CATEGORY

LPG

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LPG Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in LPG category is 6.31%

Payment Terms

(in days)

The industry average payment terms in LPG category for the current quarter is 49.4 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    LPG Suppliers

    LPG Supplier

    Find the right-fit lpg supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    Air Products and Chemicals Inc.
    Location
    Jackson, Mississipi
    Duns number
    3862211
    D&B SER Rating
    dnb logo

    Up to 3 months

    1 9
    2
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile
    Company and Sector Performance
    56
    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    53
    Social
    55
    Governance
    65
    6 Domains Performance (/100)
    Business behaviour
    62
    Human rights
    58
    Community Environment
    46
    Corporate governance
    66
    Human resources
    51
    Security Scorecard
    89
    Threat indicators
    A
    91
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    B
    87
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    C
    75
    Application Security
    Detecting common website application vulnerbilities
    B
    88
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    100
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked
    Industry Comparison
    airproducts.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    5
    Human Rights Issues
    0
    Production Supply Chain Issues
    1
    Environmental Non Compliance Flags
    6
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    0
    Fraud Issues
    0
    Labor Health Safety Flags
    0
    Regulatory Issues
    0
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    48
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    LPG market report transcript

    LPG Global Market Outlook

    • The global production of LPG is expected to increase by 1–3 percent in 2022, to reach around 334 million tons

    • The increase in demand for LPG’s substitute naphtha for the industrial sector application can keep the production growth rate to a minimum level

    • The restored commercial and transport activities after the lifting of lockdown impositions will help in the demand of LPG compared to previous year

    Impact of COVID-19 on LPG Industry

    • The LPG category has recovered from a significant impact, as industrial demand has recovered. The expected winter demand, increasing gas usage for heating applications, also acts as a relief for the sector.

    • The oil & gas companies have faced problems, due to supply chain disruption, with travel impositions and reduced industrial output globally, due to the lockdown effect.

    • The demand for LPG has reduced in 2020 and partly in 2021, amid COVID-19 pandemic

    • The reduced demand is mainly due to the less industrial activities, amid COVID-19, due to the lockdown impositions that came in to force to restrict the spread of virus

    Porter’s Five Forces Analysis on LPG Industry

    Supplier Power

    • Supplier Base: The oil & gas industry has a considerable supplier base, ranging from private companies to state run national oil companies

    • The vertical integration of oil & gas companies is similar to that of its major competitors. This makes the bargaining power of supplier to be medium

    Barriers to New Entrants

    • Capital-intensive Industry: The oil & gas industry requires huge capitals for building its infrastructure, which includes pipelines, machinery, drilling wells, acquiring land, etc.

    • Considering the cost of market entry, the barriers to new entry is high

    Intensity of Rivalry

    • Consolidated market : The oil & gas sector is dominated by vertical integration companies that produce a number of low differentiated products, like LPG, petrol, etc.

    • The key competitors are also established well with significant client base. This coupled with threat of new entrants to be low, makes the intensity of rivalry to be high

    Threat of Substitutes

    • Feedstock for petrochemical sector: Propane and naphtha are used to crack by petrochemical companies to produce Ethylene. The companies tend to lean towards naphtha, as it also produces other products, like propylene, benzene, etc.

    • When the propane-naphtha spread dips below -$60/ton, it is more economical for the industry to crack Propane, which makes threat of substitute to be medium

    Buyer Power

    • Similar products: The products offered by the oil & gas companies are similar to that of those supplied by their competitors. This enables buyers to choose companies selling the products with lower prices or better terms

    • On a flip side, due to the presence of huge number of buyers, the supplier’s operations would not be impacted greatly if buyers opt for the competitor. Hence, it can be treated as medium