Propane rose to 0.74 USD/Gal on July 11, 2025, up 0.54% from the previous day. Over the past month, Propane's price has fallen 2.75%, and is down 8.50% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Propane - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Propane Prices: Mont Belvieu, Texas (WPROPANEMBTX) from 1992-07-03 to 2025-07-04 about mont belvieu, propane, commodities, and USA.

The global propane market is expected to grow in the forecast period of 2025-2034 at a CAGR of 4.00%.

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US Propane Market Size 2025-2029

The US propane market size is forecast to increase by USD 8.42 billion at a CAGR of 6.6% between 2024 and 2029.

The Propane market in the US is experiencing significant growth, driven by advancements in propane storage and transportation technologies. These innovations have increased the efficiency and safety of propane handling, making it an attractive alternative fuel for various industries, including residential, commercial, and industrial sectors. Furthermore, the development of renewable propane, derived from natural gas processing and biomass, is expanding the market's reach and reducing its carbon footprint. However, the market's growth is not without challenges. Competitive alternative fuels, such as natural gas and electricity, are gaining popularity due to their lower carbon emissions and increasing affordability. To capitalize on market opportunities and navigate these challenges effectively, companies must focus on improving propane's competitiveness through cost reduction, efficiency gains, and the adoption of cleaner production methods.
Additionally, collaboration with government agencies and industry associations to promote the use of propane as a clean and efficient fuel source can help mitigate competition and strengthen the market's strategic landscape.

What will be the size of the US Propane Market during the forecast period?

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The propane market in the US continues to evolve, driven by various factors including propane technology advancements, alternative fuel infrastructure development, and grid modernization projects. Propane's versatility as an energy source, coupled with its environmental sustainability initiatives such as emission reduction and renewable energy integration, positions it as a key player in the energy transition. Propane's adoption is further boosted by smart grid deployment and energy efficiency standards, as well as the increasing focus on energy security policies and sustainable development goals. Propane's competition with natural gas and the emergence of alternative fuels like hydrogen and biodiesel, as well as electric vehicle infrastructure, necessitate continuous innovation and cost savings through propane efficiency improvements, system maintenance, and demand forecasting.
Propane's role in clean energy investments, carbon offsetting programs, and carbon capture technologies also contribute to its market outlook. Propane's price volatility, safety training, and delivery logistics remain critical areas of focus, while regulations compliance and appliance repair are essential for maintaining consumer trust and market growth. Overall, the propane market's future direction is influenced by the interplay of these factors and the evolving energy landscape.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Industrial
  Commercial
  Residential
  Others


Grade Type

  HD-5 propane
  HD-10 propane
  Commercial propane


Type

  Gas
  Liquid


Application

  Heating
  Cooking
  Power Generation
  Motor Fuel
  Industrial Processes
  Others


Geography

  US

By End-user Insights

The industrial segment is estimated to witness significant growth during the forecast period.

Propane, a versatile energy source, plays a significant role in various industries and applications in the US. Its demand is influenced by economic activity, particularly in manufacturing and construction sectors, where propane is used for heating, processing, and other applications. Cold weather increases the demand for propane in industries such as agriculture, food processing, and construction, which rely on it for heating and drying. Seasonal fluctuations in weather patterns also impact short-term demand. Propane competes with other energy sources, including natural gas, electricity, and heating oil. The relative cost of propane versus these alternatives influences demand.

Propane is also used in various applications, such as forklifts, buses, generators, cooking, and heating, offering energy security and independence. Propane innovation continues to drive the market, with advancements in green technology, energy storage, carbon capture, and renewable fuels. Sustainable development and environmental sustainability are key considerations, with regulations focusing on reducing greenhouse gas emissions and improving energy efficiency. The market also includes propane retailers, suppliers, and distributors, offering various services such as fueling, delivery, and conversion. The industrial sector's demand for propane is expected to remain strong, driven by its versatility, efficiency, and competitiveness.

