The global demand for Propane Market is presumed to reach the valuation of nearly USD XXX MN by 2026 from USD XXX MN in 2020 with a CAGR of X.XX% under the study period of 2019- 2026. Whereas with regards to volume, the market was calculated XXX BN gallon in 2019 and foreseen to touch XXX BN gallon by 2026 with a CAGR of X.X% during 2020-2026.
Propane is an alkane with 3 carbon and is in colorless, odorless gaseous form at standard temperature and pressure. It is a compressible and transportable liquid generally is used as fuel and is one of the group of Liquefied Petroleum Gases. Due to its volatility and low boiling point it is used in portable stoves. It is generally obtained from two processes that are natural gas processing and petroleum refining. Propane is used as industrial, motor, and domestic fuel and also as solvent, feedstock, and catalyst in manufacturing of other chemicals.
The high energy requirement from industries and domestic use is resulting in the increasing demand for propane. Additionally, the use of propane for production of ethylene and propylene is expected to lead the market growth. Use of propane for domestic purposes like water heating, air conditioning, lighting, refrigerating and fire places is propelling the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Propane.
The entirePropane market has been sub-categorized intoend use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End use
- Chemicals and Refineries
This section covers regional segmentation which accentuates on current and future demand for propane across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Propane Market by Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in thepropane market include Occidental Petroleum Corporation, BP p.l.c., Chevron Corporation, ConocoPhillips Company, Dow, EniSpA, Exxon Mobil Corporation, Royal Dutch Shell PLC, China Petroleum & Chemical Corporation, Total. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.