市場調查報告書
商品編碼
1423677
到 2030 年丙烷市場預測:按型態、等級、最終用戶和地區進行全球分析Propane Market Forecasts to 2030 - Global Analysis By Form (Gas and Liquid), By Grade (HD-5 Propane, HD-10 Propane and Other Grades), End User and By Geography |
根據Stratistics MRC的數據,2023年全球丙烷市場規模為927.5億美元,預計2030年將達到1,403.9億美元,預測期內複合年成長率為6.1%。
丙烷是一種無色無味的烴類氣體,屬於烷烴家族。從原油精製和天然氣處理中獲得。它被用作加熱、烹飪和電器產品的燃料。丙烷作為壓縮液體儲存和運輸。丙烷以其高效、清潔和多功能性而聞名,可滿足住宅、商業、工業和運輸需求。
根據 ITOPF(2003),委內瑞拉持有西半球最大的石油蘊藏量和最大的精製系統之一。
全球能源消費量增加
人口擴張和工業化程度的提高正在增加對多功能能源來源的需求。丙烷是一種清潔高效的燃料,可滿足各種能源需求,特別是在商業和工業領域。由於丙烷在供暖、烹飪、運輸和各種行業中的用途,丙烷正在成為增加能源消耗的解決方案。此外,其便利的儲存和運輸能力有助於滿足世界日益成長的能源需求。
石油和天然氣價格波動
石油和天然氣價格的波動對丙烷市場構成主要抑制因素。由於丙烷源自這些能源來源,其定價與石油和天然氣市場的波動密切相關。價格的快速變化會直接影響丙烷的成本,進而影響消費者需求和產業投資。價格上漲會降低消費者的負擔能力並促使轉向替代能源。另一方面,不可預測的定價使得依賴丙烷的企業難以做出長期規劃和投資決策,進而影響市場穩定和成長。
與可再生能源整合
作為一種清潔燃燒燃料,丙烷作為可靠的備用能源來源補充了可再生能源解決方案。與太陽能和風能等可再生能源發電技術的兼容性使混合系統成為可能,即使在可再生能源發電間歇性的情況下也能確保穩定的能源供應。此外,丙烷的多功能性使得利用生質能生產可再生丙烷成為可能,從而提高了市場的永續性。這種整合將創造一個更具彈性和更綠色的能源環境,促進環境保護和能源可靠性。
嚴格的環境法規
由於減少排放和可再生能源的壓力越來越大,嚴格的環境法規對市場構成了威脅。隨著遏制溫室氣體排放的法規收緊,丙烷雖然比某些石化燃料更清潔,但其碳排放面臨嚴格審查。競爭性排放法規和永續性措施的成本將會增加,可能會影響丙烷的成本競爭力。此外,有利於可再生替代燃料的政策可能會限制丙烷市場的成長。
COVID-19 大流行對市場產生了顯著影響。停工和限制減少了工業活動,影響了製造業和餐旅服務業等行業的丙烷需求。供應鏈中斷和經濟活動減少也影響了丙烷消耗。然而,由於居家令期間住宅取暖和烹飪的使用增加,市場出現波動。總體而言,疫情導致了需求變化、供應鏈中斷以及丙烷市場動態的變化。
預計液體部分在預測期內將是最大的
由於液體應用多樣化且易於儲存和運輸,預計在預測期內將成長最大。液態丙烷儲存在儲存槽和鋼瓶中,廣泛用於住宅、商業和工業動力來源,用於加熱、烹飪和電器產品。它的多功能性加上成熟的分銷基礎設施使其成為首選。此外,液體在各種工業製程中發揮重要作用。由於這些因素,預計在預測期內液體部分將在丙烷市場中佔據主導地位。
預計交通運輸業在預測期內複合年成長率最高
由於對替代燃料的興趣不斷增加,預計交通運輸業在預測期內將呈現最高的複合年成長率。丙烷的清潔燃燒和低碳排放使其對車隊越來越有吸引力,尤其是公共汽車、送貨卡車和計程車等商業應用。此外,丙烷引擎的技術進步和日益成長的環境問題正在推動丙烷動力車輛的採用並推動該行業的成長。
由於完善的丙烷基礎設施、強勁的工業部門以及強勁的住宅和商業需求,預計北美將在預測期內佔據最大的市場佔有率。此外,擴大採用丙烷作為清潔能源來源以及環境永續性的進展也有助於該地區的優勢。此外,有利的法規結構和丙烷應用的多樣性進一步鞏固了北美的地位。
由於工業化程度的提高、都市化的快速發展以及對清潔能源來源日益成長的興趣,亞太地區有望實現顯著成長。人口成長和經濟發展正在推動各行業的丙烷需求。此外,減少碳排放和轉向清潔燃料的努力進一步推動了丙烷的採用。由於基礎設施的改善和能源多元化計畫投資的增加,亞太地區的丙烷市場在預測期內將大幅擴大。
According to Stratistics MRC, the Global Propane Market is accounted for $92.75 billion in 2023 and is expected to reach $140.39 billion by 2030 growing at a CAGR of 6.1% during the forecast period. Propane is a colorless and odorless hydrocarbon gas belonging to the alkane family. It's derived from crude oil refining and natural gas processing. It is used as a fuel for heating, cooking and powering appliances. Propane is stored and transported as a compressed liquid. It's known for its efficiency, cleanliness and versatility, serving residential, commercial, industrial and transportation needs.
