Propane Market Analysis, By End-use (Industrial, Commercial, Residential, Transportation, Agriculture, Chemicals and Refineries), Value Chain Analysis, Industry Dynamics And Segment Forecasts, 2014 - 2025

Published: Oct, 2017 | Pages: 86 | Publisher: Grand View Research
Industry: Petrochemicals | Report Format: Electronic (PDF)

The global propane market is expected to reach USD 106.9 billion by 2025, growing at a CAGR of 3.5%, according to a new report by Grand View Research, Inc. Globally, increasing propane–based agricultural engine has been a major factor driving market growth. Also, growing demand for clean burning fuels due to strengthening of regulations and Paris Climate Agreement has led to the increased utilization in households globally.

Depletion of non-renewable resources; crude oil and increasing environmental concerns have invigorated research of various innovative sustainable technologies that employ bio-based raw materials for production. Strengthening governmental and federal regulations which are likely to restrict traditional processing from non-renewable resources can be overwhelmed using innovative sustainable technologies.

Industrial was the largest end-use category in 2016 .and is expected to maintain a comparatively high growth rate over the forecast period. Chemicals and refinery were the primary market movers and achieved a share of over 14% in 2016.

In U.K., LPG supplied to restaurants or commercial food establishments are 100% propane thus every restaurant and hotel, even street vendors are preparing food using this gas as fuel. Apart from cooking, it is also utilized for space and water heating in commercial establishments which are also expected to boost its demand over the forecast period.

Further key findings from the report suggest:

• Globally, propane volume exceeded 195 million tons in 2016 and is expected to grow at a CAGR of 3.0% from 2017 to 2025

• Global demand in commercial end-use exceed 50 million in 2016 and is expected to observe the fastest growth with an estimated CAGR of 3.2% from 2017 to 2025. In North America, a large number of restaurants are adopting propane gas for cooking.

• Asia Pacific is projected to be the fastest growing region over the future course. Developments in major regional economies, particularly in industrial manufacturing, has attracted western companies to establish production capabilities in the region.

• India’s propane consumption is expected to grow at a CAGR of over 10%, which is mainly attributable to growing demand from industrial and commercial sectors.

• Key players including ExxonMobil, BP, Chevron Corp., Royal Dutch Shell, Total SA and Sinopec dominated the industry while accounting for over 60% of the total volume in 2015

• Companies are extensively involved in M&As and capacity expansions to improve their global footprint and thereby capture greater market share. Establishing supply agreements with retailers is a key determinant for manufacturer’s profitability

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research methodology
                 1.2 Research scope and assumptions
                 1.3 List of data sources

Chapter 2 Executive Summary
                 2.1 Market summary

Chapter 3 Propane Market Variables, Trends, & Scope
                 3.1 Market segmentation
                 3.2 Penetration & growth prospect mapping, 2014 - 2025
                 3.3 Propane market - value chain analysis
                 3.4 Regulatory framework
                 3.5 Technology overview
                 3.6 Propane market dynamics
                     3.6.1 Market driver analysis
                         3.6.1.1 Growing propane-based agricultural engines industry
                         3.6.1.2 Increasing residential demand
                     3.6.2 Market restraint analysis
                         3.6.2.1 Natural gas giving stiff competition to propane
                 3.7 Key opportunities prioritized
                 3.8 Industry analysis - Porter’s
                 3.9 Propane market - PESTEL analysis

Chapter 4 Propane Market: End-Use Estimates & Trend Analysis
                 4.1 Regional market introduction, 2015 & 2025
                 4.2 Industrial
                     4.2.1 Market estimates & forecast, 2014 - 2025
                 4.3 Commercial
                     4.3.1 Market estimates & forecast, 2014 - 2025
                 4.4 Residential
                     4.4.1 Market estimates & forecast, 2014 - 2025
                 4.5 Transportation
                     4.5.1 Market estimates & forecast, 2014 - 2025
                 4.6 Agriculture
                     4.6.1 Market estimates & forecast, 2014 - 2025
                 4.7 Chemicals and Refineries
                     4.7.1 Market estimates & forecast, 2014 - 2025

