Propane Market in US 2025-2029

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	169 Pages	TechNavio	January, 2025	INF19584768

Best Price Guarantee
Price	from $2,500
Length	169 Pages
Publisher	TechNavio
Published Date	January, 2025
SKU	INF19584768

Propane Market In US 2024-2028

The propane market in US is forecasted to grow by USD 7.56 bn during 2023-2028, accelerating at a CAGR of 6.28% during the forecast period. The report on the propane market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advancements in propane storage and transportation, increased demand for propane in extremely low-temperature regions, and growing adoption of hybrid propane-electric heating systems.

Technavio's propane market in US is segmented as below:

By End-user

Industrial
Commercial
Residential
Others

By Grade Type

HD-5 propane
HD-10 propane
Commercial propane

By Type

Gas
Liquid

By Geographical Landscape

North America

This study identifies the development of renewable propane as one of the prime reasons driving the propane market in US growth during the next few years. Also, growing integration of carbon capture and carbon credit into propane production and innovations in propane-powered equipment will lead to sizable demand in the market.

The report on the propane market in US covers the following areas:

Propane market in US sizing
Propane market in US forecast
Propane market in US industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading propane market in US vendors that include Air Liquide SA, BP Plc, Chevron Corp., China Petrochemical Corp., CHS Inc., ConocoPhillips Co., Evonik Industries AG, Ferrellgas, Gas Innovations, Growmark Inc., Phillips 66, SHV Holdings N.V., Suburban Propane, Superior Plus Corp., TotalEnergies SE, and UGI Corp.. Also, the propane market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

