Butane Market Business Opportunities 2022 - Top Companies are British Petroleum, Chevron Corporation, ConocoPhillips Co., ExxonMobil Corp., Royal Dutch Shell, Sinopec Group

Decresearch has launched a report on Butane Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere. The size of Butane Market was registered at 190 Billion (USD) in the year 2014 and consumption expects to reach over 260 million tons by 2022.

Asia Pacific butane market is estimated to witness substantial growth in the coming years. India and China are the dominant market, accounting for maximum share and revenue generation worth USD 57 billion in 2014. Rising demand for energy and cooking fuel, mainly in rural parts of India and China will boost the regional growth of the butane industry.

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Market Competitors:
o British Petroleum
o Chevron Corporation
o ConocoPhillips Co.
o ExxonMobil Corp.
o Royal Dutch Shell
o Sinopec Group.
o Proton Gases India Pvt. ltd.
o Valero Energy Corporation.
o Aditya Air Product Pvt. Ltd.
o Devon Energy Corporation
o (Basic Chemical Business )
o Energy Corporation of America
o Praxair
o Air Liquide
o Linde AG
o Perenco
o Total S.A.
o Tyumen Oil Company
o China National Petroleum Corporation (CNPC)

Middle East and North Africa regional butane market share occupied over 18% of the total volume in 2014. Potential growth rate can be particularly observed in UAE, Saudi Arabia, Nigeria and Qatar. Petrochemical market is expected to witness fast paced growth in the coming five years in these regions. Increasing application of LPG in feedstock as an alternative for crude oil & natural gas in chemical industries and refineries has propelled the growth of butane industry share.

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o Pages: 102
o Tables: 69
o Charts / Figures: 20
o Companies covered: 18
o Regions covered: 5

Butane market is poised to spectate colossal growth as it finds its major applications across the LPG, petrochemicals, and refinery sectors. The petrochemical application accounted for 16% of the total volume and is further expected to witness highest growth rates over the period of 2015-2022. The upsurge of the petrochemical industry in the Middle East region will notably fuel the butane industry trends. The attributing factor for this regional growth is the increasing demand for butane, which is used in manufacturing of ethylene and butadiene in the Middle East.

LPG butane market is another lucrative application segment, which was worth USD 120 billion in 2014. Ringing application of LPG as cooking fuel and adoption of LPG as a transportation fuel in Asia Pacific regions will push the global industry growth of LPG. Moreover, LPG is also used as heating fuel in cold regions over the globe. Increasing demand for heating application is expected to generate gains over the coming timeframe. Furthermore, Dimethyl ether applications when combined with LPG will find extensive usage in heating and cooking applications. Rising demand for alternatives of LPG will also boost the Dimethyl Ether (DME) Market in the coming years.
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 Data Sources
Chapter 2 Executive Summary
2.1 Butane Industry 3600 synopsis, 2012 - 2022

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