Propane Market: Industry Insights, Trends And Forecast To 2032

Propane Market Segments

The Business Research Company segments it’s propane market report as:

By Form

Liquid, Gas

By Grade

HD-5 Propane, HD-10 Propane, Commercial Propane

By Application

Industrial, Commercial, Residential, Agriculture, Transportation, Chemicals And Refineries

ByByApplication Application

Market Statistics

The global propane market size is expected to grow from $79.21 billion in 2022 to $84.99 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The global propane market size is expected to reach $107.97 billion in 2027 at a CAGR of 6.2%.

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Global Propane Market Size Forecast To 2032

Key Market Drivers And Trends

Drivers

The increasing LPG consumption is expected to propel the growth of the propane market

Trends

Technological advancements are a key trend gaining popularity in the propane market.

Region

Asia-Pacific was the largest region in the propane market in 2022. The regions covered in the global propane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Key Market Players

Major players in the propane market are:

▪ Chevron Corporation

▪ China Petroleum & Chemical Corporation

▪ China National Petroleum Corporation

▪ ConocoPhillips Company

▪ Exxon Mobil Corporation

▪ And more. Get More Information On The Propane Market Report

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