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市场调查报告书
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1987515

丙烷市场规模、份额、趋势和预测：按形态、等级、最终用途行业和地区划分，2026-2034年

Propane Market Size, Share, Trends and Forecast by Form, Grade, End Use Industry, and Region, 2026-2034
出版日期: | 出版商: IMARC | 英文 144 Pages | 商品交期: 2-3个工作天内

价格

2025年，全球丙烷市场规模达1.938亿吨。展望未来，IMARC集团预测，到2034年，市场规模将达到2.605亿吨，2026年至2034年的复合年增长率（CAGR）为3.24%。目前，亚太地区占据市场主导地位，预计2025年市占率将超过51.2%。推动市场成长的主要因素包括：工业应用的不断扩展、能源需求的成长、受原油价格和地缘政治事件影响的供应趋势，以及向清洁能源来源的持续转型。

全球丙烷市场的主要驱动力是住宅、工业和商业领域对清洁高效能源来源日益增长的需求。由于丙烷温室气体排放较低，其作为传统石化燃料替代品的应用正在推动市场成长。此外，丙烷在农业领域的应用日益广泛，例如作物烘干和灌溉，也进一步支撑了市场需求。同时，丙烷动力车辆的普及以及携带式加热和烹饪设备的科技进步，正在拓展丙烷的应用范围。 2024年10月25日，费城学区向Bluebird公司订购了38辆丙烷动力校车，以服务218所学校的约20万名学生。这些C型校车单次加註丙烷燃料即可行驶300英里，运送42名学生，与柴油校车相比，排放减少96%。该学区预计每辆校车每年可节省3,700美元的燃料和维修成本，15年总合210万美元。政府鼓励使用液化石油气（LPG）的奖励以及支持向清洁能源转型的有利法规，显着促进了市场扩张。此外，都市化和工业化的进程也对推动全球丙烷消费起着至关重要的作用。

美国作为重要的区域市场脱颖而出，这主要归功于其对能源独立的高度重视以及丰富的页岩气蕴藏量。天然气加工和原油炼製带来的丙烷产量成长确保了稳定且经济高效的供应。此外，丙烷作为家用暖气系统、热水器和紧急发电机的动力来源广泛，推动了住宅领域的需求。在农业领域，丙烷被广泛用于谷物烘干和除草，进一步促进了市场成长。另一个主要驱动因素是丙烷作为车队车辆汽车燃气的普及，尤其是在农村地区和远离电网的地区。此外，政府推广替代燃料的措施以及全国丙烷基础设施的扩建也推动了市场的动态。

丙烷市场趋势：

能源需求与能源转型

向更永续、更清洁的能源来源转型加速推动了丙烷市场的发展。因此，碳排放较低的丙烷在住宅供暖、烹饪和交通运输领域的需求日益增长，逐渐取代煤炭和石油，进一步促进了市场成长。例如，在美国，约有1,200万户家庭使用丙烷作为主要供暖能源，约五分之一的移动房屋也使用丙烷供暖。此外，根据美国能源资讯署（EIA）的数据，住宅用丙烷的价格为每加仑2.825美元。同时，丙烷在空调、热水、烹饪、食品冷藏、衣物烘干、照明和壁炉燃料等各种应用领域的需求不断增长，也提振了市场前景。例如，Suburban Propane Partners LP宣布延长与U-Haul的合同，继续向加州供应环保可再生丙烷。

工业用途和石油化学需求

石油化学工业的扩张以及对丙烷作为化学品、塑胶和其他必需材料生产原料的需求不断增长，推动了丙烷市场近期的发展机会。此外，丙烷在供暖、烹饪、热水供应以及堆高机、机械和车辆燃料等多种商业和工业应用领域的需求不断增长，也促进了市场成长。例如，北美是全球最大的液化石油气（LPG）生产地，其产量占全球液化石油气总产量的最大份额。此外，根据联合国的数据，美国液态天然气的产量约为151,604公吨，位居世界前列。另外，根据英国石油公司（BP）发布的《世界能源统计评论》，全球液态天然气日产量为12,047,000桶，过去十年年均增长率为3.2%，年均总增长率为2.2%。

