|
|
(Transportation-News.com, September 18, 2018 ) 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.
Request for Free Sample@ https://www.qurateresearch.com/report/sample/CnM/QBI-CMR-CnM-54474
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 endeavor to broaden end-use portfolio and pick up share of the market.
Enquiry About Report@ https://www.qurateresearch.com/report/enquiry/CnM/QBI-CMR-CnM-54474
The Propane Market is segmented as follows-
By End User:
Industrial
Residential
Agriculture
Commercial
Transportation
Chemicals and Refineries
By Region
North America
The 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
The Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Click on the link to Buy Now@ https://www.qurateresearch.com/report/buy/CnM/QBI-CMR-CnM-54474
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?
Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
|
