Liquefied Petroleum Gas is a mixture of hydrocarbon gases, primarily propane and butane. The liquefied petroleum gas market is not just about fuel; it is also a vital feedstock for the petrochemical industry. Propane is used to produce propylene (for plastics), and butane is used to produce butadiene (for synthetic rubber). The liquefied petroleum gas market for "chemical" feedstock is a significant and growing segment, driven by demand for plastics and synthetic fibers.

The broader liquefied petroleum gas lpg market includes this segment. The liquefied petroleum gas market for "propane" is the largest component (by volume). The liquefied petroleum gas market for "butane" is also significant. The liquefied petroleum gas market for "autogas" is a mix of propane and butane (depending on climate). The liquefied petroleum gas market for "commercial" propane is used for forklifts, floor buffers, and other equipment.

The liquefied petroleum gas market for "industrial" uses include metal cutting (oxy-propane), heat treatment, and as a fuel for kilns and ovens. The liquefied petroleum gas market for "agricultural" uses include crop drying, pest control (flaming), and as a fuel for irrigation pumps. The liquefied petroleum gas market for "soldering" and "brazing" uses small cylinders. The liquefied petroleum gas market for "aerosol" propellants (in deodorants, hairsprays) use propane/butane blends.

The liquefied petroleum gas market for "refinery" production of LPG is as a byproduct of crude oil refining (catalytic cracking, coking). The liquefied petroleum gas market for "natural gas" plants (gas processing) extract LPG from the natural gas stream. The liquefied petroleum gas market for "shale" gas has increased LPG supply.

The liquefied petroleum gas market for "storage" is in pressurized spheres, bullets, or caverns. The liquefied petroleum gas market for "transport" is by pipeline, rail, or marine vessel. The liquefied petroleum gas market for "import/export" terminals are key infrastructure.

Looking ahead, the liquefied petroleum gas market will see the growth of "renewable" propane and butane (from biomass or waste). The liquefied petroleum gas market for "carbon capture" from LPG production is being studied. The liquefied petroleum gas market for "cracking" LPG to olefins (propane dehydrogenation, PDH) is growing.

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