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The global Propane market size reached USD 81.40 Billion in 2021 and is expected to reach USD 122.64 Billion in 2030 registering a CAGR of 4.7%. Propane industry report classifies global market by share, trend, growth and based on form, grade, end-use, and region | Liquefied Petroleum Gas (LPG)

Get the latest insights on price movement and trend analysis of Propane in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Check out Market Research Intellect's Epoxy Propane Market Report, valued at USD 5.2 billion in 2024, with a projected growth to USD 8.1 billion by 2033 at a CAGR of 6.5% (2026-2033).

The Aerosol Grade Propane market has been gaining significant traction in recent years, driven by its versatile applications across various industries, including personal care, household products, and industrial cleaning. Aerosol Grade Propane is primarily used as a propellant in aerosol sprays, offering an efficien

Browse Argus Propane Far East Index vs. Japan C&F Naphtha (Platts) Futures (3NA) market data. Get instant pricing estimates and make batch downloads of binary, CSV, and JSON flat files.

The CME Group Market Data Platform (MDP) 3.0 disseminates event-based bid, ask, trade, and statistical data for CME Group markets and also provides recovery and support services for market data processing. MDP 3.0 includes the introduction of Simple Binary Encoding (SBE) and Event Driven Messaging to the CME Group Market Data Platform. Simple Binary Encoding (SBE) is based on simple primitive encoding, and is optimized for low bandwidth, low latency, and direct data access. Since March 2017, MDP 3.0 has changed from providing aggregated depth at every price level (like CME's legacy FAST feed) to providing full granularity of every order event for every instrument's direct book. MDP 3.0 is the sole data feed for all instruments traded on CME Globex, including futures, options, spreads and combinations. Note: We classify exchange-traded spreads between futures outrights as futures, and option combinations as options.

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The Electronic Grade Propane (C3H8) market is experiencing robust growth, projected to reach $225 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 30.3% from 2025 to 2033. This expansion is driven primarily by the increasing demand from the semiconductor industry, fueled by the burgeoning electronics and technology sectors. The superior purity of electronic grade propane (≥99.999%), essential for minimizing contamination in delicate manufacturing processes, is a key factor contributing to market growth. Furthermore, the rising adoption of advanced manufacturing techniques in other electronic industries, such as displays and printed circuit board fabrication, further fuels demand. While specific restraints are not detailed, potential challenges could include fluctuations in propane prices, stringent regulatory compliance requirements for handling and transportation of this highly pure material, and competition from alternative gases used in similar applications. The market is segmented by application (Semiconductor Industry, Other Electronic Industry) and type (≥99.999% Purity, Others), providing a granular understanding of market dynamics. Key players like Air Liquide and Sumitomo Seika are driving innovation and shaping the competitive landscape. Geographical analysis reveals strong market presence across North America, Europe, and Asia-Pacific, with China and other rapidly developing economies contributing significantly to the growth trajectory. The forecast period (2025-2033) suggests continued expansion of the Electronic Grade Propane market. The high CAGR indicates strong future potential driven by sustained investment in semiconductor fabrication plants and expansion of related electronics industries. While the historical period (2019-2024) data is not available, the 2025 market size and projected CAGR enable a reasonable estimation of past performance and future prospects. Regional growth will likely be influenced by factors such as governmental support for technological advancements, infrastructural development, and economic growth in key regions. Further market segmentation, perhaps by specific application within the semiconductor industry (e.g., etching, cleaning), could yield even more refined insights. Market participants will need to focus on maintaining product purity, efficient supply chains, and innovative solutions to meet the ever-evolving needs of their customers in this technologically driven market.

Global Propane-1,2-Diol Esters of Fatty Acid's market size stood at USD 703.7 million in the year 2022. The use as stabilizer and emulsifier picked up gradually and reached USD 788 million by the year 2025. Sales worldwide between the forecasted period (2025 to 2035) will increase at the rate of a CAGR of 4.2% and reach a size of USD 1,187.3 million in the year 2035.

