Propane rose to 0.80 USD/Gal on March 26, 2026, up 0.78% from the previous day. Over the past month, Propane's price has risen 18.53%, but it is still 9.13% lower than a year ago, 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 March of 2026.

Latest Propane prices Jan 2026: China USD 601/MT, Saudi Arabia USD 525/MT. Explore trends & forecast.

snapshot-tab-pane US Propane Market Size 2026-2030The us propane market size is valued to increase by USD 9.21 billion, at a CAGR of 6.8% from 2025 to 2030. Rural residential construction market growth will drive the us propane market.Major Market Trends & InsightsBy End-user - Industrial segment was valued at USD 8.67 billion in 2024By Grade Type - HD-5 propane segment accounted for the largest market revenue share in 2024Market Size & ForecastMarket Opportunities: USD 14.76 billionMarket Future Opportunities: USD 9.21 billionCAGR from 2025 to 2030 : 6.8%Market SummaryThe propane market in US is a cornerstone of the nation's energy landscape, characterized by its versatility as a fuel for residential, commercial, industrial, and agricultural sectors.Its importance is particularly pronounced in off-grid locations where it functions as a primary heating fuel, a vital component for agricultural crop drying, and a power source for standby power generators, ensuring energy security.The market's infrastructure relies on complex fuel supply logistics, including NGL pipeline networks and cryogenic storage solutions, to move liquefied petroleum gas from natural gas liquids fractionation and petroleum refining sites to end-users. A key business scenario involves optimizing delivery routes for bobtail delivery trucks using tank monitoring telemetry, which can reduce operational expenses and improve customer satisfaction.The industry is also navigating a shift toward sustainability with the adoption of renewable propane production and the expansion of propane autogas as a clean alternative fuel. However, it faces persistent challenges from volatile energy commodity pricing and the competitive pressure of natural gas pipeline encroachment into its traditional service areas, requiring continuous innovation in service and technology.What will be the Size of the US Propane Market during the forecast period? Get Key Insights on Market Forecast (PDF) Request Free SampleHow is the US Propane Market Segmented?The us propane industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2026-2030, as well as historical data from 2020-2024 for the following segments.End-userIndustrialCommercialResidentialOthersGrade typeHD-5 propaneHD-10 propaneCommercial propaneTypeGasLiquidGeographyNorth AmericaUSBy End-user InsightsThe industrial segment is estimated to witness significant growth during the forecast period.The industrial segment is a critical pillar of the propane market in US, where the fuel serves dual roles as a primary energy source and a vital chemical precursor.As a petrochemical feedstock, it is indispensable for producing ethylene and propylene, the building blocks for plastics and synthetic materials. For industrial process heating, its high energy density and clean combustion are leveraged in furnaces and kilns.Facilities utilize industrial gas vaporizers and LPG mixers to manage high-volume consumption for applications like metal cutting and brazing. The use of propane-powered forklifts is standard for indoor material handling, supported by robust on-site fuel storage and LPG handling equipment.Optimized propane midstream services ensure reliable delivery, with supply chain optimization improving efficiency by over 15% and reducing logistical bottlenecks for hazardous material transport. Request Free SampleThe Industrial segment was valued at USD 8.67 billion in 2024 and showed a gradual increase during the forecast period. Request Free SampleMarket DynamicsOur researchers analyzed the data with 2025 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.The propane market in US is navigating a complex landscape defined by specific applications and competitive pressures. The use of HD-5 propane for internal combustion engines is central to the growth of propane autogas for commercial vehicle fleets, whose operators are drawn to the environmental benefits of propane autogas fleets.In the industrial sector, propane as a petrochemical feedstock for plastics manufacturing remains a high-volume application. Simultaneously, the industry is advancing its green credentials through innovations like renewable propane from biomass gasification and exploring the role of propane in hybrid energy systems.For distributors, logistics of propane bobtail delivery routes are being revolutionized by smart tank monitoring for propane distributors, which improves efficiency and customer service. In residential markets, the debate of propane versus natural gas for rural residential heating is a key determinant of market share

View weekly updates and historical trends for US Residential Propane Price. from United States. Source: Energy Information Administration. Track economic …

Graph and download economic data for Propane Prices: Mont Belvieu, Texas (WPROPANEMBTX) from 1992-07-03 to 2026-03-20 about mont belvieu, propane, commodities, and USA.

