Propane Market Studies Research 2017 Detailed Analysis of Restrain and Growth Factors

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Propane Market Global Industry Analysis, Trends,
Market Size Forecasts up to 2023
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A latest report has been added to the wide
database of Propane Market by Infinium Global
Research. This report studies the Propane Market
by application (residential, commercial,
industrial, agricultural, chemical refinery and
transportation) market status and outlook of
global and major regions, from manufacturers, and
end industries. The objective of the study is to
identify market sizes of different segments
countries in recent years and to forecast the
values for the next six years. Propane Market
provides opportunities in micro markets for
stakeholders to invest along with the detailed
analysis of competitive landscape, latest
trends, and product offerings of the major
companies in the Propane Market. Get a Sample
Request https//www.infiniumglobalresearch.com/re
ports/sample_request/761 Market Insights The
global propane market was sized over USD 122.53
billion in 2015. The global propane market is
projected to grow with a CAGR between 3.0 and
3.5 during 2017-2023 and reach USD 148.72
billion by 2023. Rising demand of liquefied
propane gas from increasing consumers globally
and increasing preference of consumers due to
lower cost of propane as compare to other fuel
substitutes are the key factors driving the
global propane market. Furthermore, rising
demand of propane from petrochemical industry for
the production of plastics, fibers and cosmetics
will also drive the propane market globally over
the forecast
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period. Moreover, huge demand of propane as motor
fuel from automobile industry coupled with lower
cost as compare to other fuels will also drive
the global propane market over the forecast
period. However, fluctuations in petroleum and
crude oil prices primarily required for
processing refining of propane as well as
inadequate infrastructure for retailing of
propane and limited awareness of benefits
associated with propane among the consumers are
the prime factors responsible for restraining the
growth of this market. Nevertheless, huge demand
of clean fuel from marine industry which in turn
increases the demand of propane and use of
propane in power generation will bring
opportunities to the global propane market.
Hence, the global propane market is expected to
face the challenges such as transportation,
storage and supply. Segments Covered The report
segments the propane market by application and by
region. Market segmentation based on application
includes residential, commercial, industrial,
agricultural, chemical refinery and
transportation. Moreover, residential sub segment
is accounted to be the largest application sub
segment and is likely to lead the global propane
market due to non- toxicity of propane and less
emission of carbon during combustion. Make an
Enquiry https//www.infiniumglobalresearch.com/re
ports/enquiry/761
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Geographic Coverage and Analysis The report
provides regional analysis covering geographies
such as North America, Europe, Asia-Pacific, and
Rest of the World. In this section the key trends
and market size for each geography is provided
over the period of 2017 2023. Asia Pacific is
accounted to be the largest market region in the
global propane market and is likely to continue
its dominance over the forecast period due to
growing demand of propane from automobile
industry and increasing population in this
region. Furthermore, developing infrastructure
and high demand of LPG over the traditional
substitutes especially in developing economies
such as India, China, Taiwan and South Korea are
anticipated to grow the propane market at a
highest CAGR rate in Asia Pacific region over the
forecast period. North America is accounted for
the second largest propane market following the
Asia Pacific region and was the largest consumer
of propane over the last decade due to increasing
use in HVAC systems. Moreover, high demand of
propane due to extreme climatic conditions in
this region will likely to witness a significant
growth in propane market. Companies
Profiled The companies covered in the report
include Marsh LP Gas Company Inc., Lykins Energy
Solutions, Sparlingss Propane Co. Ltd.,
Ferrellgas Partners L.P., ThompsonGas, PteroChina
Company Limited, Reliance Industries Ltd.,
AmeriGas, Shell, British Petroleum, BASF,
Sinopec, PDVSA, Valero Energy Corp., ExxonMobil
and Evonik.
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Report Highlights The report provides deep
insights on demand forecasts, market trends and
micro and macro indicators. In addition, this
report provides insights on the factors that are
driving and restraining the demand of propane
globally as well as regionally. Moreover,
IGR-Growth Matrix analysis given in the report
brings an insight on the investment areas that
existing or new market players can consider. The
report provides insights into the market using
analytical tools such as Porters five forces
analysis and value chain analysis of
propane. Moreover, the study highlights current
market trends and provides forecast from 2017 to
2023. We also have highlighted future trends in
the propane market that will impact the demand
during the forecast period. Moreover, the
competitive analysis given in each regional
market brings an insight on the market share of
the leading players. Additionally, the analysis
highlights rise and fall in the market shares of
the key players in the market. This report will
help manufacturers, suppliers and distributors of
the propane market to understand the present and
future trends in this market and formulate their
strategies accordingly. Click the Below Full
Report Link https//www.infiniumglobalresearch.co
m/energy_mining_infra/global_propane_market