Global Propane Market Report 2024

Propane Global Market Report 2025 – By Form (Liquid, Gas), By Grade (HD-5 Propane, HD-10 Propane, Commercial Propane), By Application (Industrial, Commercial, Residential, Agriculture, Transportation, Chemicals And Refineries, Other Applications) – Market Size, Trends, And Global Forecast 2025-2034

Propane Global Market Report 2025

Report Price : $4490.00 | Pages : | Published : January 2025 | Delivery Time: 2-3 business days | Format : pdf

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Propane Market Definition

Propane refers to a strong explosive gas that comes from crude petroleum and natural gas that is mostly used as an energy source and in the chemical industry. It is a colorless, odorless gas at standard temperature and pressure, and is easily compressed into a liquid form for storage and transportation.

The main forms of propane are liquid and gas. Liquid propane refers to a liquid that can be put under pressure while kept in a tank and becomes a liquid while under compression. The various grades of propane are hd-5 propane, hd-10 propane, and commercial propane applied in industrial, commercial, residential, agriculture, transportation, chemicals and refineries, and other applications.

Propane Market Segmentation

The propane market covered in this report is segmented –

1) By Form: Liquid, Gas

2) By Grade: HD-5 Propane, HD-10 Propane, Commercial Propane

3) By Application: Industrial, Commercial, Residential, Agriculture, Transportation, Chemicals And Refineries, Other Applications

Subsegments:

1) By Liquid: Propane Tanks, Propane Cylinders, Bulk Liquid Propane

2) By Gas: Compressed Gas Propane, Propane Vaporizers, Propane Gas Solutions

Propane Global Market Report 2025 Market Size and growth rate 2025 to 2029: Graph

Propane Market Size 2025 And Growth Rate

The propane market size has grown strongly in recent years. It will grow from $90.32 billion in 2024 to $96.07 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to increasing energy demand, expanding petrochemical industry, residential and commercial use, industrial applications, agricultural sector demand.

Propane Market Growth Forecast

The propane market size is expected to see strong growth in the next few years. It will grow to $125.3 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increased focus on clean energy, growth in Autogas applications, global economic growth, expansion of propane export markets, transition in residential heating. Major trends in the forecast period include growing importance in off-grid energy, expanding international trade, advancements in propane technologies, increased focus on sustainable energy, market penetration in emerging economies.

Propane Market Driver: Surging LPG Consumption Driving The Propane Market Expansion

The increasing LPG consumption is expected to propel the growth of the propane market going forward. LPG or liquefied petroleum gas refers to a type of liquid gasoline that serves as fuel for a wide range of tasks, including driving automobiles. LPG is primarily composed of propane and butane and is commonly used as a fuel source for heating, cooking, and transportation. As the demand for LPG increases, the demand for propane also increases. For instance, in September 2024, according to Argus, a UK-based provider of price information, consultancy services, conferences, EU gas consumption reached 1,578 PJ in January 2023 increasing to 1,734 PJ in January 2024, indicating an upward trend in gas consumption over the year. Therefore, the increasing LPG consumption is driving the growth of the propane market going forward.

Propane Market Driver: Revving Growth Of Propane Market Fueled By Automotive Industry Expansion

The growing automotive industry is expected to propel the growth of the propane market going forward. The automotive industry is a sector that encompasses numerous organizations and firms involved in the design, development, manufacture, marketing, sale, and maintenance of motor vehicles. Propane is often used in fleet vehicles such as buses, taxis, and delivery trucks. Many fleet operators choose propane as an alternative fuel due to its lower cost and environmental benefits. For instance, in May 2023, according to a report published by the European Automobile Manufacturers' Association (ACEA), a Belgium-based organization, 85.4 million motor vehicles were produced worldwide in 2022, a 5.7% increase over 2021. Therefore, the growing automotive industry is driving the test and measurement equipment market.

