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Showing posts with the label Propane Industry

Propane Market Global Analysis, Opportunities and Forecast To 2025

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. 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. 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 refi...