市场动态和供应因素

地缘政治事件、原油价格波动和供应中断是推动丙烷市场需求的主要因素。因此，气候变化，尤其是在丙烷是供暖必需燃料的寒冷地区，正在促进市场成长。此外，丙烷供应商和经销商越来越注重优化供应链营运、物流和仓储设施，以确保为客户提供可靠且高效的燃料供应，也有助于全球市场的復苏。例如，KBR与埃克森美孚催化剂和许可有限公司（简称「埃克森美孚」）合作，共同推进丙烷脱氢（PDH）技术的重大进步。根据这项合作协议，埃克森美孚的新型专有触媒技术与KBR的专有K-PRO丙烷脱氢（PDH）技术相结合，实现了丙烷转化为丙烯。此外，Enterprise Products Partners宣布计划扩建其在二迭纪盆地的天然气液（NGL）管道系统，并新建两座加工厂，以满足该盆地持续增长的产量需求。该公司计划透过连接新管道形成环路并维修现有泵站，扩大 Syn-Oak NGL 管道基础设施。此次扩建初期将使处理能力提升至每日 27.5 万桶，预计 2024 年完工。

目录

第一章：序言

第二章：调查方法

  • 调查目的
  • 相关利益者
  • 数据来源
    • 主要讯息
    • 二手资讯
  • 市场估值
    • 自下而上的方法
    • 自上而下的方法
  • 调查方法

第三章执行摘要

第四章：引言

第五章：全球丙烷市场

  • 市场概览
  • 市场表现
  • 新冠疫情的影响
  • 市场预测

第六章 市场区隔：依形式

  • 液体
  • 气体

第七章 市场区隔：依年级划分

  • HD-5 丙烷
  • HD-10 丙烷
  • 商用丙烷

第八章 市场区隔：依最终用途产业划分

  • 住宅
  • 商业的
  • 运输
  • 其他的

第九章 市场区隔：依地区划分

  • 北美洲
    • 我们
    • 加拿大
  • 亚太地区
    • 中国
    • 日本
    • 印度
    • 韩国
    • 澳洲
    • 印尼
    • 其他的
  • 欧洲
    • 德国
    • 法国
    • 英国
    • 义大利
    • 西班牙
    • 俄罗斯
    • 其他的
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他的
  • 中东和非洲

第十章 SWOT 分析

第十一章：价值链分析

第十二章：波特五力分析

第十三章：价格分析

第十四章 竞争格局

  • 市场结构
  • 主要企业
  • 主要企业简介
    • Air Liquide SA
    • BP plc
    • Chevron Corporation
    • China National Petroleum Corporation
    • China Petroleum & Chemical Corporation
    • ConocoPhillips Company
    • Eni SpA
    • Evonik Industries AG
    • Exxon Mobil Corporation
    • GAIL（India）Limited
    • Gazprom
    • Indian Oil Corporation Ltd.
    • Royal Dutch Shell plc
    • Saudi Arabian Oil Co.
    • TotalEnergies SE
Product Code: SR112026A5131

The global propane market size reached 193.8 Million Tons in 2025. Looking forward, IMARC Group estimates the market to reach 260.5 Million Tons by 2034, exhibiting a CAGR of 3.24% during 2026-2034. Asia Pacific currently dominates the market, holding a significant market share of over 51.2% in 2025 . The market is primarily driven by rising industrial applications, the escalating energy demand, supply dynamics influenced by crude oil prices and geopolitical events, and the increasing transition to cleaner energy sources.

