Global Propane Market: Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Propane Market: By End User (Agriculture, Chemicals and Refineries, Commercial, Industrial, Residential and Transportation) and Geography

 

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Report

Description

Propane Market size expected to reach USD 590.2 million by 2027, at a CAGR of 6.6% during the forecast period 2021-2027. Some of the key factors influencing the market growth include increasing demand for propane from automobile industry, rapid industrialization together with increasing population and high consumption of propane in industrial & commercial sectors. However, presence of substitute products and fluctuations in petroleum & crude oil prices are key factors inhibiting the market growth.  This report studies global propane market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global propane market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global propane market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Natural gas, LNG and more are numerous alternatives in which customers also shifting their way’s to fulfill energy needs. LPG itself is a cheap substitute of propane which is limiting its market globally. Hence, presence of cheap alternatives are hampering the market growth.

Propane Market

MARKET SUMMARY
-
6.6%
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 6.6%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Europe

Propane Market

  • The global propane market report gives comprehensive outlook on propane across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East an`d Africa.
  • The report on global propane market gives historical, current and future market sizes (US$ Mn) on the basis of application and region.
  • Key stakeholders of the global propane market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global Propane products.
Key Players
  • BASF
  • British Petroleum
  • Evonik
  • ExxonMobil
  • Ferrellgas Partners L.P.
Propane Market

Drivers And Restraints

In the last ten years, propane markets have been transformed by the combined effects of volatile energy prices, swings in economic outlook, advancements in propane and competitive technologies, improvements in energy efficiency, and changes in propane supply. While many of these factors have resulted in increased opportunities for the industry. Today, most propane vehicles are conversions from gasoline vehicles. Dedicated propane vehicles are designed to run only on propane; bi-fuel propane vehicles have two separate fueling systems that enable the vehicle to use either propane or gasoline. Propane vehicle power, acceleration, and cruising speed are similar to those of gasoline-powered vehicles. Hence, increasing demand for propane from automobile industries is fueling the market.


Asia-Pacific got significant share

Propane Market

Europe accounted for larger revenue share in global propane market with considerable CAGR due to population growth and bettering living standards. Also, U.K is the main contributor for the market growth in this region as LPG supplied to restaurants or commercial food establishments are 100% in the country.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • Global propane market expanding at significant CAGR over 2021 to 2027 owing to increasing demand from automobile industry
  • Based on end user, agriculture segment accounted for larger market revenue share in 2020 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global Propane market

Key

Features of the Report

Propane Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Propane Market Introduction
    • Global Propane Market – Taxonomy
    • Global Propane Market –Definitions
      • End User
  1. Global Propane Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Propane Market Dynamic Factors – Impact Analysis
    • Global Propane Market – Competition Landscape
  2. Global Propane Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Propane Market Forecast, By End User, 2014 – 2018 and Forecast, 2019 – 2025
    • Agriculture
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Chemicals and Refineries
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Commercial
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Industrial
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Residential
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Transportation
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Propane Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Propane Market – Opportunity Analysis Index, By End User and Region, 2019 – 2025
  2. North America Propane Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Agriculture
      • Chemicals and Refineries
      • Commercial
      • Industrial
      • Residential
      • Transportation
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Propane Market – Opportunity Analysis Index, By End User and Country, 2019 – 2025
    • North America Propane Market Dynamics – Trends
  3. Europe Propane Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Agriculture
      • Chemicals and Refineries
      • Commercial
      • Industrial
      • Residential
      • Transportation
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Propane Market – Opportunity Analysis Index, By End User and Country, 2019 – 2025
    • Europe Propane Market Dynamics – Trends
  4. Asia-Pacific Propane Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Agriculture
      • Chemicals and Refineries
      • Commercial
      • Industrial
      • Residential
      • Transportation
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Propane Market – Opportunity Analysis Index, By End User and Country, 2019 – 2025
    • Asia-Pacific Propane Market Dynamics – Trends
  5. Latin America Propane Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Agriculture
      • Chemicals and Refineries
      • Commercial
      • Industrial
      • Residential
      • Transportation
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Propane Market – Opportunity Analysis Index, By End User and Country, 2019 – 2025
    • Latin America Propane Market Dynamics – Trends
  6. Middle East and Africa Propane Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Agriculture
      • Chemicals and Refineries
      • Commercial
      • Industrial
      • Residential
      • Transportation
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Propane Market – Opportunity Analysis Index, By End User and Country, 2019 – 2025
    • MEA Propane Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Technology & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • BASF (Germany)
      • British Petroleum (U.K)
      • Evonik  (Germany)
      • ExxonMobil (U.S)
      • Ferrellgas Partners L.P. (U.S)
      • Lykins Energy Solutions (U.S)
      • PDVSA (Venezuela)
      • PetroChina Company Limited (China)
      • Reliance Industries Ltd. (India)
      • Shell (Netherlands)
      • Sinopec (China)
      • Valero Energy Corp. (U.S)
  1. Research Methodology

Key Assumptions and Acronyms

Description

Propane Market size expected to reach USD 590.2 million by 2027, at a CAGR of 6.6% during the forecast period 2021-2027. Some of the key factors influencing the market growth include increasing demand for propane from automobile industry, rapid industrialization together with increasing population and high consumption of propane in industrial & commercial sectors. However, presence of substitute products and fluctuations in petroleum & crude oil prices are key factors inhibiting the market growth.  This report studies global propane market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global propane market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global propane market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Natural gas, LNG and more are numerous alternatives in which customers also shifting their way’s to fulfill energy needs. LPG itself is a cheap substitute of propane which is limiting its market globally. Hence, presence of cheap alternatives are hampering the market growth.

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