd (HPL), Gujarat Gas Limited, Maharashtra
Natural Gas Limited, Shv Energy Private Limited, Aegis Logistics Limited,
Confidence Petroleum India Limited, Time Technoplast Limited, Prestige Feed
Mills Ltd.
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Attribute
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Details
|
|
Base Year
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2023
|
|
Historic Data
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2019 – 2022
|
|
Estimated Year
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2024
|
|
Forecast Period
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2025 – 2029
|
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2019-2023 and 2024-2029
|
|
Report coverage
|
Revenue forecast, company share,
growth factors, and trends
|
|
Segments covered
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Material Type
Cylinder type
Application
Size
Region
|
|
Region scope
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West India, North India, South
India, East India
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|
Key companies profiled
|
Indian Oil Corporation. Limited, Bharat Petroleum Corporation Limited,
Haldia Petrochemicals Ltd (HPL), Gujarat Gas Limited, Maharashtra Natural Gas
Limited, Shv Energy Private Limited, Aegis Logistics Limited, Confidence
Petroleum India Limited, Time Technoplast Limited, Prestige Feed Mills Ltd.
|
|
Customization scope
|
10% free report customization
with purchase. Addition or alteration to country, regional & segment
scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore
purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We
can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, the India LPG Cylinder Market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- India LPG Cylinder Market, By Material Type:
- Glass Fiber Composites
- Metal
- Others
- India LPG Cylinder Market, By Cylinder Type:
- India LPG Cylinder Market, By Application:
- Residential/Consumer-use
- Power & Utilities
- Transport/Auto-fuel
- India LPG Cylinder Market, By Size:
- 0 to 5 Kg
- 6 to 10 Kg
- 11 Kg & Above
- India LPG Cylinder Market,
By Region:
- West India
- North India
- South India
- East India
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the India LPG Cylinder Market.
Available Customizations:
India LPG Cylinder market report with the
given market data, Tech Sci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
India LPG Cylinder Market is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]