The global propane market is primarily driven by the growing demand for clean and efficient energy sources across residential, industrial, and commercial sectors. The increasing adoption of propane as a substitute for traditional fossil fuels, due to its lower greenhouse gas emissions, is enhancing market growth. Along with this, the rising use of propane in agricultural applications, such as crop drying and irrigation, further supports its demand. Additionally, the growing popularity of propane-powered vehicles and advancements in portable heating and cooking appliances are expanding its application scope. On 25 th October 2024, the School District of Philadelphia ordered 38 propane-powered school buses from Blue Bird to support nearly 200,000 students at 218 schools. The Type C buses can carry 42 students for 300 miles on a single propane tank while reducing emissions by 96 percent compared to diesel buses. It is expected that fuel and maintenance savings will be achieved by the district annually at a rate of USD 3,700 per bus, amounting to a total of USD 2.1 million over 15 years. Government incentives promoting the use of liquefied petroleum gas (LPG) and favorable regulations supporting clean energy transition significantly contribute to the market's expansion. Rising urbanization and industrialization also play key roles in driving propane consumption worldwide.

The United States stands out as a key regional market, primarily driven by a strong emphasis on energy independence and the availability of abundant shale gas reserves. Increasing the production of propane from natural gas processing and crude oil refining ensures a stable and cost-effective supply. In addition, the versatility of propane in powering household heating systems, water heaters, and backup generators enhances its residential demand. In the agricultural sector, propane is widely used for grain drying and weed control, further fueling market growth. The rising adoption of propane as an autogas in fleet vehicles, particularly in rural and off-grid areas, is another key driver. Furthermore, government initiatives promoting alternative fuels and the expansion of propane infrastructure across the country are propelling market dynamics.

PROPANE MARKET TRENDS:

Energy Demand and Transition

The escalating transition towards more sustainable and cleaner energy sources is supporting the propane market statistics. In line with this, the increasing requirement for propane in residential heating, cooking, and transportation purposes in place of coal or oil, as it emits lower carbon gases, is bolstering the market growth further. For instance, in the United States, about 12 million households use propane as their primary heating source, and around one-fifth of mobile homes use propane for heating. Moreover, the value of residential propane stood at USD 2.825/gallon, according to the United States Energy Information Administration (EIA). Furthermore, the elevating demand for propane in various applications, such as air conditioning, heating water, cooking, refrigerating foods, drying clothes, lighting, and fueling fireplaces, is offering a positive market outlook. For example, Suburban Propane Partners LP announced the extension of its agreement with U-Haul to provide eco-friendly and renewable propane in California.

Industrial Applications and Petrochemical Demand

The expanding petrochemical sector and the escalating demand for this fuel as a feedstock for the production of chemicals, plastics, and other essential materials are bolstering the propane market recent opportunities. In addition to this, the elevating product requirement for several commercial and industrial applications, including heating, cooking, hot water generation, and as a fuel for forklifts, machinery, and vehicles is propelling the market growth forward. For instance, LPG extracted from natural gas is estimated to be the highest in North America, which contributes to the maximum percentage of LPG produced globally. Moreover, according to the United Nations Data, natural gas liquids from the United States accounted for around 151,604 metric tons, the world's highest. In addition to this, according to the BP Statistical Review of World Energy, global natural gas liquids production was at 12,047 thousand barrels per day, recording a growth rate of 2.2% and an annual increase of 3.2% over the last decade.

Market Dynamics and Supply Factors

Geopolitical events, changes in crude oil prices, and supply disruptions are primarily driving the propane market demand. In line with this, the evolving climatic conditions, especially in cold regions where this fuel is essential for heating applications, are augmenting the market growth. Moreover, propane suppliers and distributors are increasingly focusing on optimizing supply chain operations, logistics, and storage facilities to ensure the reliable and efficient delivery of this fuel to customers, which is also catalyzing the global market. For instance, KBR and ExxonMobil Catalysts and Licensing LLC ("ExxonMobil") collaborated to bring significant advancements to propane dehydrogenation (PDH) technology. Under the collaboration, ExxonMobil's new proprietary catalyst technology was combined with KBR's proprietary K-PRO Propane Dehydrogenation (PDH) technology to convert propane into propylene. Moreover, Enterprise Products Partners announced plans to extend its natural gas liquid (NGL) pipeline system in the Permian Basin and build two processing plants to accommodate the basin's continuous production expansion. The company intends to expand its Shin Oak NGL pipeline infrastructure by looping new pipelines and modifying the current pump stations. This initial extension would increase the capacity to 275,000 bpd, with completion planned in 2024.