Global Propane Market Major Players

Major companies operating in the propane market include Chevron Corporation, China Petroleum & Chemical Corporation, China National Petroleum Corporation, Conoco Phillips Petroleum Company, Eni SpA, Exxon Mobil Corporation, Gazprom International Limited, TotalEnergies SE, Air Liquide SA, GAIL Limited, Saudi Arabian Oil Co., Shell plc, AmeriGas Propane Inc., CHS Inc., Ferrellgas Partners LP, Growmark Inc., Phillips 66 Company, Superior Plus Energy Services Inc., ThompsonGas LLC, Securing Energy for Europe GmbH, Modern Welding Co. of Kentucky Inc., Arcosa Tank LLC, Bergquist Inc., Blue Rhino Corporation, Flame King YSN Imports Inc., Manchester Tank & Equipment Co., Advanced Air Systems Inc., Quality Manufacturing Group, Rutherford Equipment Inc., Suburban Manufacturing Inc., Trinity Industries Inc., Viking Cylinders LLC, Westmor Industries LLC, Worthington Industries Inc.

Global Propane Market Trend: Major Innovations in Propane Dehydrogenation to Meet Propylene Demand

Major companies operating in the propane market are focused on technological advancements such as propane dehydrogenation to enhance propylene production efficiency and meet the growing demand for petrochemical feedstocks. Propane dehydrogenation is a chemical process that converts propane into propylene by removing hydrogen from the propane molecules, typically using a catalyst to enhance efficiency and selectivity. For instance, in April 2024, Clariant AG, a Switzerland-based specialty chemical company, unveiled its latest innovation, the CATOFIN 312 catalyst, designed for propane dehydrogenation, which features enhanced selectivity and an extended lifespan of up to 20%. This new catalyst is projected to boost productivity significantly, potentially adding up to $20 million in profits for a standard 600 KTA PDH facility throughout its operational life. Alongside this launch, Clariant also introduced its digital service platform, CLARITYTM, which provides customers with real-time data and advanced monitoring tools to optimize plant performance across various metrics.

Global Propane Market Trend: Innovative Product Developments Driving Competition In The Propane Market

Major companies operating in propane market are developing innovative products to gain a competitive edge in the market. The Ecodan R290 heat pump is designed to replace heat generators in existing buildings and is available with heating capacities ranging from 5 kW to 8 kW, with plans to expand the model series to higher heat outputs in the future. For instance, in November 2023, Mitsubishi Electric, a Japan-based electronics company launched the Ecodan heat pump, which uses propane (R290) as a refrigerant, offering higher Coefficient of Performance (COP). The use of propane as a natural refrigerant allows the heat pump to achieve high flow temperatures and produce hot water at lower external air temperatures, expanding its applicability compared to conventional devices.

Propane Market Merger And Acquisition: Superior Plus Corp.'s Strategic Acquisition Expanding Presence In The Propane Market

In March 2022, Superior Plus Corp., a Canada-based diversified business company, acquired Kamps Propane, Inc. and Kiva Energy for an undisclosed amount. Through this acquisition, Kamps Propane gave Superior Plus Corp. a solid foundation to develop its service in California. Kamps Propane, Inc. is a US-based energy company, and Kiva Energy is a US-based provider of propane gas.

Regional Analysis For The Global Propane Market

Asia-Pacific was the largest region in the propane market in 2024. The regions covered in the propane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the propane market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Propane Market?

The propane market consists of sales of methane, ethane, butane, and heavier hydrocarbons. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Propane Industry?

