Propane Market Report 2017: Global Industry Analysis, Trends, Market Size & Forecasts to 2023 – Research and Markets

September 26, 2017

DUBLIN–(BUSINESS WIRE)–The "Propane
Market: Global Industry Analysis, Trends, Market Size & Forecasts to
2023" report has been added to Research and Markets'
offering.

The report on global Propane market provides qualitative and
quantitative analysis for the period of 2017 to 2023. The report
predicts the global Propane market to grow with a CAGR between 3.0% and
3.5% from 2017 to 2023.

The global Propane market was worth USD 122.53 billion in 2015. The
study on Propane market covers the analysis of regions such as North
America, Europe, Asia Pacific, Latin America and Rest of the World.
Among the geographies Asia Pacific dominated the world market while as
well as anticipated to grow at the highest CAGR over the forecast period.

Report Findings

1. Drivers

  • Rising demand of LPG from increasing consumers
  • Growing demand of propane from petrochemical industry
  • Huge demand of propane from automobile industry

2. Restraints

  • Fluctuations in petroleum and crude oil prices
  • Inadequate retail infrastructure for propane and limited awareness
    among the consumers

3. Opportunities

  • Huge demand of clean fuel from marine industry
  • Use of propane in power generation

The companies covered in the report include:

  • Marsh LP Gas Company Inc.
  • Lykins Energy Solutions
  • Sparlingss Propane Co. Ltd.
  • Ferrellgas Partners L.P.
  • ThompsonGas
  • PetroChina Company Limited
  • Reliance Industries Ltd.
  • AmeriGas
  • Shell
  • British Petroleum
  • BASF
  • Sinopec
  • PDVSA
  • Valero Energy Corp.
  • ExxonMobil
  • Evonik

For more information about this report visit https://www.researchandmarkets.com/research/v768gh/propane_market

Contacts

Research and Markets
Laura Wood, Senior Manager
[email protected]
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Related
Topics: Refrigerants

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