PROPANE INDUSTRY SEGMENTATION:

Analysis by Form:

  • Liquid
  • Gas

Liquid propane, commonly referred to as LPG, is recognized for its portability and ease of storage, making it a favored choice for residential, commercial, and industrial settings. For instance, China produced 291.61 million mt of LPG, naphtha, gasoline, jet/kerosene, gasoil, and fuel oil, up 3.9% year on year, despite crude throughput falling 6.3% over the same period, as per NBS data. Furthermore, China imported 2.12 million mt of LPG, propane, and butane, in May 2022, up 7.1% month on month.

In the market, propane in its gaseous form is widely utilized for heating, cooking, and industrial processes due to its high energy efficiency and clean combustion properties. Its portability makes it ideal for off-grid applications, while its versatility supports use in both residential and commercial settings. Propane gas is a key component in energy transition strategies for sustainable energy solutions.

Analysis by Grade:

  • HD-5 Propane
  • HD-10 Propane
  • Commercial Propane

HD-5 Propane leads the market due to its high purity and compliance with stringent quality standards, making it suitable for a wide range of applications. It is defined by a minimum propane content of 90% and minimal impurities and is widely preferred for residential heating, cooking, and automotive fuel. Its consistent performance and compatibility with modern equipment ensure reliability and efficiency, driving its adoption across industrial and commercial sectors. HD-5 propane is also extensively used in agricultural operations, such as crop drying and pest control, further solidifying its demand. The growing preference for clean-burning fuels and stringent environmental regulations enhance its appeal, establishing HD-5 propane as the benchmark for premium-grade propane in the market.

Analysis by End Use Industry:

  • Residential
  • Commercial
  • Transportation
  • Others

Residential leads the market with around 50.8% of market share in 2025. The growing popularity of propane in the residential sector is driven by its distinguishing advantages and contributions to modern living. As homeowners increasingly prioritize energy efficiency and environmental responsibility, this fuel emerges as a clean-burning alternative that significantly reduces GHG emissions compared to traditional fossil fuels. Moreover, the versatility of propane in powering various residential applications, including space and water heating, cooking, and backup power generation, is augmenting the market growth. In addition to this, propane's widespread availability, mainly in areas without natural gas infrastructure, ensures consistent access to energy for households. For instance, in the United States, about 12 million households use propane as their primary heating source, and around one-fifth of mobile homes utilize propane for heating. In the first week of February 2022, the value of residential propane stood at USD 2.825/gallon, according to the United States Energy Information Administration (EIA).

Regional Analysis :

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

In 2025, Asia Pacific accounted for the largest market share of over 51.2%. Asia Pacific represents the largest region as per the propane market overview, owing to the emerging trend of industrialization, urbanization, and economic development. Furthermore, the rising need for propane in several industries, including agriculture, manufacturing, and residential heating is catalyzing the expansion of the market further. Besides this, the expanding LPG distribution networks, the extensive utilization of this compound for fulfilling the rising energy needs in rural and urban areas, and the inflating number of investments by the major companies in propane infrastructure are positively influencing the market growth in this region. For instance, Indian Oil Corp. (IOC) announced plans to construct three new plants in Northeast India to increase its LPG bottling capacity by nearly 53% or to 8 crore cylinders annually by 2030 to meet the growing demand in the region. The total investment in the plant expansion is likely to range between USD 43-46 Million. Moreover, China produced 291.61 million mt of LPG, naphtha, gasoline, jet/kerosene, gasoil, and fuel oil, up 3.9% year on year, despite crude throughput falling 6.3% over the same period, as per NBS data. It imported 2.12 million mt of LPG, propane, and butane, up 7.1% month on month.