Attributes	Description
Estimated Global Propane-1,2-Diol Esters of Fatty Acid Market Size (2025E)	USD 788 million
Projected Global Propane-1,2-Diol Esters of Fatty Acid Market Value (2035F)	USD 1,187.3 million
Value-based CAGR (2025 to 2035)	4.2%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	4.0%
H2 (2024 to 2034)	4.1%
H1 (2025 to 2035)	4.1%
H2 (2025 to 2035)	4.2%

Country-wise Insights

Countries	CAGR (2025 to 2035)
USA	4.5%
Germany	4.9%
China	5.6%
Japan	4.2%
India	6.3%

Category-Wise Insights

Segment	Value Share (2025)
Plant (By Source)	47.8%

Segment	Value Share (2025)
Emulsifier (By Functionality)	39.6%

Check out Market Research Intellect's 13-Propane Sultone (13-PS) Market Report, valued at USD 150 million in 2024, with a projected growth to USD 250 million by 2033 at a CAGR of 7.5% (2026-2033).

Check out Market Research Intellect's Electronic Grade Propane(C3H8) Market Report, valued at USD 1.2 billion in 2024, with a projected growth to USD 2.5 billion by 2033 at a CAGR of 9.2% (2026-2033).

The high-purity propane market is experiencing robust growth, with a market size of $87.94 billion in 2025 and a projected Compound Annual Growth Rate (CAGR) of 11.1% from 2025 to 2033. This expansion is driven by increasing demand across diverse sectors, primarily fueled by the pharmaceutical and refrigerant industries' need for ultra-pure propane in manufacturing processes. The rising adoption of sophisticated purification techniques and stringent regulatory standards regarding purity levels further contribute to market growth. Technological advancements leading to higher efficiency and cost-effectiveness in purification methods are also key drivers. While the market faces challenges such as price volatility of raw materials and stringent safety regulations, the long-term outlook remains positive due to its crucial role in various essential applications. The segmentation reveals a strong preference for higher purity grades (0.9999 and above) indicating a growing emphasis on precision and quality control across different applications. The geographical distribution showcases a strong presence in North America and Europe, but emerging markets in Asia-Pacific are poised for significant growth in the coming years owing to rising industrialization and infrastructure development. The competitive landscape is characterized by a mix of established players and emerging companies. Key players are focusing on strategic partnerships, capacity expansions, and product diversification to maintain their market position and capitalize on emerging opportunities. The market is witnessing increasing adoption of sustainable practices, reflecting a growing emphasis on environmental concerns. The ongoing research and development in advanced purification methods promise to further enhance the efficiency, sustainability, and affordability of high-purity propane, driving future growth within the forecast period. This expansion is expected to continue, solidifying the position of high-purity propane as a vital component in several key industries.

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Smart Wireless Propane Tank Meter Market Size 2024-2028

The smart wireless propane tank meter market size is forecast to increase by USD 13.72 th, at a CAGR of 4.52% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing operational efficiency brought about by the emergence of smart wireless propane tank meters. This development is in line with the broader trend of Internet of Things (IoT) and smart home technologies gaining traction in various industries and consumer applications. Furthermore, the availability of subscription-based propane tank monitoring services adds to the market's appeal, enabling customers to effectively manage their propane usage and prevent potential gas leaks or runouts. However, challenges persist in the market. One major obstacle is the initial investment required for implementing smart wireless propane tank meters, which may deter some consumers and businesses from adopting the technology.
Additionally, ensuring the security and privacy of the data transmitted through these systems is essential to build consumer trust and confidence in the technology. Addressing these challenges and continuing to innovate in the areas of affordability, ease of use, and data security will be crucial for market players looking to capitalize on the opportunities presented by the market.

What will be the Size of the Smart Wireless Propane Tank Meter Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The smart wireless propane tank market is characterized by its continuous evolution and dynamic nature, driven by advancements in technology and increasing demand for efficient fuel management solutions. Propane consumption tracking and tank sizing are key applications of IoT sensors and wireless communication in this market. Real-time monitoring of signal strength and propane tank technology ensures accurate fuel level measurement and energy efficiency. Propane tank standards and regulations play a crucial role in market development, influencing tank placement, recycling, and certification. Propane tank innovation continues to unfold, with developments in battery life, mobile app interfaces, and cloud platforms. Propane tank management and fuel management are integral to the industry, with remote data access and alarm notifications enabling proactive maintenance and optimization.

