세계의 프로판 시장 : 형태, 제품 유형, 그레이드, 용도별 예측(2025-2030년)

The Propane Market was valued at USD 78.28 billion in 2023, expected to reach USD 81.71 billion in 2024, and is projected to grow at a CAGR of 4.51%, to USD 106.66 billion by 2030.

The propane market, a crucial segment of the global energy sector, is witnessing varied dynamics that warrant comprehensive analysis. Propane, a byproduct of natural gas processing and petroleum refining, serves multiple sectors including residential, commercial, agricultural, and industrial applications, highlighting its vast end-use scope. The necessity of propane is heightened by its role as a clean-energy alternative, essential for heating, cooking, and as an energy source for off-grid locations. Industrial demand is driven by its use in petrochemical production, powering equipment, and as a refrigeration fluid. Growth factors include increased demand for clean and efficient energy sources, advancements in portable storage solutions enhancing transportability, and the expanding petrochemical industry. Opportunities arise from tapping into emerging markets in Asia and Africa, which are seeking diversified energy supplies and green alternatives. Further potential lies in innovations focusing on improving propane's efficiency and storage technology. However, challenges persist, notably in terms of fluctuating crude oil prices, regulatory hurdles concerning environmental impacts, and competition from other energy sources like natural gas and renewables. Limitations also arise from infrastructure inadequacies in certain regions impacting distribution and supply chain consistency. To leverage opportunities, investing in research and development to improve propane combustion efficiency and reduce emissions could position businesses favorably. Moreover, enhancing infrastructure, particularly in underdeveloped regions, would facilitate market penetration. Despite the evolving energy landscape, the propane market is characterized by a maturity in traditional sectors but holds potential for substantial growth in emerging economies through strategic innovations and policy alignment. By addressing these challenges and innovating within the existing framework, businesses can effectively capture growth opportunities in a market that balances environmental concerns with energy efficiency demands.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Propane Market

The Propane Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

• Market Drivers
  • Growing consumption of less emission producing fuel
  • Government initiatives supporting usage of propane
  • Rise in the demand for propane from petrochemical, residential and transportation sectors
• Market Restraints
  • Harmful effects associated with propane at high concentrations
• Market Opportunities
  • Emerging usage of propane in power generation
  • Rise in investments for the development of renewable propane
• Market Challenges
  • Limited availability and relatively lower combustible property of propane

Porter's Five Forces: A Strategic Tool for Navigating the Propane Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Propane Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Propane Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Propane Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Propane Market

A detailed market share analysis in the Propane Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Propane Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Propane Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Propane Market

A strategic analysis of the Propane Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Propane Market, highlighting leading vendors and their innovative profiles. These include Aditya Air Product Pvt Ltd, AmeriGas Propane, L.P., Axcel Gases, BASF SE, BP PLC, Chevron Corporation, China Petroleum & Chemical Corporation, Clariant AG, ConocoPhillips Company, DCC PLC, Eni S.p.A., Evonik Industries AG, Exxon Mobil Corporation, Marsh L.P. Gas Co. Inc., NOVEL CHEM, Orion Chem Pvt. Ltd., Reliance Industries Limited, Saudi Arabian Oil Company, ThompsonGas, LLC, TotalEnergies SE, Valero Energy Ltd, and World Kinect Corporation.

Market Segmentation & Coverage

This research report categorizes the Propane Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Based on Form, market is studied across Gas and Liquid.
• Based on Product Type, market is studied across Purity 98% and Purity 99%.
• Based on Grade, market is studied across Commercial Grade Propane, HD-10 Propane, and HD5 Propane.
• Based on Application, market is studied across Agricultural, Chemical & Refinery, Commercial, Industrial, Residential, and Transportation Fuel.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Growing consumption of less emission producing fuel
    • 5.1.1.2. Government initiatives supporting usage of propane
    • 5.1.1.3. Rise in the demand for propane from petrochemical, residential and transportation sectors
  • 5.1.2. Restraints
    • 5.1.2.1. Harmful effects associated with propane at high concentrations
  • 5.1.3. Opportunities
    • 5.1.3.1. Emerging usage of propane in power generation
    • 5.1.3.2. Rise in investments for the development of renewable propane
  • 5.1.4. Challenges
    • 5.1.4.1. Limited availability and relatively lower combustible property of propane
• 5.2. Market Segmentation Analysis
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. Propane Market, by Form

