Bio LPG market seen reaching $2.4 billion by 2030

The Business Research Company says the bio liquefied petroleum gas market is set to surge from $0.78 billion in 2026 to $2.4 billion by 2030, driven by cleaner-fuel demand, policy support and new conversion technology. North America led in 2025, while Asia-Pacific is projected to grow fastest.

Why it matters: - Bio LPG is emerging as a drop-in cleaner fuel for heating, cooking and industrial use. - The market outlook signals stronger demand for low-carbon energy options that can work within existing LPG infrastructure. - The shift matters for households, industry and fuel distributors because bio LPG can reduce fossil-fuel reliance without requiring a full system overhaul.

What happened: - The Business Research Company forecast the bio liquefied petroleum gas market will rise from $0.78 billion in 2026 to $2.4 billion by 2030. - The forecast implies a 32.4% compound annual growth rate during the period. - The company said the market grew from $0.59 billion in 2025 to $0.78 billion in 2026, a 32.2% annual increase. - The report was released June 23, 2026, from London. - The company also offered a free sample of the report and the full market report.

The details: - Bio LPG is a renewable fuel made from biomass, waste oils and other organic matter. - The fuel is chemically similar to conventional LPG. - That similarity allows bio LPG to use existing LPG systems for heating, cooking and industrial applications. - The market growth is tied to concerns about greenhouse gas emissions, rising demand for renewable energy and cleaner cooking fuels, waste-to-energy technologies and supportive government policies. - The forecast points to more investment in sustainable fuel infrastructure, broader use of bio-based fuels in transportation and better biomass conversion technologies. - Other expected trends include stronger use of circular-economy models, more industrial decarbonization efforts, more renewable fuels for residential heating and wider distribution networks for rural and industrial markets. - The report also pointed to more use of waste-based feedstocks and advanced refining technologies.

Between the lines: - The forecast reflects a market that is moving from niche renewable fuel toward broader commercial use. - Bio LPG's compatibility with current LPG infrastructure lowers one of the biggest barriers to cleaner-fuel adoption. - Public pressure to cut carbon emissions is helping turn environmental goals into market demand. - The report cited European Commission data showing carbon emissions in Belgium rose 1.3% in 2024, or 665 million metric tons of CO2 equivalent versus 2023. - In the report's regional view, North America held the largest market share in 2025. - Asia-Pacific is projected to post the fastest growth through 2030. - The analysis also covered South East Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa.

What's next: - The market's next phase will likely depend on investment in production capacity, feedstock supply and distribution networks. - Progress in biomass conversion and advanced refining could determine how quickly bio LPG scales. - The report expects more development of low-emission industrial fuel solutions powered by bio LPG. - The Business Research Company said its 2026 reports include market attractiveness scoring, TAM analysis, company scoring matrix graphics, Excel-based forecasting dashboards and updated infographics.