Propane Market Size , Top Manufactures Analysis, Industry, Demand and Forecast 2030
Alternate Fuels in the Automotive Sector to Boost the Global Propane Market Propane is a gas used in natural gas processing used primarily for the production of fuel and polymer-grade propylene. It is widely accepted as a fuel in industrial and commercial applications mostly in cooking, transportation, agriculture, and other industries. The global Propane Market Size report by Market Research Future (MRFR) outlines drivers, opportunities, factors, and restraints in a comprehensive manner. Market Outlook The propane market is projected to reach USD 9.5 billion gallons by 2023 rapidly at a CAGR of 4% throughout the forecast 2022–2030. The use of propane-based additives during winter is a vast opportunity that can be capitalized on by manufacturers. Stringent rules pertaining to automotive fuels as well as adherence to new emission standards can drive the global propane market demand during the forecast period. Expansion moves in the form of propane dehydrogenation plants can work fav