Propane Market Analysis- Size, Share, Growth, Trends and Forecasts, 2014 To 2020: Grand View Research

Global propane market is anticipated to witness significant growth over the next six years on account of increasing demand from central heating and LPG end-users. Increasing application scope of propane as automobile fuel coupled with lucrative growth in vehicle sales in emerging countries including India, China and Brazil is further expected to propel the market growth over the forecast period. Technological advancements in internal combustion engines is anticipated to open several growth opportunities for the market in major applications including propane fuelled vehicles, irrigation pumps and commercial lawn mowers over the next six years. Increasing application scope of propane in plastic manufacturing is also anticipated to fuel market growth over the forecast period. Furthermore, high demand for plastics from various end-use industries including automotive, aerospace and transportation is further expected to have positive impact on propane market growth over the next six years. I
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