Propane Market by Product Type, Distribution Channel, End User 2024-2032
                     Global Propane Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Accord ing  t o  the  la tes t  repo r t  by  I MARC G roup ,  t i t l ed  " Propane  Market :  G l oba l  
Indust ry  T rends ,  Share ,  S ize ,  G rowth ,  Opportun i ty  and  Forecast  2024-
2032, "  t he  g loba l  p ropane m arke t  s i ze  reached 181 .1  M i l l i on  Tons  in  2023 .
P ropane ,  o r  l i que f ied  pe t ro leum gas  (LPG) ,  re fe rs  to  a  co lo r less ,  non- t ox ic ,  and  
Report h igh ly  f l ammable  hydrocarbon  gas  usua l l y  compressed  and  s to red  in  a  l i qu id  fo rm.  I t  i s  a  byproduc t  ob t a ined  f rom p rocess ing  c rude o i l ,  na tu ra l  gas ,  and  
pe t ro leum.  A l though  i t  i s  odor less ,  an  odoran t  i s  added  t o  t he  gas  fo r  leakage 
Highlight and de tec t ion .  
I t  i s  commonly  used  fo r  cook ing ,  space  and  wa t er  hea t i ng ,  a i r  cond i t i on ing ,  
Description re f r ige ra t i ng  food ,  and  veh ic le  f ue l .  I t  o f f e rs  seve ra l  bene f i t s ,  i nc lud ing  cos t -e f fec t i veness ,  env i ronment  f r i end l i ness ,  h igh  energy  dens i t y ,  and  versa t i l i t y .  Over  
t he  years ,  p ropane  has  ga ined  immense popu la r i t y  as  a  c lean -burn ing  f ue l  i n  t he  
res ident ia l ,  commerc ia l ,  t r anspor t a t ion ,  and  indus t r ia l  sec t o r s .
Request  fo r  a  PDF sample  o f  th is  repor t :  
ht tps : / / www. imarcgroup .com/p ropane-marke t / r eques tsam ple
Report Description
G l o b a l  P r o p a n e  M a r k e t  T r e n d s :
T h e  e s c a l a t i n g  d e m a n d  f o r  p r o p a n e  f r o m  t h e  r e s i d e n t i a l  s e c t o r  r e p r e s e n t s  o n e  o f  t h e  k e y  f a c t o r s  d r i v i n g  t h e  m a r k e t  g r o w t h .  B e s i d e s  t h i s ,  t h e  
i n c r e a s i n g  p r o d u c t  a p p l i c a t i o n s  i n  t h e  p o w e r  a n d  e n e r g y  s e c t o r  f o r  e l e c t r i c i t y  g e n e r a t i o n  a r e  c o n t r i b u t i n g  t o  t h e  m a r k e t  g r o w t h .  M o r e o v e r ,  t h e  
g r o w i n g  e n v i r o n m e n t a l  c o n c e r n s  a n d  t h e  r i s i n g  e n e r g y  d e m a n d  f r o m  n u m e r o u s  i n d u s t r y  v e r t i c a l s  h a v e  s t r e n g t h e n e d  t h e  n e e d  f o r  c l e a n - b u r n i n g  
f u e l s ,  s u c h  a s  p r o p a n e .  I n  l i n e  w i t h  t h i s ,  t h e  s u r g i n g  u t i l i z a t i o n  o f  p r o p a n e  i n  i n d u s t r i a l  a p p l i c a t i o n s ,  i n c l u d i n g  c u t t i n g  a n d  b r a z i n g ,  s o l d e r i n g ,  
p r e h e a t i n g ,  s h r i n k - w r a p p i n g ,  a n d  h e a t  t r e a t m e n t  h a s  a u g m e n t e d  t h e  p r o d u c t  d e m a n d .  I n  a d d i t i o n ,  t h e  i n c r e a s i n g  n u m b e r  o f  a u t o g a s  o r  L P G -
f u e l e d  v e h i c l e s  a n d  t h e  r i s i n g  p o p u l a r i t y  o f  p r o p a n e - b a s e d  a g r i c u l t u r a l  e n g i n e s  a r e  o t h e r  m a j o r  g r o w t h - i n d u c i n g  f a c t o r s .  
