Transparency Market Research has added a New Report On "Propane Market- Global Industry Size, Market Share, Trends, Analysis And Forecasts 2012-2018".
Albany, NY -- (SBWIRE) -- 10/12/2012 -- Oil prices have shown a rapid growth from 2001 to 2008, driving the propane prices above the expectations and reducing propane’s effectiveness in many competitive markets. Oil prices in the world are also likely to continue with high volatility in the market. The propane industry had to take advantage to solidify existing markets with relatively low world oil prices. Consequently, the propane market has to deal with the consequences of higher prices to develop new markets.
Read more: Propane Market
The prices for propane are changing more rapidly than for electricity and natural gas. These rapid changes in propane prices will influence consumer perceptions about propane, which will in turn increase the level of uncertainty and risk associated with choosing propane. The propane hedging program, will help in minimizing the volatility and reducing the negate impact of price volatility on consumers. Propane-fueled engines produce less air pollution than gasoline engines. Hydrocarbon emissions are 30% to 62% lower in propane fueled engines.
The demand of propane market wedges is expected to add more than 500 million gallons per years by 2018 if the opportunities in this market are fully realized. In 2010, 8.4 million residential households consume about 5 billion gallons per year of fuel oil for heating up their homes, which is equivalent to about 7.5 billion gallons of propane. The households in Northeastern U.S., primarily in the New England states, New York, New Jersey, and Pennsylvania consumed 80 % of propane.
Browse More Market reports: Chemical And Materials Market
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Inquire before Buying OR Buy your copy of this report @: http://www.transparencymarketresearch.com/propane-market.html
90 Sate Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)