Chapter 5 Propane Market: Regional Estimates & Trend Analysis
                 5.1 Regional market introduction, 2015 & 2025
                 5.2 North America
                     5.2.1 Market estimates & forecast, 2014 - 2025
                     5.2.2 Market estimates & forecast, by end-use, 2014 - 2025
                     5.2.3 U.S.
                         5.2.3.1 Market estimates & forecast, 2014 - 2025
                         5.2.3.2 Market estimates & forecast, by end-use, 2014 - 2025
                     5.2.4 Canada
                         5.2.4.1 Market estimates & forecast, 2014 - 2025
                         5.2.4.2 Market estimates & forecast, by end-use, 2014 - 2025
                 5.3 Latin America
                     5.3.1 Market estimates & forecast, 2014 - 2025
                     5.3.2 Market estimates & forecast, by end-use, 2014 - 2025
                     5.3.3 Mexico
                         5.3.3.1 Market estimates & forecast, 2014 - 2025
                         5.3.3.2 Market estimates & forecast, by end-use, 2014 - 2025
                 5.4 Europe
                     5.4.1 Market estimates & forecast, 2014 - 2025
                     5.4.2 Market estimates & forecast, by end-use, 2014 - 2025
                     5.4.3 Germany
                         5.4.3.1 Market estimates & forecast, 2014 - 2025
                         5.4.3.2 Market estimates & forecast, by end-use, 2014 - 2025
                     5.4.4 France
                         5.4.4.1 Market market estimates & forecast, 2014 - 2025
                         5.4.4.2 Market estimates & forecast, by end-use, 2014 - 2025
                     5.4.5 UK
                         5.4.5.1 Market estimates & forecast, 2014 - 2025
                         5.4.5.2 Market estimates & forecast, by end-use, 2014 - 2025
                 5.5 Asia Pacific (APAC)
                     5.5.1 Market estimates & forecast, 2014 - 2025
                     5.5.2 Market estimates & forecast, by end-use, 2014 - 2025
                     5.5.3 China
                         5.5.3.1 Market estimates & forecast, 2014 - 2025
                         5.5.3.2 Market estimates & forecast, by end-use, 2014 - 2025
                     5.5.4 Japan
                         5.5.4.1 Market estimates & forecast, 2014 - 2025
                         5.5.4.2 Market estimates & forecast, by end-use, 2014 - 2025
                     5.5.5 India
                         5.5.5.1 Market estimates & forecast, 2014 - 2025
                         5.5.5.2 Market estimates & forecast, by end-use, 2014 - 2025
                 5.6 Middle East & Africa
                     5.6.1 Market estimates & forecast, 2014 - 2025
                     5.6.2 Market estimates & forecast, by end-use, 2014 - 2025
                     5.6.3 GCC Region
                         5.6.3.1 Market estimates & forecast, 2014 - 2025
                         5.6.3.2 Market estimates & forecast, by end-use, 2014 - 2025

Chapter 6 Competitive Landscape
                 6.1 Company heat map analysis
                 6.2 Vendor landscape
                 6.3 Competitive environment
                 6.4 Strategy framework

Chapter 7 Company Profiles
                 7.1 Exxon Mobil
                     7.1.1 Company Overview
                     7.1.2 Financial Performance
                     7.1.3 Product Benchmarking
                     7.1.4 Strategic Initiatives
                 7.2 BP P.L.C. (British Petroleum)
                     7.2.1 Company Overview
                     7.2.2 Financial Performance
                     7.2.3 Product Benchmarking
                 7.3 Chevron Corp.
                     7.3.1 Company Overview
                     7.3.2 Financial Performance
                     7.3.3 Product Benchmarking
                     7.3.4 Strategic Initiatives
                 7.4 Royal Dutch Shell
                     7.4.1 Company Overview
                     7.4.2 Financial Performance
                     7.4.3 Product Benchmarking
                 7.5 Total SA
                     7.5.1 Company Overview
                     7.5.2 Financial Performance
                     7.5.3 Product Benchmarking
                     7.5.4 Strategic Initiatives
                 7.6 Sinopec
                     7.6.1 Company Overview
                     7.6.2 Financial Performance
                     7.6.3 Product Benchmarking
                     7.6.4 Strategic Initiatives
                 7.7 Statoil ASA
                     7.7.1 Company Overview
                     7.7.2 Financial Performance
                     7.7.3 Product Benchmarking
                 7.8 Anadarko Petroleum Corp.
                     7.8.1 Company Overview
                     7.8.2 Financial Performance
                     7.8.3 Product Benchmarking
                 7.9 ConocoPhillips
                     7.9.1 Company Overview
                     7.9.2 Financial Performance
                     7.9.3 Product Benchmarking
                     7.9.4 Strategic Initiatives
                 7.10 Eni S.p.A
                     7.10.1 Company Overview
                     7.10.2 Financial Performance
                     7.10.3 Product Benchmarking