1 Executive Summary: 1.1 Market overview; Executive Summary - Chart on Market Overview; Executive Summary - Data Table on Market Overview; Executive Summary - Chart on Country Market Characteristics; Executive Summary - Chart on Market Segmentation by End-user; Executive Summary - Chart on Market Segmentation by Grade Type; Executive Summary - Chart on Market Segmentation by Type; Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis: 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; 2.2 Criticality of inputs and Factors of differentiation; Overview on criticality of inputs and factors of differentiation; 2.3 Factors of disruption; Overview on factors of disruption; 2.4 Impact of drivers and challenges; Impact of drivers and challenges in 2024 and 2029
3 Market Landscape: 3.1 Market ecosystem; Parent Market; Data Table on - Parent Market; 3.2 Market characteristics; Market characteristics analysis; 3.3 Value chain analysis; Value chain analysis
4 Market Sizing: 4.1 Market definition; Offerings of companies included in the market definition; 4.2 Market segment analysis; Market segments; 4.3 Market size 2024; 4.4 Market outlook: Forecast for 2024-2029; Chart on US - Market size and forecast 2024-2029 ($ million); Data Table on US - Market size and forecast 2024-2029 ($ million); Chart on US: Year-over-year growth 2024-2029 (%); Data Table on US: Year-over-year growth 2024-2029 (%)
5 Historic Market Size: 5.1 Propane Market in US 2019 - 2023; Historic Market Size - Data Table on Propane Market in US 2019 - 2023 ($ million); 5.2 End-user segment analysis 2019 - 2023; Historic Market Size - End-user Segment 2019 - 2023 ($ million); 5.3 Grade Type segment analysis 2019 - 2023; Historic Market Size - Grade Type Segment 2019 - 2023 ($ million); 5.4 Type segment analysis 2019 - 2023; Historic Market Size - Type Segment 2019 - 2023 ($ million)
6 Qualitative Analysis: 6.1 Impact of AI in Propane Market in US
7 Five Forces Analysis: 7.1 Five forces summary; Five forces analysis - Comparison between 2024 and 2029; 7.2 Bargaining power of buyers; Bargaining power of buyers - Impact of key factors 2024 and 2029; 7.3 Bargaining power of suppliers; Bargaining power of suppliers - Impact of key factors in 2024 and 2029; 7.4 Threat of new entrants; Threat of new entrants - Impact of key factors in 2024 and 2029; 7.5 Threat of substitutes; Threat of substitutes - Impact of key factors in 2024 and 2029; 7.6 Threat of rivalry; Threat of rivalry - Impact of key factors in 2024 and 2029; 7.7 Market condition; Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by End-user: 8.1 Market segments; Chart on End-user - Market share 2024-2029 (%); Data Table on End-user - Market share 2024-2029 (%); 8.2 Comparison by End-user; Chart on Comparison by End-user; Data Table on Comparison by End-user; 8.3 Industrial - Market size and forecast 2024-2029; Chart on Industrial - Market size and forecast 2024-2029 ($ million); Data Table on Industrial - Market size and forecast 2024-2029 ($ million); Chart on Industrial - Year-over-year growth 2024-2029 (%); Data Table on Industrial - Year-over-year growth 2024-2029 (%); 8.4 Commercial - Market size and forecast 2024-2029; Chart on Commercial - Market size and forecast 2024-2029 ($ million); Data Table on Commercial - Market size and forecast 2024-2029 ($ million); Chart on Commercial - Year-over-year growth 2024-2029 (%); Data Table on Commercial - Year-over-year growth 2024-2029 (%); 8.5 Residential - Market size and forecast 2024-2029; Chart on Residential - Market size and forecast 2024-2029 ($ million); Data Table on Residential - Market size and forecast 2024-2029 ($ million); Chart on Residential - Year-over-year growth 2024-2029 (%); Data Table on Residential - Year-over-year growth 2024-2029 (%); 8.6 Others - Market size and forecast 2024-2029; Chart on Others - Market size and forecast 2024-2029 ($ million); Data Table on Others - Market size and forecast 2024-2029 ($ million); Chart on Others - Year-over-year growth 2024-2029 (%); Data Table on Others - Year-over-year growth 2024-2029 (%); 8.7 Market opportunity by End-user; Market opportunity by End-user ($ million); Data Table on Market opportunity by End-user ($ million)
9 Market Segmentation by Grade Type: 9.1 Market segments; Chart on Grade Type - Market share 2024-2029 (%); Data Table on Grade Type - Market share 2024-2029 (%); 9.2 Comparison by Grade Type; Chart on Comparison by Grade Type; Data Table on Comparison by Grade Type; 9.3 HD-5 propane - Market size and forecast 2024-2029; Chart on HD-5 propane - Market size and forecast 2024-2029 ($ million); Data Table on HD-5 propane - Market size and forecast 2024-2029 ($ million); Chart on HD-5 propane - Year-over-year growth 2024-2029 (%); Data Table on HD-5 propane - Year-over-year growth 2024-2029 (%); 9.4 HD-10 propane - Market size and forecast 2024-2029; Chart on HD-10 propane - Market size and forecast 2024-2029 ($ million); Data Table on HD-10 propane - Market size and forecast 2024-2029 ($ million); Chart on HD-10 propane - Year-over-year growth 2024-2029 (%); Data Table on HD-10 propane - Year-over-year growth 2024-2029 (%); 9.5 Commercial propane - Market size and forecast 2024-2029; Chart on Commercial propane - Market size and forecast 2024-2029 ($ million); Data Table on Commercial propane - Market size and forecast 2024-2029 ($ million); Chart on Commercial propane - Year-over-year growth 2024-2029 (%); Data Table on Commercial propane - Year-over-year growth 2024-2029 (%); 9.6 Market opportunity by Grade Type; Market opportunity by Grade Type ($ million); Data Table on Market opportunity by Grade Type ($ million)
10 Market Segmentation by Type: 10.1 Market segments; Chart on Type - Market share 2024-2029 (%); Data Table on Type - Market share 2024-2029 (%); 10.2 Comparison by Type; Chart on Comparison by Type; Data Table on Comparison by Type; 10.3 Gas - Market size and forecast 2024-2029; Chart on Gas - Market size and forecast 2024-2029 ($ million); Data Table on Gas - Market size and forecast 2024-2029 ($ million); Chart on Gas - Year-over-year growth 2024-2029 (%); Data Table on Gas - Year-over-year growth 2024-2029 (%); 10.4 Liquid - Market size and forecast 2024-2029; Chart on Liquid - Market size and forecast 2024-2029 ($ million); Data Table on Liquid - Market size and forecast 2024-2029 ($ million); Chart on Liquid - Year-over-year growth 2024-2029 (%); Data Table on Liquid - Year-over-year growth 2024-2029 (%); 10.5 Market opportunity by Type; Market opportunity by Type ($ million); Data Table on Market opportunity by Type ($ million)
11 Customer Landscape: 11.1 Customer landscape overview; Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Drivers, Challenges, and Opportunity/Restraints: 12.1 Market drivers; 12.2 Market challenges; 12.3 Impact of drivers and challenges; Impact of drivers and challenges in 2024 and 2029; 12.4 Market opportunities/restraints
13 Competitive Landscape: 13.1 Overview; 13.2 Competitive Landscape; Overview on criticality of inputs and factors of differentiation; 13.3 Landscape disruption; Overview on factors of disruption; 13.4 Industry risks; Impact of key risks on business
14 Competitive Analysis: 14.1 Companies profiled; Companies covered; 14.2 Company ranking index; Company ranking index; 14.3 Market positioning of companies; Matrix on companies position and classification; 14.4 Air Liquide SA; Air Liquide SA - Overview; Air Liquide SA - Product / Service; Air Liquide SA - Key news; Air Liquide SA - Key offerings; SWOT; 14.5 AmeriGas Propane Inc.; AmeriGas Propane Inc. - Overview; AmeriGas Propane Inc. - Product / Service; AmeriGas Propane Inc. - Key offerings; SWOT; 14.6 BP Plc; BP Plc - Overview; BP Plc - Business segments; BP Plc - Key news; BP Plc - Key offerings; BP Plc - Segment focus; SWOT; 14.7 Chevron Corp.; Chevron Corp. - Overview; Chevron Corp. - Business segments; Chevron Corp. - Key news; Chevron Corp. - Key offerings; Chevron Corp. - Segment focus; SWOT; 14.8 China Petrochemical Corp.; China Petrochemical Corp. - Overview; China Petrochemical Corp. - Business segments; China Petrochemical Corp. - Key offerings; China Petrochemical Corp. - Segment focus; SWOT; 14.9 CHS Inc; CHS Inc - Overview; CHS Inc - Business segments; CHS Inc - Key offerings; CHS Inc - Segment focus; SWOT; 14.10 ConocoPhillips Co.; ConocoPhillips Co. - Overview; ConocoPhillips Co. - Business segments; ConocoPhillips Co. - Key offerings; ConocoPhillips Co. - Segment focus; SWOT; 14.11 Evonik Industries AG; Evonik Industries AG - Overview; Evonik Industries AG - Business segments; Evonik Industries AG - Key news; Evonik Industries AG - Key offerings; Evonik Industries AG - Segment focus; SWOT; 14.12 Ferrellgas; Ferrellgas - Overview; Ferrellgas - Product / Service; Ferrellgas - Key offerings; SWOT; 14.13 Growmark Inc.; Growmark Inc. - Overview; Growmark Inc. - Product / Service; Growmark Inc. - Key offerings; SWOT; 14.14 Phillips 66; Phillips 66 - Overview; Phillips 66 - Business segments; Phillips 66 - Key offerings; Phillips 66 - Segment focus; SWOT; 14.15 SHV Holdings N.V.; SHV Holdings N.V. - Overview; SHV Holdings N.V. - Product / Service; SHV Holdings N.V. - Key offerings; SWOT; 14.16 Suburban Propane Partners L.P.; Suburban Propane Partners L.P. - Overview; Suburban Propane Partners L.P. - Business segments; Suburban Propane Partners L.P. - Key offerings; Suburban Propane Partners L.P. - Segment focus; SWOT; 14.17 Superior Plus Propane; Superior Plus Propane - Overview; Superior Plus Propane - Product / Service; Superior Plus Propane - Key offerings; SWOT; 14.18 TotalEnergies SE; TotalEnergies SE - Overview; TotalEnergies SE - Business segments; TotalEnergies SE - Key news; TotalEnergies SE - Key offerings; TotalEnergies SE - Segment focus; SWOT
15 Appendix: 15.1 Scope of the report; 15.2 Inclusions and exclusions checklist; Inclusions checklist; Exclusions checklist; 15.3 Currency conversion rates for US$; Currency conversion rates for US$; 15.4 Research methodology; Research methodology; 15.5 Data procurement; Information sources; 15.6 Data validation; Data validation; 15.7 Validation techniques employed for market sizing; Validation techniques employed for market sizing; 15.8 Data synthesis; Data synthesis; 15.9 360 degree market analysis; 360 degree market analysis; 15.10 List of abbreviations; List of abbreviations
Exhibits:: Exhibits1: Executive Summary - Chart on Market Overview; Exhibits2: Executive Summary - Data Table on Market Overview; Exhibits3: Executive Summary - Chart on Country Market Characteristics; Exhibits4: Executive Summary - Chart on Market Segmentation by End-user; Exhibits5: Executive Summary - Chart on Market Segmentation by Grade Type; Exhibits6: Executive Summary - Chart on Market Segmentation by Type; Exhibits7: Executive Summary - Chart on Company Market Positioning; Exhibits8: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; Exhibits9: Overview on criticality of inputs and factors of differentiation; Exhibits10: Overview on factors of disruption; Exhibits11: Impact of drivers and challenges in 2024 and 2029; Exhibits12: Parent Market; Exhibits13: Data Table on - Parent Market; Exhibits14: Market characteristics analysis; Exhibits15: Value chain analysis; Exhibits16: Offerings of companies included in the market definition; Exhibits17: Market segments; Exhibits18: Chart on US - Market size and forecast 2024-2029 ($ million); Exhibits19: Data Table on US - Market size and forecast 2024-2029 ($ million); Exhibits20: Chart on US: Year-over-year growth 2024-2029 (%); Exhibits21: Data Table on US: Year-over-year growth 2024-2029 (%); Exhibits22: Historic Market Size - Data Table on Propane Market in US 2019 - 2023 ($ million); Exhibits23: Historic Market Size - End-user Segment 2019 - 2023 ($ million); Exhibits24: Historic Market Size - Grade Type Segment 2019 - 2023 ($ million); Exhibits25: Historic Market Size - Type Segment 2019 - 2023 ($ million); Exhibits26: Five forces analysis - Comparison between 2024 and 2029; Exhibits27: Bargaining power of buyers - Impact of key factors 2024 and 2029; Exhibits28: Bargaining power of suppliers - Impact of key factors in 2024 and 2029; Exhibits29: Threat of new entrants - Impact of key factors in 2024 and 2029; Exhibits30: Threat of substitutes - Impact of key factors in 2024 and 2029; Exhibits31: Threat of rivalry - Impact of key factors in 2024 and 2029; Exhibits32: Chart on Market condition - Five forces 2024 and 2029; Exhibits33: Chart on End-user - Market share 2024-2029 (%); Exhibits34: Data Table on End-user - Market share 2024-2029 (%); Exhibits35: Chart on Comparison by End-user; Exhibits36: Data Table on Comparison by End-user; Exhibits37: Chart on Industrial - Market size and forecast 2024-2029 ($ million); Exhibits38: Data Table on Industrial - Market size and forecast 2024-2029 ($ million); Exhibits39: Chart on Industrial - Year-over-year growth 2024-2029 (%); Exhibits40: Data Table on Industrial - Year-over-year growth 2024-2029 (%); Exhibits41: Chart on Commercial - Market size and forecast 2024-2029 ($ million); Exhibits42: Data Table on Commercial - Market size and forecast 2024-2029 ($ million); Exhibits43: Chart on Commercial - Year-over-year growth 2024-2029 (%); Exhibits44: Data Table on Commercial - Year-over-year growth 2024-2029 (%); Exhibits45: Chart on Residential - Market size and forecast 2024-2029 ($ million); Exhibits46: Data Table on Residential - Market size and forecast 2024-2029 ($ million); Exhibits47: Chart on Residential - Year-over-year growth 2024-2029 (%); Exhibits48: Data Table on Residential - Year-over-year growth 2024-2029 (%); Exhibits49: Chart on Others - Market size and forecast 2024-2029 ($ million); Exhibits50: Data Table on Others - Market size and forecast 2024-2029 ($ million); Exhibits51: Chart on Others - Year-over-year growth 2024-2029 (%); Exhibits52: Data Table on Others - Year-over-year growth 2024-2029 (%); Exhibits53: Market opportunity by End-user ($ million); Exhibits54: Data Table on Market opportunity by End-user ($ million); Exhibits55: Chart on Grade Type - Market share 2024-2029 (%); Exhibits56: Data Table on Grade Type - Market share 2024-2029 (%); Exhibits57: Chart on Comparison by Grade Type; Exhibits58: Data Table on Comparison by Grade Type; Exhibits59: Chart on HD-5 propane - Market size and forecast 2024-2029 ($ million); Exhibits60: Data Table on HD-5 propane - Market size and forecast 2024-2029 ($ million); Exhibits61: Chart on HD-5 propane - Year-over-year growth 2024-2029 (%); Exhibits62: Data Table on HD-5 propane - Year-over-year growth 2024-2029 (%); Exhibits63: Chart on HD-10 propane - Market size and forecast 2024-2029 ($ million); Exhibits64: Data Table on HD-10 propane - Market size and forecast 2024-2029 ($ million); Exhibits65: Chart on HD-10 propane - Year-over-year growth 2024-2029 (%); Exhibits66: Data Table on HD-10 propane - Year-over-year growth 2024-2029 (%); Exhibits67: Chart on Commercial propane - Market size and forecast 2024-2029 ($ million); Exhibits68: Data Table on Commercial propane - Market size and forecast 2024-2029 ($ million); Exhibits69: Chart on Commercial propane - Year-over-year growth 2024-2029 (%); Exhibits70: Data Table on Commercial propane - Year-over-year growth 2024-2029 (%); Exhibits71: Market opportunity by Grade Type ($ million); Exhibits72: Data Table on Market opportunity by Grade Type ($ million); Exhibits73: Chart on Type - Market share 2024-2029 (%); Exhibits74: Data Table on Type - Market share 2024-2029 (%); Exhibits75: Chart on Comparison by Type; Exhibits76: Data Table on Comparison by Type; Exhibits77: Chart on Gas - Market size and forecast 2024-2029 ($ million); Exhibits78: Data Table on Gas - Market size and forecast 2024-2029 ($ million); Exhibits79: Chart on Gas - Year-over-year growth 2024-2029 (%); Exhibits80: Data Table on Gas - Year-over-year growth 2024-2029 (%); Exhibits81: Chart on Liquid - Market size and forecast 2024-2029 ($ million); Exhibits82: Data Table on Liquid - Market size and forecast 2024-2029 ($ million); Exhibits83: Chart on Liquid - Year-over-year growth 2024-2029 (%); Exhibits84: Data Table on Liquid - Year-over-year growth 2024-2029 (%); Exhibits85: Market opportunity by Type ($ million); Exhibits86: Data Table on Market opportunity by Type ($ million); Exhibits87: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; Exhibits88: Impact of drivers and challenges in 2024 and 2029; Exhibits89: Overview on criticality of inputs and factors of differentiation; Exhibits90: Overview on factors of disruption; Exhibits91: Impact of key risks on business; Exhibits92: Companies covered; Exhibits93: Company ranking index; Exhibits94: Matrix on companies position and classification; Exhibits95: Air Liquide SA - Overview; Exhibits96: Air Liquide SA - Product / Service; Exhibits97: Air Liquide SA - Key news; Exhibits98: Air Liquide SA - Key offerings; Exhibits99: SWOT; Exhibits100: AmeriGas Propane Inc. - Overview; Exhibits101: AmeriGas Propane Inc. - Product / Service; Exhibits102: AmeriGas Propane Inc. - Key offerings; Exhibits103: SWOT; Exhibits104: BP Plc - Overview; Exhibits105: BP Plc - Business segments; Exhibits106: BP Plc - Key news; Exhibits107: BP Plc - Key offerings; Exhibits108: BP Plc - Segment focus; Exhibits109: SWOT; Exhibits110: Chevron Corp. - Overview; Exhibits111: Chevron Corp. - Business segments; Exhibits112: Chevron Corp. - Key news; Exhibits113: Chevron Corp. - Key offerings; Exhibits114: Chevron Corp. - Segment focus; Exhibits115: SWOT; Exhibits116: China Petrochemical Corp. - Overview; Exhibits117: China Petrochemical Corp. - Business segments; Exhibits118: China Petrochemical Corp. - Key offerings; Exhibits119: China Petrochemical Corp. - Segment focus; Exhibits120: SWOT; Exhibits121: CHS Inc - Overview; Exhibits122: CHS Inc - Business segments; Exhibits123: CHS Inc - Key offerings; Exhibits124: CHS Inc - Segment focus; Exhibits125: SWOT; Exhibits126: ConocoPhillips Co. - Overview; Exhibits127: ConocoPhillips Co. - Business segments; Exhibits128: ConocoPhillips Co. - Key offerings; Exhibits129: ConocoPhillips Co. - Segment focus; Exhibits130: SWOT; Exhibits131: Evonik Industries AG - Overview; Exhibits132: Evonik Industries AG - Business segments; Exhibits133: Evonik Industries AG - Key news; Exhibits134: Evonik Industries AG - Key offerings; Exhibits135: Evonik Industries AG - Segment focus; Exhibits136: SWOT; Exhibits137: Ferrellgas - Overview; Exhibits138: Ferrellgas - Product / Service; Exhibits139: Ferrellgas - Key offerings; Exhibits140: SWOT; Exhibits141: Growmark Inc. - Overview; Exhibits142: Growmark Inc. - Product / Service; Exhibits143: Growmark Inc. - Key offerings; Exhibits144: SWOT; Exhibits145: Phillips 66 - Overview; Exhibits146: Phillips 66 - Business segments; Exhibits147: Phillips 66 - Key offerings; Exhibits148: Phillips 66 - Segment focus; Exhibits149: SWOT; Exhibits150: SHV Holdings N.V. - Overview; Exhibits151: SHV Holdings N.V. - Product / Service; Exhibits152: SHV Holdings N.V. - Key offerings; Exhibits153: SWOT; Exhibits154: Suburban Propane Partners L.P. - Overview; Exhibits155: Suburban Propane Partners L.P. - Business segments; Exhibits156: Suburban Propane Partners L.P. - Key offerings; Exhibits157: Suburban Propane Partners L.P. - Segment focus; Exhibits158: SWOT; Exhibits159: Superior Plus Propane - Overview; Exhibits160: Superior Plus Propane - Product / Service; Exhibits161: Superior Plus Propane - Key offerings; Exhibits162: SWOT; Exhibits163: TotalEnergies SE - Overview; Exhibits164: TotalEnergies SE - Business segments; Exhibits165: TotalEnergies SE - Key news; Exhibits166: TotalEnergies SE - Key offerings; Exhibits167: TotalEnergies SE - Segment focus; Exhibits168: SWOT; Exhibits169: Inclusions checklist; Exhibits170: Exclusions checklist; Exhibits171: Currency conversion rates for US$; Exhibits172: Research methodology; Exhibits173: Information sources; Exhibits174: Data validation; Exhibits175: Validation techniques employed for market sizing; Exhibits176: Data synthesis; Exhibits177: 360 degree market analysis; Exhibits178: List of abbreviations