The propane market research report is one of a series of new reports from The Business Research Company that provides propane market statistics, including propane industry global market size, regional shares, competitors with a propane market share, detailed propane market segments, market trends and opportunities, and any further data you may need to thrive in the propane industry. This propane market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Propane Market Report Forecast Analysis
Report AttributeDetails
Market Size Value In 2025 $96.07 billion
Revenue Forecast In 2034 $125.3 billion
Growth Rate CAGR of 6.9% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Form: Liquid, Gas
2) By Grade: HD-5 Propane, HD-10 Propane, Commercial Propane
3) By Application: Industrial, Commercial, Residential, Agriculture, Transportation, Chemicals And Refineries, Other Applications Subsegments: 1) By Liquid: Propane Tanks, Propane Cylinders, Bulk Liquid Propane
2) By Gas: Compressed Gas Propane, Propane Vaporizers, Propane Gas Solutions
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Chevron Corporation, China Petroleum & Chemical Corporation, China National Petroleum Corporation, Conoco Phillips Petroleum Company, Eni SpA, Exxon Mobil Corporation, Gazprom International Limited, TotalEnergies SE, Air Liquide SA, GAIL Limited, Saudi Arabian Oil Co., Shell plc, AmeriGas Propane Inc., CHS Inc., Ferrellgas Partners LP, Growmark Inc., Phillips 66 Company, Superior Plus Energy Services Inc., ThompsonGas LLC, Securing Energy for Europe GmbH, Modern Welding Co. of Kentucky Inc., Arcosa Tank LLC, Bergquist Inc., Blue Rhino Corporation, Flame King YSN Imports Inc., Manchester Tank & Equipment Co., Advanced Air Systems Inc., Quality Manufacturing Group, Rutherford Equipment Inc., Suburban Manufacturing Inc., Trinity Industries Inc., Viking Cylinders LLC, Westmor Industries LLC, Worthington Industries Inc.
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Propane Market Characteristics

    3. Propane Market Trends And Strategies

    4. Propane Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market

    5. Global Propane Growth Analysis And Strategic Analysis Framework

    5.1. Global Propane PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

    5.2. Analysis Of End Use Industries

    5.3. Global Propane Market Growth Rate Analysis

    5.4. Global Propane Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

    5.5. Global Propane Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

    5.6. Global Propane Total Addressable Market (TAM)

    6. Propane Market Segmentation

    6.1. Global Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Liquid

    Gas

    6.2. Global Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    HD-5 Propane

    HD-10 Propane

    Commercial Propane

    6.3. Global Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Industrial

    Commercial

    Residential

    Agriculture

    Transportation

    Chemicals And Refineries

    Other Applications

    6.4. Global Propane Market, Sub-Segmentation Of Liquid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Propane Tanks

    Propane Cylinders

    Bulk Liquid Propane

    6.5. Global Propane Market, Sub-Segmentation Of Gas, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Compressed Gas Propane

    Propane Vaporizers

    Propane Gas Solutions

    7. Propane Market Regional And Country Analysis

    7.1. Global Propane Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    7.2. Global Propane Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8. Asia-Pacific Propane Market

    8.1. Asia-Pacific Propane Market Overview

    Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8.3. Asia-Pacific Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8.4. Asia-Pacific Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    9. China Propane Market

    9.1. China Propane Market Overview

    9.2. China Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    9.3. China Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    9.4. China Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    10. India Propane Market

    10.1. India Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    10.2. India Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    10.3. India Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11. Japan Propane Market

    11.1. Japan Propane Market Overview

    11.2. Japan Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11.3. Japan Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11.4. Japan Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12. Australia Propane Market

    12.1. Australia Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12.2. Australia Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12.3. Australia Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13. Indonesia Propane Market

    13.1. Indonesia Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13.2. Indonesia Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13.3. Indonesia Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14. South Korea Propane Market

    14.1. South Korea Propane Market Overview

    14.2. South Korea Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14.3. South Korea Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14.4. South Korea Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15. Western Europe Propane Market

    15.1. Western Europe Propane Market Overview

    15.2. Western Europe Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15.3. Western Europe Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15.4. Western Europe Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16. UK Propane Market

    16.1. UK Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16.2. UK Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16.3. UK Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17. Germany Propane Market

    17.1. Germany Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17.2. Germany Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17.3. Germany Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18. France Propane Market

    18.1. France Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18.2. France Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18.3. France Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19. Italy Propane Market

    19.1. Italy Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19.2. Italy Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19.3. Italy Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20. Spain Propane Market

    20.1. Spain Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20.2. Spain Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20.3. Spain Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21. Eastern Europe Propane Market

    21.1. Eastern Europe Propane Market Overview

    21.2. Eastern Europe Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21.3. Eastern Europe Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21.4. Eastern Europe Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22. Russia Propane Market

    22.1. Russia Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22.2. Russia Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22.3. Russia Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23. North America Propane Market

    23.1. North America Propane Market Overview

    23.2. North America Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23.3. North America Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23.4. North America Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24. USA Propane Market