Learn about the expected 4.00% CAGR growth in the global propane market from 2026 to 2035, including industry dynamics and regional analysis.

The global propane market is booming, with a projected CAGR of 4.33% until 2033. Driven by petrochemical demand and cleaner energy adoption, this market analysis reveals key trends, restraints, and major players like Air Liquide, BP, and Shell. Discover growth opportunities in this expanding sector. Recent developments include: 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., October 2021: Suburban Propane Partners LP announced the extension of its 2020 agreement with U-Haul to provide eco-friendly and renewable propane in California.. Key drivers for this market are: Increase in Demand from the Residential and Transportation Sectors, Demand in the Petrochemical Industry. Potential restraints include: Increase in Demand from the Residential and Transportation Sectors, Demand in the Petrochemical Industry. Notable trends are: Residential Segment to Dominate the Market.

View weekly updates and historical trends for US Wholesale Propane Price. from United States. Source: Energy Information Administration. Track economic da…

In Q4 2025, China, the Liquefied Petroleum Gas Price Index fell by 8.29% quarter-over-quarter, pressured by oversupply. Check detailed insights for Europe and North America.

View weekly updates and historical trends for Minnesota Residential Propane Price. from United States. Source: Energy Information Administration. Track ec…

View weekly updates and historical trends for Wisconsin Residential Propane Price. from United States. Source: Energy Information Administration. Track ec…

Discover the booming Liquefied Propane (LPG) market! This comprehensive analysis reveals key trends, drivers, and restraints, with forecasts to 2033. Learn about regional market share, leading companies, and the future of propane in various sectors like energy, chemicals, and transportation.

View market daily updates and historical trends for Mont Belvieu Propane Spot Price. Source: Energy Information Administration. Track economic data with Y…

Discover the booming Natural Gas Liquids (NGLs) market trends, projected to reach $800 billion by 2033. This comprehensive analysis covers market size, CAGR, key drivers, restraints, regional insights, and leading companies like ExxonMobil and Chevron. Explore the future of propane, ethane, and isobutene in petrochemicals and beyond.

snapshot-tab-pane Smart Wireless Propane Tank Meter Market Size 2024-2028The 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. Request Free SampleThe 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 OfflineOnlineEnd-user ResidentialCommercialGeography North America USEurope GermanyUKAPAC ChinaJapanRest of World (ROW) . By Distribution Channel InsightsThe 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

Propane R290 Heat Pump Hardware Market Outlook

According to our latest research, the global market size for the Propane R290 Heat Pump Hardware Market reached USD 2.1 billion in 2024, with a robust compound annual growth rate (CAGR) of 10.2% observed between 2025 and 2033. This growth is primarily driven by increasing demand for sustainable heating and cooling solutions, heightened regulatory emphasis on low-GWP (Global Warming Potential) refrigerants, and advancements in energy-efficient HVAC technologies. By the end of 2033, the market is expected to reach USD 5.1 billion, reflecting the sector’s rapid adoption and evolving regulatory landscape.

The accelerating shift toward environmentally friendly refrigerants is a significant growth factor for the Propane R290 Heat Pump Hardware Market. Propane, or R290, is recognized for its ultra-low GWP and zero ozone depletion potential, making it a preferred choice as global regulations tighten around the use of hydrofluorocarbons (HFCs). The increased awareness of climate change and the urgent need to reduce carbon emissions have also prompted governments and industry stakeholders to invest heavily in R290-based heat pumps. Technological advancements in compressor design, heat exchanger efficiency, and overall system integration have further enhanced the performance and safety of R290 heat pumps, encouraging widespread adoption across both developed and emerging markets.

