The liquefied petroleum gas market is growing globally, and the same trend is expected to follow in Latin America.The Latin American liquefied petroleum gas market is segmented on the basis of source, application, and country.Latin American liquefied petroleum gas market, is expected to account for highest share in the liquefied petroleum gas market by 2019, and is expected to grow at a CAGR of 3.9% during the forecast period.
The residential or commercial market segment in Mexico is expected grow at highest CAGR of 5.2% from 2014 to 2019. In the year 2013, Latin America liquefied petroleum gas market was valued at $23.8 billion, and is expected to reach $29.9 billion by 2019, at a CAGR of 3.9% from 2014 to 2019.
The countries included in the segmentation are Mexico, Brazil, Venezuela, and others. Mexico is currently the fastest-growing segment in the Latin American liquefied petroleum gas market, and is expected to grow at CAGR of 4.5% during the forecast period.The key players that are operating in Latin American liquefied petroleum gas market are Petrobras (Brazil), Yacimientos Petrolíferos Fiscales (Argentina), Ecopetrol (Colombia), and Petroleos de Venezuela, S.A. (Venezuela), among others. The key strategies followed by these players are new product launches & product approvals, partnerships, agreements, collaborations, joint ventures, and acquisitions.
Please find more about Latin America Liquefied Petroleum Gas Market by Sources (Refineries, Associated and non-Associated),by Application (Residential/commercial, chemical , industrial and auto gas & Others),by Countries - Regional Trends & Forecast to 2019 at reports.zursh.com
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