KEY REGIONAL TAKEAWAYS:

UNITED STATES PROPANE MARKET ANALYSIS

In 2024, the US accounted for around 85.60% of the total North America propane market. Propane is a crucial source of energy in the United States. It serves as the main heating fuel for about 6.3 million households, mainly located in the Midwest and Northeast regions. In the commercial sector, establishments like restaurants and hotels use propane for heating and cooking purposes. In transportation, propane is being accepted increasingly as an alternative fuel as there are more than 20,000 propane-powered vehicles operating in the country. The U.S. government encourages propane use through incentives and grants that promote clean energy solutions, such as funds set up by the Propane Education & Research Council (PERC) for infrastructure and technology development.

Apart from home consumption, the U.S. has emerged as a significant exporting country for LPG, which covers propane. According to World Integrated Trade Solutions, U.S. LPG exports reached 2.3 million barrels per day (MMbbls/d) as of September 2023. Yearly, the figure is up by 7%. In the first nine months of 2024, on average, it was 2.2 MMbbls/d, a year-over-year growth of 10%. It is mainly because production is growing, inventories are at high levels and domestic demand is flat. However, some challenges exist, including a lag in expanding export terminal capacity to account for this growth, as some experts think that the installed terminal capacity in the U.S. may be nearing its limits. This correlation between domestic consumption and rising exports points to the critical role propane plays both in U.S. energy needs and the global market.

EUROPE PROPANE MARKET ANALYSIS

Propane has been of great importance in the energy mix of Europe, especially for residential heating and transportation. As per an industrial report, the demand for LPG in Europe was 39.87 million tonnes in 2020, and this number is estimated to increase to 69.89 million tonnes by 2030, reflecting the consistent increase in consumption by all sectors. Propane is employed as fuel in about 2.5% of all passenger cars, which would provide lower emissions and economies compared with petrol. Small split air conditioners also find some support from the European Commission in terms of employing propane to provide energy-efficient solutions.

Propane, as it is a by-product of the crude oil production process, generally mirrors trends in the oil market. Propane will be sold at a premium leading into winter, given high demand for heating fuel at that time. As with its role as a petrochemical feedstock, it adds to propane's crucial role in Europe's energy scene. Increasing demand and European Commission support are further testaments to propane's expanding application in both the residential and commercial markets.

ASIA PACIFIC PROPANE MARKET ANALYSIS

Propane consumption in the Asia Pacific region is expected to surge as a function of the growing population, rising disposable incomes, increased urbanization, and expanding demand for cooking gas and automotive vehicles.

According to an industrial report, China is the world's largest consumer of propane, accounting for nearly 20% of the global market. To meet the increasing demand in the country, China imports significant quantities of propane. In India, the consumption of propane is majorly driven by the cooking fuel market, with an average consumption of around 19-20 kg per capita. In Hong Kong, almost all taxis are autogas users, and nearly 30% of public buses are running on propane.

Northeast Asia is a region that imports propane in large quantities, with retail and petrochemical players using it as feedstock for various industrial applications. The growing demand for propane across these countries, driven by urbanization and industrial growth, underscores its critical role in supporting both residential and industrial needs. As propane demand continues to grow, the region's consumption will continue to grow with the expansion of the automotive and residential sectors.