List of Tables

TABLE 1 Key international regulations & their impact on the industry
TABLE 2 Propane market estimates & forecast, in Industrial, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 3 Propane market estimates & forecast, in Commercial, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 4 Propane market estimates & forecast, in Residential, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 5 Propane market estimates & forecast, in Transportation, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 6 Propane market estimates & forecast, in Agriculture, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 7 Propane market estimates & forecast, in Chemicals and Refineries, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 8 North America propane market estimates & forecast, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 9 North America propane market volume, by end-use, 2014 - 2025 (Million Tons)
TABLE 10 North America propane market revenue, by end-use, 2014 - 2025 (USD Billion)
TABLE 11 U.S. propane market estimates & forecast, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 12 U.S. propane market volume, by end-use, 2014 - 2025 (Million Tons)
TABLE 13 U.S. propane market revenue, by end-use, 2014 - 2025 (USD Billion)
TABLE 14 Canada propane market estimates & forecast, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 15 Canada propane market volume, by end-use, 2014 - 2025 (Million Tons)
TABLE 16 Canada propane market revenue, by end-use, 2014 - 2025 (USD Billion)
TABLE 17 Latin America propane market estimates & forecast, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 18 Latin America propane market volume, by end-use, 2014 - 2025 (Million Tons)
TABLE 19 Latin America propane market revenue, by end-use, 2014 - 2025 (USD Billion)
TABLE 20 Mexico propane market estimates & forecast, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 21 Mexico propane market volume, by end-use, 2014 - 2025 (Million Tons)
TABLE 22 Mexico propane market revenue, by end-use, 2014 - 2025 (USD Billion)
TABLE 23 Europe propane market estimates & forecast, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 24 Europe propane market volume, by end-use, 2014 - 2025 (Million Tons)
TABLE 25 Europe propane market revenue, by end-use, 2014 - 2025 (USD Billion)
TABLE 26 Germany propane market estimates & forecast, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 27 Germany propane market volume, by end-use, 2014 - 2025 (Million Tons)
TABLE 28 Germany propane market revenue, by end-use, 2014 - 2025 (USD Billion)
TABLE 29 France propane market estimates & forecast, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 30 France propane market volume, by end-use, 2014 - 2025 (Million Tons)
TABLE 31 France propane market revenue, by end-use, 2014 - 2025 (USD Billion)
TABLE 32 UK propane market estimates & forecast, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 33 U.K. propane market volume, by end-use, 2014 - 2025 (Million Tons)
TABLE 34 U.K. propane market revenue, by end-use, 2014 - 2025 (USD Billion)
TABLE 35 Asia Pacific propane market estimates & forecast, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 36 Asia Pacific propane market volume, by end-use, 2014 - 2025 (Million Tons)
TABLE 37 Asia Pacific propane market revenue, by end-use, 2014 - 2025 (USD Billion)
TABLE 38 China propane market estimates & forecast, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 39 China propane market volume, by end-use, 2014 - 2025 (Million Tons)
TABLE 40 China propane market revenue, by end-use, 2014 - 2025 (USD Billion)
TABLE 41 Japan propane market estimates & forecast, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 42 Japan propane market volume, by end-use, 2014 - 2025 (Million Tons)
TABLE 43 Japan propane market revenue, by end-use, 2014 - 2025 (USD Billion)
TABLE 44 India propane market estimates & forecast, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 45 India propane market volume, by end-use, 2014 - 2025 (Million Tons)
TABLE 46 India propane market revenue, by end-use, 2014 - 2025 (USD Billion)
TABLE 47 MEA propane market estimates & forecast, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 48 MEA propane market volume, by end-use, 2014 - 2025 (Million Tons)
TABLE 49 MEA propane market revenue, by end-use, 2014 - 2025 (USD Billion)
TABLE 50 GCC region propane market estimates & forecast, 2014 - 2025 (Million Tons) (USD Billion)
TABLE 51 GCC region propane market volume, by end-use, 2014 - 2025 (Million Tons)
TABLE 52 GCC region propane market revenue, by end-use, 2014 - 2025 (USD Billion)
TABLE 53 Company heat map analysis

List of Figures

FIG. 1 Propane market snapshot
FIG. 2 Propane market volume, 2015 (Million Tons)
FIG. 3 Propane market segmentation
FIG. 4 Propane market volume & revenue, 2014 - 2025 (Million Tons) (USD Billion)
FIG. 5 Value chain analysis
FIG. 6 Propane market dynamics
FIG. 7 Propane market driver impact
FIG. 8 Propane market restraint impact
FIG. 9 Key opportunities prioritized
FIG. 10 Propane market - Porter’s analysis
FIG. 11 PESTEL analysis
FIG. 12 Propane market volume by end-use, 2015 & 2025
FIG. 13 Propane market volume by region, 2015 & 2025
FIG. 14 Competitive environment
FIG. 15 Strategy framework