Summary

Propane Market Size, Share, and Analysis, By Grade (Commercial, HD5, Consumer-Grade, Auto-gas and others), By End Use (Commercial, Residential, Industrial and others), By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034.

PRODUCT OVERVIEW
Propane Market is anticipated to grow at a CAGR of 7.3% in the forecast period (2024-2034), with the market size valued at USD 91 billion in 2023 and projected to reach USD 197.1 billion by 2034.
Propane, often known as an odourless hydrocarbon gas, is generally produced from natural gas and petroleum refineries. Its flexibility makes it important for a variety of uses, the most popular of which are cooking and heating. In household settings, propane powers gas stoves and water heaters, providing dependable and efficient energy options. Furthermore, propane is used as an auto fuel in areas with limited access to natural gas, offering an environmentally beneficial alternative to standard gasoline and petrol. Beyond domestic use, propane is essential in industrial uses, particularly gas welding and the metal industry. Its common availability and convenience make it a necessary component for both industrial and household applications, adding to its long-term appeal and significance in a variety of fields.

MARKET HIGHLIGHTS
Propane Market is anticipated to reach USD 197.1 billion, growing at a CAGR of 7.3% during the forecast period owing to the rising demand for efficient and better fuels that may consume less energies, with better combustion rates. The extensive use of propane as a cooking, automobile, and industrial fuel helps in maintaining a better Compound Annual Growth Rate (CAGR). Government push and rising awareness toward adapting fuels that promote green initiatives and emit low carbon-related and greenhouse gases that may directly affect the atmosphere have been the major reasons for such better growth. Being cheaper than its renewable counterparts and more widely available makes it a better option for consumers.

Propane Market Segments:

• By Grade
o Commercial
o HD5
o Consumer-Grade
o Auto-gas
o And others
• By End Use
o Commercial
o Residential
o Industrial
o Others

MARKET DYNAMICS
Growth Drivers
Increasing Population Growth And Urbanization Will Drive Market Growth Due For Efficient Fuels
Environmental Concerns and Promoting Cleaner fuel will offer growth Prospects
Restraint
Competition from Alternative Renewable Sources and Bio-fuels May Hinder market growth

Key Players
• Gazprom
• ExxonMobil
• PetroChina
• Chevron
• Shell
• Lukoil
• Sinopec
• TotalEnergies
• ConocoPhillips
• Marathon Petroleum
• Oil India
• EOG Resources
• Devon Energy
• Cheniere Energy
• Kinder Morgan
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)



Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

ページTOPに戻る

Table of Contents

1. Executive Summary
1.1.Regional Market Share
1.2. Business Trends
1.3.Propane Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2.Propane Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. Propane Market – Industry Insights
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7.Market Dynamics
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. Propane Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.Propane Market Size & Forecast 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Grade
11.3.1.1. Commercial
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.HD5
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Consumer-Grade
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.4.Auto-gas
11.3.1.4.1.By Value (USD Million) 2024-2034F
11.3.1.4.2. Market Share (%) 2024-2034F
11.3.1.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.5.Others
11.3.1.5.1.By Value (USD Million) 2024-2034F
11.3.1.5.2. Market Share (%) 2024-2034F
11.3.1.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By End Use
11.3.2.1.Commercial
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Residential
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Industrial
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Others
11.3.2.4.1. By Value (USD Million) 2024-2034F
11.3.2.4.2.Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
12. North America Propane Market Size & Forecast 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Grade
12.3.2.By End Use
12.4. Country
12.4.1. United States
12.4.2.Canada
13. Europe Propane Market Size & Forecast 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Grade
13.3.2.By End Use
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia-Pacific Propane Market Size & Forecast 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Grade
14.3.2.By End Use
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa Propane Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Grade
15.3.2.By End Use
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. Latin America Propane Market Size & Forecast 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Grade
16.3.2.By End Use
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1.Gazprom
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. ExxonMobil
18.3. PetroChina
18.4.Chevron
18.5. Shell
18.6. Lukoil
18.7. Sinopec
18.8.TotalEnergies
18.9. ConocoPhillips
18.10.Marathon Petroleum
18.11.Oil India
18.12.EOG Resources
18.13.Devon Energy
18.14.Cheniere Energy
18.15.Kinder Morgan
18.16. Other Prominent Players
19. Appendix
20.Consultant Recommendation