Global Propane Market Projected to Rise to US$145.82 bn by 2022 Due to Increasing Demand for Cleaner Sources of Energy

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
home appliances deliver high efficiency output and value compared to other energy sources. Chemical &
refinery sector was the second-largest consumer of propane globally, accounting for 25.74% of the global
share in 2013. The segment’s share is expected to reach 29.77% by 2022.
Asia Pacific, with growing population and booming transportation sector, is expected to dominate the
market in the next few years. As infrastructure development and manufacturing activities in the region are
increasing, the demand for propane is also expected to grow at constant rates throughout the forecast
period. Both the chemical processing and petrochemical industries are likely to exhibit significant growth in
demand for propane in the near future. Fuel competition in nations, which subsidize kerosene, hampers the
demand for propane. Natural gas producing regions often sell natural gas at prices that are significantly
lower than domestic propane prices, which hampers propane demand. Oversupply, undersupply and
higher prices due to cold weather affect propane demand for limited periods. The U.S., Mexico and Canada
favor adoption of propane in the transportation sector. Substantial growth in the industrial sector is fueling
the transportation industry. This, in turn, is likely to boost the growth of the propane market in the next
four to five years. Introduction of several emission norms have helped the propane market grow
substantially in the recent years. Propane prices have decreased since the past few years and demand for
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Propane Market
propane from the petrochemical industry has increased substantially. Plans to build propane to propylene
petrochemical facilities in various countries including China offer wide opportunities for the propane
market during the forecast period. Increasing applications in petrochemical plants have accelerated the
overall market growth of propane in the past few years.
The report includes geographical regions such as North America, Asia Pacific, Europe, Latin America, and
Middle East & Africa. Every region has been further bifurcated on the basis of the application segments.
Revenue forecasts and estimates for each product segment have been provided for the period 2014–2022.
Browse the full Propane Market Press Release report at http://www.transparencymarketresearch.com/pressrelease/propane-market.htm
The report also provides detailed analysis and revenue of companies such as Ferrellgas Partners, L.P.,
Lykins Energy Solutions, Marsh LP Gas Company Inc., Suburban Propane Partners, L.P., ThompsonGas and
Sparlingss Propane Co. Ltd.
With the help of Porter’s Five Forces model, the report provides a detailed analysis of the various factors
influencing the propane market. The analysis also helps understand the degree of competition prevalent in
the market. Furthermore, the report analyzes the value chain and the various drivers and restraints of the
global propane market.
Global Propane Market: Application Analysis
Residential
Commercial
Industrial
Agricultural
Chemical & Refinery
Transportation
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Propane Market
Global Propane Market: Regional Analysis
North America
U.S.
Canada
Mexico
Europe
Germany
Turkey
Spain
U.K.
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Middle East and Africa (MEA)
Saudi Arabia
Angola
Iran
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Rest of Middle East and Africa
