Propane Market Geographic Segmentation, Statistical Forecast and Competitive Analysis Report to 2023 - PowerPoint PPT Presentation

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Propane Market Geographic Segmentation, Statistical Forecast and Competitive Analysis Report to 2023


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 Geographic Segmentation, Statistical Forecast and Competitive Analysis Report to 2023

Propane Market Research Report - Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
Propane Market Research Report- Forecast to 2023
Propane Market - Overview
MRFR states the Global Propane Market to exhibit
4.50 CAGR from 2018 to 2023 (forecast period) to
touch a size of USD 7,149.90 million. The market
demand is touted to reach 9.5 billion gallons by
2023. This can be duly attributed to the need for
a clean fuel source for cooking in the
residential sector. Revival of infrastructural
projects in developed economies combined with
investments in developing economies is a positive
indicator of the massive market potential. The
use of Propane-based additives during winter is a
vast opportunity which can be capitalized on by
manufacturers. Stringent rules pertaining to
automotive fuels as well as adherence to new
emission standards can drive the Global Propane
Market demand during the forecast period.
Expansion moves in the form of Propane
dehydrogenation plants can work favorably for the
market. This is exemplified by the setup of a
Propane dehydrogenation plant by Borealis AG in
Belgium with an annual capacity of 750,000 metric
tons. Furthermore, portable Propane heaters by
construction workers for keeping warm during cold
weather can drive the Global Propane Market. The
decline in crude oil production can pose a
challenge to the market.
Propane Market Research Report- Forecast to 2023
Segmental Analysis
The Global Propane Market is segmented by
End-Use Industry. By End-Use Industry, it is
segmented into automotive transportation,
agriculture, industrial machinery, commercial
construction, residential construction, process
industry, and others. The Process Segment
accounted for the largest revenue share in 2017
due to the demand for propane in polypropylene
production. The construction segment, on the
other hand, can command a respectable share of
the propane market due to demand for cooking fuel
for heating and cooking. Rise in commercial
construction in developing economies can propel
the segment growth share in the market in the
coming years. View Full Press Release _at_

Propane Market Research Report- Forecast to 2023
Regional Outlook
Latin America, Asia Pacific (APAC), North
America, Europe, and the Middle East Africa
(MEA) are regions taken into view for the Global
Propane Market Report. The APAC region is
estimated to experience a remarkable CAGR during
the forecast period due to investments in
infrastructural development and an uptick in
demand from the polymer industry. Rising
urbanization and industrialization in the region
can facilitate market growth. Conversion of oil
furnaces to Propane is a window of growth for the
market in the forthcoming years. Moreover, LPG
connections for cooking purposes made readily
available under government schemes can boost the
regional propane market growth. China, Japan, and
India are regions which can contribute greatly
due to being importers to the U.S. The North
America propane market is built on exports to
Europe and Asia Pacific. High demand for
liquefied petroleum gas (LPG) in the U.S. is
touted to drive regional market growth.
Preference of clean fuels with regards to
stringent emission policies has led to various
states in the U.S. switching to propane-fueled
buses. Recently, the state of Montana has joined
schools across other states for the procurement
of propane-run buses which reduce overhead
expenses by a higher margin. This can augur well
for the Global Propane Market Growth. The
purchase of propane-fueled fleets by the
logistics sector is another indicator of the
positive growth expected of the market. Massive
demand for polypropylene in various end-use
industries of healthcare, energy, consumer goods,
automotive, food packaging, and others in the
European region can induce the demand for
propane. Imports of Propane from the Middle East
and the U.S. can ensure the constant supply of
the chemical.
Propane Market Research Report- Forecast to 2023
Major Players in this Research
  • Propane Market Prominent Players
  • Exxon Mobil Corporation
  • Ferrellgas
  • ConocoPhillips Company
  • Eni SpA
  • Anadarko Petroleum Corporation
  • Royal Dutch Shell plc
  • Canadian Natural
  • Equinor ASA
  • Chesapeake
  • Chevron Corporation

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