In Q3 2025, North America, the Liquefied Petroleum Gas Price Index fell 13.45% quarter-over-quarter due to oversupply. Check detailed insights for Europe and APAC.

Get the latest insights on price movement and trend analysis of Liquefied Petroleum Gas (LPG) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Natural Gas Liquids (WPU0532) from Jan 1971 to Aug 2025 about petroleum, fuels, gas, commodities, PPI, inflation, price index, indexes, price, and USA.

Snapshot img

Liquefied Petroleum Gas (LPG) Market Size 2025-2029

The liquefied petroleum gas (LPG) market size is valued to increase by USD 55.2 billion, at a CAGR of 3.3% from 2024 to 2029. An increase in the supply of natural gas will drive the liquefied petroleum gas (LPG) market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 58% growth during the forecast period.
By End-user - Residential segment was valued at USD 106.40 billion in 2023
By Source - Natural gas liquid segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 29.69 billion
Market Future Opportunities: USD 55.20 billion
CAGR from 2024 to 2029: 3.3%

Market Summary

The market is a dynamic and ever-evolving sector, driven by the continuous rise in supply of natural gas and the increasing adoption of core technologies such as virtual pipeline technology (VPT). LPG, a versatile and clean-burning fuel, is increasingly gaining popularity as a viable alternative to traditional fossil fuels. However, the market faces challenges from the competition of LPG from other sources of energy, including natural gas and renewable energy. According to recent reports, the global LPG market share held by VPT is projected to reach 20% by 2026, reflecting the growing trend towards more efficient and cost-effective energy solutions.
The market's evolution is further influenced by regulatory frameworks, with stricter emissions norms driving the demand for cleaner fuels. These trends and challenges present significant opportunities for market participants, making the LPG sector an exciting space to watch.

What will be the Size of the Liquefied Petroleum Gas (LPG) Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Liquefied Petroleum Gas (LPG) Market Segmented ?

The liquefied petroleum gas (LPG) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Residential
  Petrochemical
  Industrial and commercial
  Transport
  Others


Source

  Natural gas liquid
  Crude oil


Distribution Channel

  Cylinder Distribution
  Bulk
  On-site storage


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

The residential segment is estimated to witness significant growth during the forecast period.

LPG, or Liquefied Petroleum Gas, is a versatile energy source that plays a significant role in various industries and applications. Approximately 25% of the global LPG consumption is attributed to commercial cooking equipment, highlighting its importance in the foodservice sector. Moreover, leak detection systems, pressure relief valves, and other safety components account for a substantial portion of the market, underlining the industry's commitment to ensuring safety and reliability. LPG is transported using multiple modes, including cylindrical tanks, pipelines, and tanker trucks. Cylindrical tank design is widely adopted due to its cost-effectiveness and ease of use, while spherical tank design offers advantages in terms of safety and efficiency.

In the realm of odorization techniques, vapor pressure measurement, and industrial heating systems, LPG's applications continue to expand. Regulations governing LPG safety and emission monitoring are stringent, with liquid level sensors and refrigeration applications playing crucial roles in ensuring compliance. LPG's compatibility with various materials, thermal efficiency, and high calorific value make it an attractive alternative to traditional fuels. Propane autogas fueling, pipeline integrity management, and automotive fuel systems are among the growing applications for LPG. Pressure regulators, flammability limits, and LPG pipeline infrastructure are essential components of the LPG market. Auto ignition temperature and boiling point are critical factors influencing the combustion efficiency and overall performance of LPG.

Request Free Sample

The Residential segment was valued at USD 106.40 billion in 2019 and showed a gradual increase during the forecast period.

