세계의 바이오 LPG 시장 : 예측(2025-2030년)

The Bio LPG market is projected to grow at a CAGR of 15.44% over the forecast period, increasing from US$2,146.575 million in 2025 to US$4,401.570 million by 2030.

Bio LPG is a renewable and sustainable gas formed from a blend of residues, wastes, the environment, and sustainably sourced materials. Bio LPG comes from gaseous fuels which have production processes that use organic and renewed feedstocks. The major companies are investing in developing novel and advanced solutions and infrastructure and producing bio-LPG. For instance, in November 2023, SHV Energy had a strategic partnership with Japanese partners Furukawa Electric Co., Ltd. and Astomos Energy Corporation to work on solutions for bioLPG production routes. This collaboration aimed to convert carbon dioxide and methane from livestock manure into millions of tonnes of renewable bio-LPG.

The demand for renewable fuels is rising worldwide, contributing to the bio LPG market growth. Bio LPG from renewable sources is a much cleaner and sustainable alternative to conventional LPG. Further, the increasing global population is also adding to the increased demand in the market as it provides energy for cooking, heating, and transportation. According to UN estimates, there will be a two billion population increase worldwide in the next three decades, from 8 billion in 2022 to 9.7 billion by 2050. At the same time, India's population is forecast to rise to 1,425,775,850 by April 2023, which is nearly the same and even more than that of mainland China. Besides, urbanization and industrialization create energy demand that works efficiently and reliably. Bio LPG works for both residential and industrial applications and will witness significant market growth in the coming years.

In addition, using strategic partnerships is a means through which companies are enhancing their market potential. For instance, in March 2022, the finalization by Neste Corporation of a 50/50 joint venture with Marathon Petroleum in the United States as a strategy to bring hold on a certain bigas sector. The joint venture was signed to develop biodegradable substances at Marathon refinery in California.

Bio LPG market drivers:

• The increasing transition towards clean fuel is predicted to promote the bio LPG market expansion.

Bio LPG demand will increase in the coming years owing to the global progress toward clean fuel. The World Health Organization stated that it recognizes LPG and bio LPG as clean fuels to fight household air pollution. The International Energy Agency highly recommends LPG as the best option for combating household air pollution concerned with energy use. Several reports say bio LPG fuels lower climate-carbon emissions to a very great extent. Moreover, countries are moving towards bio-LPG solutions, and all major nations have adopted benefits from bio-LPG solutions to cut carbon emissions.

Additionally, Natural gas encompasses a plethora of gases and liquids that lead to LPG and bio LPG production, and its increasing demand and consumption are boosting LPG in the market. Bio LPG is a renewable form of LPG produced from water and remains from plants, hence termed renewable, and will witness an increase in demand. According to the Petroleum Planning Analysis Cell, as of October 2024, the total consumption of natural gas is 6,014 million standard cubic meters of gas (MMSCM). It has increased to this value from 5,630 MMSCM. The forecasted figure for this period is expected to follow an upward trend, while from April 2024 to October 2024, total natural gas consumption accounted for a value of 42,805 MMSCM. This can also be used for cooking, increasing the demand for bio LPG.

Bio LPG market geographical outlook

Based on geography, the bio LPG market is segmented into the Americas, Europe Middle East and Africa, and the Asia Pacific. The Asia Pacific region is experiencing significant growth in the Bio LPG market, driven by various factors contributing to its expanding demand. This surge is primarily attributed to the increasing adoption of renewable energy sources, with Bio LPG emerging as a sustainable alternative to conventional fossil fuels. The region's commitment to reducing carbon emissions and transitioning towards cleaner energy solutions has positioned Bio LPG as a key player in the energy landscape.

One of the critical growth factors for the Bio LPG market in the Asia Pacific is the substantial increase in renewable energy capacity, particularly in countries like China. According to estimates from the International Energy Agency and the National Energy Administration (NEA), renewable energy constituted 47.3% of China's total generation capacity in 2022, reflecting a robust shift towards sustainable energy production. This trend not only indicates a favorable environment for expanding production facilities for sustainable fuels like Bio LPG but also aligns with global efforts to combat climate change. As governments across the region implement supportive policies and incentives, including subsidies for biofuels, the Bio LPG market is set to benefit significantly from these initiatives.

Furthermore, urbanization and rising disposable incomes are driving demand for cleaner cooking and heating solutions among households and industries. The growing middle class in countries such as India and Indonesia is increasingly turning to Bio LPG due to its affordability and environmental benefits compared to traditional fuels. Additionally, technological advancements in production processes and logistics are enhancing the efficiency and safety of Bio LPG supply chains, further supporting market growth. Overall, the combination of government support, technological innovation, and changing consumer preferences positions the Asia Pacific region as a dominant force in the global Bio LPG market.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Bio LPG market is analyzed into the following segments:

By Feedstock

• Residual/ Wastes
• Sugar
• Oil

By End-User

• Residential
• Commercial

By Geography

• Americas
• Europe Middle East and Africa
• Asia Pacific

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base and Forecast Years Timeline
• 1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Process

3. EXECUTIVE SUMMARY

• 3.1. Key Findings
• 3.2. Analyst View

4. MARKET DYNAMICS

• 4.1. Market Drivers
• 4.2. Market Restraints
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis

5. BIO LPG MARKET BY FEEDSTOCK

• 5.1. Introduction
• 5.2. Residual/ Wastes
• 5.3. Sugar
• 5.4. Oil

6. BIO LPG MARKET BY END-USER

• 6.1. Introduction
• 6.2. Residential
• 6.3. Commercial

7. BIO LPG MARKET BY GEOGRAPHY

• 7.1. Introduction
• 7.2. Americas
  • 7.2.1. By Feedstock
  • 7.2.2. By End-User
• 7.3. Europe Middle East and Africa
  • 7.3.1. By Feedstock
  • 7.3.2. By End-User
• 7.4. Asia Pacific
  • 7.4.1. By Feedstock
  • 7.4.2. By End-User

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 8.1. Major Players and Strategy Analysis
• 8.2. Market Share Analysis
• 8.3. Mergers, Acquisitions, Agreements, and Collaborations
• 8.4. Competitive Dashboard

9. COMPANY PROFILES

• 9.1. SHV Energy
• 9.2. ENI
• 9.3. Neste
• 9.4. Avanti Gas
• 9.5. Renewable Energy Group
• 9.6. UGI International
• 9.7. Liquid Gas UK