LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market
LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas) Market Size and Growth
The LNG and LPG market research reports highlight a growing demand for cleaner fuel alternatives. The LNG market is projected to reach a value of $20.1 billion by 2025, while the LPG market is expected to reach $147.5 billion by 2027. Factors such as increasing industrialization and environmental regulations are driving market growth.
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Companies Covered (Covid 19 Impact Covered)
◍ BP
◍ ExxonMobil
◍ Royal Dutch Shell
◍ Philips 66
◍ RIL
◍ Chevron
◍ CNPC
◍ Sinopec
◍ PDVSA
◍ Valero
The LNG and LPG market is highly competitive with companies like BP, ExxonMobil, Royal Dutch Shell, Phillips 66, RIL, Chevron, CNPC, Sinopec, PDVSA, Valero dominating the sector. These companies utilize LNG and LPG for energy production and transportation needs, contributing to the growth of the market.
- BP: $280.8 billion
- ExxonMobil: $236.7 billion
- Royal Dutch Shell: $311.8 billion
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