Propane Market by End User - Global Industry Analysis and Forecast to 2023

Published On : April 2018 Pages : 80 Category: Advanced Materials Report Code : CM04701

The Propane Market was worth USD 118.56 billion in 2014 and is expected to reach approximately USD 157.56 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 3.21% during the forecast period. Expanding demand of energy has created high usage in commercial and industrial sector which is a key development driving element for the industry. Propane is a rational part of all around rising business end-use industry. Besides energy it is likewise used as a moderate product for creation of propylene and ethylene. Expanding applications in different businesses alongside developing interest for higher productivity energizes in car and enterprises are major development drivers.

End User Outlook and Trend Analysis

Industrial developed as a main end-use section and represented more than 37.7% of aggregate income in 2016. Development of metal manufacturing division, especially in Middle Eastern and Asian economies, is touted as a key request driver for the mechanical area in the following years.

Regional Outlook and Trend Analysis

Europe was the main district and represented more than 29.8% of the aggregate income in 2016. Rising economies in area, especially in Eastern Europe, have been enrolling solid financial development. Populace development and bettering expectations for everyday comforts might shape the future demand course in the locale.

Competitive Insights

The leading players in the market are ExxonMobil, Total S.A, Royal Dutch Shell, Sinopec, BP and Chevron Corporation. Application development and modified end-uses are foreseen to be key parameter for being competitive, with mergers and acquisitions and limit development being embraced as an endeavour to broaden end-use portfolio and pick up share of the market.

The Propane Market is segmented as follows-

By End User:

  • Industrial
  • Residential
  • Agriculture
  • Commercial
  • Transportation
  • Chemicals and Refineries

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Columbia
    • South Africa
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of MEA

Some of the key questions answered by the report are:

  • What was the market size in 2014 and forecast from 2015 to 2023?
  • What will be the industry market growth from 2015 to 2023?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

·         Propane Market, By End User, Estimates and Forecast, 2014-2023($Million)

·         Industrial

·         Commercial

·         Residential

·         Transportation

·         Agriculture

·         Chemicals and Refineries

·         Propane Market, By Region, Estimates and Forecast, 2014-2023($Million)

o    North America

§  North America Propane Market, By Country

o    U.S. Propane Market

o    Canada Propane Market

o    Mexico Propane Market

o    Europe

§  Europe Propane Market, By Country

o    Germany Propane Market

o    UK Propane Market

o    France Propane Market

o    Russia Propane Market

o    Italy Propane Market

o    Rest of Europe Propane Market

o    Asia-Pacific

§  Asia-Pacific Propane Market, By Country

o    China Propane Market

o    Japan Propane Market

o    South Korea Propane Market

o    India Propane Market

o    Southeast Asia Propane Market

o    Rest of Asia-Pacific Propane Market

o    South America

§  South America Propane Market

o    Brazil Propane Market

o    Argentina Propane Market

o    Columbia Propane Market

o    South Africa Propane Market

o    Rest of South America Propane Market

o    Middle East and Africa

§  Middle East and Africa Propane Market

o    Saudi Arabia Propane Market

o    UAE Propane Market

o    Egypt Propane Market

o    Nigeria Propane Market

o    South Africa Propane Market

o    Rest of MEA Propane Market

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

1.2.1.  Secondary Research

1.2.2.  Primary Research

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.1.1.    Increasing Residential Demand

3.2.1.2.    Growing Propane-Based Agricultural Engines Industry

3.2.2.  Restraints

3.2.2.1.    Natural Gas Giving Stiff Competition to Propane

3.2.3.  Opportunities

3.2.3.1.    Emerging Markets to Offer Lucrative Growth Opportunities

4.       Market Analysis by Regions

4.1.       North America (United States, Canada and Mexico)

4.1.1.  United States Market States and Outlook (2014-2023)

4.1.2.  Canada Market States and Outlook (2014-2023)

4.1.3.  Mexico Market States and Outlook (2014-2023)

4.2.       Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

4.2.1.  Germany Market States and Outlook (2014-2023)

4.2.2.  France Market States and Outlook (2014-2023)

4.2.3.  UK Market States and Outlook (2014-2023)

4.2.4.  Russia Market States and Outlook (2014-2023)

4.2.5.  Italy Market States and Outlook (2014-2023)

4.2.6.  Rest of Europe Market States and Outlook (2014-2023)

4.3.       Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)

