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Propane Market Global Outlook 2019, Price Trend, Growth Rate, Latest Research News, Size Estimation, Historical Analysis and Forecast to 2023
Mar 04, 2019 (MarketersMedia via COMTEX) —
Propane Market: Information by End-use Industry (Residential Construction, Commercial Construction, Automotive and Transportations, Process Industry), and Region (Asia-Pacific, North America, Europe, Latin America, and Others) Global Forecast till 2023
The Global Propane Market has been segmented by End-Use Industry and Region.
Based on End-Use Industry, the market has been segmented into residential construction, commercial construction, process industry, agricultural, industrial machinery, automotive and transportation, and others.
In addition, the increasing scrutiny on emissions from automotive and transportation sector is expected to drive demand for propane, due to the growing need for clean and efficient fuel over traditional fuel, especially, in the developed economies such as the US and Europe.
Get Sample Copy of Propane Industry Research Report Global Forecast to 2023 @ https://www.marketresearchfuture.com/sample_request/7448
Some of the key players in the Global Propane are Ferrellgas (US), Royal Dutch Shell plc (Netherlands), Exxon Mobil Corporation (US), BP (UK), Chevron Corporation (US), Equinor ASA (Norway), Eni SpA (Italy), ConocoPhillips Company (US), Chesapeake (US), Anadarko Petroleum Corporation (US), and Canadian Natural (Canada).
Based on Region, the Global Propane Market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market in Asia-Pacific accounted for the largest value share of the global propane market on account of increased spending on the growing infrastructural development coupled with considerable increase in polymer industry.
North America is another prominent market in the Global Propane Market on account of increasing use of propane as a clean source of fuel in the construction sector and emerging application in agricultural applications in the region.
The market in Europe is expected to be stagnant with a tight supply for propane and high inclination towards naphtha feedstock in the region.
The market in Latin America and the Middle East and Africa are likely to grow at a healthy CAGR on account of increased spending on residential and commercial construction.
For More Information on this Propane Industry Global Market Report @ https://www.marketresearchfuture.com/reports/propane-market-7448
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Release ID: 488077
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