Propane Market size is projected to reach USD 175.85 billion in 2028 from an estimated USD 151 billion in 2021, growing at a CAGR of 2.2% globally. Propane is derived as a by-product of natural gas processing and crude oil refining. It is a three-carbon alkane classified as one of the liquefied petroleum gases with the molecular formula C3H8. There are two ways in which propane is processed...

Propane Market size is projected to reach USD 175.85 billion in 2028 from an estimated USD 151 billion in 2021, growing at a CAGR of 2.2% globally. Propane is derived as a by-product of natural gas processing and crude oil refining. It is a three-carbon alkane classified as one of the liquefied petroleum gases with the molecular formula C3H8. There are two ways in which propane is processed...

The global propane market is valued at US$ 92.3 billion in 2023 and is forecasted to reach US$ 156 billion by 2033, expanding at a CAGR of 5.3% over the decade. Propane, a versatile hydrocarbon gas, has emerged as a key player in the global energy market. Its widespread applications, environmental advantages, and cost-effectiveness have contributed to its growing significance. In this article,...