According to ITOPF (2003) Venezuela holds the western hemisphere's largest oil reserves and one of its largest refining systems.
Rising global energy consumption
Due to expanding populations and increasing industrialization, there's a growing need for versatile energy sources. Propane, as a clean-burning and efficient fuel, addresses diverse energy demands, particularly in the commercial and industrial sectors. Its applications in heating, cooking, transportation and various industries position propane as a sought-after solution to meet rising energy consumption. Additionally, its storage convenience and transportability contribute to its role in fulfilling the mounting global energy requirements.
Fluctuations in oil and gas prices
Fluctuations in oil and gas prices pose a significant restraint in the propane market. As propane is derived from these energy sources, its pricing is closely tied to the volatility of the oil and gas markets. Sudden price swings can directly impact propane costs, affecting consumer demand and industry investments. Higher prices may reduce consumer affordability and prompt a shift towards alternative energy sources, while unpredictable pricing makes long-term planning and investment decisions challenging for businesses reliant on propane, impacting market stability and growth.
Integration with renewable energy
Propane, as a clean-burning fuel, complements renewable energy solutions by acting as a reliable backup energy source. Its compatibility with renewable technologies like solar and wind power allows for hybrid systems, ensuring consistent energy supply even during intermittent renewable energy generation. Additionally, propane's versatility enables the production of renewable propane from biomass, advancing the market's sustainability. This integration promotes a more resilient, eco-friendly energy landscape, fostering both environmental conservation and energy reliability.
Stringent environmental regulations
Stringent environmental regulations pose a threat to the market due to increased pressure for reduced emissions and a shift toward renewable energy sources. As regulations tighten to curb greenhouse gases, propane, though cleaner than some fossil fuels, faces scrutiny due to its carbon footprint. Compliance costs for emissions control and sustainability measures may rise, impacting propane's cost competitiveness. Moreover, policies favoring renewable alternatives could limit propane's market growth.
The COVID-19 pandemic had a notable impact on the market. Lockdowns and restrictions reduced industrial operations, affecting propane demand in sectors like manufacturing and hospitality. Disrupted supply chains and reduced economic activity also influenced propane consumption. However, the market saw fluctuations as residential usage increased for heating and cooking amid stay-at-home orders. Overall, the pandemic led to demand shifts, supply chain disruptions, and varying market dynamics for propane.
The liquid segment is expected to be the largest during the forecast period
The liquid segment is anticipated to dominate during the forecast period due to its diverse applications and ease of storage and transportation. Liquid propane, stored in tanks and cylinders, is widely used in the residential, commercial and industrial sectors for heating, cooking and powering appliances. Its versatility, coupled with its established distribution infrastructure, makes it a preferred choice. Additionally, the liquid form is crucial in various industrial processes. These factors contribute to the liquid segment's expected prominence in the propane market over the forecast period.
The transportation segment is expected to have the highest CAGR during the forecast period
The transportation segment is projected to exhibit the highest CAGR during the forecast period owing to escalating interest in alternative fuels. Propane's cleaner combustion and lower carbon emissions make it increasingly attractive for vehicle fleets, particularly in commercial applications like buses, delivery trucks and taxis. Additionally, technological advancements in propane engines and growing environmental concerns drive the adoption of propane-powered vehicles, fueling segment growth.
North America is anticipated to hold the largest market share during the forecast period due to its well-established propane infrastructure, robust industrial sectors and significant residential and commercial demand. Moreover, increased adoption of propane as a clean energy source and ongoing initiatives for environmental sustainability contribute to its prominence. Additionally, favorable regulatory frameworks and the versatility of propane applications further solidify North America's position.
The Asia Pacific region is poised for substantial growth due to escalating industrialization, burgeoning urbanization and a growing focus on cleaner energy sources. Increasing population and economic development drive demand for propane in diverse sectors. Additionally, initiatives to reduce carbon emissions and shift towards cleaner fuels further boost propane adoption. Improved infrastructure and rising investments in energy diversification initiatives position the Asia Pacific region for significant propane market expansion in the forecasted period.
Key players in the market
Some of the key players in Propane Market include Alliance AutoGas, AmeriGas Partners, L.P., Chevron Corporation, CHS Inc., DCC plc, Eastern Propane & Oil, Energy Transfer LP, Ferrellgas Partners, L.P., Kinder Morgan, Inc., NGL Energy Partners LP, Northern Energy, Paraco Gas Corporation, Parkland Corporation, Sparlings Propane, Suburban Propane Partners, L.P., Superior Plus Corporation, ThompsonGas and UGI Corporation.
In August 2023, Chevron Corporation announced its acquisition of PDC Energy, Inc. The acquisition includes 275,000 net acres in the Denver-Julesburg Basin and 25,000 net acres in the Permian Basin, adding over 1 billion barrels of proved reserves.
In March 2022, KBR and ExxonMobil Catalysts and Licensing LLC ("ExxonMobil") will collaborate to bring significant advancements to propane dehydrogenation (PDH) technology. Under the collaboration, ExxonMobil's new proprietary catalyst technology will be combined with KBR's proprietary K-PRO Propane Dehydrogenation (PDH) technology to convert propane into propylene.