Reports
Reports
Sale
The Spain LPG market reached around 1.86 million tons in 2023. The market is projected to grow at a CAGR of 1.5% between 2024 and 2032, reaching almost 2.13 million tons by 2032.
Spain LPG Market Report Summary | Description | Value |
Base Year | Million Tons | 2023 |
Historical Period | Million Tons | 2018-2023 |
Forecast Period | Million Tons | 2024-2032 |
Market Size 2023 | Million Tons | 1.9 |
Market Size 2032 | Million Tons | 2.1 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 1.5% |
CAGR 2024-2032 - Market by Region | Madrid | 1.7% |
CAGR 2024-2032 - Market by Region | Valencia | 1.4% |
CAGR 2024-2032 - Market by Source | Refinery | 1.9% |
CAGR 2024-2032 - Market by Application | Residential | 1.7% |
Market Share by Region | Catalonia | 20.3% |
Currently, Spain boasts 97,500 LPG-powered vehicles. In 2023, LPG car sales recorded a year-on-year increase of 75%, crossing 25,000 units. To minimise fuel costs and reduce harmful emissions, automotive conversions to LPG recorded a year-on-year increase of 25% and reached 100,000 adaptations. Between 2018-2023, such conversions grew at an average rate of 23.72% annually, with an increasing number of private car owners switching towards LPG vehicles, apart from commercial fleet operators and taxi drivers.
Commercial taxi drivers obtain an ECO label from the Directorate General of Traffic in Spain upon such conversion, which allows them to drive their vehicles in low-emission areas. Driving merely 10,000 kilometres enables them to recover 70% of the cost of making upgrades. The expansion of the existing network of LPG refuelling stations (900 at present) is expected to drive the demand for LPG over the forecast period.
The prices of LPG cylinders depend on several factors, including the cost of propane and butane, transportation expenditure, and the prevailing exchange rate with the dollar. The Spanish government has capped the price of butane cylinders (8kg-20kg) at 19.55 euros. This is expected to cushion consumers from the impact of soaring prices of butane cylinders, thereby driving long-term market growth.
Spain LPG Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Source
Market Breakup by Application
Market Breakup by Region
CAGR 2024-2032 - Market by | Region |
Madrid | 1.7% |
Valencia | 1.4% |
Catalonia | XX% |
Andalusia | XX% |
Basque Country | XX% |
Based on application, the market is divided into residential, commercial, industrial, and transport, among others. Over the forecast period, transport is expected to emerge as one of the leading segments, as LPG becomes the most popular fuel in the alternative fuels category for automobiles.
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
Major companies are expected to boost their collaboration with automotive manufacturers to cater to the growing demand for LPG vehicles in Spain in the forecast period.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Source |
|
Breakup by Application |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Europe LPG Market Overview
8.1 Key Industry Highlights
8.2 Europe LPG Historical Market (2018-2023)
8.3 Europe LPG Market Forecast (2024-2032)
9 Spain LPG Market Overview
9.1 Key Industry Highlights
9.2 Spain LPG Historical Market (2018-2023)
9.3 Spain LPG Market Forecast (2024-2032)
10 Spain LPG Market by Source
10.1 Refinery
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Associated Gas
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Non-Associated Gas
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Spain LPG Market by Application
11.1 Residential
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Commercial
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Industrial
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Transport
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Spain LPG Market by Region
12.1 Catalonia
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Madrid
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Andalusia
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Valencia
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Basque Country
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Shell Plc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 BP Plc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Compañía Española De Petróleos, S.A. (Cepsa)
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Repsol S.A.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Europe LPG Market: Key Industry Highlights, 2018 and 2032
2. Spain LPG Market: Key Industry Highlights, 2018 and 2032
3. Spain LPG Historical Market: Breakup by Source (Million Tons), 2018-2023
4. Spain LPG Market Forecast: Breakup by Source (Million Tons), 2024-2032
5. Spain LPG Historical Market: Breakup by Application (Million Tons), 2018-2023
6. Spain LPG Market Forecast: Breakup by Application (Million Tons), 2024-2032
7. Spain LPG Historical Market: Breakup by Region (Million Tons), 2018-2023
8. Spain LPG Market Forecast: Breakup by Region (Million Tons), 2024-2032
9. Spain LPG Market Structure
The market reached nearly 1.86 million tons in 2023.
The market is projected to grow at a CAGR of 1.5% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around 2.13 million tons in 2032.
The different sources of LPG include refinery, associated gas, and non-associated gas.
The different applications of LPG include residential, commercial, industrial, and transport, among others.
The different regions covered in the market report include Catalonia, Madrid, Andalusia, Valencia, and Basque Country.
The key market players are Shell Plc, BP Plc, Compañía Española De Petróleos, S.A. (Cepsa), and Repsol S.A., among others.
Datasheet
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.