The study covers a detailed analysis segmented by key business segments i.e. , by application (Industrial, Commercial, Residential, Transportation, Agriculture and Chemicals and Refineries ) and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Propane market throughout the predicted period.
What is Propane?
Propane is also known as liquefied petroleum gas, or LPG is a gas generally compressed as a liquid. It is colorless, nontoxic, and almost odorless; a detecting fragrance is added so it can be detected. Propane is commonly used for space and water heating, cooking, and as fuel for engine applications such as farm irrigation engines, fleet vehicles, and buses; however, its applications are quickly growing due to new technology developments. Propane is manufactured as a by-product of natural gas processing and crude oil refining. Propane accounts for about 2% of the energy used in the United States. Propane is mainly a by-product of domestic natural gas processing, though some propane is formed from crude oil modification. U.S. propane supplies are becoming gradually abundant due in large part to increased supplies of natural gas. Governments of countries like India and China have introduced numerous campaigns that shall boost the application of LPG. These initiatives are the major factors that shall push the domination of Asia Pacific on market to new level in 2019 to 2027.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Propane market analysis report suggests strategies Manufacturers can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, including:
- Saudi Aramco (Saudi Arabia)
- BP p.l.c. (United Kingdom)
- Chevron corporation (United States)
- ConocoPhillips Company (United States)
- Eni SpA (Italy)
- Exxon Mobil Corporation (United States)
- Gazprom (Germany)
- Royal Dutch Shell PLC (Netherlands)
- China National Petroleum Corporation (PetroChina) (China)
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Increasing Investment on Product Development & Research, Technological Advancement
- Harmful Effects of Propane at Higher Concentrations
Rapid Industrialization In Developing Countries and Increasing Demand Of Liquefied Propane Gas
Key highlights of the Global Propane market Study:
CAGR of the market during the forecast period 2020-2026
Detailed information on factors that will accelerate the growth of the Propane market for the next five years.
Forecast of the Global Propane market size and its contribution to the parent market by type, application and by country.
Insights on upcoming trends and changes in consumer behaviour
Uncovering markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Propane Manufacturers
Customization in the Report Available:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Propane market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Propane market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Propane Providers, Suppliers of Propane, End-User Industry, Regulatory Bodies and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.