Mexico - North America Liquefied Petroleum Gas Market Size & Outlook
The liquefied petroleum gas market in Mexico - North America is expected to reach a projected revenue of US$ 6,917.3 million by 2033. A compound annual growth rate of 0.8% is expected of Mexico - North America liquefied petroleum gas market from 2026 to 2033.
- Energy & Power
- Oil & Gas
- Liquefied Petroleum Gas Market Outlook
- Oil & Gas
Revenue, 2025 (US$M)
$7,014.5
Estimate, 2026 (US$M)
$6,542.8
Forecast, 2033 (US$M)
$6,917.3
CAGR, 2026 - 2033
0.8%
Global Market
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Mexico liquefied petroleum gas market highlights
- The Mexico liquefied petroleum gas market generated a revenue of USD 7,014.5 million in 2025 and is expected to reach USD 6,917.3 million by 2033.
- The Mexico market is expected to grow at a CAGR of 0.8% from 2026 to 2033.
- In terms of segment, residential was the largest revenue generating application in 2025.
- Chemical is the most lucrative application segment registering the fastest growth during the forecast period.
Liquefied petroleum gas market data book summary
| Market revenue in 2025 | USD 7,014.5 million |
| Market revenue in 2033 | USD 6,917.3 million |
| Growth rate | 0.8% (CAGR from 2026 to 2033) |
| Largest segment | Residential |
| Fastest growing segment | Chemical |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Commercial, Chemical, Industrial, Autogas, Refinery |
| Key market players worldwide | Saudi Arabian Oil Co., Shell PLC, BP PLC, Exxon Mobil Corp, TotalEnergies SE, China Petroleum & Chemical Corp Class H, PetroChina Co Ltd Class H, Qatargas, Reliance Industries, Vitol |
Other key industry trends
- In terms of revenue, Mexico accounted for 5.5% of the global liquefied petroleum gas market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. liquefied petroleum gas market is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 11,435.4 million by 2033.
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Publish Date: Aug 07, 2026
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Liquefied Petroleum Gas Market Scope
Liquefied Petroleum Gas Market segmentation & scope
Liquefied Petroleum Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Exxon Mobil Corp | View profile | 61,500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | www.exxonmobil.com |
| TotalEnergies SE | View profile | 100,000 | 2, Place Jean Millier, La Defense 6, Courbevoie, France, 92400 | www.totalenergies.com |
| Shell PLC | View profile | 100,000 | Shell Centre, London, United Kingdom, SE1 7NA | www.shell.com |
| BP PLC | View profile | 87,800 | 1 St James's Square, London, United Kingdom, SW1Y 4PD | www.bp.com |
| PetroChina Co Ltd Class H | View profile | 375,803 | No. 9 Dongzhimen North Street, Dongcheng District, Beijing, China, People's Republic of, 100007 | www.petrochina.com.cn |
| China Petroleum & Chemical Corp Class H | View profile | 368,450 | No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China, People's Republic of, 100728 | www.sinopec.com |
| Reliance Industries | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | www.ril.com |
| Qatargas | View profile | 1001-5000 | Doha, Ad Dawhah, Qatar, Asia | www.qatargas.com |
| Vitol | View profile | 1001-5000 | New York, New York, United States, North America | www.vitol.com |
| Saudi Arabian Oil Co. | View profile | - | - | - |
Mexico - North America Liquefied Petroleum Gas Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Liquefied Petroleum Gas Market Outlook will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 17.28% in 2025.
Horizon Databook has segmented the Mexico - North America liquefied petroleum gas market based on residential, commercial, chemical, industrial, autogas, refinery covering the revenue growth of each sub-segment from 2021 to 2033.
- Mexico - North America Liquefied Petroleum Gas Market Application Outlook (Revenue, USD Million , 2021-2033)
- Residential
- Commercial
- Chemical
- Industrial
- Autogas
- Refinery
- Others
- Mexico - North America Liquefied Petroleum Gas Market Source Outlook (Revenue, USD Million , 2021-2033)
- Refinery
- Associated Gas
- Non Associated Gas
- Mexico - North America Liquefied Petroleum Gas Market Transportation Outlook (Revenue, USD Million , 2021-2033)
- Ship
- Railways
- Intermodal ISO Tank Containers
- Pipelines
- Reticulated Gas System
- Large Road Tankers
- Bobtail Tankers
- Bike Carts
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - North America Liquefied Petroleum Gas Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Liquefied Petroleum Gas Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Mexico - North America Liquefied Petroleum Gas Market, 2021-2033 (US$M)
Mexico Application - Liquefied Petroleum Gas Market Statistics, 2025 - 2033 (US$M)
