Press release
Propane Market to reach USD 230.43 million by 2029, emerging at a CAGR of 4.12 percent and forecast 2023-2029
Propane Market
The report delves into the dynamic landscape of the propane market, analyzing regional variations and applications, offering a comprehensive understanding of key market drivers, restraints, and trends.
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Propane Market Research Methodology
Our research methodology encompasses a thorough analysis of market trends from 2017 to project market developments through 2029. Special emphasis is placed on the base year 2022, considering the real output of companies during the pandemic, with a focus on the impact of lockdowns on demand and supply.
What are Propane Market Dynamics:
The report highlights the increased adoption of liquefied petroleum gas (LPG) as a primary cooking fuel, propelled by government initiatives worldwide. For instance, India's Pradhan Mantri Ujjwala Yojna has significantly contributed to the acceptance of LPG as a household fuel, driving demand for propane. The report underscores the substantial growth in Canada's marine propane shipments, particularly to Asia, driven by increased winter demand and rising petrochemical feedstock needs, especially in China.The report highlights the challenges posed by volatile propane prices, particularly in the United States, impacting the global market due to supply chain disruptions and increasing export demand.
Propane Market Regional Insights:
China emerges as the world's largest propane consumer, accounting for over 20% of global consumption. The report highlights China's substantial propane imports driven by rising demand from propane dehydrogenation facilities. Additionally, the Autogas market in China has witnessed significant growth due to municipal programs promoting alternative fuels.
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What is Propane Market Segmentation:
by Application
Portable Stoves
Refrigerant
Domestic and Industrial Fuel
Motor Fuel
Shipping Fuel
by Form
Liquid
Gas
Who are Propane Market Key Players:
North America
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)
Europe
7. BP PLC (U.K)
8. Total SA (France)
9. Air Liquide (France)
10. Shell (Netherlands)
11. Sika AG (Switzerland)
12. Eni S.P.A (Italy)
13. Gazprom (Russia)
Asia Pacific
14. China Petroleum & Chemical Corporation (China)
15. Sinopec (China)
16. Bharat Petroleum Corporation Limited (India)
17. Hindustan Petroleum Corporation Limited (India)
18. GAIL Limited (India)
19. Oil and Natural Gas Corporation (India)
20. P.T. Pertamina Gas (Indonesia)
Middle East and Africa
21. Saudi Arabian Oil Company (Saudi Arabia)
22. NNPC (Nigeria)
23. EGPC (Egypt)
24. Abu Dhabi National Oil Company (UAE)
25. ENOC Company (UAE)
26. Kuwait Petroleum Corporation (KPC) (Kuwait)
South America
27. Petrobras (Brazil)
28. PDVSA - Petróleos de Venezuela, SA. (Venezuela)
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Table of content for the Propane Market includes:
Global Propane Market: Research Methodology
Global 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
Global Propane Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA 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
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
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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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…
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Propane Market Outlook 2031
The global propane market was valued at US$ 82.6 Bn in 2021
It is estimated to grow at a CAGR of 4.8% from 2022 to 2031
The global propane market is expected to reach US$ 132.1 Bn by the end of 2031
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