Propane Market Statistics, Overview Growth, Restraints, Trends, Company Profiles, Analysis & Forecast Till 2028

 Market Size – USD 90.83 Billion in 2020, Market Growth - CAGR of 3.2%, Market Trends – The rising demand for Propane for residential uses

The Global Propane Market is forecast to reach USD 115.60 Billion by 2028, according to a new report by Reports and Data. Propane, an organic compound, was discovered in 1857 by Marcellin Berthelot, the French chemist. The compound is produced as a by-product of two other processes, petroleum refining, and natural gas processing. While processing natural gas, it requires removal of propane, butane, and large amounts of ethane from the raw gas for preventing condensation of its volatiles in natural gas pipelines. In addition to that, this compound is also produced in a limited amount by oil refineries as a by-product of cracking petroleum into heating oil or gasoline. In regards to its features, it is an odorless and colorless gas. It undergoes combustion like other alkanes. Its combustion is cleaner as compared to unleaded gasoline or coal. Propane per BTU production of CO2 is as low as natural gas. It burns hotter as compared to diesel fuel or home heating oil due to the very high hydrogen content. Thus, certain advantages of this fuel over coal or unleaded gasoline is one of the mentionable factor boosting the growth of the sector.

Top Companies Listed in the Propane Market Report:

BP P.L.C. (British Petroleum), Exxon Mobil, Royal Dutch Shell, Chevron Corp., Sinopec, Total SA, Anadarko Petroleum Corp., Statoil ASA, Eni S.p.A, ConocoPhillips and Altagas.

To receive a sample copy of the global Propane market report, visit @ https://reportsanddata.com/sample-enquiry-form/2882

Market Overview:

The global Propane market is rapidly expanding over the last few years and is expected to register a robust CAGR in the coming years. Technological advancements, increasing need to develop sustainable and biodegradable products, and rising disposable income across the globe are key factors boosting global market growth. Increasing investments and funding from government to support materials and chemical industry and increasing demand for chemicals and raw material in various sectors including pharmaceutical and biotechnology, food and beverage, and increasing awareness about organic soaps and perfumes are further expected to fuel market growth.

The study offers key insights into the strengths and weaknesses of the prominent players through an extensive SWOT analysis and Porter’s Five Forces analysis. It further segments the market on the basis of product type, application spectrum, med-use, and geography. The Propane industry analysis report assesses the industry in terms of market size, market share, and revenue. The key regional markets covered in the report include North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Furthermore, the report sheds light on the presence of the global Propane market in the major regions with regards to market share, market size, revenue contribution, sales statistics, distribution channels, and various other key elements.

To know more about the report @ https://www.reportsanddata.com/report-detail/propane-market

Grade Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)

  • HD5 Propane
  • HD-10 Propane
  • Commercial grade propane

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)

  • Industrial & Domestic fuel
  • Refrigeration
  • Motor fuel
  • Solvent
  • Others

Request a customized copy of the report @ https://reportsanddata.com/request-customization-form/2882

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports





Comments

Post a Comment

Popular posts from this blog

Polymer Coated Fabrics Market Size, Industry & Landscape Outlook, Revenue Growth Analysis to 2030

  The  Polymer Coated Fabrics Market  size is expected to reach USD 25.66 Billion in 2030 and register a revenue CAGR of 4.2% over the forecast period, according to the latest report by Reports and Data. Steady market revenue growth of polymer coated fabrics is owing to various factors such as stringent regulatory requirements for worker’s safety and increasing investment in research and development activities. However, concerns regarding the effect of coated fabrics on the environment is a restraint that can affect market revenue growth. Modern polymers-coated fabrics are often used in structural applications. Properties of such materials are stiffness, strength, and thermal conductivity which makes them attractive compared with traditional engineering materials. Light and composite polymer materials are used in various fields as support or constructional materials. Polymer coating deposition on a wide variety of engineering substrates has gained significant attention. C...
Read more

Intumescent Coatings Market Overview, Companies,Size, Opportunities, Trends, Products, Analysis, For 2020–2028

 Reports and Data’s latest report, titled “Global  Intumescent Coatings Market ,” thoroughly studies the global Intumescent Coatings market to offer accurate market projections such as forecast market size and value, revenue share, and market revenue growth rate. The report is a descriptive summary of the Intumescent Coatings business sphere and offers an in-depth study of the key market trends and growth prospects. It identifies the top products and services offered by this industry and analyzes their application scope and end-use industries. The report presents key industry statistics in a tabular format to help readers gain viable insights into the Intumescent Coatings industry and its core mechanisms. The global intumescent coatings market is forecast to reach USD 1,334.5 Million by 2028, according to a new report by Reports and Data. Intumescent coatings are generally referred to as intumescent paint, which are used in buildings as a passive fire resistance meas...
Read more

UV Offset Inks Market Segmentation ,Analysis, Top Key Players, and Industry Statistics, 2020-2027

  Global research report called   UV Offset Inks Market   was recently published by Reports and Data. to provide guidance for the business. The new research study on UV Offset Inks market sheds light on the current scope as well as on the upcoming opportunities in the future. To understand the structure of global trading, the report also gives statistical data on local consumption and global consumption. The report also focuses on global major leading industry players of UV Offset Inks market providing information such as company profiles, product picture and specification, price, capacity, cost, production, revenue and contact information. Additionally, it discusses effective plans and development strategies, with tables and figures helping analyze worldwide UV Offset Inks market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. Get ...
Read more