F u r t h e r m o r e ,  t h e  i m p l e m e n t a t i o n  o f  s t r i n g e n t  r e g u l a t i o n s  b y  g o v e r n m e n t s  o f  v a r i o u s  n a t i o n s  d u e  t o  d e p l e t i n g  n o n - r e n e w a b l e  r e s o u r c e s  l i k e  
c r u d e  o i l  h a s  p r o m p t e d  m a n u f a c t u r e r s  t o  a d o p t  s u s t a i n a b l e  m a n u f a c t u r i n g  p r a c t i c e s  t h a t  r e l y  o n  b i o - b a s e d  r a w  m a t e r i a l s  f o r  p r o p a n e  p r o d u c t i o n  
t o  i m p r o v e  e f f i c i e n c y  a n d  c o n s e r v e  n a t u r a l  r e s o u r c e s .  T h i s ,  i n  t u r n ,  i s  o f f e r i n g  l u c r a t i v e  g r o w t h  o p p o r t u n i t i e s  t o  k e y  p l a y e r s .  O t h e r  f a c t o r s ,  
i n c l u d i n g  r i s i n g  p r o d u c t  u s e  a s  a n  i n t e r m e d i a t e  i n  p r o p y l e n e  a n d  e t h y l e n e  p r o d u c t i o n ,  i n f l a t i n g  s a l e s  o f  p r o p a n e - f u e l e d  a p p l i a n c e s ,  r a p i d  
i n d u s t r i a l i z a t i o n ,  w i d e s p r e a d  p r o d u c t  a v a i l a b i l i t y ,  a n d  e x t e n s i v e  i n v e s t m e n t s  i n  r e s e a r c h  a n d  d e v e l o p m e n t  ( R & D )  a c t i v i t i e s ,  a r e  a l s o  c r e a t i n g  a  
f a v o r a b l e  m a r k e t  o u t l o o k .
L o o k i n g  f o r w a r d ,  I M A R C  G r o u p  e x p e c t s  t h e  m a r k e t  v o l u m e  t o  r e a c h  2 4 8 . 7  M i l l i o n  T o n s  b y  2 0 3 2 ,  g r o w i n g  a t  a  C A G R  o f  3 . 5 %  
d u r i n g  2 0 2 4 - 2 0 3 2 .
V i e w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / p r o p a n e - m a r k e t
Breakup by Form:
• Liquid
• Gas
 
Breakup by Grade:
• HD-5 Propane
Report • HD-10 Propane
Segmentation • Commercia l  Propane
Breakup by End Use Industry:
• Residentia l
• Commercia l
• Transportation
• Others
Breakup by Region:
• North America
Report • Asia-Pacifi c
• Europe
Segmentation
• Latin America
• Middle East and Afr ica
• Air  L iqu ide S.A.
• BP p lc
• Chevron Corporat ion
• China Nat ional  Petroleum Corporat ion
Competitive • China Petro leum & Chemica l  Corporat ion
• ConocoPhi l l ips Company
Landscape • Eni  S .p .A.
with Key • Evonik  Industr ies AG
• Exxon Mobi l  Corporat ion
Players • GAIL ( Ind ia)  L imited
• Gazprom
• Ind ian Oi l  Corporat ion Ltd.
• Royal  Dutch Shel l  p lc
• Saudi Arabian Oi l  Co.
• Tota lEnerg ies  SE
What was the size of the global propane market in 
2023?
What is the expected growth rate of the global 
propane market during 2024-2032?
Key What are the key factors driving the global propane market?
Questions 
What has been the impact of COVID-19 on the 
global propane market?
Answered in 
the Report What is the breakup of the global propane market based on the end use industry?
What are the key regions in the global propane 
market?
Who are the key players/companies in the global 
propane market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  P r o p a n e  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  F o r m
    6 . 1     L i q u i d
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     G a s
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  G r a d e
    7 . 1     H D - 5  P r o p a n e
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
       
    7 . 2     H D - 1 0  P r o p a n e
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     C o m m e r c i a l  P r o p a n e
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  E n d  U s e  I n d u s t r y
    8 . 1     R e s i d e n t i a l
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
Table of     8 . 2     C o m m e r c i a l        8 . 2 . 1  M a r k e t  T r e n d s
        8 . 2 . 2  M a r k e t  F o r e c a s t
    8 . 3     T r a n s p o r t a t i o n
Contents         8 . 3 . 1  M a r k e t  T r e n d s        8 . 3 . 2  M a r k e t  F o r e c a s t
    8 . 4     O t h e r s
        8 . 4 . 1  M a r k e t  T r e n d s
        8 . 4 . 2  M a r k e t  F o r e c a s t
9    M a r k e t  B r e a k u p  b y  R e g i o n
    9 . 1     N o r t h  A m e r i c a
        9 . 1 . 1  U n i t e d  S t a t e s
           9 . 1 . 1 . 1  M a r k e t  T r e n d s
           9 . 1 . 1 . 2  M a r k e t  F o r e c a s t
        9 . 1 . 2  C a n a d a
           9 . 1 . 2 . 1  M a r k e t  T r e n d s
           9 . 1 . 2 . 2  M a r k e t  F o r e c a s t
    9 . 2     A s i a - P a c i f i c
        9 . 2 . 1  C h i n a
           9 . 2 . 1 . 1  M a r k e t  T r e n d s
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. i m a rc g ro u p . c o m / p ro p a n e - m a r ke t / t o c
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