    24.1. USA Propane Market Overview

    24.2. USA Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24.3. USA Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24.4. USA Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25. Canada Propane Market

    25.1. Canada Propane Market Overview

    25.2. Canada Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25.3. Canada Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25.4. Canada Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26. South America Propane Market

    26.1. South America Propane Market Overview

    26.2. South America Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26.3. South America Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26.4. South America Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27. Brazil Propane Market

    27.1. Brazil Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27.2. Brazil Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27.3. Brazil Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28. Middle East Propane Market

    28.1. Middle East Propane Market Overview

    28.2. Middle East Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28.3. Middle East Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28.4. Middle East Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29. Africa Propane Market

    29.1. Africa Propane Market Overview

    29.2. Africa Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29.3. Africa Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29.4. Africa Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    30. Propane Market Competitive Landscape And Company Profiles

    30.1. Propane Market Competitive Landscape

    30.2. Propane Market Company Profiles

    30.2.1. Chevron Corporation Overview, Products and Services, Strategy and Financial Analysis

    30.2.2. China Petroleum & Chemical Corporation Overview, Products and Services, Strategy and Financial Analysis

    30.2.3. China National Petroleum Corporation Overview, Products and Services, Strategy and Financial Analysis

    30.2.4. Conoco Phillips Petroleum Company Overview, Products and Services, Strategy and Financial Analysis

    30.2.5. Eni SpA Overview, Products and Services, Strategy and Financial Analysis

    31. Propane Market Other Major And Innovative Companies

    31.1. Exxon Mobil Corporation

    31.2. Gazprom International Limited

    31.3. TotalEnergies SE

    31.4. Air Liquide SA

    31.5. GAIL Limited

    31.6. Saudi Arabian Oil Co.

    31.7. Shell plc

    31.8. AmeriGas Propane Inc.

    31.9. CHS Inc.

    31.10. Ferrellgas Partners LP

    31.11. Growmark Inc.

    31.12. Phillips 66 Company

    31.13. Superior Plus Energy Services Inc.

    31.14. ThompsonGas LLC

    31.15. Securing Energy for Europe GmbH

    32. Global Propane Market Competitive Benchmarking And Dashboard

    33. Key Mergers And Acquisitions In The Propane Market

    34. Recent Developments In The Propane Market

    35. Propane Market High Potential Countries, Segments and Strategies

    35.1 Propane Market In 2029 - Countries Offering Most New Opportunities

    35.2 Propane Market In 2029 - Segments Offering Most New Opportunities

    35.3 Propane Market In 2029 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Propane Market, Sub-Segmentation Of Liquid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Propane Market, Sub-Segmentation Of Gas, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Propane Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Propane Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Asia-Pacific, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Asia-Pacific, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: China, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: China, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: India, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: India, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: Japan, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: Japan, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Australia, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Australia, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Indonesia, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Indonesia, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: South Korea, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: South Korea, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: Western Europe, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: Western Europe, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: UK, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: UK, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: Germany, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: Germany, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: France, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: France, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: Italy, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: Italy, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Spain, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Spain, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Eastern Europe, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Eastern Europe, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Russia, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Russia, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: North America, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: North America, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: USA, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: USA, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: Canada, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: Canada, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: South America, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: South America, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: Brazil, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: Brazil, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Middle East, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Middle East, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Africa, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Africa, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Chevron Corporation Financial Performance
  • Table 77: China Petroleum & Chemical Corporation Financial Performance
  • Table 78: China National Petroleum Corporation Financial Performance
  • Table 79: Conoco Phillips Petroleum Company Financial Performance
  • Table 80: Eni SpA Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Propane Market, Sub-Segmentation Of Liquid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Propane Market, Sub-Segmentation Of Gas, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Propane Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Propane Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Asia-Pacific, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Asia-Pacific, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: China, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: China, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: India, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: India, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: Japan, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: Japan, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Australia, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Australia, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Indonesia, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Indonesia, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: South Korea, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: South Korea, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: Western Europe, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: Western Europe, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: UK, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: UK, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: Germany, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: Germany, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: France, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: France, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: Italy, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: Italy, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Spain, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Spain, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Eastern Europe, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Eastern Europe, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Russia, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Russia, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: North America, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: North America, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: USA, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: USA, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: Canada, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: Canada, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: South America, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: South America, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: Brazil, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: Brazil, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Middle East, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Middle East, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Africa, Propane Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Africa, Propane Market, Segmentation By Grade, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Propane Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Chevron Corporation Financial Performance
  • Figure 77: China Petroleum & Chemical Corporation Financial Performance
  • Figure 78: China National Petroleum Corporation Financial Performance
  • Figure 79: Conoco Phillips Petroleum Company Financial Performance
  • Figure 80: Eni SpA Financial Performance
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Frequently Asked Questions