4.3.1.  China Market States and Outlook (2014-2023)

4.3.2.  Japan Market States and Outlook (2014-2023)

4.3.3.  Korea Market States and Outlook (2014-2023)

4.3.4.  India Market States and Outlook (2014-2023)

4.3.5.  Rest of Asia-Pacific Market States and Outlook (2014-2023)

4.4.       South America (Brazil, Argentina, Columbia and Rest of South America)

4.4.1.  Brazil Market States and Outlook (2014-2023)

4.4.2.  Argentina Market States and Outlook (2014-2023)

4.4.3.  Columbia Market States and Outlook (2014-2023)

4.4.4.  Rest of South America Market States and Outlook (2014-2023)

4.5.       Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)

4.5.1.  Saudi Arabia Market States and Outlook (2014-2023)

4.5.2.  UAE Market States and Outlook (2014-2023)

4.5.3.  Egypt Market States and Outlook (2014-2023)

4.5.4.  Nigeria Market States and Outlook (2014-2023)

4.5.5.  South Africa Market States and Outlook (2014-2023)

4.5.6.  Rest of MEA Market States and Outlook (2014-2023)

5.       Propane Market, By End User

5.1.       Introduction

5.2.       Global Propane Sales, Revenue and Market Share by End User (2014-2017)

5.2.1.  Global Propane Sales and Sales Share by End User (2014-2017)

5.2.2.  Global Propane Revenue and Revenue Share by End User (2014-2017)

5.3.       Propane Market  Assessment and Forecast, By End User, 2014-2023

5.4.       Industrial

5.4.1.  Global Industrial Sales and Growth Rate (2014-2018)

5.5.       Commercial

5.5.1.  Global Commercial Sales and Growth Rate (2014-2018)

5.6.       Residential

5.6.1.  Global Residential Sales and Growth Rate (2014-2018)

5.7.       Transportation

5.7.1.  Global Transportation Sales and Growth Rate (2014-2018)

5.8.       Agriculture

5.8.1.  Global Agriculture Sales and Growth Rate (2014-2018)

5.9.       Chemicals and Refineries

5.9.1.  Global Chemicals and Refineries  Sales and Growth Rate (2014-2018)

6.       Propane Market, By Region

6.1.       Introduction

6.2.       Global Propane Sales, Revenue and Market Share by Regions

6.2.1.  Global Propane Sales by Regions (2014-2018)

6.2.2.  Global Propane Revenue by Regions (2014-2018)

6.3.       North America Propane by Countries

6.3.1.  North America Propane Sales and Growth Rate (2014-2018)

6.3.2.  North America Propane Revenue and Growth Rate (2014-2018)

6.3.3.  North America Propane Sales by Countries (2014-2018)

6.3.4.  North America Propane Revenue (Million USD) by Countries (2014-2018)

6.3.5.  U.S.

6.3.5.1.    United States Propane Sales and Growth Rate (2014-2018)

6.3.5.2.    United States Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.3.6.  Canada

6.3.6.1.    Canada Propane Sales and Growth Rate (2014-2018)

6.3.6.2.    Canada Propane Sales (Millions USD) and Growth Rate (2014-2018)

6.3.7.  Mexico

6.3.7.1.    Mexico Propane Sales and Growth Rate (2014-2018)

6.3.7.2.    Mexico Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.4.       Europe Propane by Countries

6.4.1.  Europe Propane Sales and Growth Rate (2014-2018)

6.4.2.  Europe Propane Revenue and Growth Rate (2014-2018)

6.4.3.  Europe Propane Sales by Countries (2014-2018)

6.4.4.  Europe Propane Revenue (Million USD) by Countries (2014-2018)

6.4.5.  Germany

6.4.5.1.    Germany Propane Sales and Growth Rate (2014-2018)

6.4.5.2.    Germany Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.4.6.  UK

6.4.6.1.    UK Propane Sales and Growth Rate (2014-2018)

6.4.6.2.    UK Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.4.7.  France

6.4.7.1.    France Propane Sales and Growth Rate (2014-2018)

6.4.7.2.    France Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.4.8.  Russia

6.4.8.1.    Russia Propane Sales and Growth Rate (2014-2018)

6.4.8.2.    Russia Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.4.9.  Italy

6.4.9.1.    Italy Propane Sales and Growth Rate (2014-2018)

6.4.9.2.    Italy Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.4.10.      Rest of Europe

6.4.10.1. Rest of Europe Propane Sales and Growth Rate (2014-2018)

