Propane Market Outlook, End Users Analysis and Share by Type to 2025
San Francisco, 31 December 2018 – “Propane Market Analysis, By End-use (Industrial, Commercial, Residential, Transportation, Agriculture, Chemicals and Refineries), Value Chain Analysis, Industry Dynamics And Segment Forecasts, [2018 – 2025]” According to a report by Grand View Research, Inc., global propane market is projected to reach USD 106.9 billion by 2025. Growing need for clean burning fuels due to strict regulations is expected to propel demand for propane in the coming years. Increasing use of propane in propylene and ethylene production is also anticipated to impel its demand over the forecast period (from 2018 to 2025). Moreover, its usage in agriculture, commercial, and residential sectors will drive the market further. Rising demand for highly efficient fuels in automotive sector will also augment market growth. Manufacturers have now started focusing on Good Manufacturing Practices (GMP) to enhance operational efficiency and preserve natural resources. This is...