Latin America
Brazil
Rest of Latin America
Table of Contents
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
Chapter 2 Executive Summary
2.1 Global Propane Market: Snapshot
Chapter 3 Global Propane Market – Industry Analysis
3.1 Introduction
3.2 Market Drivers
3.2.1 Excellent Clean Fuel in Marine Industry
3.2.2 Stringent Environmental Regulations Coupled with Rising Demand for Cleaner Fuel in
Transportation Sector
3.2.2.1 Global Vehicle Emission Norms
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3.2.2.2 North America
3.2.2.2.1 U.S.
3.2.2.2.2 Canada
3.2.2.2.3 Mexico
3.2.2.3 South America
3.2.2.3.1 Argentina
3.2.2.3.2 Brazil
3.2.2.3.3 Costa Rica
3.2.2.3.4 Chile
3.2.2.4 EU Transport 2050 Strategy
3.2.2.5 Increase in Propane Applications in Africa
3.2.3 Focus on Decreasing Reliance on Conventional Gas Sources
3.3 Market Restraints
3.3.1 Limited Awareness of Benefits of Propane as Clean Fuel
3.4 Market Opportunities
3.4.1 Propane for Power Generation
3.5 Value Chain Analysis
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat from Substitutes
3.6.4 Threat of New Entrants
3.6.5 Degree of Competition
3.7 Market Attractiveness Analysis of Propane Market, by Region (2013)
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Chapter 4 Global Propane Market – Application Segment Analysis
4.1 Global Propane Market: Application Segment Overview
4.1.1 Global Propane Market, Volume Estimates and Forecast, by Application Segment, 2013 & 2022
4.2 Residential
4.2.1 Global Residential Propane Market, Volume and Revenue Estimates and Forecast, 2008 – 2022
(Million Tons) (USD Billion)
4.3 Commercial
4.3.1 Global Commercial Propane Market, Volume and Revenue Estimates and Forecast, 2008 – 2022
(Million Tons) (USD Billion)
4.4 Chemical & Refinery
4.4.1 Global Chemical & Refinery Propane Market, Volume and Revenue Estimates and Forecast, 2008 –
2022 (Million Tons) (USD Billion)
4.5 Industrial
4.5.1 Global Industrial Propane Market, Volume and Revenue Estimates and Forecast, 2008 – 2022
(Million Tons) (USD Billion)
4.6 Transportation
4.6.1 Global Transportation Propane Market, Volume and Revenue Estimates and Forecast, 2008 – 2022
(Million Tons) (USD Billion)
4.7 Agricultural
4.7.1 Global Agricultural Propane Market, Volume and Revenue Estimates and Forecast, 2008 – 2022
(Million Tons) (USD Billion)
Chapter 5 Propane Market – Regional Segment Analysis
5.1 Propane Market: Regional Segment Overview
5.1.1 Global Propane Market, Volume Share by Region, 2013 and 2022
5.2 North America
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Propane Market
5.2.1 North America Propane Market, Volume and Revenue Estimates And Forecast, 2008 – 2022
(Million Tons) (USD Billion)
5.2.2 North America Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022
(Million Tons)
5.2.3 North America Propane Market, Revenue Estimates And Forecast, By Application, 2008 – 2022
(USD Billion)
5.2.4 North America Propane Market, Volume Estimates And Forecast, By Country, 2008 – 2022 (Million
Tons)
5.2.5 North America Propane Market, Revenue Estimates And Forecast, By Country, 2008 – 2022 (USD
Billion)
5.2.6 U.S. Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022 (Million Tons)
5.2.7 Canada Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022 (Million
Tons)
5.3 Europe
5.3.1 Europe Propane Market Volume and Revenue, by Application, 2008 – 2022, (Million Tons) (USD
Billion)
5.3.2 Europe Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022 (Million
Tons)
5.3.3 Europe Propane Market, Revenue Estimates And Forecast, By Application, 2008 – 2022 (USD
Billion)
5.3.4 Europe Propane Market, Volume Estimates And Forecast, By Country, 2008 – 2022 (Million Tons)
5.3.5 Europe Propane Market, Revenue Estimates And Forecast, By Country, 2008 – 2022 (USD Billion)
5.3.6 Germany Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022 (Million
Tons)
5.3.7 Turkey Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022 (Million
Tons)
5.3.8 U.K. Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022 (Million Tons)
5.3.9 Spain Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022 (Million Tons)
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5.3.10 Rest of Europe Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022
(Million Tons)
5.4 Asia Pacific
5.4.1 Asia Pacific Propane Market Volume and Revenue, by Application, 2008 – 2022 (Million Tons) (USD
Billion)
5.4.2 Asia Pacific Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022 (Million
Tons)
5.4.3 Asia Pacific Propane Market, Revenue Estimates And Forecast, By Application, 2008 – 2022 (USD
Billion)
5.4.4 Asia Pacific Propane Market, Volume Estimates And Forecast, By Country, 2008 – 2022 (Million
Tons)
5.4.5 Asia Pacific Propane Market, Revenue Estimates And Forecast, By Country, 2008 – 2022 (USD
Billion)