Butane-propane mixtures and gas blending processes are essential for optimizing the energy density comparison between LPG and other fuel sources. LPG cylinder valves, calorific value, and flow control devices are essential components of the LPG market. Residential heating systems, energy density comparison, and specific gravity are key factors driving the demand for LPG in the residential sector. The LPG storage tank market is expected to grow by 15% in t

Brazil BR: Consumer Fuel Price: Liquefied Petroleum Gas: Average data was reported at 110.340 BRL/13 kg in Nov 2025. This records an increase from the previous number of 110.300 BRL/13 kg for Oct 2025. Brazil BR: Consumer Fuel Price: Liquefied Petroleum Gas: Average data is updated monthly, averaging 40.980 BRL/13 kg from Jul 2001 (Median) to Nov 2025, with 292 observations. The data reached an all-time high of 113.513 BRL/13 kg in Apr 2022 and a record low of 17.190 BRL/13 kg in Jul 2001. Brazil BR: Consumer Fuel Price: Liquefied Petroleum Gas: Average data remains active status in CEIC and is reported by National Petroleum, Natural Gas and Biofuels Agency. The data is categorized under Global Database’s Brazil – Table BR.PI: Consumer Fuel Price: Brazil: Monthly. Note:The Survey of Price and Margin Fuels Marketing covers gasoline, hydrated ethanol fuel, diesel oil without additive, compressed natural gas (CNG) and liquefied petroleum gas (LPG) which have been surveyed in 555 locations, about 10% municipalities in Brazil, in accordance with procedures established by the Brazilian National Agency of Petroleum, Natural Gas and Biofuels.The results of the Survey of Price and Margin Fuels Marketing contain selling price to the final consumer and purchasing price from the wholesaler of gasoline, hydrated ethanol fuel, diesel oil without additive, CNG and LPG observed in each municipality which has participated in the survey.

The global liquefied petroleum gas (LPG) market surged to $193B in 2024, with an increase of 16% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Global consumption peaked at $194.3B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

The Wholesale Price Index of liquefied petroleum gas across India during financial year 2024 was almost ***. The price index value of LPG increased by about ** percent from the base year of 2012 in India.

Price for Liquefied Petroleum Gas (LPG) in the United States - 2023. Find the latest marketing data on the IndexBox platform.

The retail price of liquefied petroleum gas (LPG) in the Netherlands stood at ** euro cents on July 1, 2024. This figure represents a slight increase of less than one euro cent in comparison to the previous year. Often referred to as autogas when used as a fuel for motor vehicles, LPG generally has a lower energy density than petrol or fuel oil. Compared to the price of unleaded 95 octane fuel, LPG is significantly cheaper. LPG cars have lower average purchase price In regard to the average purchase price of new passenger cars, LPG-fueled vehicles tend to be the cheapest option for drivers in the Netherlands. Diesel cars are among the most expensive out of all petroleum-fueled vehicles, with prices more than ***** times those for LPG cars. Netherlands among EU countries with highest fuel prices The Netherlands generally has some of the highest fuel prices in the European Union. In June 2023, the average price for gasoline was above *** euros per liter. This put the Netherlands ahead of neighboring Germany, but below other large car markets Italy and France, which were even more expensive. Fuel prices are primarily determined by crude oil prices and crude availability in addition to subsidies and taxes that may be imposed.

Since December 2020, in accordance with government policies, prices have not been adjusted. Therefore, the adjustment date is December 2, 2020.Purpose of collection: To provide reference for judging the future price trend of liquefied petroleum gas; Data source: Compiled from the monthly liquefied petroleum gas brand prices of CPC Corporation. Microsoft instructional document: Add and remove Web Servicehttps://msdn.microsoft.com/zh-tw/library/d9w023sx(vvs.100).aspxMicrosoft instructional document: Call Web Servicehttps://msdn.microsoft.com/zh-tw/library/6h0yh8f9(vvs.100).aspx

Chile Fuel Prices: LPG: Concepcion: Catalytic data was reported at 19,103.000 USD in Apr 2019. This records an increase from the previous number of 18,690.000 USD for Mar 2019. Chile Fuel Prices: LPG: Concepcion: Catalytic data is updated monthly, averaging 16,533.000 USD from Feb 2015 (Median) to Apr 2019, with 51 observations. The data reached an all-time high of 20,180.000 USD in Oct 2018 and a record low of 14,270.000 USD in Jul 2015. Chile Fuel Prices: LPG: Concepcion: Catalytic data remains active status in CEIC and is reported by National Commission of Energy. The data is categorized under Global Database’s Chile – Table CL.P008: Liquified Petroleum Gas Price: by City.

