What's Driving the Butane Market Growth? British Petroleum, Chevron Corporation, ConocoPhillips, ExxonMobil, Royal Dutch Shell, Sinopec Group

This is a professional and in-depth study on the current state of the Butane Market. Report initially provides a basic overview of the industry that covers definition, applications and manufacturing technology, post which the report explores into the international players in the market. Butane Market size was over USD 190 billion in 2014 and consumption expects to reach over 260 million tons by 2022.

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Butane market price trend is projected to soften during forecast timeline due to crude oil movement. Rising use of auto gas due to operational cost advantages as compared to oil based fuels like gasoline is projected to promote industry demand. It possesses high energy ingredients and burns easily as compared to other fuels. Use of auto gas as fuel is growing rapidly during past few years owing to ecological advantages.

Application Trends
Global butane market is segmented into various applications like LPG, refinery and petrochemicals.
LPG segment was biggest and contributed higher than $121 billion for 2014. Rising demand for heating fuel in cold locations along with use of fuel for cooking purposes in APAC is anticipated to promote demand of butane for LPG production. Furthermore, most of the Asian and European nations have been accepting LPG as transportation fuel.

Petrochemical segment contributed higher than 16.1% of total demand and is projected to expand substantially during forecast timeline. Growth of the segment in middle east is projected to promote the demand during forecast timeframe.

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

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Regional Trends
Global butane industry is segmented into geographical locations like North America, MENA, Latin America, APAC and Europe.
APAC, led by India and China butane market, contributed key industry share and produced revenue about $57.1 billion for 2014. Increase in population and growing requirement for energy, specifically in rural areas of China and India for cooking is projected to stimulate the demand for butane.

MENA (Middle East and North Africa) market share contributed more than 18.1 % of total size for 2014. Rising use of LPG as feedstock in replacing for natural gas & crude oil in factories and chemical sectors has enhanced the product demand in the region. This region is projected to experience exceptional growth owing to growth in countries like Nigeria, Saudi Arabia, UAE and Qatar.

Partial Table of Contents (ToC) of the report:
Chapter 4 Butane Application Insights
4.1 Global butane market volume share by application, 2014 & 2022
4.2 Liquefied petroleum gas (LPG)
4.2.1 Market estimates and forecast, 2012 - 2022
4.2.2 Market estimates and forecast by region, 2012 - 2022
4.2.3 Global butanes for LPG market by application, 2014 & 2022
4.2.3.1 Market estimates and forecast, 2012 - 2022
4.2.3.2 Market estimates and forecast by application, 2012 - 2022
4.2.3.3 Residential/commercial
4.2.3.3.1 Market estimates and forecast, 2012 - 2022
4.2.3.3.2 Market estimates and forecast by region, 2012 - 2022
4.2.3.4 Chemical/petrochemicals
4.2.3.4.1 Market estimates and forecast, 2012 - 2022
4.2.3.4.2 Market estimates and forecast by region, 2012 - 2022
4.2.3.5 Industrial
4.2.3.5.1 G Market estimates and forecast 2012 - 2022
4.2.3.5.2 Market estimates and forecast by region, 2012 - 2022
4.2.3.6 Auto fuel
4.2.3.6.1 Market estimates and forecast, 2012 - 2022
4.2.3.6.2 Market estimates and forecast by region, 2012 - 2022
4.2.3.7 Refinery
4.2.3.7.1 Market estimates and forecast, 2012 - 2022
4.2.3.7.2 Market estimates and forecast by region, 2012 - 2022
4.2.3.8 Others
4.2.3.8.1 Market estimates and forecast, 2012 - 2022
4.2.3.8.2 Market estimates and forecast by region, 2012 - 2022

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