Global Propane Market (2018 to 2023) - Featuring Exxon Mobil, BP & Royal Dutch Shell Among Others -

  • Mar 19, 2020
  • Business Wire

DUBLIN--(BUSINESS WIRE)--The "Global Propane Market - Procurement Intelligence Report" report has been added to's offering.

The report provides actionable insights to improve source-to-contract cycle performance in the Global Propane Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.

Global Propane Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

Propane is commonly used as a fuel in barbeques and portable gas stoves due to its relatively low boiling point compared with other fuels. It is also used as a propellant, refrigerant, automobile fuel, and petrochemical feedstock apart from use as a fuel in agricultural equipment such as in irrigation engines, grain dryers, and lawn mowers.

The spend momentum of this market will be attributed to the increasing consumption of propane in the autogas sector, especially by the LPG gas segment that uses propane as an intermediate product. The LPG gas from the auto sector will witness a high demand in the coming years owing to a rise in the use of LPG gas as an alternative fuel for automobiles.

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