Liquefied Petroleum Gas Market: IntroductionThe global liquefied petroleum gas market was valued at ~US$ 185 Bn in 2019 and is anticipated to expand at a CAGR of ~5% during the forecast period.
Among sources, the refinery segment dominated the global liquefied petroleum gas market in 2019, as refineries is a major source of liquefied petroleum gas worldwide.
The liquefied petroleum gas market in Asia Pacific is estimated to expand at a substantial pace during the forecast period, owing to high investments in the oil & gas industry and establishment of numerous offshore exploration facilities in the region.To understand key trends, Download Sample Report at -Â https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=491Key Drivers of Liquefied Petroleum Gas MarketIncreasing demand for liquefied petroleum gas from developing countries is estimated to boost the global liquefied petroleum gas market during the forecast period.
Industrialization and urbanization have increased significantly across the globe over the last few years.
However, the flow of investments has shifted from developed nations toward developing countries, due to lower costs of infrastructure and labor.
Environmental rules and regulations in developing countries are also not stringent.