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Global Propane Market: By End Use Industry: Residential, Commercial, Transportation, Industrial, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Manufacturing Process; Price Analysis; Trade Data Analysis; Competitive Landscape; Industry Events and Developments

Global Propane Market Outlook

The global propane market is expected to grow in the forecast period of 2021-2026 at a CAGR of 4%.

 

Rising Demand for Alternative and Sustainable Fuel to Boost the Market Growth of Propane

Propane is increasingly becoming a preferred substitute for fossil fuels such as gasoline and diesel owing to its low carbon content. The demand for propane is growing rapidly as it is extensively available, cost effective, and stable than other energy sources, which is propelling the market growth.

 

Global Propane Market

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With rapid industrialisation and urbanisation in developing countries, the residential and commercial sectors are some of the dominant users of propane owing to increased investments and implementation of government initiatives to use a cleaner fuel, hence, bolstering the industry growth. In the manufacturing sector, the rising focus on sustainable manufacturing practices to increase the overall efficiency and profitability is surging the optimal use of natural resources, which are consequently augmenting the growth of the propane industry.

Moreover, the market witnessed a healthy growth amid the outbreak of COVID-19 as the residential demand for propane for personal consumption such as household cooking increased substantially. In addition,  with the rising levels of pollution in countries like India and China, the demand for propane in the Asia Pacific region is significantly surging. In China, particularly, the autogas market has developed primarily due to the initiation of various local programmes promoting the use of alternative fuel as a means to curb pollution, which is positively impacting the market growth for propane.

 

Propane: Industrial Definition and Segmentation

Propane, variously known as liquefied petroleum gas (LPG), is one of the most widely used fuels in the world.  It is an alternative fuel that is a byproduct of natural gas processing and petroleum refining. The extracted gas is compressed and stored as liquid. It is non-toxic, colourless, and virtually odourless, and is widely used in household consumption and in certain businesses. LPG is distributed through tankers, pipelines, or drums depending upon its usage.

On the basis of end use industry, the market is segmented into:

  • Residential
  • Commercial
  • Transportation
  • Industrial
  • Others

The EMR report looks into the regional markets of propane like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Demand for Alternative Transportation Fuel to Boost the Market Growth of Propane

The growing demand for propane as an alternative transportation fuel, due to its clean burning qualities, affordability, and safety, is strengthening the market growth. The rising population is leading to an increased demand for low emission sustainable fuel in the automotive and transportation sector, which is driving the growth of the propane industry. Moreover, the availability of new light and medium heavy duty propane vehicles is leading to a surge in the demand for propane as an alternative fuel, which is bolstering the industry growth. If spilled or released from a vehicle, propane presents no threat to soil, surface, or groundwater, which makes propane autogas ideal as a cleaner and sustainable alternative to fossil fuels, thus, providing further impetus to the market growth.

 

Key Industry Players in the Global Propane Market

The report presents a detailed analysis of the following key players in the global propane market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.

  • Saudi Arabian Oil Company (Saudi Aramco)
  • BP PLC
  • ConocoPhillips Company
  • Eni S.p.A
  • PJSC Gazprom
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End Use Industry, Region
Breakup by End Use Industry Residential, Commercial, Transportation, Industrial, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Saudi Arabian Oil Company (Saudi Aramco), BP PLC, ConocoPhillips Company, Eni S.p.A, PJSC Gazprom, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Propane Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Propane Historical Market (2016-2020) 
    8.3    Global Propane Market Forecast (2021-2026)
    8.4    Global Propane Market by End Use Industry
        8.4.1    Residential
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Commercial
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Transportation
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Industrial
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Others
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
    8.5    Global Propane Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Manufacturing Process

    12.1    Overview
    12.2    Detailed Process Flow
    12.3    Operation Involved
13    Price Analysis
    13.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
14    Trade Data Analysis 
    14.1    Major Exporting Countries
        14.1.1    By Value
        14.1.2    By Volume
    14.2    Major Importing Countries
        14.2.1    By Value
        14.2.2    By Volume
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Saudi Arabian Oil Company (Saudi Aramco)
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    BP PLC
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    ConocoPhillips Company
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Eni S.p.A
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    PJSC Gazprom
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Industry Events and Developments

 

List of Figures and Tables

1.    Global Propane Market: Key Industry Highlights, 2016 and 2026
2.    Global Propane Historical Market: Breakup by End Use Industry (USD Million), 2016-2020
3.    Global Propane Market Forecast: Breakup by End Use Industry (USD Million), 2021-2026
4.    Global Propane Historical Market: Breakup by Region (USD Million), 2016-2020
5.    Global Propane Market Forecast: Breakup by Region (USD Million), 2021-2026
6.    North America Propane Historical Market: Breakup by Country (USD Million), 2016-2020
7.    North America Propane Market Forecast: Breakup by Country (USD Million), 2021-2026
8.    Europe Propane Historical Market: Breakup by Country (USD Million), 2016-2020
9.    Europe Propane Market Forecast: Breakup by Country (USD Million), 2021-2026
10.    Asia Pacific Propane Historical Market: Breakup by Country (USD Million), 2016-2020
11.    Asia Pacific Propane Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Latin America Propane Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Latin America Propane Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Middle East and Africa Propane Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Middle East and Africa Propane Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    North America Historical Price Trends and Forecast 2016-2026
17.    Europe Historical Price Trends and Forecast 2016-2026
18.    Asia Pacific Historical Price Trends and Forecast 2016-2026
19.    Latin America Historical Price Trends and Forecast 2016-2026
20.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
21.    Major Exporting Countries by Value
22.    Major Importing Countries by Value
23.    Major Exporting Countries by Volume
24.    Major Importing Countries by Volume
25.    Global Propane Market Structure

Key Questions Answered in the Report

The global propane market is projected to grow at a CAGR of 4% in the forecast period of 2021-2026.

The market is being driven by the growing demand for propane in the residential and commercial sectors and the increasing adoption of propane by the manufacturing sector owing to the rising focus on healthy manufacturing practices.

The industry is expected to be propelled by the rising demand for propane in the automotive sector owing to the surging environmental consciousness.

The major regional markets for the steel industry are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

The major end use industries of propane in the market are residential, commercial, transportation, industrial, among others.

The key players in the market are Saudi Arabian Oil Company (Saudi Aramco), BP PLC, ConocoPhillips Company, Eni S.p.A, and PJSC Gazprom, among others.

Analyst Review

The global propane market is being driven by the increased demand for a cleaner, affordable, and safe fuel. Aided by the surging usage of propane as an alternative fuel in the automotive sector, the market is expected to witness a healthy growth in the forecast period of 2021-2026 at a CAGR of 4%.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of end use industry, the market is divided into residential, commercial, transportation, industrial, and others. The major regional markets for propane are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the above market are Saudi Arabian Oil Company (Saudi Aramco), BP PLC, ConocoPhillips Company, Eni S.p.A, and PJSC Gazprom, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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