Liquefied Petroleum Gas Market Volume Forecast and Value Chain Analysis 2016-2020
LPG demand is primarily driven by government initiatives to increase consumption of LPG as cooking fuel and auto fuel. Growing adoption of auto gas especially in Asia Pacific region is estimated to augment demand for LPG demand over the forecast period. However, the volatility of crude oil prices is major factor that will hamper market growth. Furthermore, Panama Canal expansion and shale gas production in the Asia-Pacific and Latin American regions will open new doors for LPG market.
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