The growing demand for Propane in the residential, commercial and industrial application has played a major role in driving the Propane market across the globe.
Pune, India -- (SBWIRE) -- 02/10/2018 -- Infinium Global Research has added a new report on Global Propane Market: Trends Analysis and Forecast 2023. The report presents analysis global as well as regional markets of Propane over the period of 2015 to 2023. Moreover, the IGR-Growth Matrix given in the report provides key focus areas and investment areas the market players can focus on. The market size is presented in terms of value for the historic year 2015 and estimated for forecast period of 2017 to 2023.
The global Propane market was dominated by the Asia Pacific region followed by the North American Propane market. On the basis of countries, the U.S., China and India led the global Propane market. The growing demand for Propane in the residential, commercial and industrial application has played a major role in driving the Propane market across the globe. Similarly factors such as rapid industrialization leading to an increase in investments, new establishments for modern processed propane and properties of Propane such as nontoxic and cleanest burning fuel are some of the important factors responsible for the growth of the global Propane market.
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Furthermore, rising demand of liquefied propane gas from increasing consumers globally and increasing preference of consumers due to lower cost of propane as compare to other fuel substitutes are the key factors driving the global propane market. Furthermore, rising demand of propane from petrochemical industry for the production of plastics, fibres and cosmetics will also drive the propane market globally over the forecast period. Moreover, huge demand of propane as motor fuel from automobile industry coupled with lower cost as compare to other fuels will also drive the global propane market over the forecast period.
Propane is used for the applications such as residential, commercial, industrial, agricultural, and chemical & refinery, transportation and others. The report identifies the largest application for which Propane is used. Among the geographies Asia Pacific is expected to be the largest market for the Propane market over the Forecast period from 2017 to 2023. The report covers the analysis of global as well as regional markets of the Propane market.
Moreover the report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand globally as well as regionally. Moreover, Infinium Global Research- Growth Matrix (IGR- Growth Matrix) given in the report brings an insight on the investment areas that existing or new market players can consider.
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The report provides insights into the market using analytical tools such as Porter's five forces analysis and value chain analysis of Propane. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the Propane that will impact the demand during the forecast period.
The Infinium Global Research- Growth Matrix (IGR- Growth Matrix) provided in this report highlights key investing markets in the world. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
Complete report at: https://www.infiniumglobalresearch.com/energy_mining_infra/global_propane_market
The companies covered in the report include Marsh LP Gas Company Inc., Lykins Energy Solutions, Sparlingss Propane Co. Ltd., Ferrellgas Partners L.P., ThompsonGas, PteroChina Company Limited, Reliance Industries Ltd., AmeriGas, Shell, British Petroleum, BASF, Sinopec, PDVSA, Valero Energy Corp., ExxonMobil and Evonik.
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