Press release
Global Butane Market Report - Future Demand and Market Prospect Forecast (2020-2027)
The global Butane market report provided by Global Market Monitor analyzes the industry and major market trends in detail, and divides the market size by volume and value according to application types and geographic locations.
In addition to its direct use as a fuel, butane is used as a solvent for subcritical biotechnology extraction, as a refrigerant and as a feedstock for organic synthesis. In addition, Butane can also be used as an adulterant for motor fuels to control volatile components; as a deasphalting agent for heavy oil refining; as a cooling agent for the conversion of seawater to fresh water; and as a liquefied petroleum gas mixed with propane for domestic heating, cooking and industrial heating, organic synthesis and ethylene manufacturing, and as a feedstock for synthetic rubber and high octane liquid fuels. The global market for butane is expected to reach US$ 61 billion by 2025. Asia Pacific dominates the regional market due to surging demand for natural gas from refineries and chemical processing units in China. Growth in various end-use industries such as automotive and infrastructure in Asia Pacific and Latin America is expected to drive the butane market.
Butane is a colorless gas, soluble in water under pressure at room temperature, soluble in alcohols and chloroform and is flammable and explosive. Used as a solvent, refrigerant and raw material for organic synthesis. Butane is found in oil field gas, wet natural gas and fracking gas.
Butane can be used in the refining process of petroleum and the demand for LPG for various applications will increase, thereby driving the market growth for butane. It is also a significant market driver due to being a government subsidy and good regulations regarding multiple connections.
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Competition Analysis
Major competitors of the global Butane market include:
BP
SINOPEC
Total
Linde
ConocoPhillips
Praxair
CNPC
Shell
Chevron
Air Liquide
Exxon Mobil
Global Butane market: Application segments
Residential/Commercial
Chemical/ Petrochemical
Industrial
Auto fuel
Refinery
Butane Type
LPG
Petrochemicals
Refineries
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Butane Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Butane Market by Types
4 Segmentation of Butane Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Butane Market in Major Countries
7 North America Butane Landscape Analysis
8 Europe Butane Landscape Analysis
9 Asia Pacific Butane Landscape Analysis
10 Latin America, Middle East & Africa Butane Landscape Analysis
11 Major Players Profile
…
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The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
Target Audience:
Butane manufacturers
Distributors and resellers of Butane
Butane industry associations
Product managers, Butane industry administrator, C-level executives of the industries
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
Butane potential investors
Butane key stakeholders
Butane end-user sectors
Research and Development (R&D) companies
Key Features of the Butane Market Report
-Report customization as per the client’s requirements
-Analysis of product segments for Butane market with historical data and forecast
-Learn about the various market strategies that are being adopted by leading companies.
-Global Butane market size & trends, drivers, constraints, growth opportunities, regional and country level analysis, investment opportunities, and recommendations
-It provides a six-year forecast based on Butane market growth forecasts
Available Customizations – Market Monitor offers customizations according to the company's specific needs.
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About Global Market Monitor
Global Market Monitor is a professional modern consulting company, engaged in three major business categories such as market research services, business advisory, technology consulting.
We always maintain the win-win spirit, reliable quality and the vision of keeping pace with The Times, to help enterprises achieve revenue growth, cost reduction, and efficiency improvement, and significantly avoid operational risks, to achieve lean growth. Global Market Monitor has provided professional market research, investment consulting, and competitive intelligence services to thousands of organizations, including start-ups, government agencies, banks, research institutes, industry associations, consulting firms, and investment firms.
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