LATIN AMERICA PROPANE MARKET ANALYSIS

Propane plays a very important role in the Latin American energy market, where it accounts for a significant share of consumption, especially in residential and commercial sectors. According to an industrial report, about 80% of LPG demand in Latin America is derived from these sectors, with Brazil being one of the countries where nearly 90% of LPG consumption comes from residential and commercial use. This makes Latin America unique among other global regions where chemical demand forms a larger share. In terms of consumption, the key countries in the region are Brazil, Argentina, Peru, and Venezuela, using an average of 1 million metric tons of propane annually. However, the region's heavy reliance on propane has made it vulnerable to global market fluctuations. Latin America's LPG market is heavily influenced by Mont Belvieu prices in the United States, with fluctuations directly impacting delivered prices across the region. Recent times have seen global price volatility caused by shifts in supply-demand dynamics and crude oil prices. For instance, in Brazil and Argentina, where the local currencies have declined, the propane prices have gone up significantly with a reflection of the international price trends. In addition, discussions on price regulation or stabilization are going on in Brazil, Chile, and Colombia as the costs rise and public anxiety over LPG price increases grows. Such interventions by governments could deter investment in infrastructure and affect the overall quality of service. Therefore, the sustainability of LPG markets in the region will be ensured by a balance of market fundamentals and political and economic pressures.

MIDDLE EAST AND AFRICA PROPANE MARKET ANALYSIS

The Middle East and Africa is a significant player in the world energy market, with 31% of global oil and 18% of gas coming from this region. This position of power in the energy world extends into the LPG market, where Saudi Arabia leads consumption in the region and significant growth in the demand for LPG will be expected from Iran and Egypt in the future, reflecting broader regional trends. The increasing residential and commercial demand along with the production of energy in the region made the Middle East and Africa the major consumer as well as producer of LPG. LPG demand will further increase in the emerging countries of Iran and Egypt which are showing a growing pattern.

COMPETITIVE LANDSCAPE:

The global propane market statistics are characterized by a dynamic competitive landscape shaped by various factors. Key players in the market include major oil and gas companies, regional energy providers, and LPG distributors. These players often engage in exploration, production, and distribution activities, influencing supply dynamics. Market competitiveness is also driven by the diverse applications of propane, ranging from residential heating and cooking to industrial processes and transportation. The growth of cleaner energy trends has prompted these companies to invest in research and development to enhance propane efficiency and environmental performance. Geopolitical events, supply disruptions, and fluctuations in crude oil prices significantly shape the competitive environment, impacting pricing and trade dynamics. Regulatory frameworks, environmental policies, and technological advancements further contribute to competitive strategies as companies strive to meet evolving market demands.

The report provides a comprehensive analysis of the competitive landscape in the propane market with detailed profiles of all major companies, including:

  • Air Liquide S.A.
  • BP plc
  • Chevron Corporation
  • China National Petroleum Corporation
  • China Petroleum & Chemical Corporation
  • ConocoPhillips Company
  • Eni S.p.A.
  • Evonik Industries AG
  • Exxon Mobil Corporation
  • GAIL (India) Limited
  • Gazprom
  • Indian Oil Corporation Ltd.
  • Royal Dutch Shell plc
  • Saudi Arabian Oil Co.
  • TotalEnergies SE

KEY QUESTIONS ANSWERED IN THIS REPORT

1. What is propane?

2. How big is the propane market?

3. What is the expected growth rate of the global propane market during 2026-2034?

4. What are the key factors driving the global propane market?

5. What is the leading segment of the global propane market based on grade?

6. What is the leading segment of the global propane market based on end use industry?

7. What are the key regions in the global propane market?

8. Who are the key players/companies in the global propane market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Propane Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Form

  • 6.1 Liquid
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Gas
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Grade

  • 7.1 HD-5 Propane
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 HD-10 Propane
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Commercial Propane
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by End Use Industry

  • 8.1 Residential
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Commercial
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Transportation
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Others
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Air Liquide S.A.
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 BP plc
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Chevron Corporation
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 China National Petroleum Corporation
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 SWOT Analysis
    • 14.3.5 China Petroleum & Chemical Corporation
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 ConocoPhillips Company
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 Eni S.p.A.
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 Evonik Industries AG
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
      • 14.3.8.4 SWOT Analysis
    • 14.3.9 Exxon Mobil Corporation
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
      • 14.3.9.4 SWOT Analysis
    • 14.3.10 GAIL (India) Limited
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 Gazprom
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
      • 14.3.11.4 SWOT Analysis
    • 14.3.12 Indian Oil Corporation Ltd.
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis
    • 14.3.13 Royal Dutch Shell plc
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
      • 14.3.13.3 Financials
    • 14.3.14 Saudi Arabian Oil Co.
      • 14.3.14.1 Company Overview
      • 14.3.14.2 Product Portfolio
      • 14.3.14.3 Financials
      • 14.3.14.4 SWOT Analysis
    • 14.3.15 TotalEnergies SE
      • 14.3.15.1 Company Overview
      • 14.3.15.2 Product Portfolio
      • 14.3.15.3 Financials
      • 14.3.15.4 SWOT Analysis