Another crucial growth driver is the rising demand for energy-efficient heating and cooling solutions in residential, commercial, and industrial sectors. As energy costs continue to rise and building codes become more stringent, end-users are increasingly opting for heat pump systems that offer superior efficiency and lower operating costs. Propane R290 heat pumps, renowned for their high coefficient of performance (COP) and versatility across a range of temperature conditions, are becoming a go-to solution for new construction projects as well as retrofit installations. The integration of smart controls and IoT-enabled monitoring systems has further elevated the value proposition of R290 heat pumps, enabling predictive maintenance, real-time performance optimization, and seamless integration with renewable energy sources.

The Propane R290 Heat Pump Hardware Market is also benefitting from supportive policy frameworks and financial incentives aimed at accelerating the transition to low-carbon technologies. Various governments, particularly in Europe and Asia Pacific, have introduced subsidies, tax credits, and rebate programs to encourage the adoption of heat pumps using natural refrigerants like R290. These initiatives, coupled with growing consumer environmental consciousness and corporate sustainability commitments, are expected to sustain high growth rates for the foreseeable future. However, challenges such as flammability concerns, upfront costs, and the need for specialized installation and maintenance expertise remain, necessitating ongoing innovation and industry collaboration.

From a regional perspective, Europe holds the largest share of the Propane R290 Heat Pump Hardware Market, accounting for over 38% of the global market value in 2024. This dominance is attributed to stringent environmental regulations, aggressive decarbonization targets, and a mature infrastructure for renewable heating and cooling technologies. The Asia Pacific region is experiencing the fastest growth, driven by rapid urbanization, rising disposable incomes, and government-led initiatives to phase out high-GWP refrigerants. North America is also witnessing steady growth, particularly in the commercial and industrial segments, while Latin America and the Middle East & Africa are emerging markets with significant untapped potential.

Product Type Analysis

The Propane R290 Heat Pump Hardware Market is segmented by product type into Air Source Heat Pumps, Ground Source Heat Pumps, Water Source Heat Pump

Explore the global Propane Torch Burner market analysis, including market size of USD 364.83 million by 2025, a CAGR of 4.7%, key drivers, and segment insights. Discover industry trends and leading companies shaping the future of propane torch burners for medical, food, and business applications.

The dewaxing agent market is booming, driven by rising oil & gas demand and stringent fuel quality standards. Explore market size, CAGR, key players (Ecolab, Price-Driscoll), regional trends (North America, Asia-Pacific), and future growth projections in this comprehensive analysis. Discover the latest trends in methyl ethyl ketone and propane-based dewaxing agents.