6.4.10.2. Rest of Europe Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.5.       Asia-Pacific

6.5.1.  Asia-Pacific Propane Sales and Growth Rate (2014-2018)

6.5.2.  Asia-Pacific Propane Revenue and Growth Rate (2014-2018)

6.5.3.  Asia-Pacific Propane Sales by Countries (2014-2018)

6.5.4.  Asia-Pacific Propane Revenue (Million USD) by Countries (2014-2018)

6.5.5.  China

6.5.5.1.    China Propane Sales and Growth Rate (2014-2018)

6.5.5.2.    China Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.5.6.  Japan

6.5.6.1.    Japan Propane Sales and Growth Rate (2014-2018)

6.5.6.2.    Japan Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.5.6.3.     

6.5.7.  Korea

6.5.7.1.    Korea Propane Sales and Growth Rate (2014-2018)

6.5.7.2.    Korea Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.5.8.  India

6.5.8.1.    India Propane Sales and Growth Rate (2014-2018)

6.5.8.2.    India Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.5.9.  Southeast Asia

6.5.9.1.    Southeast Asia Propane Sales and Growth Rate (2014-2018)

6.5.9.2.    Southeast Asia Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.5.10.      Rest of Asia-Pacific

6.5.10.1. Rest of Asia-Pacific Propane Sales and Growth Rate (2014-2018)

6.5.10.2. Rest of Asia-Pacific Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.6.       South America

6.6.1.  South America Propane Sales and Growth Rate (2014-2018)

6.6.2.  South America Propane Revenue and Growth Rate (2014-2018)

6.6.3.  South America Propane Sales by Countries (2014-2018)

6.6.4.  South America Propane Revenue (Million USD) by Countries (2014-2018)

6.6.5.  Brazil

6.6.5.1.    Brazil Propane Sales and Growth Rate (2014-2018)

6.6.5.2.    Brazil Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.6.6.  Argentina

6.6.6.1.    Argentina Propane Sales and Growth Rate (2014-2018)

6.6.6.2.    Argentina Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.6.7.  Columbia

6.6.7.1.    Columbia Propane Sales and Growth Rate (2014-2018)

6.6.7.2.    Columbia Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.6.8.  Rest of South America

6.6.8.1.    Rest of South America Propane Sales and Growth Rate (2014-2018)

6.6.8.2.    Rest of South America Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.7.       Middle East and Africa

6.7.1.  Middle East and Africa Propane Sales and Growth Rate (2014-2018)

6.7.2.  Middle East and Africa Propane Revenue and Growth Rate (2014-2018)

6.7.3.  Middle East and Africa Propane Sales by Countries (2014-2018)

6.7.4.  Middle East and Africa Propane Revenue (Million USD) by Countries (2014-2018)

6.7.5.  Saudi Arabia

6.7.5.1.    Saudi Arabia Propane Sales and Growth Rate (2014-2018)

6.7.5.2.    Saudi Arabia Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.7.6.  United Arab Emirates

6.7.6.1.    United Arab Emirates Propane Sales and Growth Rate (2014-2018)

6.7.6.2.    United Arab Emirates Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.7.7.  Egypt

6.7.7.1.    Egypt Propane Sales and Growth Rate (2014-2018)

6.7.7.2.    Egypt Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.7.8.  Nigeria

6.7.8.1.    Nigeria Propane Sales and Growth Rate (2014-2018)

6.7.8.2.    Nigeria Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.7.9.  South Africa

6.7.9.1.    South Africa Propane Sales and Growth Rate (2014-2018)

6.7.9.2.    South Africa Propane Revenue (Millions USD) and Growth Rate (2014-2018)

6.7.10.      Rest of Middle East and Africa

6.7.10.1. Rest of Middle East and Africa Propane Sales and Growth Rate (2014-2018)

6.7.10.2. Rest of Middle East and Africa Propane Revenue (Millions USD) and Growth Rate (2014-2018)

7.       Company Profiles

7.1.       Exxon Mobil

7.1.1.  Business Overview

7.1.2.  Product Portfolio

7.1.3.  Strategic Developments

7.1.4.  Propane Sales, Revenue and Market Share

7.2.        BP P.L.C. (British Petroleum)

7.2.1.  Business Overview

7.2.2.  Product Portfolio

7.2.3.  Strategic Developments

7.2.4.  Propane Sales, Revenue and Market Share

7.3.       Chevron Corp.

7.3.1.  Business Overview

7.3.2.  Product Portfolio

