period. Moreover, huge demand of propane as motor fuel from automobile industry coupled
with lower cost as compare to other fuels will also drive the global propane market over the
forecast period. However, fluctuations in petroleum and crude oil prices primarily required
for processing & refining of propane as well as inadequate infrastructure for retailing of
propane and limited awareness of benefits associated with propane among the consumers
are the prime factors responsible for restraining the growth of this market. Nevertheless,
huge demand of clean fuel from marine industry which in turn increases the demand of
propane and use of propane in power generation will bring opportunities to the global
propane market. Hence, the global propane market is expected to face the challenges such
as transportation, storage and supply.
Segments Covered:
The report segments the propane market by application and by region. Market segmentation
based on application includes residential, commercial, industrial, agricultural, chemical &
refinery and transportation. Moreover, residential sub segment is accounted to be the
largest application sub segment and is likely to lead the global propane market due to non-
toxicity of propane and less emission of carbon during combustion.
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