• 6.1. Introduction
• 6.2. Gas
• 6.3. Liquid

7. Propane Market, by Product Type

• 7.1. Introduction
• 7.2. Purity 98%
• 7.3. Purity 99%

8. Propane Market, by Grade

• 8.1. Introduction
• 8.2. Commercial Grade Propane
• 8.3. HD-10 Propane
• 8.4. HD5 Propane

9. Propane Market, by Application

• 9.1. Introduction
• 9.2. Agricultural
• 9.3. Chemical & Refinery
• 9.4. Commercial
• 9.5. Industrial
• 9.6. Residential
• 9.7. Transportation Fuel

10. Americas Propane Market

• 10.1. Introduction
• 10.2. Argentina
• 10.3. Brazil
• 10.4. Canada
• 10.5. Mexico
• 10.6. United States

11. Asia-Pacific Propane Market

• 11.1. Introduction
• 11.2. Australia
• 11.3. China
• 11.4. India
• 11.5. Indonesia
• 11.6. Japan
• 11.7. Malaysia
• 11.8. Philippines
• 11.9. Singapore
• 11.10. South Korea
• 11.11. Taiwan
• 11.12. Thailand
• 11.13. Vietnam

12. Europe, Middle East & Africa Propane Market

• 12.1. Introduction
• 12.2. Denmark
• 12.3. Egypt
• 12.4. Finland
• 12.5. France
• 12.6. Germany
• 12.7. Israel
• 12.8. Italy
• 12.9. Netherlands
• 12.10. Nigeria
• 12.11. Norway
• 12.12. Poland
• 12.13. Qatar
• 12.14. Russia
• 12.15. Saudi Arabia
• 12.16. South Africa
• 12.17. Spain
• 12.18. Sweden
• 12.19. Switzerland
• 12.20. Turkey
• 12.21. United Arab Emirates
• 12.22. United Kingdom

13. Competitive Landscape

• 13.1. Market Share Analysis, 2023
• 13.2. FPNV Positioning Matrix, 2023
• 13.3. Competitive Scenario Analysis
  • 13.3.1. EDP expands Pennsylvania presence with acquisition of Green and Summit Propane
  • 13.3.2. Liebherr adopts propane for eco-friendly train HVAC systems with Stadler partnership
  • 13.3.3. Canada strengthens LPG export capabilities with USD 980M Prince Rupert expansion
  • 13.3.4. Clariant unveils CATOFIN 312 catalyst for enhanced propane dehydrogenation performance
• 13.4. Strategy Analysis & Recommendation
  • 13.4.1. Clariant AG

Companies Mentioned

• 1. Aditya Air Product Pvt Ltd
• 2. AmeriGas Propane, L.P.
• 3. Axcel Gases
• 4. BASF SE
• 5. BP PLC
• 6. Chevron Corporation
• 7. China Petroleum & Chemical Corporation
• 8. Clariant AG
• 9. ConocoPhillips Company
• 10. DCC PLC
• 11. Eni S.p.A.
• 12. Evonik Industries AG
• 13. Exxon Mobil Corporation
• 14. Marsh L.P. Gas Co. Inc.
• 15. NOVEL CHEM
• 16. Orion Chem Pvt. Ltd.
• 17. Reliance Industries Limited
• 18. Saudi Arabian Oil Company
• 19. ThompsonGas, LLC
• 20. TotalEnergies SE
• 21. Valero Energy Ltd
• 22. World Kinect Corporation