7.3.3.  Strategic Developments

7.3.4.  Propane Sales, Revenue and Market Share

7.4.       Royal Dutch Shell

7.4.1.  Business Overview

7.4.2.  Product Portfolio

7.4.3.  Strategic Developments

7.4.4.  Propane Sales, Revenue and Market Share

7.5.       Total SA

7.5.1.  Business Overview

7.5.2.  Product Portfolio

7.5.3.  Strategic Developments

7.5.4.  Propane Sales, Revenue and Market Share

7.6.       Sinopec

7.6.1.  Business Overview

7.6.2.  Product Portfolio

7.6.3.  Strategic Developments

7.6.4.  Propane Sales, Revenue and Market Share

7.7.       Statoil ASA

7.7.1.  Business Overview

7.7.2.  Product Portfolio

7.7.3.  Strategic Developments

7.7.4.  Propane Sales, Revenue and Market Share

7.8.       Anadarko Petroleum Corp.

7.8.1.  Business Overview

7.8.2.  Product Portfolio

7.8.3.  Strategic Developments

7.8.4.  Propane Sales, Revenue and Market Share

7.9.       ConocoPhillips

7.9.1.  Business Overview

7.9.2.  Product Portfolio

7.9.3.  Strategic Developments

7.9.4.  Propane Sales, Revenue and Market Share

7.10.    Eni S.p.A

7.10.1.      Business Overview

7.10.2.      Product Portfolio

7.10.3.      Strategic Developments

7.10.4.      Propane Sales, Revenue and Market Share

8.       Global Propane Market Competition, by Manufacturer

8.1.       Global Propane Sales and Market Share by Manufacturer (2016-2017)

8.2.       Global Propane Revenue and Market Share by Manufacturer (2016-2017)

8.3.       Top 5 Propane Manufacturer Market Share

8.4.       Market Competition Trend

9.       Propane Market Forecast (2018-2023)

9.1.       Global Propane Sales, Revenue (Millions USD) and Growth Rate (2018-2023)

9.2.       Propane Market Forecast by Regions (2018-2023)

9.2.1.  North America Propane Market Forecast (2018-2023)

9.2.1.1.    United States Propane Market Forecast (2018-2023)

9.2.1.2.    Canada Propane Market Forecast (2018-2023)

9.2.1.3.    Mexico Propane Market Forecast (2018-2023)

9.2.2.  Europe Propane Market Forecast (2018-2023)

9.2.2.1.    Germany Propane Market Forecast (2018-2023)

9.2.2.2.    United Kingdom Propanes Market Forecast (2018-2023)

9.2.2.3.    France Propane Market Forecast (2018-2023)

9.2.2.4.    Russia Propane Market Forecast (2018-2023)

9.2.2.5.    Italy Propane Market Forecast (2018-2023)

9.2.2.6.    Rest of the Europe Propane Market Forecast (2018-2023)

9.2.3.  Asia-Pacific Propane Market Forecast (2018-2023)

9.2.3.1.    China Propane Market Forecast (2018-2023)

9.2.3.2.    Japan Propane Market Forecast (2018-2023)

9.2.3.3.    Korea Propane Market Forecast (2018-2023)

9.2.3.4.    India Propane Market Forecast (2018-2023)

9.2.3.5.    Southeast Asia Propane Market Forecast (2018-2023)

9.2.3.6.    Rest of Asia-Pacific Propane Market Forecast (2018-2023)

9.2.4.  South America Propane Market Forecast (2018-2023)

9.2.4.1.    Brazil Propane Market Forecast (2018-2023)

9.2.4.2.    Argentina Propane Market Forecast (2018-2023)

9.2.4.3.    Columbia Propane Market Forecast (2018-2023)

9.2.4.4.    Rest of South America Propane Market Forecast (2018-2023)

9.2.5.  Middle East and Africa Propane Market Forecast (2018-2023)

9.2.5.1.    Saudi Arabia Propane Market Forecast (2018-2023)

9.2.5.2.    UAE Propane Market Forecast (2018-2023)

9.2.5.3.    Egypt Propane Market Forecast (2018-2023)

9.2.5.4.    Nigeria Propane Market Forecast (2018-2023)

9.2.5.5.    South Africa Propane Market Forecast (2018-2023)

9.2.5.6.    Rest of MEA Propane Market Forecast (2018-2023)

9.3.       Propane Market Forecast by End User (2018-2023)

9.3.1.  Global Propane Sales Forecast by End User (2018-2023)

9.3.2.  Global Propane Sales Market Share Forecast by End User (2018-2023)

List of Tables and Figures

*You can glance through the list of Tables and Figures when you view the sample copy of Propane Market.


List of Tables

*You can glance through the list of Tables and Figures when you view the sample copy of Propane Market.


Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

License Type

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