5.4.6 China Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022 (Million Tons)
5.4.7 India Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022 (Million Tons)
5.4.8 Japan Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022 (Million Tons)
5.4.9 Rest of Asia Pacific Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022
(Million Tons)
5.5 Middle East & Africa
5.5.1 Middle East & Africa Propane Market Volume and Revenue, by Application, 2008 – 2022 (Million
Tons) (USD Billion)
5.5.2 Middle East & Africa Propane Market, Volume Estimates And Forecast, By Application, 2008 –
2022 (Million Tons)
5.5.3 Middle East & Africa Propane Market, Revenue Estimates And Forecast, By Application, 2008 –
2022 (USD Billion)
5.5.4 Middle East & Africa Propane Market, Volume Estimates And Forecast, By Country, 2008 – 2022
(Million Tons)
5.5.5 Middle East & Africa Propane Market, Revenue Estimates And Forecast, By Country, 2008 – 2022
(USD Billion)
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5.5.6 Saudi Arabia Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022
(Million Tons)
5.5.7 Iran Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022 (Million Tons)
5.5.8 Angola Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022 (Kilo Tons)
5.5.9 Rest of Middle East & Africa Propane Market, Volume Estimates And Forecast, By Application,
2008 – 2022 (Million Tons)
5.6 Latin America
5.6.1 Latin America Propane Market, Volume and Revenue Estimates And Forecast, 2008 – 2022 (Million
Tons) (USD Billion)
5.6.2 Latin America Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022
(Million Tons)
5.6.3 Latin America Propane Market, Revenue Estimates And Forecast, By Application, 2008 – 2022
(USD Billion)
5.6.4 Latin America Propane Market, Volume Estimates And Forecast, By Country, 2008 – 2022 (Million
Tons)
5.6.5 Latin America Propane Market, Revenue Estimates And Forecast, By Country, 2008 – 2022 (USD
Billion)
5.6.6 Brazil Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2022 (Million Tons)
5.6.7 Rest of Latin America Propane Market, Volume Estimates And Forecast, By Application, 2008 –
2022 (Million Tons)
Chapter 6 Company Profiles
6.1 Aero Energy
6.1.1 Company Overview
6.1.2 Business Strategy
6.1.3 Recent Developments
6.2 AmeriGas Propane Inc.
6.2.1 Company Overview
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6.2.2 Financial Overview
6.2.3 Business Strategy
6.3 Campora Propane Services
6.3.1 Company Overview
6.3.2 Business Strategy
6.4 DCC plc
6.4.1 Company Overview
6.4.2 Financial Overview
6.4.3 Business Strategy
6.4.4 Recent Development
6.5 Ferrellgas Partners, L.P.
6.5.1 Company Overview
6.5.2 Financial Overview
6.5.3 Business Strategy
6.6 Lykins Energy Solutions
6.6.1 Company Overview
6.6.2 Business Strategy
6.6.3 Recent Developments
6.7 Marsh LP Gas Company Inc.
6.7.1 Company Overview
6.7.2 Business Strategy
6.8 Sparlingss Propane Co. Ltd.
6.8.1 Company Overview
6.8.2 Business Strategy
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6.8.3 Recent Developments
6.9 Suburban Propane Partners LP
6.9.1 Company Overview
6.9.2 Financial Overview
6.9.3 Business Strategy
6.9.4 Recent Developments
6.10 ThompsonGas
6.10.1 Company Overview
6.10.2 Business Strategy
6.11 UGI Corporation
6.11.1 Company Overview
6.11.2 Financial Overview
6.11.3 Business Strategy
6.11.4 Recent Developments
List of Figures
FIG. 1 Propane: Market Segmentation
FIG. 2 Global Propane Market, Volume and Revenue, 2008 – 2022 (Million Tons) (USD Billion)
FIG. 3 Limit of SOx & Particulate Matter Emissions Within ECA-Established Region
FIG. 4 Value Chain Analysis of Propane Market
FIG. 5 Porter’s Five Forces Analysis
FIG. 6 Market Attractiveness Analysis of Propane Market, by Region (2013)
FIG. 7 Global Propane Market, Volume Estimates and Forecast, by Application Segment, 2013 & 2022
FIG. 8 Global Residential Propane Market, Volume and Revenue Estimates and Forecast, 2008 – 2022
(Million Tons) (USD Billion)
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FIG. 9 Global Commercial Propane Market, Volume and Revenue Estimates and Forecast, 2008 – 2022
(Million Tons) (USD Billion)
FIG. 10 Global Chemical & Refinery Propane Market, Volume and Revenue Estimates and Forecast, 2008 –
2022 (Million Tons) (USD Billion)
FIG. 11 Global Industrial Propane Market, Volume and Revenue Estimates and Forecast, 2008 – 2022
(Million Tons) (USD Billion)
FIG. 12 Global Transportation Propane Market, Volume and Revenue Estimates and Forecast, 2008 – 2022
(Million Tons) (USD Billion)
FIG. 13 Global Agricultural Propane Market, Volume and Revenue Estimates and Forecast, 2008 – 2022
(Million Tons) (USD Billion)
FIG. 14 Global Propane Market, Volume Share by Region, 2013 and 2022
FIG. 15 North America Propane Market, Volume and Revenue Estimates And Forecast, 2008 – 2022 (Million
