Global Propane Market Research and Forecast Report 2022-2027
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Report Description and Highlights Report Description Global Propane Market Research Report: According to the latest report by IMARC Group, titled “ Propane Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global propane market reached a strong growth in 2021. Propane, also known as liquified petroleum gas (LPG), is a non-toxic, colorless, flammable hydrocarbon gas usually compressed and stored in a liquid form. It is obtained from a byproduct of domestic natural gas processing or crude oil refinement. At present, propane gas is widely used for cooking, space and water heating, refrigerants, aerosol propellants, and petrochemical feedstock. Request Free Sample Report: https://www.imarcgroup.com/propane-market/requestsample
Report Description and Highlights Report Description Global Propane Market Trends : The market is primarily driven by the escalating demand for energy from various end use industries. In addition, the increasing utilization of propane gas in industrial applications, such as cutting and brazing, soldering, preheating, shrink-wrapping, and heat treatment, represent another major growth-inducing factor. Besides this, the market is further propelled by the rising product adoption in the power and energy sector to generate electricity. Moreover, due to the rising environmental concerns, various manufacturers are adopting sustainable manufacturing practices that use bio-based raw materials for propane production, which is also contributing to the market growth. Furthermore, the growing popularity of propane-based agricultural engines, rapid industrialization, increasing research and development (R&D) activities, and the introduction of advanced product variants are some of the other factors creating a positive market outlook across the globe. Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).
Report Description and Highlights Report Description Market Summary: Breakup by Form: • Liquid • Gas Breakup by Grade: • HD-5 Propane • HD-10 Propane • Commercial Propane Breakup by End Use Industry: • Residential • Commercial • Transportation • Others
Report Description and Highlights Report Description Breakup by Region: •North America • United States • Canada •Asia Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others •Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others
Report Description and Highlights Report Description •Latin America • Brazil • Mexico • Others •Middle East and Africa Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.
Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • • • • •
Air Liquide S.A. BP plc Chevron Corporation China National Petroleum Corporation China Petroleum & Chemical Corporation ConocoPhillips Company Eni S.p.A. Evonik Industries AG Exxon Mobil Corporation GAIL (India) Limited Gazprom Indian Oil Corporation Ltd. Royal Dutch Shell plc Saudi Arabian Oil Co. TotalEnergies SE
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Report Description and Highlights
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© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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