Propane Market Growth Opportunities, Trends, Analysis By 2032

Propane Market Size Was Valued at USD 110.04 Billion in 2024, and is Projected to Reach USD 288.42 Billion by 2032, Growing at a CAGR of 12.8% From 2025-2032.
The global propane market is poised for steady growth, with Asia and the Middle East driving the surge in demand, especially in China where an 8% annual increase is projected from 2018 to 2023. Despite challenges like the pandemic and geopolitical tensions, propane prices have hit record highs, with indications of stability in 2023. Factors such as lingering COVID-19 effects and rising agricultural usage suggest prices may remain stable or even rise further.