Butane Market Outlook To 2024
The global butane market was valued at $60.1 billion in 2016 and is expected to reach 81.3 billion by 2024. Rising demand for energy along with increasing application scope such as a fuel for cigarette lighters, as propellants in aerosol sprays, are adding a stable value to the market growth.
Increasing demand for energy is the major driving factor for the growth of Butane market. Also, application in other industries like refineries, petrochemicals, automotive, refrigerants, as a fuel for cigarette lighters, as propellants in aerosol sprays are also adding a stable value to the market growth.
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Key findings from the study: -
o The global Butane market is expected to grow to 81 billion USD by the end of the year 2024 with existing 60.1 billion USD in 2015.
o Butane is a prime compound in Liquefied Petroleum Gas (LPG) and LPG grabs major share in Butane market about 67%.
o Top players in Butane industry include British Petroleum, ConocoPhillips Inc., Chevron Corporation and Exxon Mobil Corporation, Royal Dutch Shell PLC., China Petroleum and Chemical Corporation, Total S.A., China National Petroleum Corporation, Praxair, Linde and Air Liquide.
o Asia Pacific region, contributed key industry share and shares the largest percentage of butane market at present and forecast period due to flagship program of the government of India providing subsidized LPG connection to below poverty line and penetration in rural China.
Ameri Research has segmented the Butane Market by material categories, product type, end-use and region:
This report provides comprehensive analysis of,
o Market growth drivers
o Top players
o Product outlook
o Technology outlook
o North America
o Asia Pacific
o Middle east, Africa
o Petrochemicals & Automobile
Browse Full Report @ www.ameriresearch.com/product/butane-market-size-research-report/
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