Forecast global LPG demand growth of 800 MBbl/d to 1 MMBbl/d by 2020 to be driven by petrochem projects in Asia and Middle East as well as residential, ommercial, alkylate and power generation demand
8Naphtha cracker conversion to LPG another potential demand driver that has not yet been factored into analyst estimates, adding about 1 MMBbl/d.
8Projects for extraction of C3 from LPG are coming up in large numbers in the China, Korea and US
8The market is growing at a CAGR of a rapid 9%
8Bulk of the additional supply is to come from the US.
8The demand is going to grow mainly in China, India and Saudi Arabia.
For more details visit indianpetroplus.com
8Naphtha cracker conversion to LPG another potential demand driver that has not yet been factored into analyst estimates, adding about 1 MMBbl/d.
8Projects for extraction of C3 from LPG are coming up in large numbers in the China, Korea and US
8The market is growing at a CAGR of a rapid 9%
8Bulk of the additional supply is to come from the US.
8The demand is going to grow mainly in China, India and Saudi Arabia.
For more details visit indianpetroplus.com
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