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...