What is the definition of the propane market?

Propane refers to a strong explosive gas that comes from crude petroleum and natural gas that is mostly used as an energy source and in the chemical industry. It is a colorless, odorless gas at standard temperature and pressure, and is easily compressed into a liquid form for storage and transportation. For further insights on the propane market, request a sample here

How will the propane market drivers and restraints affect the propane market dynamics? What forces will shape the propane industry going forward?

The propane market major growth driver - Propane refers to a strong explosive gas that comes from crude petroleum and natural gas that is mostly used as an energy source and in the chemical industry. It is a colorless, odorless gas at standard temperature and pressure, and is easily compressed into a liquid form for storage and transportation.. For further insights on the propane market, request a sample here

What is the forecast market size or the forecast market value of the propane market?

The propane market size has grown strongly in recent years. It will grow from $90.32 billion in 2024 to $96.07 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to increasing energy demand, expanding petrochemical industry, residential and commercial use, industrial applications, agricultural sector demand. The propane market size is expected to see strong growth in the next few years. It will grow to $125.3 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increased focus on clean energy, growth in Autogas applications, global economic growth, expansion of propane export markets, transition in residential heating. Major trends in the forecast period include growing importance in off-grid energy, expanding international trade, advancements in propane technologies, increased focus on sustainable energy, market penetration in emerging economies. For further insights on the propane market, request a sample here

How is the propane market segmented?

The propane market is segmented
1) By Form: Liquid, Gas
2) By Grade: HD-5 Propane, HD-10 Propane, Commercial Propane
3) By Application: Industrial, Commercial, Residential, Agriculture, Transportation, Chemicals And Refineries, Other Applications Subsegments:
1) By Liquid: Propane Tanks, Propane Cylinders, Bulk Liquid Propane
2) By Gas: Compressed Gas Propane, Propane Vaporizers, Propane Gas SolutionsFor further insights on the propane market,
request a sample here

Which region has the largest share of the propane market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the propane market in 2024. The regions covered in the propane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the propane market, request a sample here.

Who are the major players in the propane market?

Major companies operating in propane market are developing innovative products to gain a competitive edge in the market. The Ecodan R290 heat pump is designed to replace heat generators in existing buildings and is available with heating capacities ranging from 5 kW to 8 kW, with plans to expand the model series to higher heat outputs in the future. For instance, in November 2023, Mitsubishi Electric, a Japan-based electronics company launched the Ecodan heat pump, which uses propane (R290) as a refrigerant, offering higher Coefficient of Performance (COP). The use of propane as a natural refrigerant allows the heat pump to achieve high flow temperatures and produce hot water at lower external air temperatures, expanding its applicability compared to conventional devices. For further insights on the propane market, request a sample here.

What are the key trends in the propane market?

Major trend in the propane market - Major Innovations in Propane Dehydrogenation to Meet Propylene Demand. For further insights on the propane market, request a sample here.

What are the major opportunities in the propane market? What are the strategies for the propane market?

For detailed insights on the major opportunities and strategies in the propane market, request a sample here.

How does the propane market relate to the overall economy and other similar markets?

For detailed insights on propane market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the propane industry?

For detailed insights on the mergers and acquisitions in the propane industry, request a sample here.

What are the key dynamics influencing the propane market growth? SWOT analysis of the propane market.

For detailed insights on the key dynamics influencing the propane market growth and SWOT analysis of the propane industry, request a sample here.