snapshot-tab-pane Liquefied Petroleum Gas (LPG) Market Size 2025-2029The liquefied petroleum gas (LPG) market size is valued to increase by USD 55.2 billion, at a CAGR of 3.3% from 2024 to 2029. An increase in the supply of natural gas will drive the liquefied petroleum gas (LPG) market.Major Market Trends & InsightsAPAC dominated the market and accounted for a 58% growth during the forecast period.By End-user - Residential segment was valued at USD 106.40 billion in 2023By Source - Natural gas liquid segment accounted for the largest market revenue share in 2023Market Size & ForecastMarket Opportunities: USD 29.69 billionMarket Future Opportunities: USD 55.20 billionCAGR from 2024 to 2029: 3.3%Market SummaryThe market is a dynamic and ever-evolving sector, driven by the continuous rise in supply of natural gas and the increasing adoption of core technologies such as virtual pipeline technology (VPT). LPG, a versatile and clean-burning fuel, is increasingly gaining popularity as a viable alternative to traditional fossil fuels. However, the market faces challenges from the competition of LPG from other sources of energy, including natural gas and renewable energy. According to recent reports, the global LPG market share held by VPT is projected to reach 20% by 2026, reflecting the growing trend towards more efficient and cost-effective energy solutions.The market's evolution is further influenced by regulatory frameworks, with stricter emissions norms driving the demand for cleaner fuels. These trends and challenges present significant opportunities for market participants, making the LPG sector an exciting space to watch.What will be the Size of the Liquefied Petroleum Gas (LPG) Market during the forecast period?Get Key Insights on Market Forecast (PDF) Request Free SampleHow is the Liquefied Petroleum Gas (LPG) Market Segmented ?The liquefied petroleum gas (LPG) industry 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 ResidentialPetrochemicalIndustrial and commercialTransportOthersSource Natural gas liquidCrude oilDistribution Channel Cylinder DistributionBulkOn-site storageGeography North America USCanadaEurope GermanyUKAPAC AustraliaChinaIndiaJapanSouth KoreaSouth America BrazilRest of World (ROW) By End-user InsightsThe residential segment is estimated to witness significant growth during the forecast period.LPG, or Liquefied Petroleum Gas, is a versatile energy source that plays a significant role in various industries and applications. Approximately 25% of the global LPG consumption is attributed to commercial cooking equipment, highlighting its importance in the foodservice sector. Moreover, leak detection systems, pressure relief valves, and other safety components account for a substantial portion of the market, underlining the industry's commitment to ensuring safety and reliability. LPG is transported using multiple modes, including cylindrical tanks, pipelines, and tanker trucks. Cylindrical tank design is widely adopted due to its cost-effectiveness and ease of use, while spherical tank design offers advantages in terms of safety and efficiency.In the realm of odorization techniques, vapor pressure measurement, and industrial heating systems, LPG's applications continue to expand. Regulations governing LPG safety and emission monitoring are stringent, with liquid level sensors and refrigeration applications playing crucial roles in ensuring compliance. LPG's compatibility with various materials, thermal efficiency, and high calorific value make it an attractive alternative to traditional fuels. Propane autogas fueling, pipeline integrity management, and automotive fuel systems are among the growing applications for LPG. Pressure regulators, flammability limits, and LPG pipeline infrastructure are essential components of the LPG market. Auto ignition temperature and boiling point are critical factors influencing the combustion efficiency and overall performance of LPG.Request Free SampleThe Residential segment was valued at USD 106.40 billion in 2019 and showed a gradual increase during the forecast period.Butane-propane mixtures and gas blending processes are essential for optimizing the energy density comparison between LPG and other fuel sources. LPG cylinder valves, calorific value, and flow control devices are essential components of the LPG market. Residential heating systems, energy density comparison, and specific gravity are key factors driving the demand for LPG in the residential sector. The LPG storage tank market is expected to grow by 15% in the next five years, while the LPG dispensing pumps market is projected to expand by 12

Natural gas liquid (NGL) production proportionally grows with natural gas extraction. The popularity of advanced extraction techniques like hydraulic fracturing has bolstered shale gas production, giving processors a steady revenue flow. The pandemic weakened industrial production and residential and commercial construction, leading to an oversupply of NGLs and causing prices to plummet. This quickly reversed as the economy reopened and natural gas prices surged, spiking production. This growth lasted until 2022, when prices eventually settled down as supply shortages slowly began to wane. Even so, industry-wide revenue swelled at a CAGR of 7.6% through 2025, reaching $99.5 billion, including a modest 17.0% uptick in 2025 alone. Profitability also swelled as processors passed on price hikes to consumers. The ongoing Russia-Ukraine conflict has created NGL supply woes in Europe as Russia has reduced its exports. These supply woes have opened the door for domestic NGL processors to take advantage of the favorable price environment in Europe and strengthen exports. This uptick in demand mitigated the appreciation of the US dollar, which made domestic NGLs more expensive. The EU's need for NGL led to a surge in exports to the country, making the US the largest NGL exporter in the world. Through 2030, revenue is set to stagnate as natural gas prices normalize, following highs over the current period. Nonetheless, expanding industrial production and natural gas extraction will provide processors with a steady stream of business. Even so, with the future of hydraulic fracturing in the air, future regulations can severely hinder production. As European countries look to reduce their dependence on Russian NGLs, exports will remain strong. With the US and EU reaching an agreement to bolster their purchases of NGL over the next three years, through 2028, exports will continue to be a driving force of revenue. Overall, revenue is set to push up at a CAGR of 0.1% through the end of 2030 to total $100.1 billion.