1-Butene Market Growth Analysis by Key Vendors: Petrochemical Corporation of Singapore (Private) Limited, China Petrochemical Corporation, China National Petroleum Corporation, PetroChina Company Limited and ONGC Petro additions Limited

Global 1-Butene market Overview
The global 1-Butene market is expected to experience an average annual growth rate during the forecast period. The market was worth USD xx million in 2017 and is expected to reach USD xx million by 2021 growing at a CAGR of xx% during the forecast period.

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The presence of key players is what makes the 1-Butene market more and more consolidated. Several important companies are strengthening their production capacity to meet the growing demand for the compound in their region. The competitive landscape presents a low level of threat related to the entry of new players. A growing number of key players are competing for joint ventures in the potentially lucrative markets of China and ASEAN to stay ahead of others. Among the main names are PetroChina Company Limited, China National Petroleum Corporation, China Petrochemical Corporation and Petrochemical Corporation of Singapore (Private) Limited.

The various applications of 1-Butene are n-butyl mercaptan, polyethylene comonomer, poly1-Butene, valeraldehyde and 1 and 2-butylene oxide. Of these, the polyethylene comonomer segment represented the 65% massive share in 2015 in the Asia-Pacific 1-Butene market. This is due to the massive absorption of the compound in the production of high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) in the region.

Drivers and Restraints:
The Global 1-Butene market has witnessed steady expansion over the past few years, owing to the rising demand for plastic packaging materials. The extensive application of 1-Butene in making polybutylene-1 and polyethylene is a notable factor boosting the market. The bold strides made by the packaging industry in the region in the recent years has fueled the demand for 1-Butene. Polybutylene finds vast application in a variety of consumer goods and automotive interiors and exteriors. This is a remarkable factor accentuating the growth of the 1-Butene market. The attractive application of the organic chemical compound in the industrial production of these products is accentuating the growth of the market. Manufacturers and producers are also witnessing lucrative prospects in India and China. In particular, there is oversupply of 1-Butene in China. The substantial usage of polybutylene-1 in making a variety of plastic packaging materials is propelling the growth of the regional market.

Geographic Segmentation:
Geographically, the global 1-Butene market is segmented into North America, Europe, Asia Pacific, Middle east and Africa, and Latin America. The Asia Pacific region is expected to witness tremendous growth in the market owing to the largest supplying base in China, accounting for more than 65% in the regional market. Substantial production capabilities in the country will help it retain its dominance throughout the forecast period. The attractively rising production of 1-Butene in China and ASEAN will open lucrative prospects in the Asia Pacific market.

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Key Players:
Key players operating in the global 1-Butene market are Petrochemical Corporation of Singapore (Private) Limited, China Petrochemical Corporation, China National Petroleum Corporation, PetroChina Company Limited, and ONGC Petro additions Limited.

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.

The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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