Industry: Chemical & Material
Published Date: 2025-08-21
Pages: 90 Pages
Report ld: 4194625
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Propane Market Size(US$)

CAGR 2025-2031
1.9%
Market Size,2031
USD 153,711
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Propane was valued at US$ 134714 million in the year 2024 and is projected to reach a revised size of US$ 153711 million by 2031, growing at a CAGR of 1.9% during the forecast period.
The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Propane competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.
North American market for Propane is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Propane is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Propane include ExxonMobil, Linde, Matheson Tri-Gas, Inc., Shell, Sumitomo Seika Chemicals, Josef Gas, GAIL, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Propane, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Propane.
The Propane market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Propane market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Propane manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Company
ExxonMobil
Linde
Matheson Tri-Gas, Inc.
Shell
Sumitomo Seika Chemicals
Josef Gas
GAIL
Segment by Type
Purity 98%
Purity 99%
Purity 99.5%
Others
Segment by Application
Industrial
Commercial
Residential
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Middle East and Africa
Turkey
Saudi Arabia
UAE
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Propane manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Propane by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Propane in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Propane Market Overview
1.1 Product Definition
1.2 Propane by Type
1.2.1 Global Propane Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Purity 98%
1.2.3 Purity 99%
1.2.4 Purity 99.5%
1.2.5 Others
1.3 Propane by Application
1.3.1 Global Propane Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Industrial
1.3.3 Commercial
1.3.4 Residential
1.4 Global Market Growth Prospects
1.4.1 Global Propane Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Propane Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Propane Production Estimates and Forecasts (2020-2031)
1.4.4 Global Propane Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Propane Production Market Share by Manufacturers (2020-2025)
2.2 Global Propane Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Propane, Industry Ranking, 2023 VS 2024
2.4 Global Propane Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Propane Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Propane, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Propane, Product Offered and Application
2.8 Global Key Manufacturers of Propane, Date of Enter into This Industry
2.9 Propane Market Competitive Situation and Trends
2.9.1 Propane Market Concentration Rate
2.9.2 Global 5 and 10 Largest Propane Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Propane Production by Region
3.1 Global Propane Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Propane Production Value by Region (2020-2031)
3.2.1 Global Propane Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Propane by Region (2026-2031)
3.3 Global Propane Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Propane Production Volume by Region (2020-2031)
3.4.1 Global Propane Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Propane by Region (2026-2031)
3.5 Global Propane Market Price Analysis by Region (2020-2025)
3.6 Global Propane Production and Value, Year-over-Year Growth
3.6.1 North America Propane Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Propane Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Propane Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Propane Production Value Estimates and Forecasts (2020-2031)
4 Propane Consumption by Region
4.1 Global Propane Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Propane Consumption by Region (2020-2031)
4.2.1 Global Propane Consumption by Region (2020-2025)
4.2.2 Global Propane Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Propane Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Propane Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Propane Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Propane Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Propane Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Propane Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Propane Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Propane Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Propane Production by Type (2020-2031)
5.1.1 Global Propane Production by Type (2020-2025)
5.1.2 Global Propane Production by Type (2026-2031)
5.1.3 Global Propane Production Market Share by Type (2020-2031)
5.2 Global Propane Production Value by Type (2020-2031)
5.2.1 Global Propane Production Value by Type (2020-2025)
5.2.2 Global Propane Production Value by Type (2026-2031)
5.2.3 Global Propane Production Value Market Share by Type (2020-2031)
5.3 Global Propane Price by Type (2020-2031)
6 Segment by Application
6.1 Global Propane Production by Application (2020-2031)
6.1.1 Global Propane Production by Application (2020-2025)
6.1.2 Global Propane Production by Application (2026-2031)
6.1.3 Global Propane Production Market Share by Application (2020-2031)
6.2 Global Propane Production Value by Application (2020-2031)
6.2.1 Global Propane Production Value by Application (2020-2025)
6.2.2 Global Propane Production Value by Application (2026-2031)
6.2.3 Global Propane Production Value Market Share by Application (2020-2031)
6.3 Global Propane Price by Application (2020-2031)
7 Key Companies Profiled
7.1 ExxonMobil
7.1.1 ExxonMobil Propane Company Information
7.1.2 ExxonMobil Propane Product Portfolio
7.1.3 ExxonMobil Propane Production, Value, Price and Gross Margin (2020-2025)
7.1.4 ExxonMobil Main Business and Markets Served
7.1.5 ExxonMobil Recent Developments/Updates
7.2 Linde
7.2.1 Linde Propane Company Information
7.2.2 Linde Propane Product Portfolio
7.2.3 Linde Propane Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Linde Main Business and Markets Served
7.2.5 Linde Recent Developments/Updates
7.3 Matheson Tri-Gas, Inc.
7.3.1 Matheson Tri-Gas, Inc. Propane Company Information
7.3.2 Matheson Tri-Gas, Inc. Propane Product Portfolio
7.3.3 Matheson Tri-Gas, Inc. Propane Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Matheson Tri-Gas, Inc. Main Business and Markets Served
7.3.5 Matheson Tri-Gas, Inc. Recent Developments/Updates
7.4 Shell
7.4.1 Shell Propane Company Information
7.4.2 Shell Propane Product Portfolio
7.4.3 Shell Propane Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Shell Main Business and Markets Served
7.4.5 Shell Recent Developments/Updates
7.5 Sumitomo Seika Chemicals
7.5.1 Sumitomo Seika Chemicals Propane Company Information
7.5.2 Sumitomo Seika Chemicals Propane Product Portfolio
7.5.3 Sumitomo Seika Chemicals Propane Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Sumitomo Seika Chemicals Main Business and Markets Served
7.5.5 Sumitomo Seika Chemicals Recent Developments/Updates
7.6 Josef Gas
7.6.1 Josef Gas Propane Company Information
7.6.2 Josef Gas Propane Product Portfolio
7.6.3 Josef Gas Propane Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Josef Gas Main Business and Markets Served
7.6.5 Josef Gas Recent Developments/Updates
7.7 GAIL
7.7.1 GAIL Propane Company Information
7.7.2 GAIL Propane Product Portfolio
7.7.3 GAIL Propane Production, Value, Price and Gross Margin (2020-2025)
7.7.4 GAIL Main Business and Markets Served
7.7.5 GAIL Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Propane Industry Chain Analysis
8.2 Propane Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Propane Production Mode & Process Analysis
8.4 Propane Sales and Marketing
8.4.1 Propane Sales Channels
8.4.2 Propane Distributors
8.5 Propane Customer Analysis
9 Propane Market Dynamics
9.1 Propane Industry Trends
9.2 Propane Market Drivers
9.3 Propane Market Challenges
9.4 Propane Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
REPORT SCOPE
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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