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Peru LPG Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)

Market Report I 2025-06-06 I 116 Pages I EMR Inc.

The Peru LPG market reached around 1.67 Million Tons in 2024. The market is projected to grow at a CAGR of 1.70% between 2025 and 2034, reaching almost 1.98 Million Tonsby 2034.

Peru LPG Market Growth

The residential and commercial demand for LPG constitutes 80% of the overall consumption in Latin America. This is in stark contrast to other countries like the United States and China, where the commercial and residential demand for LPG represents just 29% and 49% of the overall consumption respectively.

There are 650,000+ LPG-powered vehicles in Peru, which constitute 38% of the total LPG demand in the country. The annual consumption of LPG in Peru is 2 million tons. The expansion of the existing network of LPG refuelling stations (1500 at present) is also promoting the usage of LPG as a cheaper and much more eco-friendly alternative to gas and diesel.

LPG results in 30% more savings as compared to low-sulphur diesel and minimises carbon emissions. Commercial careers are major end users of LPG, and their expansion is expected to promote the market growth, as per the SPLG (Peruvian Liquefied Gas Association).

In 2022, the government of Peru raised the value of its LPG cylinder discount voucher for low-income households from PEN 20 to PEN 25. Such measures, implemented during times of energy crises, are expected to sustain the demand for LPG over the forecast period.

Peru LPG Industry Segmentation

Peru LPG Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Source:

- Refinery
- Associated Gas
- Non-Associated Gas

Market Breakup by Application:

- Residential
- Commercial
- Industrial
- Transport
- Others

Peru LPG Market Share

Based on application, the market is divided into residential, commercial, industrial, and transport, among others. Over the forecast period, residential application of LPG is expected to dominate the market, due to the growing demand for safe fuels within households for cooking and heating purposes.

Leading Companies in the Peru LPG Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.

- Repsol S.A.

- Petroperu S.A.

- Shell Plc

- Others

Major market players are expected to rely on refineries for making LPG over the forecast period.

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Latin America LPG Market Overview
5.1 Key Industry Highlights
5.2 Latin America LPG Historical Market (2018-2024)
5.3 Latin America LPG Market Forecast (2025-2034)
6 Peru LPG Market Overview
6.1 Key Industry Highlights
6.2 Peru LPG Historical Market (2018-2024)
6.3 Peru LPG Market Forecast (2025-2034)
7 Peru LPG Market by Source
7.1 Refinery
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Associated Gas
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Non-Associated Gas
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
8 Peru LPG Market by Application
8.1 Residential
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Commercial
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Industrial
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 Transport
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
8.5 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter's Five Forces Analysis
9.2.1 Supplier's Power
9.2.2 Buyers Powers
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 Price Analysis
12 Competitive Landscape
12.1 Supplier Selection
12.2 Key Global Players
12.3 Key Regional Players
12.4 Key Player Strategies
12.5 Company Profiles
12.5.1 Repsol S.A.
12.5.1.1 Company Overview
12.5.1.2 Product Portfolio
12.5.1.3 Demographic Reach and Achievements
12.5.1.4 Certifications
12.5.2 Petroperu S.A.
12.5.2.1 Company Overview
12.5.2.2 Product Portfolio
12.5.2.3 Demographic Reach and Achievements
12.5.2.4 Certifications
12.5.3 Shell Plc
12.5.3.1 Company Overview
12.5.3.2 Product Portfolio
12.5.3.3 Demographic Reach and Achievements
12.5.3.4 Certifications
12.5.4 Others

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