A latest report has been added to the wide database of Propane Market by Infinium Global
Research. This report studies the Propane Market by application (residential, commercial,
industrial, agricultural, chemical & refinery and transportation) market status and outlook of
global and major regions, from manufacturers, and end industries. The objective of the study
is to identify market sizes of different segments & countries in recent years and to forecast
the values for the next six years. Propane Market provides opportunities in micro markets for
stakeholders to invest along with the detailed analysis of competitive landscape, latest
trends, and product offerings of the major companies in the Propane Market.
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Market Insights
The global propane market was sized over USD 122.53 billion in 2015. The global propane
market is projected to grow with a CAGR between 3.0% and 3.5% during 2017-2023 and
reach USD 148.72 billion by 2023. Rising demand of liquefied propane gas from increasing
consumers globally and increasing preference of consumers due to lower cost of propane as
compare to other fuel substitutes are the key factors driving the global propane market.
Furthermore, rising demand of propane from petrochemical industry for the production of
plastics, fibers and cosmetics will also drive the propane market globally over the forecast
Infinium Global Research