Propane Market Size to Reach Revenues of over by 2027
Market Segmentation 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. The construction industry together accounted for the largest value share in 2017, however, process industry individually held the largest market value share for propane in 2017 and is expected to maintain its dominance throughout the forecast period. The latter growth can be attributed towards the increasing demand for propane in propylene production, which is a key raw material in production of polypropylene. The construction industry is trailing behind the process industry, increasing demand for clean fuel in cooking and heating applications is expected to drive the demand during the forecast period. Commercial construction is expected to lead the demand for propane