Liquefied Petroleum Gas (LPG) Procurement Intelligence
The global liquefied petroleum gas (LPG) category is anticipated to grow at a CAGR of 3.7% from 2023 to 2030.
It is driven by growing acceptance of green and renewable energy sources in emerging and developed nations, rising understanding of the benefits of switching to LPG from fossil fuels, and efforts and contributions by local governments to promote the usage of LPG in a variety of applications. In addition, rise in the usage of LPG in automotives as an alternate fuel to diesel and regular gasoline, and as a clean-burning fuel for indoor cooking in residential settings (especially as a smokeless fuel) in various regions is also anticipated to fuel the growth of the category. However, Infrastructure constraints, and concerns pertaining to safety during the storage, handling, and transportation of LPG since it is pressurized and flammable, may hinder the growth of the global category during the forecasted timeframe.
Order your copy of the Liquefied Petroleum Gas (LPG) category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Liquefied Petroleum Gas (LPG) Procurement Intelligence Report Scope
The Liquefied Petroleum Gas (LPG) category is expected to have pricing growth outlook of 5% - 10% increase (Annually), with below pricing models.
- Cost-plus pricing
- Demand-based pricing
Supplier Selection Scope of Report
- Cost and pricing
- Past engagements
- Productivity
- Geographical presence
Supplier selection criteria of Report
- Geographical service provision
- industries served
- years in service
- tank sizes for commercial & industrial applications
- periodic safety training
- audit
- maintenance services
- safety provisions & products
- regulatory & environmental compliance
- lead time
- others
Liquefied Petroleum Gas (LPG) Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
- Market Intelligence along with emerging technology and regulatory landscape
- Market estimates and forecasts from 2022 to 2030
- Growth opportunities, trends, and driver analysis
- Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
- Porter’s 5 forces
- Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
- Engagement and operating models, KPI, and SLA elements
- LCC/BCC analysis and negotiation strategies
- Peer benchmarking and product analysis
- Market report in PDF, Excel, and PPT and online dashboard versions
Liquefied Petroleum Gas (LPG) Procurement Cost and Supplier Intelligence
Cost of raw materials / feedstock (natural gas and crude oil), labor, equipment & machinery, rent & utilities, and transportation & logistics are the key cost components in this category. Raw materials / feedstock forms the largest cost component in the category. Gas offered in the category is the byproduct of both natural gas and crude oil. In the U.S., though LPG is more directly competitive with the other crude oil byproducts, natural gas processors provide around 69.9% of the propane.
For this reason, changes in the price of crude oil are reflected in the wholesale price of propane. Since propane is a byproduct, demand and price fluctuations cannot be used to modify the amount of propane made available through the processing of natural gas and crude oil. The majority of propane sold at wholesale in the nation is generated domestically. The average price of LPG in the U.S. during 2023 had been 2.018 USD/US gallon.
List of Key Suppliers
- Bharat Petroleum Corporation Limited
- BP p.l.c.
- Chevron Corporation
- China National Petroleum Corporation
- Exxon Mobil Corporation
- Flaga s r.o.
- L’Air Liquide S.A.
- Petrofac Limited
- QatarEnergy
- Repsol S.A.
- Shell International B.V.
- Vitol Netherlands Coöperatief U.A.
Add-on Services provided by Grand View Research Pipeline:
Should Cost Analysis
- Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
Rate Benchmarking
- Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
Salary Benchmarking
- Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
Supplier Newsletter
- A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.
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Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