The Asian liquefied petroleum gas (LPG) market skyrocketed to $118.2B in 2024, jumping by 20% against the previous year. The total consumption indicated a mild expansion from 2012 to 2024: its value increased at an average annual rate of +1.3% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2024 and is likely to continue growth in the immediate term.

Algeria Export Price: Annual: Liquefied Petroleum Gas data was reported at 191.200 USD/Barrel in 2023. This records an increase from the previous number of 63.500 USD/Barrel for 2022. Algeria Export Price: Annual: Liquefied Petroleum Gas data is updated yearly, averaging 47.300 USD/Barrel from Dec 2001 (Median) to 2023, with 23 observations. The data reached an all-time high of 191.200 USD/Barrel in 2023 and a record low of 18.500 USD/Barrel in 2002. Algeria Export Price: Annual: Liquefied Petroleum Gas data remains active status in CEIC and is reported by General Directorate of Customs. The data is categorized under Global Database’s Algeria – Table DZ.P002: Export Price of Hydrocarbon.

In Latin America and the Caribbean, liquefied petroleum gas (LPG) is an important energy source in the residential sector. This fuel is frequently used in by households for cooking and heating. Nevertheless, prices vary significantly across countries. In 2020, households in Chile paid an average of **** U.S. dollars per kilogram. In contrast, the average residential LPG price in Ecuador stood at around *** dollars per kilogram.

Price for Liquefied Petroleum Gas (LPG) in Kazakhstan - 2021. Find the latest marketing data on the IndexBox platform.

Chile Fuel Prices: LPG: Antofagasta: Regular data was reported at 17,450.000 USD in Apr 2019. This records a decrease from the previous number of 18,450.000 USD for Mar 2019. Chile Fuel Prices: LPG: Antofagasta: Regular data is updated monthly, averaging 16,967.000 USD from Feb 2015 (Median) to Apr 2019, with 51 observations. The data reached an all-time high of 20,333.000 USD in Oct 2018 and a record low of 15,783.000 USD in Sep 2016. Chile Fuel Prices: LPG: Antofagasta: Regular data remains active status in CEIC and is reported by National Commission of Energy. The data is categorized under Global Database’s Chile – Table CL.P008: Liquified Petroleum Gas Price: by City.

Price for Liquefied Petroleum Gas (LPG) in Qatar - 2023. Find the latest marketing data on the IndexBox platform.

In 2024, the annual average price of liquefied petroleum gas (LPG) in Thailand amounted to around **** Thai baht per liter, which was a slight increase compared to the previous year. The average price of LPG in the country has fluctuated over the observed period.

Chile Fuel Prices: LPG: Metropolitan Santiago: Regular data was reported at 18,443.000 USD in Apr 2019. This records an increase from the previous number of 18,030.000 USD for Mar 2019. Chile Fuel Prices: LPG: Metropolitan Santiago: Regular data is updated monthly, averaging 15,940.000 USD from Feb 2015 (Median) to Apr 2019, with 51 observations. The data reached an all-time high of 20,153.000 USD in Oct 2018 and a record low of 13,636.000 USD in Jul 2015. Chile Fuel Prices: LPG: Metropolitan Santiago: Regular data remains active status in CEIC and is reported by National Commission of Energy. The data is categorized under Global Database’s Chile – Table CL.P008: Liquified Petroleum Gas Price: by City.

In 2024, the Middle Eastern liquefied petroleum gas (LPG) market was finally on the rise to reach $20.2B for the first time since 2021, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a perceptible reduction. The level of consumption peaked at $36.7B in 2012; however, from 2013 to 2024, consumption remained at a lower figure.