List of Figures

  • Figure 1: Global: Propane Market: Major Drivers and Challenges
  • Figure 2: Global: Propane Market: Volume Trends (in Million Tons), 2020-2025
  • Figure 3: Global: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 4: Global: Propane Market: Breakup by Form (in %), 2025
  • Figure 5: Global: Propane Market: Breakup by Grade (in %), 2025
  • Figure 6: Global: Propane Market: Breakup by End Use Industry (in %), 2025
  • Figure 7: Global: Propane Market: Breakup by Region (in %), 2025
  • Figure 8: Global: Propane (Liquid) Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 9: Global: Propane (Liquid) Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 10: Global: Propane (Gas) Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 11: Global: Propane (Gas) Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 12: Global: Propane (HD-5 Propane) Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 13: Global: Propane (HD-5 Propane) Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 14: Global: Propane (HD-10 Propane) Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 15: Global: Propane (HD-10 Propane) Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 16: Global: Propane (Commercial Propane) Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 17: Global: Propane (Commercial Propane) Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 18: Global: Propane (Residential) Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 19: Global: Propane (Residential) Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 20: Global: Propane (Commercial) Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 21: Global: Propane (Commercial) Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 22: Global: Propane (Transportation) Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 23: Global: Propane (Transportation) Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 24: Global: Propane (Other End Use Industries) Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 25: Global: Propane (Other End Use Industries) Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 26: North America: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 27: North America: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 28: United States: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 29: United States: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 30: Canada: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 31: Canada: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 32: Asia-Pacific: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 33: Asia-Pacific: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 34: China: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 35: China: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 36: Japan: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 37: Japan: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 38: India: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 39: India: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 40: South Korea: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 41: South Korea: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 42: Australia: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 43: Australia: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 44: Indonesia: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 45: Indonesia: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 46: Others: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 47: Others: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 48: Europe: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 49: Europe: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 50: Germany: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 51: Germany: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 52: France: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 53: France: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 54: United Kingdom: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 55: United Kingdom: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 56: Italy: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 57: Italy: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 58: Spain: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 59: Spain: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 60: Russia: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 61: Russia: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 62: Others: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 63: Others: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 64: Latin America: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 65: Latin America: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 66: Brazil: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 67: Brazil: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 68: Mexico: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 69: Mexico: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 70: Others: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 71: Others: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 72: Middle East and Africa: Propane Market: Volume Trends (in Million Tons), 2020 & 2025
  • Figure 73: Middle East and Africa: Propane Market: Breakup by Country (in %), 2025
  • Figure 74: Middle East and Africa: Propane Market Forecast: Volume Trends (in Million Tons), 2026-2034
  • Figure 75: Global: Propane Industry: SWOT Analysis
  • Figure 76: Global: Propane Industry: Value Chain Analysis
  • Figure 77: Global: Propane Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Propane Market: Key Industry Highlights, 2025 and 2034
  • Table 2: Global: Propane Market Forecast: Breakup by Form (in Million Tons), 2026-2034
  • Table 3: Global: Propane Market Forecast: Breakup by Grade (in Million Tons), 2026-2034
  • Table 4: Global: Propane Market Forecast: Breakup by End Use Industry (in Million Tons), 2026-2034
  • Table 5: Global: Propane Market Forecast: Breakup by Region (in Million Tons), 2026-2034
  • Table 6: Global: Propane Market: Competitive Structure
  • Table 7: Global: Propane Market: Key Players