Latin America Liquefied Petroleum Gas Market Research Report 2022
- Report ID: 28304
- Date: Jun, 2022
- Pages: 225
- Category: Chemicals & Materials
Liquefied petroleum gas is a flammable mixture of hydrocarbon gases, and has the great potential due to its residential/commercial, auto gas, industrial, and chemical applications. The increasing demand of LPG is due to the growing environment concern, promotion of its usage by government of Latin America and its energy efficiency.
In 2019, the LPG market in Latin America was valued at $23.8 billion and is expected to reach $29.9 billion by 2028, at a CAGR of 4.5% from 2021 to 2028. Mexico is currently the fastest-growing market followed by Brazil which is expected to increase, owing its applicability across the end-user applications like automobile. Venezuela and other Latin American countries equally contribute to its market size because LPG is an essential source of heating fuel used in residential applications.
The growth of LPG market in the Latin American countries is expected to be driven by residential/commercial and auto gas application of LPG, which together almost contributes more than half the usage of LPG. The chemical and industrial application segment of the LPG market are expected to grow at a relatively slower rate in comparison to residential/commercial and auto gas applications. The major source of LPG is refineries followed by associated gases and then by non-associated gases.
The report also provides a competitive landscape of major market players along with the market strategies adopted by the companies, such as developments, mergers & acquisitions, expansion & investments, agreements & contracts, new technological developments, and others. A number of these developments are spotted by key players that suggest the growth strategy of the companies as well as of the overall industry. Some of the key players operating in this market are Petrobras (Brazil), Yacimientos Petrolíferos Fiscales (Argentina), Eco Petrol (Colombia), Petroleos de Venezuela, S.A. (Venezuela), and others.
Scope of the Report
The report is segmented on the basis of its application, source, and country. The report also highlights the factors driving and restraining its growth as well as the challenges faced by the industry.
On the basis of Application
• Residential/Commercial
• Chemical
• Industrial
• Autogas
• Others
On the basis of Source
• Refineries
• Associated gases
• Non-Associated gases
On the basis of Country
• Mexico
• Brazil
• Venezuela
• Others
TABLE OF CONTENTS
1 INTRODUCTION 8
1.1 OBJECTIVES OF THE STUDY 8
1.2 MARKET SEGMENTATION & COVERAGE 8
1.3 MARKETS COVERED 9
1.4 STAKEHOLDERS 9
2 RESEARCH METHODOLOGY 10
2.1 INTEGRATED ECOSYSTEM OF LATIN AMERICA LPG MARKET 10
2.2 ARRIVING AT THE LATIN AMERICA LPG MARKET SIZE 11
2.3 TOP-DOWN APPROACH 12
2.4 BOTTOM-UP APPROACH 13
2.5 DEMAND SIDE APPROACH 14
2.6 MACRO INDICATOR 15
2.7 ASSUMPTIONS 16
3 EXECUTIVE SUMMARY 17
4 MARKET OVERVIEW 19
4.1 INTRODUCTION 19
4.2 DRIVERS AND INHIBITORS OF LATIN AMERICA LPG MARKET 21
4.2.1 AUXILIARY TABLES 23
4.3 IMPACT ANALYSIS 24
4.3.1 IMPACT ANALYSIS OF DRIVERS 24
4.4 KEY MARKET DYNAMICS 24
4.5 DEMAND SIDE ANALYSIS 25
5 LIQUEFIED PETROLEUM GAS MARKET, BY SOURCE 26
5.1 INTRODUCTION 26
5.2 LATIN AMERICA LPG MARKET, BY SOURCE 27
6 LIQUEFIED PETROLEUM GAS MARKET, BY APPLICATION 30
6.1 INTRODUCTION 30
6.2 LATIN AMERICA LPG MARKET, BY APPLICATION 31
6.3 LATIN AMERICA RESIDENTIAL/COMMERCIAL LPG MARKET, BY COUNTRY 32
6.3.1 LATIN AMERICA RESIDENTIAL/COMMERCIAL LPG MARKET, BY COUNTRY 32
6.4 LATIN AMERICA CHEMICAL LPG MARKET, BY COUNTRY 33
6.5 LATIN AMERICA INDUSTRIAL LPG MARKET, BY COUNTRY 34
6.6 LATIN AMERICA AUTO GAS LPG MARKET, BY COUNTRY 35
7 LATIN AMERICA LIQUEFIED PETROLEUM GAS MARKET, BY COUNTRY 37
7.1 INTRODUCTION 37
7.2 LATIN AMERICA LPG MARKET 37
7.2.1 LATIN AMERICA LPG MARKET, BY COUNTRY 38
7.3 MEXICO LPG MARKET, BY APPLICATION, 2014 & 2019 40
7.4 BRAZIL LPG MARKET, BY APPLICATION, 2014 & 2019 41
7.5 VENEZUELA LPG MARKET, BY APPLICATION, 2014 & 2019 42
8 LIQUEFIED PETROLEUM GAS MARKET: COMPETITIVE LANDSCAPE 43
8.1 LPG MARKET: COMPANY SHARE ANALYSIS 43
8.2 COMPETITIVE LANDSCAPE 43
8.2.1 EXPANSION 43
8.2.2 JOINT VENTURES/PARTNERSHIP 44
8.2.3 NEW CONTRACTS 45
8.2.4 AGREEMENTS 46
8.2.5 MERGERS & ACQUISITIONS 47
8.2.6 NEW TECHNOLOGY 47
9 LATIN AMERICAN LPG MARKET, BY COMPANY 48
9.1 PETROBRAS 48
9.1.1 PRODUCT PORTFOLIO 48
9.1.2 COMPANY FINANCIALS 48
9.1.3 COMPANY DEVELOPMENTS 49
9.2 YACIMIENTOS PETROLIFEROS FISCALES (YPF) 50
9.2.1 PRODUCT PORTFOLIO 50
9.2.2 COMPANY FINANCIALS 50
9.2.3 COMPANY DEVELOPMENTS 52
9.3 ECOPETROL 53
9.3.1 PRODUCT PORTFOLIO 53
9.3.2 COMPANY FINANCIALS 53
9.3.3 COMPANY DEVELOPMENTS 54
9.4 PETROLEOS DE VENEZUELA S.A (PDVSA) 56
9.4.1 PRODUCT PORTFOLIO 56
9.4.2 COMPANY FINANCIALS 56
9.4.3 COMPANY DEVELOPMENTS 58
List of Figures
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
Clients
