The Australia liquefied petroleum gas market size was valued at USD 5.02 Billion in 2024. The market is further projected to grow at a CAGR of 3.60% between 2025 and 2034, reaching a value of USD 7.15 Billion by 2034.
Base Year
Historical Year
Forecast Year
Australia's LPG fleet consists of 700,000 vehicles, ranking it as the fifth largest in the world.
The country's LPG consumption data indicates that Australia consumed 24.84 thousand barrels per day in 2022, with an average consumption of 49.47 thousand barrels per day from 1980 to 2022.
Australia is self-sufficient in meeting its natural LPG requirements, with about 80% of LPG derived from gas fields and 20% from refining crude oil at Australia's seven refineries.
Value in USD Billion
2025-2034
Australia Liquefied Petroleum Gas Market Outlook
*this image is indicative*
Some of the factors driving Australia liquefied petroleum gas market growth include the growing demand for LPG across various applications such as household, commercial, and industrial sectors, the supportive government initiatives promoting energy efficiency and sustainability, and the significant growth opportunities presented by infrastructure expansion. The production of LPG in Australia is predicted to grow beyond 5,024 kt by 2029, with reserves capable of satisfying the domestic market for over 20 years.
Additionally, the dominance of natural gas liquids in the LPG market due to their cleaner fuel characteristics have led to Australia liquefied petroleum gas market development. The Australian Bureau of Agricultural and Resource Economics (ABARE) forecasts that production of naturally occurring LPG will double by 2030, with large-scale natural gas projects expected to increase LPG production beyond ABARE's estimates.
With the increasing availability of high-efficiency electrical appliances, market players in Australia are exploring technological options to deliver zero-emissions gas to consumers. As per industry reports, this focus on emission reduction and technological innovation have guided the growth of the market.
LPG is being employed as a fuel for vehicles, offering a cleaner and more environmentally friendly alternative to traditional gasoline or diesel. Australia has a robust infrastructure for LPG distribution, with over 3,200 retail outlets across the nation, enabling easy access to LPG refuelling stations. This has contributed to the success of transportation sector's shift towards LPG.
LPG serves as a crucial raw material in the petrochemical industry, contributing to the manufacturing of plastics, chemicals, and other essential products. The segment's growth is fuelled by the petrochemical sector's need for reliable and efficient energy sources, positioning LPG as a key component in this industry. In agriculture, LPG is used for heating, drying, and powering equipment, enhancing productivity and efficiency on farms.
Australia Liquefied Petroleum Gas Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments
Market Breakup by Source
Market Breakup by Application
Market Breakup by Region
Market players are focused on exploring technological options to deliver low-emissions or zero-emissions gas to consumers.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market reached an approximate value of USD 5.02 Billion.
The Australia liquefied petroleum gas market is expected to grow at a CAGR of 3.60% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 7.15 Billion by 2034.
The market is being driven due to growing residential and commercial demand for LPG, supportive government initiatives and policies, and the dominance of natural gas liquids in the market.
Key trends aiding the market expansion include Australia's shift towards net-zero emissions, increasing availability of high-efficiency electrical appliances, and urbanisation and infrastructure expansion.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different applications of by LPG are refinery and petrochemical, industrial, agriculture, commercial, residential, and transportation, among others.
Based on source, the market segmentations include associated gas, non-associated gas, and refinery.
Key players in this market include BP Australia Pty Limited, Shell Australia Pty Limited, BOC Australia, Elgas Ltd., and Coregas Pty Ltd, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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