Press release
Propane Market to Reach USD 230.43 Mn by 2029, emerging at a CAGR of 4.12 percent and forecast 2023-2029
Propane Market
This comprehensive report meticulously analyzes the Propane market dynamics across regions and applications, offering invaluable insights for industry stakeholders.
Get More Report Details: https://www.maximizemarketresearch.com/market-report/propane-market/41319/
Propane Market Research Methodology:
The report has meticulously tracked market trends from 2017, providing a robust foundation for forecasting market trends up to 2029. The year 2022 serves as the base year, reflecting actual industry performance. Special emphasis is placed on the impact of lockdown measures in 2022, as well as projections for the subsequent two years.
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What are Propane Market Dynamics:
The consumption of liquefied petroleum gas (LPG) as a primary cooking fuel among the local population has increased as the population of Asia Pacific, Africa, North America, and other regions has grown. In India, for example, almost 80% of all residential families consumes LPG as a cooking fuel. LPG is easily accessible, clean, ecological, portable, and, most significantly, cost-effective when compared to traditional fuels like wood and coal. Many governments throughout the world have launched campaigns to promote the use of LPG as a cooking fuel thanks to its advantages over traditional fuel.
Propane Market Regional Insights:
China, as the world's largest propane consumer, accounted for over 20% of global consumption. The country's robust demand led to a significant increase in propane imports, driven primarily by propane dehydrogenation facilities. Furthermore, China has emerged as the second-largest Autogas market in the Asia-Pacific region.
What is Propane Market Segmentation:
by Application
Portable Stoves
Refrigerant
Domestic and Industrial Fuel
Motor Fuel
Shipping Fuel
by Form
Liquid
Gas
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Who are Propane Market Key Players:
1. ExxonMobil (U.S)
2. Chevron Corporation (U.S)
3. Anadarko Petroleum Corporation (U.S)
4. Suburban Propane (U.S)
5. Dow DuPont (U.S)
6. ConocoPhillips (U.S)
Table of content for the Propane Market includes:
1. Propane Market: Research Methodology
1. Propane Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Propane Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
1. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
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Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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The liquid components collected during the processing of natural gas are used to make propane.
Ethane, methane, propane, butane, and other heavier hydrocarbons are some of these components. Along with other gases, propane and butane are created during the refining of crude oil.
Its primary applications include home and water heating, food preparation and storage, clothing drying, and the powering of industrial and farm machinery.
The production of plastics and other…
