Product Code: ETC125330 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Singapore Liquefied Petroleum Gas Market could see a tapering of growth rates over 2025 to 2029. Beginning strongly at 4.54% in 2025, growth softens to 1.51% in 2029.
By 2027, Singapore's Liquefied Petroleum Gas market is forecasted to achieve a stable growth rate of 4.05%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The Singapore LPG market is vital for various industries, including residential, commercial, and industrial sectors. LPG is used for cooking, heating, and as fuel for vehicles and industrial processes. The market outlook is stable, driven by the consistent demand for energy sources. However, the industry may witness shifts towards cleaner and more sustainable energy options, which market players should consider for long-term sustainability.
The Singapore LPG market is poised for growth driven by several factors. One of the primary drivers is the increasing use of LPG as a cleaner and more environmentally friendly energy source compared to traditional fuels like coal and oil. Singapore efforts to promote sustainable energy solutions align with this trend. Moreover, LPG is versatile and widely used in households, industries, and transportation, making it a valuable energy source. The government`s support for the adoption of LPG in various applications contributes to the positive outlook for the Singapore LPG market.
The Singapore liquefied petroleum gas (LPG) market encounters challenges linked to global energy dynamics, pricing volatility, and sustainability concerns. LPG prices are influenced by global supply and demand trends, geopolitical factors, and energy policies. These factors can lead to price fluctuations and uncertainty for both consumers and suppliers. Additionally, the industry faces sustainability pressures, with growing demand for cleaner and renewable energy sources. Adapting to these changing energy dynamics, exploring renewable LPG options, and ensuring supply chain stability are significant challenges. Balancing affordability, environmental responsibility, and market dynamics will be essential in the Singapore LPG market.
The Singapore liquefied petroleum gas (LPG) market, primarily used for industrial and residential purposes, faced disruptions during the COVID-19 pandemic. Lockdowns and reduced economic activities led to a decline in industrial LPG demand. However, there was increased demand for residential LPG as more people stayed home and cooked. Supply chain disruptions affected LPG distribution and availability. As the economy stabilizes, the market is expected to recover, with a continued emphasis on safety and environmental regulations in the handling and use of LPG.
The Singapore liquefied petroleum gas market is driven by various sectors, including residential, industrial, and commercial. Major players operating in this market include Shell, ExxonMobil, and Sinopec.
Singapore 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 Singapore Liquefied Petroleum Gas Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Liquefied Petroleum Gas Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Liquefied Petroleum Gas Market - Industry Life Cycle |
3.4 Singapore Liquefied Petroleum Gas Market - Porter's Five Forces |
3.5 Singapore Liquefied Petroleum Gas Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Singapore Liquefied Petroleum Gas Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Singapore Liquefied Petroleum Gas Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Liquefied Petroleum Gas Market Trends |
6 Singapore Liquefied Petroleum Gas Market, By Types |
6.1 Singapore Liquefied Petroleum Gas Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Singapore Liquefied Petroleum Gas Market Revenues & Volume, By Source, 2018 - 2031F |
6.1.3 Singapore Liquefied Petroleum Gas Market Revenues & Volume, By Refinery, 2018 - 2031F |
6.1.4 Singapore Liquefied Petroleum Gas Market Revenues & Volume, By Associated Gas, 2018 - 2031F |
6.1.5 Singapore Liquefied Petroleum Gas Market Revenues & Volume, By Non-associated Gas, 2018 - 2031F |
6.2 Singapore Liquefied Petroleum Gas Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Singapore Liquefied Petroleum Gas Market Revenues & Volume, By Residential/Commercial, 2018 - 2031F |
6.2.3 Singapore Liquefied Petroleum Gas Market Revenues & Volume, By Chemical, 2018 - 2031F |
6.2.4 Singapore Liquefied Petroleum Gas Market Revenues & Volume, By Industrial, 2018 - 2031F |
6.2.5 Singapore Liquefied Petroleum Gas Market Revenues & Volume, By Autogas, 2018 - 2031F |
6.2.6 Singapore Liquefied Petroleum Gas Market Revenues & Volume, By Refinery, 2018 - 2031F |
6.2.7 Singapore Liquefied Petroleum Gas Market Revenues & Volume, By Others, 2018 - 2031F |
7 Singapore Liquefied Petroleum Gas Market Import-Export Trade Statistics |
7.1 Singapore Liquefied Petroleum Gas Market Export to Major Countries |
7.2 Singapore Liquefied Petroleum Gas Market Imports from Major Countries |
8 Singapore Liquefied Petroleum Gas Market Key Performance Indicators |
9 Singapore Liquefied Petroleum Gas Market - Opportunity Assessment |
9.1 Singapore Liquefied Petroleum Gas Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Singapore Liquefied Petroleum Gas Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Singapore Liquefied Petroleum Gas Market - Competitive Landscape |
10.1 Singapore Liquefied Petroleum Gas Market Revenue Share, By Companies, 2024 |
10.2 Singapore Liquefied Petroleum Gas Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |