Product Code: ETC125333 | Publication Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India Liquefied Petroleum Gas Market registered a decline of -41.57% in value shipments in 2022 as compared to 2021 and an increase of 30.73% CAGR in 2022 over a period of 2017. In Liquefied Petroleum Gas Market India is becoming less competitive as HHI index in 2022 was 4895 while in 2017 it was 1302. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Liquefied Petroleum Gas Market.
India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Liquefied Petroleum Gas Market in 2022 was 0.46 while in 2017 it was 0.18. China, Malaysia, USA, Germany and Other Asia, nes were among the top players of the market in 2022, where China acquired the largest market share of 69.27% with a shipment value of 44.31 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 27.22% with the shipment value of 5.97 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.
IndiaLiquefied Petroleum Gas (LPG) market is expected to grow at a steady pace.The increasing awareness about health and environmental impact of other conventional fuels such as firewood, kerosene and diesel has led to an increase in LPG consumption, which is driving growth for IndiaLPG gas market. In addition to this, government initiatives such as Ujjwala Yojana has further accelerated demand for cooking gas cylinders in rural areas of the country. Moreover, the rising population coupled with rapid urbanization and growing per capita income will propel the demand for clean energy sources such as LPG gas in India over the coming years. This will result in increased opportunities for domestic players involved in manufacturing or distributing LPG products across India.
The major drivers that are contributing towards growth of India Liquefied Petroleum Gas (LPG) market include increasing awareness about health and environmental impact of other conventional fuels ilke firewood, kerosene and diesel; Government initiative like Ujjwala Yojana; Rising population coupled with rapid urbanization; Growing per capita income etc,. These factors are expected to drive demand for clean energy sources such as LPG gas over the next few years leading to higher revenue opportunities across India liquefied petroleum gas industry.
The main challenges faced by players operating within India Liquefied Petroleum Gas (LGP)industry includes supply chain disruptions due lack of infrastructure support , fluctuating crude oil prices ; competition from alternate fuel sources etc., These issues may act as deterrents when it comes to expansion plans adopted by companies operating within this sector.
Some of key players involved in manufacturing or distributioning LPF gases across India include IOCL-India Oil Corporation Limited , Bharat Petroleum Corporation Ltd(BPCL), Hindustan Petroleum Corporation Ltd(HPCL), GAIL -Gas Authority Of india Ltd , Essar Oil LTD , Shell india Pvt ltd., Reliance Industries limited etc
India Liquefied Petroleum Gas |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Liquefied Petroleum Gas Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Liquefied Petroleum Gas Market Revenues & Volume, 2020 & 2027F |
3.3 India Liquefied Petroleum Gas Market - Industry Life Cycle |
3.4 India Liquefied Petroleum Gas Market - Porter's Five Forces |
3.5 India Liquefied Petroleum Gas Market Revenues & Volume Share, By Source, 2020 & 2027F |
3.6 India Liquefied Petroleum Gas Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 India Liquefied Petroleum Gas Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Liquefied Petroleum Gas Market Trends |
6 India Liquefied Petroleum Gas Market, By Types |
6.1 India Liquefied Petroleum Gas Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 India Liquefied Petroleum Gas Market Revenues & Volume, By Source, 2018 - 2027F |
6.1.3 India Liquefied Petroleum Gas Market Revenues & Volume, By Refinery, 2018 - 2027F |
6.1.4 India Liquefied Petroleum Gas Market Revenues & Volume, By Associated Gas, 2018 - 2027F |
6.1.5 India Liquefied Petroleum Gas Market Revenues & Volume, By Non-associated Gas, 2018 - 2027F |
6.2 India Liquefied Petroleum Gas Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Liquefied Petroleum Gas Market Revenues & Volume, By Residential/Commercial, 2018 - 2027F |
6.2.3 India Liquefied Petroleum Gas Market Revenues & Volume, By Chemical, 2018 - 2027F |
6.2.4 India Liquefied Petroleum Gas Market Revenues & Volume, By Industrial, 2018 - 2027F |
6.2.5 India Liquefied Petroleum Gas Market Revenues & Volume, By Autogas, 2018 - 2027F |
6.2.6 India Liquefied Petroleum Gas Market Revenues & Volume, By Refinery, 2018 - 2027F |
6.2.7 India Liquefied Petroleum Gas Market Revenues & Volume, By Others, 2018 - 2027F |
7 India Liquefied Petroleum Gas Market Import-Export Trade Statistics |
7.1 India Liquefied Petroleum Gas Market Export to Major Countries |
7.2 India Liquefied Petroleum Gas Market Imports from Major Countries |
8 India Liquefied Petroleum Gas Market Key Performance Indicators |
9 India Liquefied Petroleum Gas Market - Opportunity Assessment |
9.1 India Liquefied Petroleum Gas Market Opportunity Assessment, By Source, 2020 & 2027F |
9.2 India Liquefied Petroleum Gas Market Opportunity Assessment, By Application, 2020 & 2027F |
10 India Liquefied Petroleum Gas Market - Competitive Landscape |
10.1 India Liquefied Petroleum Gas Market Revenue Share, By Companies, 2020 |
10.2 India Liquefied Petroleum Gas Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |