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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.