Press release
Graphical Research Releases New Report on the Butane Market 2019-2025 : Graphical Research
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Butane industry size is estimated to surpass 285 million tons by 2024, growing at a CAGR of around 2.5% over the period of 2018-2024. Growing consumption of LPG as compared to oil based fuels like diesel or gasoline due to its functional, environmental, and cost advantages is anticipated to boost the market growth over the forecast period.
However, water contamination by methyl tert-butyl ether release along with growing demand for ethanol as a gasoline alternative is predicted to challenge the market growth over the coming years.
Butane market is segmented in terms of applications and regions.
Applications segment comprises LPG, refinery, and petrochemicals applications.
Petrochemicals application segment is predicted to record highest gains over 2018-2024
Petrochemicals application is predicted to witness a substantial growth over the forecast timeline owing to the increase in Ethylene capacity in the Middle East resulting in heavy butane demand coupled with expansion of the petrochemical industry across this region.
LPG application segment size worth over USD 50 billion in 2017, is projected to witness a noticeable growth over the forecast timeline owing to heavy demand for heating fuels in cold regions along with the use of LPG as a cooking fuel in Asia Pacific regions. Furthermore, many of the countries in Asia and Europe are using LPG as a transportation fuel and this is predicted to drive the demand for butane over the coming eight years.
Asia Pacific butane market is anticipated to witness a significant growth over 2018-2024
Middle East and North America butane market is projected to witness a noticeable growth over the forecast timeframe due to the growing use of LPG as a feedstock in refineries and chemical factories in the region. Saudi Arabia, Nigeria, UAE, and Qatar are predicted to contribute significantly towards the regional growth.
Asia Pacific butane market share worth over USD 25 billion in 2017, is expected to witness a noticeable growth over the forecast timeline as a result of increase in population along with growing fuel requirements for cooking purpose primarily in rural areas of China and India.
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Table of Content
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 List of Data Sources
Chapter 2 Executive Summary
2.1 Butane market snapshot, 2013 - 2024
Chapter 3 Butane Industry Insights
3.1 Market segmentation
3.2 Market size and growth prospects
3.3 Value chain analysis
3.4 Butane market dynamics
3.4.1 Growth drivers
3.4.1.1 Increasing penetration of LPG as a domestic fuel in emerging markets
3.4.1.2 Growth of global autogas vehicle industry
3.4.1.3 Rapid petrochemicals capacity expansion in the Middle East
3.4.2 Industry pitfalls & challenges
3.4.2.1 Increasing demand for substitute products for gasoline blending
3.4.2.2 Volatile raw material supply
3.5 Growth potential analysis, 2017
3.6 Porter’s analysis
3.7 Butane company market share analysis, 2017
3.8 PESTEL analysis
Chapter 4 Butane Market, By Application
4.1 Key application trends
4.2 Liquefied petroleum gas (LPG)
4.2.1 Market estimates and forecast, 2013 - 2024
4.2.2 Market estimates and forecast by region, 2013 - 2024
4.2.3 Global butanes for LPG market by application, 2014 & 2022
4.2.3.1 Market estimates and forecast, 2013 - 2024
4.2.3.2 Market estimates and forecast by application, 2013 - 2024
4.2.3.3 Residential/commercial
4.2.3.3.1 Market estimates and forecast, 2013 - 2024
4.2.3.3.2 Market estimates and forecast by region, 2013 - 2024
4.2.3.4 Chemical/petrochemicals
4.2.3.4.1 Market estimates and forecast, 2013 - 2024
4.2.3.4.2 Market estimates and forecast by region, 2013 - 2024
4.2.3.5 Industrial
4.2.3.5.1 G Market estimates and forecast 2013 - 2024
4.2.3.5.2 Market estimates and forecast by region, 2013 - 2024
4.2.3.6 Auto fuel
4.2.3.6.1 Market estimates and forecast, 2013 - 2024
4.2.3.6.2 Market estimates and forecast by region, 2013 - 2024
4.2.3.7 Refinery
4.2.3.7.1 Market estimates and forecast, 2013 - 2024
4.2.3.7.2 Market estimates and forecast by region, 2013 - 2024
4.2.3.8 Others
4.2.3.8.1 Market estimates and forecast, 2013 - 2024
4.2.3.8.2 Market estimates and forecast by region, 2013 - 2024
4.3 Petrochemicals
4.3.1 Market estimates and forecast, 2013 - 2024
4.3.2 Market estimates and forecast by region, 2013 - 2024
4.4 Refinery
4.4.1 Market estimates and forecast, 2013 - 2024
4.4.2 Market estimates and forecast by region, 2013 - 2024
4.5 Other
4.5.1 Market estimates and forecast, 2013 - 2024
4.5.2 Market estimates and forecast by region, 2013 - 2024
Browse key industry insights along with TOC @ https://www.graphicalresearch.com/table-of-content/1060/butane-market
Contact Us:
Parikhit B.
Corporate sales,
Graphical Research
Email: sales@graphicalresearch.com
Web: https://www.graphicalresearch.com
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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