The Global Propane for Solvent Market is forecast to reach USD 115.60 Billion by 2028, according to a new report by Reports and Data. Propane can be described as a three-carbon alkane, which has the molecular formula C3H8. At standard temperature and pressure, it remains at the gaseous form; however, it is compressible to a transportable liquid. It is a by-product of petroleum refining and natural gas processing that is widely used as a fuel.
Top Companies Operating in the Global Propane for Solvent Market:
BP P.L.C. (British Petroleum), Exxon Mobil, Royal Dutch Shell, Chevron Corp., Sinopec, Total SA, Anadarko Petroleum Corp., Statoil ASA, Eni S.p.A, ConocoPhillips and Altagas.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Propane for Solvent Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Propane for Solvent Market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Propane for Solvent Market key players
3.2 Global Propane size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Propane for Solvent Market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Propane for Solvent Market Segmentation
Grade Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- HD5 Propane
- HD-10 Propane
- Commercial grade propane
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Industrial Domestic fuel
- Refrigeration
- Motor fuel
- Solvent
- Others
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Commercial
- Industrial
- Transportation
- Residential
- Chemicals and Refineries
- Agriculture
- Others
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