Tons) (USD Billion)
FIG. 16 Europe Propane Market Volume and Revenue, by Application, 2008 – 2022, (Million Tons) (USD
Billion)
FIG. 17 Asia Pacific Propane Market Volume and Revenue, by Application, 2008 – 2022 (Million Tons) (USD
Billion)
FIG. 18 Middle East & Africa Propane Market Volume and Revenue, by Application, 2008 – 2022 (Million
Tons) (USD Billion)
FIG. 19 Latin America Propane Market, Volume and Revenue Estimates And Forecast, 2008 – 2022 (Million
Tons) (USD Billion)
List of Tables
TABLE 1 Global Propane Market: Snapshot
TABLE 2 Drivers of the Global Propane Market: Impact Analysis
TABLE 3 Argentina Emission Limits
TABLE 4 Brazil emission limits from cars
TABLE 5 Costa Rica Emission Limits for Vehicles < 1800 kg
TABLE 6 Chile Emission Limits on Passenger Cars
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TABLE 7 Restraints of the global propane market: Impact Analysis
TABLE 8 North America Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015
(Million Tons)
TABLE 9 North America Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022
(Million Tons)
TABLE 10 North America Propane Market, Revenue Estimates And Forecast, By Application, 2008 – 2015
(USD Billion)
TABLE 11 North America Propane Market, Revenue Estimates And Forecast, By Application, 2016 – 2022
(USD Billion)
TABLE 12 North America Propane Market, Volume Estimates And Forecast, By Country, 2008 – 2015 (Million
Tons)
TABLE 13 North America Propane Market, Volume Estimates And Forecast, By Country, 2016 – 2022 (Million
Tons)
TABLE 14 North America Propane Market, Revenue Estimates And Forecast, By Country, 2008 – 2015 (USD
Billion)
TABLE 15 North America Propane Market, Volume Estimates And Forecast, By Country, 2016 – 2022 (USD
Billion)
TABLE 16 U.S. Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015 (Million Tons)
TABLE 17 U.S. Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022 (Million Tons)
TABLE 18 Canada Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015 (Million
Tons)
TABLE 19 Canada Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022 (Million
Tons)
TABLE 20 Europe Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015 (Million
Tons)
TABLE 21 Europe Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022 (Million
Tons)
TABLE 22 Europe Propane Market, Revenue Estimates And Forecast, By Application, 2008 – 2015 (USD
Billion)
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TABLE 23 Europe Propane Market, Revenue Estimates And Forecast, By Application, 2016 – 2022 (USD
Billion)
TABLE 24 Europe Propane Market, Volume Estimates And Forecast, By Country, 2008 – 2015 (Million Tons)
TABLE 25 Europe Propane Market, Volume Estimates And Forecast, By Country, 2016 – 2022 (Million Tons)
TABLE 26 Europe Propane Market, Revenue Estimates And Forecast, By Country, 2008 – 2015 (USD Billion)
TABLE 27 Europe Propane Market, Volume Estimates And Forecast, By Country, 2016 – 2022 (USD Billion)
TABLE 28 Germany Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015 (Million
Tons)
TABLE 29 Germany Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022 (Million
Tons)
TABLE 30 Turkey Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015 (Million
Tons)
TABLE 31 Turkey Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022 (Million
Tons)
TABLE 32 U.K. Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015 (Million Tons)
TABLE 33 U.K. Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022 (Million Tons)
TABLE 34 Spain Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015 (Million Tons)
TABLE 35 Spain Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022 (Million Tons)
TABLE 36 Rest of Europe Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015
(Million Tons)
TABLE 37 Rest of Europe Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022
(Million Tons)
TABLE 38 Asia Pacific Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015 (Million
Tons)
TABLE 39 Asia Pacific Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022 (Million
Tons)
TABLE 40 Asia Pacific Propane Market, Revenue Estimates And Forecast, By Application, 2008 – 2015 (USD
Billion)
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TABLE 41 Asia Pacific Propane Market, Revenue Estimates And Forecast, By Application, 2016 – 2022 (USD
Billion)
TABLE 42 Asia Pacific Propane Market, Volume Estimates And Forecast, By Country, 2008 – 2015 (Million
Tons)
TABLE 43 Asia Pacific Propane Market, Volume Estimates And Forecast, By Country, 2016 – 2022 (Million
Tons)
TABLE 44 Asia Pacific Propane Market, Revenue Estimates And Forecast, By Country, 2008 – 2015 (USD
Billion)
TABLE 45 Asia Pacific Propane Market, Volume Estimates And Forecast, By Country, 2016 – 2022 (USD
Billion)
TABLE 46 China Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015 (Million Tons)
