Quick Summary:
In an increasingly energy-conscious global economy, the propane market presents a dynamic and promising opportunity for growth. As the viability and necessity of propane continue to gain traction globally, the resulting surge in demand creates a lucrative business opportunity, reflected by a projected market value of US$161.8 Billion by 2030. With significant growth rates forecasted in major economies such as the U.S and China, seizing the momentum in these expanding markets could establish a strong foothold for your enterprise in the sector.
Our extensive Global Propane Market research report provides an in-depth investigation into these flourishing segments. You will receive comprehensive data on the residential and commercial propane market, including the pivotal forces shaping their trajectories. Get an edge over the competition with fully vetted market presence data, global competitiveness metrics, and thorough competitor analysis. Furthermore, benefit from complimentary updates for one year, ensuring you stay informed of the latest industry shifts and projections. Take your enterprise's strategic planning to the next level with our invaluable insights.
Global Propane Market to Reach $161.8 Billion by 2030
The global market for Propane estimated at US$133.6 Billion in the year 2022, is projected to reach a revised size of US$161.8 Billion by 2030, growing at a CAGR of 2.4% over the analysis period 2022-2030. Residential, one of the segments analyzed in the report, is projected to record 2.7% CAGR and reach US$16.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Commercial segment is readjusted to a revised 2.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $35.6 Billion, While China is Forecast to Grow at 4.4% CAGR
The Propane market in the U.S. is estimated at US$35.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$33.6 Billion by the year 2030 trailing a CAGR of 4.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.Select Competitors (Total 91 Featured) -
- AmeriGas Propane, Inc.
- Anadarko Petroleum Corporation
- DCC plc
- Lykins Energy Solution
- Marsh LP Gas Company Inc.
- Sparlingss Propane Co. Ltd.
- Suburban Propane Partners LP
- ThompsonGas
- UGI Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Propane?
What is the growth rate of the Global Market for Propane?
What is the forecasted size of the Global Market for Propane?
Who are the key companies in the Global Market for Propane?
| Report Attribute | Details |
|---|---|
| No. of Pages | 219 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 133.6 Billion |
| Forecasted Market Value ( USD | $ 161.8 Billion |
| Compound Annual Growth Rate | 2.4% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- AmeriGas Propane, Inc.
- Anadarko Petroleum Corporation
- DCC plc
- Lykins Energy Solution
- Marsh LP Gas Company Inc.
- Sparlingss Propane Co. Ltd.
- Suburban Propane Partners LP
- ThompsonGas
- UGI Corporation
