How big is the Propane Market?

The Propane Market size is expected to reach 197.24 million tons in 2024 and grow at a CAGR of 4.33% to reach 243.80 million tons by 2029. Read More

What is the current Propane Market size?

In 2024, the Propane Market size is expected to reach 197.24 million tons. Read More

Who are the key players in Propane Market?

Exxon Mobil Corporation, Gazprom, Shell Plc, Saudi Aramco and China Petroleum & Chemical Corporation (Sinopec) are the major companies operating in the Propane Market. Read More

Which is the fastest growing region in Propane Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Propane Market?

In 2024, the Asia-Pacific accounts for the largest market share in Propane Market. Read More

What years does this Propane Market cover, and what was the market size in 2023?

In 2023, the Propane Market size was estimated at 189.05 million tons. The report covers the Propane Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Propane Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Propane Market - Share, Size & Analysis

Propane Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Propane Market is segmented by end-user industry (residential, commercial, transportation, industrial, and other end-user industries) and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for the abovementioned segments in volume (kilotons).

Propane Industry Overview

The global propane gas market is fragmented in nature, owing to the presence of a vast number of natural gas producers around the world. Major oil companies (not in any particular order), such as Gazprom, China Petroleum & Chemical Corporation, ExxonMobil, Saudi Arabian Oil Co. (Saudi Aramco), and Shell PLC, lead the market in terms of propane production, owing to their vast production outputs of natural gas at several facilities around the world.