DUBLIN--(BUSINESS WIRE)--The "Bio LPG Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.

The Bio LPG is market is evaluated at around US$150 million during the year 2019.

Bio LPG refers to the bio propane produced from plant and vegetable residuals. It is a derived product from Biomass using similar techniques such as Hydrotreating, Dehydrogenation, and Fermentation. The only difference between liquified petroleum gas and Bio LPG is that the source is different though in terms of the chemical composition both are same. Generally, Bio-LPG is derived from vegetable or waste cooking oils biofuel. While incinerating or combusting Biofuel releases biogas which further gets chemically treated to use in the same manner to that of LPG.

The demand for Bio LPG is increasing because of its clean fuel property providing equivalent calorific value as that of fossil fuels such as diesel and petrol. Bio LPG reduces hazardous emissions such as Carbon Monoxide, Hydrocarbons and Nitrogen dioxide leading to be an alternative to conventional fuels. Bio LPG is compatible to work with any LPG product and is delivered even to the remote areas with lower carbon footprints which attracts the firms, individual and government to uplift environment, social and governmental score.

For instance, Calor (main supplier of Bio LPG in the UK) has the vision to supply only renewable fuel by 2040. As per the companies press release, Bio LPG has resulted in savings environment from approximately 308 Mt of Carbon Dioxide in 2019, through the supply of Bio LPG for those living in the remote and off-grid locality. To have visualization, the firm produces Bio LPG with 60% waste materials and 40% vegetable oils. To confirm with the compliance records, the firm shares that the production facility is based under the European Union which facilitate the traceability of the product with many constraints.

For an industrial and commercial setting, with the increase in the number of pubs, restaurants outlets, hotels, farms, and godown/ warehouses at remote areas which require conventional fuels for daily operations can increase the need for Bio LPG. The utility of Bio LPG is greater for the public commercial space such as in hospitality, sports complexes and grounds and other commercial use. It enables the firms to reduce the negative impact on the environment while being efficient in terms of cost.

There are more projects to be undertaken upon Bio LPG as it is the fuel made from super waste material which can lead to the reduction of carbon emission from industry and retail sectors to great extent.

Under the Covid-19 scenario, with the lockdowns in force, the demand for the renewables and Bio LPG plummeted. With the economic shutdown caused shrink in the energy demand for retail and industrial purposes. There were cheap oil products available which outshow renewables such as Bio LPG in the short run.

Thus, Bio LPG sector faces a brunt on the margins during the shutdown. Since Bio LPG comes under the renewables, it will follow the growth and recovery trajectory to that of the biodiesel and LPG with the sector bailout support from the US government.

Key Topics Covered:

1. Introduction

1.1. Market Definition

1.2. Market Segmentation

2. Research Methodology

2.1. Research Data

2.2. Assumptions

3. Executive Summary

3.1. Research Highlights

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.4. Industry Value Chain Analysis

5. Bio LPG Market Analysis, By Feedstock

5.1. Introduction

5.2. Organic Wastes

5.3. Wet Wastes

5.4. Sugar

5.5. Oil

6. Bio LPG Market Analysis, By End-User

6.1. Introduction

6.2. Residential

6.3. Commercial

7. Bio LPG Market Analysis, By Geography

7.1. Introduction

7.2. Americas

7.3. EMEA

7.4. Asia Pacific

8. Competitive Environment and Analysis

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. Company Profiles

9.1. SHV Energy

9.2. ENI

9.3. Neste

9.4. Avanti Gas

9.5. Renewable Energy Group

For more information about this report visit https://www.researchandmarkets.com/r/syryo3

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