Chemicals, Fuels & Wood Products · Direct
Monitoring · monthlyProcurement Category Intelligence
Propane
Overview
Market size
$228.0B
global, USD
CAGR
3.7%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
6
tracked players
Signals
12
2 high severity
Market outlook
2031$273.4B
What changed
Demand by region
North America demand34%
Asia Pacific demand38%
Europe demand15%
Middle East demand7%
Rest of world demand6%
share of global demandtotal 100%
Cost drivers
Feedstock natural gas liquids and crude oil fractions72%
Fractionation and processing utilities11%
Midstream pipeline and bulk terminal transportation8%
Local storage and specialized trucking delivery6%
Regulatory compliance and HAZMAT handling3%
share of delivered cost (analyst estimate)