Product Code: ETC4694108 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Bhutan Propane Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 5.10% in 2028, following an initial rate of 2.59%, before easing to 4.08% at the end of the period.
In the Asia region, the Propane market in Bhutan is projected to expand at a stable growth rate of 4.68% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
Bhutan`s propane market serves as a vital source of energy for residential, commercial, and industrial applications. Propane is widely used for cooking, heating, and fuel in remote areas where access to electricity and natural gas is limited. The market is driven by the need for clean and efficient energy sources, with government initiatives supporting the adoption of propane to reduce reliance on traditional biomass fuels and enhance energy security.
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The propane market in Bhutan is influenced by factors such as rising energy needs, increased adoption of clean-burning fuels, and the development of infrastructure for propane distribution. Propane is used in various applications including heating, cooking, and as an automotive fuel. The governments initiatives to promote cleaner energy alternatives and the growing demand for residential and industrial heating solutions are key drivers in this market. Additionally, the expansion of propane infrastructure and increased availability of propane-based appliances contribute to market growth.
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Challenges in the Bhutan propane market include the high cost of infrastructure development for storage and distribution, regulatory hurdles, and competition from alternative energy sources. The transportation of propane to remote areas is also a significant logistical challenge.
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The Bhutanese government has been focusing on ensuring energy security and promoting the use of clean energy sources, including propane. Policies include providing subsidies for propane usage, especially in rural areas, to reduce reliance on traditional biomass fuels. The government is also investing in infrastructure for propane distribution and storage. Additionally, there are regulatory measures in place to ensure the safety and efficiency of propane usage. Public awareness campaigns are being conducted to educate the population about the benefits of propane as a clean energy source.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bhutan Propane Market Overview |
3.1 Bhutan Country Macro Economic Indicators |
3.2 Bhutan Propane Market Revenues & Volume, 2021 & 2031F |
3.3 Bhutan Propane Market - Industry Life Cycle |
3.4 Bhutan Propane Market - Porter's Five Forces |
3.5 Bhutan Propane Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Bhutan Propane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bhutan Propane Market Trends |
6 Bhutan Propane Market Segmentations |
6.1 Bhutan Propane Market, By Applications |
6.1.1 Overview and Analysis |
6.1.2 Bhutan Propane Market Revenues & Volume, By Industrial, 2021-2031F |
6.1.3 Bhutan Propane Market Revenues & Volume, By Commercial, 2021-2031F |
6.1.4 Bhutan Propane Market Revenues & Volume, By Residential, 2021-2031F |
6.1.5 Bhutan Propane Market Revenues & Volume, By Transportation, 2021-2031F |
6.1.6 Bhutan Propane Market Revenues & Volume, By Agriculture, 2021-2031F |
6.1.7 Bhutan Propane Market Revenues & Volume, By Chemicals and Refineries, 2021-2031F |
7 Bhutan Propane Market Import-Export Trade Statistics |
7.1 Bhutan Propane Market Export to Major Countries |
7.2 Bhutan Propane Market Imports from Major Countries |
8 Bhutan Propane Market Key Performance Indicators |
9 Bhutan Propane Market - Opportunity Assessment |
9.1 Bhutan Propane Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Bhutan Propane Market - Competitive Landscape |
10.1 Bhutan Propane Market Revenue Share, By Companies, 2024 |
10.2 Bhutan Propane Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |