France Liquefied Petroleum Gas (LPG) Market Research Report, 2029

LPG use in France has a long history, reaching back several decades, and is especially common in rural areas, where it has been predominantly used for cooking and heating. Because of its low cost and government subsidies, there has been a considerable movement toward its use as a transportation fuel, known as autogas. The LPG sector is dominated by established firms, with refineries serving as major manufacturing facilities. However, the market has seen the introduction of new players, particularly in the autogas conversion and distribution areas. These newcomers contribute new viewpoints, technology, and business models to the industry, stimulating competition and spurring innovation. The existence of both established firms and newcomers enhances market dynamics, providing consumers with a varied selection of products and services to choose from. When compared to other European countries, France has a relatively lower LPG use rate. However, what distinguishes France is the rapid expansion of its autogas business. Autogas, or LPG used as a vehicle fuel, is becoming increasingly popular in France due to its low cost and environmental friendliness. This growth suggests a shift towards more sustainable transportation options in the country, establishing France as a regional leader in the use of LPG for automotive purposes. According to the research report “France Liquefied Petroleum Gas (LPG) Market Research Report, 2029," published by Actual Market Research, the France Liquefied Petroleum Gas (LPG) market is predicted to grow with more than 5% CAGR from 2024 to 2029. Several factors are driving the increased usage of LPG in both homes and enterprises. Rising energy costs, combined with government subsidies, are major drivers to this tendency. Furthermore, LPG boilers' cheaper startup costs when compared to alternatives such as natural gas serve as a compelling stimulus for their adoption. Furthermore, auto-gas.net reports that new LPG car registrations would increase by 54% in 2023 compared to the previous year, indicating a jump in autogas usage. Furthermore, LPG is gaining attention for its environmental benefits, with many seeing it as a cleaner option to traditional fuels. Despite the growing popularity of LPG, there are some issues that must be addressed. Intense competition from various alternative fuels, such as biofuels and electric vehicles, threatens its market dominance. Furthermore, the expansion of LPG infrastructure is critical to meeting rising demand, notably in the autogas sector. Government policies play an important role in establishing the landscape for LPG use. Favourable policies, such as tax savings on LPG fuel, encourage its use across a variety of industries. Furthermore, severe safety standards exist to ensure the safe storage, transportation, and use of LPG, protecting both humans and the environment.

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LPG is utilised across various applications, including domestic, residential, commercial, agricultural, industrial, transportation, refinery, and chemical sectors. In domestic and residential settings, LPG serves as a versatile energy source for heating, cooking, and other household needs, while in commercial applications, it is commonly employed for heating and powering various equipment and appliances. Agriculture relies on LPG for activities such as crop drying, pest control, and greenhouse heating. In industrial settings, LPG finds extensive use in manufacturing processes, space heating, and as a fuel for machinery and equipment. The transportation sector utilises LPG as an alternative fuel for vehicles, offering a cleaner-burning option compared to traditional gasoline or diesel. Within refineries, LPG is produced as a byproduct of the refining process, extracted through techniques such as crude oil distillation, catalytic cracking, and hydrocracking. Additionally, LPG can be sourced from associated gas, which is natural gas co-extracted with crude oil, or from non-associated gas reserves, where it is found independently of crude oil. This diversity in sources ensures a steady supply of LPG for various applications, supporting its widespread use across different sectors while also offering flexibility and resilience in the face of changing market conditions and demands. The increased emphasis on energy independence and reducing reliance on traditional energy sources such as Russian oil creates substantial opportunities for the liquefied petroleum gas (LPG) business. With its various applications and reasonably clean combustion, LPG stands out as a feasible option. Trade exhibitions and conferences dedicated to alternative fuels are critical platforms for promoting business growth. These events promote networking opportunities, technological improvements, and knowledge sharing among industry stakeholders, resulting in increased innovation and market expansion. Given its significantly lower price than gasoline and diesel, LPG appears as an appealing option for consumers looking for cost-effective fuel alternatives. LPG is approximately half the cost of gasoline, with an average of €0.96 per litre at the pump, making it an appealing option for budget-conscious individuals and organisations. This cheap cost positions LPG positively in the market, helping to its increasing acceptance across a variety of industries. Furthermore, segmentation in the LPG industry enables customised marketing methods tailored to specific consumer preferences and purposes. LPG, or liquefied petroleum gas, is an important energy source obtained mostly from natural gas processing and crude oil refining. In France, LPG demand is fulfilled through a mix of domestic production and imports. LPG production is strongly tied to the extraction and processing of natural gas and crude oil. This provides a consistent supply of LPG to suit the diverse needs of the country's households, enterprises, and transportation sectors. Despite its reliance on imports, France has a reliable supply network to meet its LPG requirements. In France, industry bodies such as France Gaz Liquides actively promote LPG use. These organisations play an important role in teaching customers about the advantages of utilising LPG in a variety of industries, including households, businesses, and transportation. Furthermore, autogas conversion companies target individual consumers looking for low-cost, environmentally friendly fuel options, which helps to drive LPG usage in the country. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Kripa Shah

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Aspects covered in this report • Liquefied Petroleum Gas (LPG) market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Application • Domestic • Agriculture • Industrial • Transportation • Refinery • Chemical By Source • Refinery • Associated Gas • Non-associated Gas

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The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Liquefied Petroleum Gas (LPG) industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.