Propane Market: By End User (Agriculture, Chemicals and Refineries, Commercial, Industrial, Residential and Transportation) and Geography  

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Propane Market size was valued at USD 82.5 billion in 2022 and is poised to grow at a significant CAGR of 4.9% from 2023-2029. Some of the key factors influencing the market growth include increasing demand for propane from the automobile industry, rapid industrialization together with increasing population and high consumption of propane in industrial & commercial sectors. In addition, the global propane market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global propane market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Natural gas, LNG and more are numerous alternatives in which customers also shifting their ways to fulfill energy needs. LPG itself is a cheap substitute of propane which is limiting its market globally. Hence, presence of cheap alternatives are hampering the market growth.

Global Propane Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.9%

Largest Market

Asia-Pacific

Fastest Growing Market

Asia Pacific
Propane Market Dynamics

Growing advancements in propane and competitive technologies, improvements in energy efficiency, and changes in propane supply are anticipated to propel the market growth over the forecast years.

Key Features of the Reports

  • The propane market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startups details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Propane Market Segmentation

By Application
  • Agriculture
  • Chemicals and Refineries
  • Commercial
  • Industrial
  • Residential
  • Transportation
By Geography
  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

The Propane market size was valued at USD 82.5 billion in 2022.

The key segments covered in the propane market are technology, components, application, and end-users.

The Propane market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The Propane market key players are BASF (Germany), British Petroleum (U.K), Evonik (Germany), ExxonMobil (U.S), Ferrellgas Partners L.P. (U.S), Lykins Energy Solutions (U.S), PDVSA (Venezuela), PetroChina Company Limited (China), Reliance Industries Ltd. (India), Shell (Netherlands), Sinopec (China), Valero Energy Corp. (U.S)

  1. Executive Summary
  2. Global Propane Market Introduction
    • Global Propane Market - Taxonomy
    • Global Propane Market -Definitions
      • End User
  1. Global Propane Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Propane Market Dynamic Factors - Impact Analysis
    • Global Propane Market - Competition Landscape
  2. Global Propane Market Analysis, 2018-2022 and Forecast, 2023-2029
    • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Propane Market Forecast, By End User, 2018-2022 and Forecast, 2023-2029
    • Agriculture
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Chemicals and Refineries
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Commercial
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Industrial
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Residential
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Transportation
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Propane Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Propane Market - Opportunity Analysis Index, By End User and Region, 2023-2029
  2. North America Propane Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Agriculture
      • Chemicals and Refineries
      • Commercial
      • Industrial
      • Residential
      • Transportation
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Propane Market - Opportunity Analysis Index, By End User and Country, 2023-2029
    • North America Propane Market Dynamics - Trends
  3. Europe Propane Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Agriculture
      • Chemicals and Refineries
      • Commercial
      • Industrial
      • Residential
      • Transportation
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Propane Market - Opportunity Analysis Index, By End User and Country, 2023-2029
    • Europe Propane Market Dynamics - Trends
  4. Asia-Pacific Propane Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Agriculture
      • Chemicals and Refineries
      • Commercial
      • Industrial
      • Residential
      • Transportation
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Propane Market - Opportunity Analysis Index, By End User and Country, 2023-2029
    • Asia-Pacific Propane Market Dynamics - Trends
  5. Latin America Propane Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Agriculture
      • Chemicals and Refineries
      • Commercial
      • Industrial
      • Residential
      • Transportation
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Propane Market - Opportunity Analysis Index, By End User and Country, 2023-2029
    • Latin America Propane Market Dynamics - Trends
  6. Middle East and Africa Propane Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Agriculture
      • Chemicals and Refineries
      • Commercial
      • Industrial
      • Residential
      • Transportation
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Propane Market - Opportunity Analysis Index, By End User and Country, 2023-2029
    • MEA Propane Market Dynamics - Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Technology & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • BASF (Germany)
      • British Petroleum (U.K)
      • Evonik  (Germany)
      • ExxonMobil (U.S)
      • Ferrellgas Partners L.P. (U.S)
      • Lykins Energy Solutions (U.S)
      • PDVSA (Venezuela)
      • PetroChina Company Limited (China)
      • Reliance Industries Ltd. (India)
      • Shell (Netherlands)
      • Sinopec (China)
      • Valero Energy Corp. (U.S)
  1. Research Methodology

   14. Key Assumptions and Acronyms

  • BASF (Germany)
  • British Petroleum (U.K)
  • Evonik  (Germany)
  • ExxonMobil (U.S)
  • Ferrellgas Partners L.P. (U.S)
  • Lykins Energy Solutions (U.S)
  • PDVSA (Venezuela)
  • PetroChina Company Limited (China)
  • Reliance Industries Ltd. (India)
  • Shell (Netherlands)
  • Sinopec (China)
  • Valero Energy Corp. (U.S)

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