Propane Market Dynamics And Trends, Efficiencies Forecast 2027 As per a recent report by Transparency Market Research, the global propane market is expected to experience a consistent growth over the period of 2019 to 2027. The report mentions the facts that due to widespread application of propane in numerous petrochemical industries, the market shall witness 5% CAGR in the mentioned period of 2019 to 2027. Moreover, post analysis of the market, the experts at Transparency Market Research states that the global propane market shall bag huge revenue at the end of 2027. They also mention that the market stood strong at US$ 72 bn in 2018. This implies that the market players have huge growth potential and can grow substantially in the projected duration.