In 2017, propane market outlook was $xx Million. It is projected to accelerate the market up to $xx Million with a CAGR of xx% over the forecast period. The main driving factors for the growth of propane market are rise in demand for energy on high consumption in commercial and industrial end-use. Increase in demand of liquefied gas of propane from the rising customers worldwide and growing preference of customers because of low cost of propane compared to the alternatives for fuel are the ... Read more

The global propane market size is projected to reach US$ 107 billion by 2025, and register CAGR of 4.5% over the forecast period (2019 – 2027).

Market Overview

Propane is a flammable hydrocarbon gas that originates during the process of petroleum refining and natural gas processing. The gas is usually compressed into a liquid state at low pressure and stored in LPG (Liquid Petroleum Gas) tanks, gas cylinders, or steel ... Read more

Propane is a three-carbon alkane with the molecular formula C3H8. It is a gas at standard temperature and pressure (STP) but is often stored and distributed in its liquid state because of propane's lower vapor pressure relative to natural gas or gasoline. Propane is widely used as a fuel for heating, cooking, vehicles and various industrial processes. Some key advantages of propane are that it is safer and cleaner than many fossil fuels.

The global propane market is primarily ... Read more