Propane Market Global Demand, Growth, Opportunities, Top Key Players and Forecast to 2023 - PowerPoint PPT Presentation

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Propane Market Global Demand, Growth, Opportunities, Top Key Players and Forecast to 2023

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Propane Market: Information by End-use Industry (Residential Construction, Commercial Construction, Automotive and Transportations, Process Industry), and Region (Asia-Pacific, North America, Europe, Latin America, and Others) — Global Forecast till 2023 – PowerPoint PPT presentation

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Title: Propane Market Global Demand, Growth, Opportunities, Top Key Players and Forecast to 2023


1
Propane Market Research Report - Forecast to 2023
Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
2
Propane Market Research Report- Forecast to 2023
Propane Market - Overview
The Global Propane Market Demand is expected to
reach over 9.5 billion gallons by 2023. Propane
is a clean and efficient source of fuel, it is
classified under liquified petroleum gas (LPG).
It is primarily used for producing fuel and
polymer grade propylene. It is used in both
liquid and gaseous form. At atmospheric
conditions, propane is in gaseous state, whereas,
under pressurized conditions it is in liquid
state. Most of the propane is used as a fuel for
cooking, heating, and transportation with wide
acceptance in end-use industries like process
industry, transportation, and agriculture among
others. Some of the protuberant demand side
drivers for Propane includes the increasing
demand for propane as a clean source of heating
and cooking fuel in residential and commercial
construction. Thus, increasing residential and
construction activities in the developing and
developed regions is expected to propel the
demand for propane. For instance, the
resurrecting construction industry in the US and
increasing infrastructural investments in
Asia-Pacific and Middle East Africa. Thus, to
suffice the demand for cooking and heating fuel
in new constructions is expected to bolster the
demand for propane. Demand for propane as an
automotive and transportation fuel is another
demand driver which expected to propel the
Propane Demand in the global market. With rising
scrutiny on traditional mobility fuels and demand
for low emission sustainable fuels is expected to
drive the demand for Propane in the
transportation sector.
3
Propane Market Research Report- Forecast to 2023
Segmental Analysis
The Global Propane Market has been segmented by
End-Use Industry and Region. Based on End-Use
Industry, the market has been segmented into
residential construction, commercial
construction, process industry, agricultural,
industrial machinery, automotive and
transportation, and others. The construction
industry together accounted for the largest value
share in 2017, however, process industry
individually held the largest market value share
for propane in 2017 and is expected to maintain
its dominance throughout the forecast period. The
latter growth can be attributed towards the
increasing demand for propane in propylene
production, which is a key raw material in
production of polypropylene. The construction
industry is trailing behind the process industry,
increasing demand for clean fuel in cooking and
heating applications is expected to drive the
demand during the forecast period. Commercial
construction is expected to lead the demand for
propane in the construction industry with the
ongoing investments in infrastructural
developments in the developing economies of
Asia-Pacific and Middle East Africa. In
addition, the increasing scrutiny on emissions
from automotive and transportation sector is
expected to drive demand for propane, due to the
growing need for clean and efficient fuel over
traditional fuel, especially, in the developed
economies such as the US and Europe. View Full
Press Release _at_ https//www.marketresearchfuture.c
om/reports/propane-market-7448
4
Propane Market Research Report- Forecast to 2023
Regional Outlook
Based on Region, the Global Propane Market has
been segregated into North America, Europe,
Asia-Pacific, Latin America, and the Middle East
Africa. The market in Asia-Pacific accounted
for the largest value share of the global propane
market on account of increased spending on the
growing infrastructural development coupled with
considerable increase in polymer industry. North
America is another prominent market in the Global
Propane Market on account of increasing use of
propane as a clean source of fuel in the
construction sector and emerging application in
agricultural applications in the region. The
market in Europe is expected to be stagnant with
a tight supply for propane and high inclination
towards naphtha feedstock in the region. The
market in Latin America and the Middle East and
Africa are likely to grow at a healthy CAGR on
account of increased spending on residential and
commercial construction.
5
Propane Market Research Report- Forecast to 2023
Major Players in this Research
  • Propane Market Prominent Players
  • Ferrellgas (US)
  • Royal Dutch Shell plc (Netherlands)
  • Exxon Mobil Corporation (US)
  • Chevron Corporation (US)
  • Equinor ASA (Norway)
  • Eni SpA (Italy)
  • ConocoPhillips Company (US)
  • Chesapeake (US)
  • Anadarko Petroleum Corporation (US)
  • Canadian Natural (Canada)

Get Free Sample _at_ https//www.marketresearchfuture
.com/sample_request/7448
6
ABOUT US
MARKET RESEARCH FUTURE At Market Research Future
(MRFR), we enable our customers to unravel the
complexity of various industries through our
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Research Reports (HCRR), Raw Research Reports
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Research Consulting Services. MRFR team have
supreme objective to provide the optimum quality
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clients. Our market research studies by products,
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and market players for global, regional, and
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to see more, know more, and do more, which help
to answer all their most important questions. In
order to stay updated with technology and work
process of the industry, MRFR often plans
conducts meet with the industry experts and
industrial visits for its research analyst
members. For more information kindly visit
www.marketresearchfuture.com or contact us at
info_at_marketresearchfuture.com Copyright 2018
Market Research Future All Rights Reserved. This
document contains highly confidential information
and is the sole property of Market Research
Future. No part of it may be circulated, copied,
quoted, or otherwise reproduced without the
written approval of Market Research Future.
7
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