The propane is used as an alternative transportation fuel owing to the high-energy density, clean-burning qualities, and relatively low cost than gasoline, diesel fuel. As the gasoline prices are rising, propane offers viable option as an alternative-fuel source. For instance, on May 2019, the national average price per gallon of propane autogas was USD 1.45. The national average cost of regular grade gasoline was USD 2.86. Owing to such increasing price in the gasoline, the demand for propane is likely to increase in the transportation sector. Also, various proposals has been initiated to replace the diesel vehicles. For instance, a Request for Proposals (RFP) for USD 12,961,400 introduced for school bus replacements by replacing diesel school buses to propane school buses. Such initiatives are boosting the demand for the propane market over the forecast period. Furthermore, in the residential sector, propane is widely used for heating and powering certain appliances. Applications, such as barbeques, water heaters, clothes dryers, stoves, etc., run by propane. As propane is affordable, cleaner alternative to oil, cheaper than electricity and more effective than natural gas, the demand for propane in residential sector is surging.

1. INTRODUCTION

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

5. MARKET SEGMENTATION

6. COMPETITIVE LANDSCAPE

7. MARKET OPPORTUNITIES AND FUTURE TRENDS