Propane tank alternatives and propane tank retailers offer diverse options for consumers, while installation and setup processes are streamlined through wireless connectivity and calibration and validation procedures. Propane tank lifespan and usage patterns are closely monitored for cost-effectiveness and environmental sustainability. The future of the propane tank market is shaped by ongoing research and development, with a focus on data analytics, fuel management, and safety regulations. Propane tank insurance and delivery scheduling services further enhance the value proposition for consumers. Propane tank suppliers and distributors continue to innovate, offering a range of tank capacities, services, and ROI-focused solutions. Data security and smart home integration are emerging trends, with low power consumption and propane leak detection technologies ensuring safety and efficiency.

The market's ongoing development is influenced by various environmental factors, regulatory requirements, and consumer preferences. Overall, the smart wireless propane tank market is a dynamic and evolving landscape, with a strong focus on innovation, efficiency, and sustainability.

How is this Smart Wireless Propane Tank Meter Industry segmented?

The smart wireless propane tank meter industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD thousand' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Distribution Channel

  Offline
  Online


End-user

  Residential
  Commercial


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  Rest of World (ROW)

.

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

The market encompasses various aspects of propane consumption tracking and management. Propane tank sizing and alternatives are considered, with IoT sensors enabling real-time monitoring and analysis. Signal strength and wireless communication ensure uninterrupted data transfer. Propane tank technology adheres to industry standards, ensuring safe and efficient placement, recycling, and future development. Propane tank insurance, delivery scheduling, and management services are integral to the market. Data analytics and fuel level m

Check out Market Research Intellect's 111-Triethoxypropane Market Report, valued at USD 200 million in 2024, with a projected growth to USD 300 million by 2033 at a CAGR of 5.0% (2026-2033).

The global propane automatic gas dispenser market is experiencing robust growth, driven by increasing demand for efficient and automated refueling solutions across various sectors. The market size in 2025 is estimated at $150 million, exhibiting a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This growth trajectory is fueled by several key factors. The rising adoption of propane as a cleaner alternative fuel in automobiles and motorcades is significantly contributing to market expansion. Furthermore, the increasing focus on automation in the fuel dispensing industry is streamlining operations and enhancing safety, bolstering market demand. The automotive and motorcade segments are currently the major application areas, and we anticipate continued growth in these sectors due to government incentives for cleaner fuels and fleet modernization initiatives. Geographic expansion is also a key factor; North America currently holds a significant market share due to established propane infrastructure and high vehicle adoption rates, but regions like Asia-Pacific are projected to experience substantial growth as infrastructure development progresses and environmental regulations tighten. However, challenges remain. High initial investment costs associated with installing and maintaining propane automatic gas dispensers can hinder market penetration, especially in developing economies. Moreover, the relatively limited availability of propane refueling stations compared to gasoline stations presents a significant obstacle to wider adoption. Overcoming these restraints requires collaboration between governments, fuel providers, and manufacturers to incentivize infrastructure development and promote public awareness of the benefits of propane as a viable transportation fuel. Future growth will depend on the successful mitigation of these challenges and continued innovation in dispenser technology to enhance efficiency and affordability. The segmentation by type (vertical and horizontal) also plays a crucial role in understanding the market dynamics, providing opportunities for specialized product development and market penetration strategies. Comprehensive Report: The Booming Propane Automatic Gas Dispenser Market – A $2 Billion Opportunity This in-depth report provides a comprehensive analysis of the global propane automatic gas dispenser market, projected to reach $2 billion by 2030. It offers invaluable insights for investors, manufacturers, and industry stakeholders seeking to capitalize on this rapidly expanding sector. The report meticulously examines market trends, competitive landscapes, and future growth projections, focusing on key technological advancements and regulatory influences. This detailed analysis covers various market segments, including vertical and horizontal dispensers, applications across automobiles and motorcades, and geographic distribution.

Explore the growing Propane Dehydrogenation (PDH) to Propylene Market, projected to expand at a 9.20% CAGR (2024-30), featuring top companies like KBR Inc., GAIL Limited and Others

Technological advancements in the Propane Water Heaters industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.

The Propane Pressure Regulator market is a critical sector within the broader energy and utilities industry, playing a vital role in the safe and efficient use of propane gas across various applications, including residential heating, commercial cooking, and industrial processes. As a device designed to control the