Partner Interview
Published November 18, 2025
DCC & Butagaz: French LPG Market Trends & M&As
inpractise.com/articles/dcc-and-butagaz-french-lpg-market-pricing-and-mandas
Executive Bio
Former Managing Director at DCC/Butagaz
Summary
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Interview Transcript
Disclaimer: This interview is for informational purposes only and should not be relied upon as a basis for investment decisions. In Practise is an independent publisher and all opinions expressed by guests are solely their own opinions and do not reflect the opinion of In Practise.
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Is that typically used outside?
No, it is for cooking inside. Barbecue use is insignificant. The trend for domestic cooking has been declining for 40 years, at a steady rate of 2% to 3% per year. It is predictable that it will decline by 2% to 3% annually over the next 10 years.
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A decline of 2% or 3%?
Yes, and there is less margin on commercial sales than on domestic. Butagaz historically had a 40% market share in the domestic cylinder market, which is high but has declined to 35%. Hypermarkets launched their own brands 15 years ago, so there is competition. It is a declining market so there is not a big fight. Butagaz is also a service provider for hypermarket brands like Carrefour.
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Their own brand?
Yes, their cylinder brand. It is a very low-margin business, but it keeps the industrial sites running, which is important. For the bulk business or domestic bulk, Butagaz has a good market share, around 30% in the French market. That started to decline in 2005, and today the decline is 7% annually in volume.
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