An influential
Propane Market report carries out an evaluation of the growth rate and the market value of Propane industry based on market dynamics and growth inducing factors. Thorough market analysis covered in this report by skilled experts gives every bit of knowledge which is imperative to design and align with current market scenarios. This market research report is one-stop archive for in-depth knowledge of market analytics aggregated by a broad rundown of distributors from over the globe. Moreover, for the businesses, it is the most important to get knowhow of consumer’s demands, preferences, attitudes and their changing tastes about the specific product which can be studied via this winning Propane Market report.
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Dublin, Jan. 28, 2021 (GLOBE NEWSWIRE) The Propane - Global Market Trajectory & Analytics report has been added to
ResearchAndMarkets.com s offering.
This report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Propane Market to Reach $147.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Propane estimated at US$126.5 Billion in the year 2020, is projected to reach a revised size of US$147.7 Billion by 2027, growing at a CAGR of 2.2% over the analysis period 2020-2027.
Residential, one of the segments analyzed in the report, is projected to record a 2.5% CAGR and reach US$15 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial segment is readjusted to a revised 2.2% CAGR for the next 7-year period.