The research report on the Global Propane Market added by Reports and Data presents a comprehensive assessment of the market including current and future trends, current factors driving and restraining market growth, and expert validated market data.

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.

In regards to region, North America can be seen to hold a considerable position in the industry. The market position held by the region is attributed to the fact that countries within the region like U.S. is a prominent chemical manufacturer, and the boom in shale gas is supporting the expansion of the sector in this region.

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.

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Key Questions Answered in the Report:

What is the expected market size of the Propane market?
What are the key factors expected to drive and restrain Propane market growth over the forecast period?
What are the key products and applications offered by the Propane market?
Which region is expected to account for largest revenue share in the market in the coming years?
What are the current and future market trends of the Propane market?
Which segment is expected to show lucrative growth throughout the forecast period?
What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the key challenges and limitations the new entrants and companies will have to face in the Propane market over the forecast period?
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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
The global Propane report is a qualitative and quantitative research document that offers vital insights into the Propane market that enable the businesses and investors gain a competitive edge over the other competitors. It provides an exhaustive analysis of the competitive landscape including company overview, revenue share and contribution, financial standing, global position, and technological and product advancement. The report also explores the new entrants, strategic alliances and collaborations, mergers, acquisitions, partnerships, agreements, and deals of the well established companies.

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