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Global Propane Market Size, Share, Analysis, Forecast: By End Use Industry: Residential, Commercial, Transportation, Industrial, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Manufacturing Process; Price Analysis; Competitive Landscape; 2024-2032
Propane Market Size
The global propane market is expected to grow in the forecast period of 2024-2032 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. 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 Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 (2018-2023)
8.3 Global Propane Market Forecast (2024-2032)
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 (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Commercial
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Transportation
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Industrial
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Others
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2023)
8.4.5.3 Forecast Trend (2024-2032)
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 (2018-2023)
9.1.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.2.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.3.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.4.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.5.2 Forecast Trend (2024-2032)
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 Key Indicators for Demand
10.4 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 (2018-2023) and Forecast (2024-2032)
13.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
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 Key Figures and Tables
1. Global Propane Market: Key Industry Highlights, 2018 and 2032
2. Global Propane Historical Market: Breakup by End Use Industry (USD Million), 2018-2023
3. Global Propane Market Forecast: Breakup by End Use Industry (USD Million), 2024-2032
4. Global Propane Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Propane Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Propane Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Propane Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Propane Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Propane Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Propane Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Propane Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Propane Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Propane Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Propane Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Propane Market Forecast: Breakup by Country (USD Million), 2024-2032
16. North America Historical Price Trends and Forecast 2018-2028
17. Europe Historical Price Trends and Forecast 2018-2028
18. Asia Pacific Historical Price Trends and Forecast 2018-2028
19. Latin America Historical Price Trends and Forecast 2018-2028
20. Middle East and Africa Historical Price Trends and Forecast 2018-2028
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 2024-2032.
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 2024-2032 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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