Propane Market Overview:
This Propane market study’s purpose is to give an overview of the Propane market as well as extensive market segmentation based on connection type, end-use, and geography. The report includes vital information on the market positions of the major Propane companies, as well as notable industry trends and prospects.
Propane Market Scope:
The research also focuses on the top industry players in the Global Propane market, including details such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information.
Expected Growth The propane market was valued at 166.83 million metric tons in 2021, and it is expected to reach 230.43 million metric tons by 2029 with a CAGR of 4.12% during the forecast period.
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Segmentation:
Propane is used to heat cattle shelters, grain dryers, and other heat-producing appliances in rural areas of North America and northern Australia. When propane is used for heating or grain drying, it is often stored in a huge, permanent cylinder that is refilled by a propane supply truck. In 2020, 625 million households in the United States used propane as their major source of heat.
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Key Players:
• Gazprom
• Shell
• China Petroleum & Chemical Corporation
• ExxonMobil
• Saudi Arabian Oil Company
• Chevron Corporation
• Sinopec
• Bharat Petroleum Corporation Limited
• Hindustan Petroleum Corporation Limited
• ConocoPhillips
• Sika AG
• Total SA
• Anadarko Petroleum Corporation
• Dow DuPont
• Eni S.P.A
• Others
Regional Analysis:
The study also offers a complete PESTLE analysis for each of the five regions, namely North America, Europe, Asia Pacific, the Middle East and Africa, and South America, after considering the political, economic, social, and technical Propane impacting the Propane market in these regions.
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COVID-19 Impact Analysis on Propane Market:
Customer behaviour has changed as a result of the COVID-19 epidemic in all areas of society. Industries, on the other hand, will need to revise their strategy to account for changing market supply. This report provides an overview of the COVID-19’s influence on the Propane market and will assist you in developing your business in accordance with the new industry standards.
Key Questions answered in the Propane Market Report are:
- Which product segment had the largest share in the Propane market in 2020?
- How is the competitive landscape of the Propane market?
- Which are the key factors aiding the Propane market growth?
- Which region holds the maximum share in the Propane market?
- What will be the CAGR of the Propane market during the forecast period (2021-2027)?
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