TABLE 47 China Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022 (Million Tons)
TABLE 48 India Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015 (Million Tons)
TABLE 49 India Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022 (Million Tons)
TABLE 50 Japan Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015 (Million Tons)
TABLE 51 Japan Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022 (Million Tons)
TABLE 52 Rest of Asia Pacific Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015
(Million Tons)
TABLE 53 Rest of Asia Pacific Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022
(Million Tons)
TABLE 54 Middle East & Africa Propane Market, Volume Estimates And Forecast, By Application, 2008 –
2015 (Million Tons)
TABLE 55 Middle East & Africa Propane Market, Volume Estimates And Forecast, By Application, 2016 –
2022 (Million Tons)
TABLE 56 Middle East & Africa Propane Market, Revenue Estimates And Forecast, By Application, 2008 –
2015 (USD Billion)
TABLE 57 Middle East & Africa Propane Market, Revenue Estimates And Forecast, By Application, 2016 –
2022 (USD Billion)
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TABLE 58 Middle East & Africa Propane Market, Volume Estimates And Forecast, By Country, 2008 – 2015
(Million Tons)
TABLE 59 Middle East & Africa Propane Market, Volume Estimates And Forecast, By Country, 2016 – 2022
(Million Tons)
TABLE 60 Middle East & Africa Propane Market, Revenue Estimates And Forecast, By Country, 2008 – 2015
(USD Billion)
TABLE 61 Middle East & Africa Propane Market, Volume Estimates And Forecast, By Country, 2016 – 2022
(USD Billion)
TABLE 62 Saudi Arabia Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015
(Million Tons)
TABLE 63 Saudi Arabia Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022
(Million Tons)
TABLE 64 Iran Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015 (Million Tons)
TABLE 65 Iran Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022 (Million Tons)
TABLE 66 Angola Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015 (Kilo Tons)
TABLE 67 Angola Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022 (Kilo Tons)
TABLE 68 Rest of Middle East & Africa Propane Market, Volume Estimates And Forecast, By Application,
2008 – 2015 (Million Tons)
TABLE 69 Rest of Middle East & Africa Propane Market, Volume Estimates And Forecast, By Application,
2016 – 2022 (Million Tons)
TABLE 70 Latin America Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015
(Million Tons)
TABLE 71 Latin America Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022
(Million Tons)
TABLE 72 Latin America Propane Market, Revenue Estimates And Forecast, By Application, 2008 – 2015
(USD Billion)
TABLE 73 Latin America Propane Market, Revenue Estimates And Forecast, By Application, 2016 – 2022
(USD Billion)
TABLE 74 Latin America Propane Market, Volume Estimates And Forecast, By Country, 2008 – 2015 (Million
Tons)
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TABLE 75 Latin America Propane Market, Volume Estimates And Forecast, By Country, 2016 – 2022 (Million
Tons)
TABLE 76 Latin America Propane Market, Revenue Estimates And Forecast, By Country, 2008 – 2015 (USD
Billion)
TABLE 77 Latin America Propane Market, Volume Estimates And Forecast, By Country, 2016 – 2022 (USD
Billion)
TABLE 78 Brazil Propane Market, Volume Estimates And Forecast, By Application, 2008 – 2015 (Million Tons)
TABLE 79 Brazil Propane Market, Volume Estimates And Forecast, By Application, 2016 – 2022 (Million Tons)
TABLE 80 Rest of Latin America Propane Market, Volume Estimates And Forecast, By Application, 2008 –
2015 (Million Tons)
TABLE 81 Rest of Latin America Propane Market, Volume Estimates And Forecast, By Application, 2016 –
2022 (Million Tons)
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The global propane market is the subject of analysis of a new market research report published by Transparency Market Research (TMR) , states that the market will expand at a moderate 3.56% CAGR over the report’s forecast period and value US$145.82 bn by 2022. In-depth research report on Propane Market with Full TOC at : http://www.transparencymarketresearch.com/propane-market.html The cleaner nature of propane as compared to other oils is a chief factor leading to its increased and constantly rising demand on a global front. Analysts suggest that the rising applications of propane in domestic segments and the transport industry are gradually making it the primary fuel worldwide. The continuously rising demand for new, efficient, and cleaner energy sources from the increasing global population and an improved awareness about the effects of a number of petrochemical fuels on the environment are factors expected to boost demand for propane in the coming years.