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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe BioLPG Market Trends
As the HVO (Hydrotreated Vegetable Oil) process is currently the dominant method for commercial bioLPG production, manufacturers are actively investing in research and development efforts. These initiatives aim to investigate alternative sources for bioLPG procurement, such as exploring the potential of microbial synthetic pathways for biopropane production through fermentation.
Rural property owners who reside off-grid and seek eco-friendly heating solutions might discover substantial initial cost savings by transitioning to LPG/bioLPG, in comparison to other low-carbon alternatives like heat pumps or biomass boilers.
Over the last five years, commercial bioLPG production via hydroprocessing has experienced steady double-digit growth, driven by a growing number of refinery conversions and the emergence of greenfield biofuels initiatives.
Europe BioLPG Market Report Snapshots
Europe BioLPG Market Regional Analysis
*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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Key Questions Answered in the Report
The Europe bioLPG market attained a volume of 391.05 KMT in 2023.
The market is estimated to grow at a CAGR of 19.8% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 1,879.12 KMT by 2032.
The key drivers of the bioLPG market are the increasing refinery conversions and greenfield biofuels projects, increasing research and development activities, rising environmental consciousness and depletion of natural resources, and growing energy demands.
The key trends guiding the growth of the market include rapid advancements in technology and stringent government measures to achieve decarbonisation goals.
The major regional markets are France, Germany, Italy, Spain, Sweden, the United Kingdom, the Netherlands, and Belgium, among others.
The different applications include industrial, transport, household, HoReCa, offices, and others.
The key players in the market include Neste Oyj, TotalEnergies, Ekobenz Sp.z.o.o, Galp Energia, SGPS, S.A., Compañía Española de Petróleos, S.A. (CEPSA), and ENI Spa, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +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
+84865399124