Growth of Propane Market 2014 - 2022

Transparency Market

Research

Propane Market - Global Industry Analysis, Size, Share,

Growth Trends and Forecast 2014 – 2022

Published Date

2015-04-17

119 Page Report

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Press Release

Propane Market is expected to reach USD 145.82 Billion by 2022

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Propane Market

REPORT DESCRIPTION

The propane market report by Transparency Market Research provides in-depth analysis of the global

propane industry. The report divides the market on the basis of application and geography. It also provides

the forecast and estimates for each application and region. The report analyzes demand and supply

characteristics of the market by providing detailed forecast and analysis of revenue for the period 2014–

2022.

Browse the full Propane Market report at http://www.transparencymarketresearch.com/propane-market.html

The propane market primarily includes six types of applications: residential, commercial, agricultural,

industrial, transportation, and chemical & refinery. Stringent environment regulations and growing

petrochemical industry are expected to be the major growth drivers for the propane market. Propane ranks

as the fourth important source of energy for the residential segment. As an energy source, propane

competes with electricity, natural gas and fuel oil on the parameters such as profitability, price and

availability. In certain geographic areas, propane is comparatively cheap as compared to electricity. The

residential segment was the largest consumer of propane globally, accounting for 32.57% of the global

share in 2013. The share of the residential segment is expected to reach 30.47% by 2022. Propane is used

in residential applications as a substitute fuel owing to low carbon emissions and safety. Propane-powered

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