South America LPG Market Analysis, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End User Industries, Distribution Channel, Regional Demand, 2015-2030
South America LPG demand stood at 17.70 Million Tonnes in 2020 and is forecast to reach 34.28 Million Tonnes by 2030, growing at a healthy CAGR of 7.12% until 2030. South America domestic cooking and heating sector accounts for more than 16% of the global heating and cooking demand, followed by Asia. The region is investing strongly in expanding its trade ties with the United States to cater to its rising LPG demand. Besides, the growing need for cleaner fuels in industries to put less stress on the environment as well as reduce carbon footprint is significantly adding to the growth of the South America LPG market. Moreover, the promotion of LPG vehicles by the government to reduce pollution in the region and increase infrastructural activities are propelling the growth of the South America LPG market.
The COVID-19 pandemic put halt to the development of infrastructure, adoption of vehicles, and led to a temporary ban on the manufacturing of non-essential goods to reduce the virus contamination, and these factors negatively impacted the South America LPG market growth. However, as the commercial activities and transportation sector are gaining momentum, the demand for LPG has been reinstated in usual volumes.
Under this subscription, you would be able to access the South America LPG market demand and supply analysis on a cloud-based platform for one year. The data is updated on a near real-time basis to add any new movement in the industry including, but not limited to new plant announcements, plant shutdowns, temporary disruptions in demand or supply, news and deals, and much more specific to LPG.
Years Considered for Analysis:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
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