Global Butane Market is Estimated at a Record USD 154.7 Billion by the End of 2030 | Infinium Global Research

The Infinium Global Research analyzes the Butane Market over the period of 2023 to 2030. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global butane market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of butane. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the butane market during the period. The global butane market was valued at USD 92.2 Billion in 2022 and is expected to reach USD 154.7 Billion by 2030 and grow at a CAGR of 6.85% over the forecast period.

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LPG Emerges as the Prime Application

In the global butane market, Liquid Petroleum Gas (LPG) has taken the lead in terms of application. The increased adoption of LPG, especially in countries like India and China, is primarily due to government subsidies, fueling the demand for butane. This surging demand for LPG, used in various residential and commercial applications, is the primary driving force behind the global butane market's growth. Furthermore, butane's role as a petrochemical feedstock, producing ethylene and other derivatives, is propelling the industry forward. Butane also plays a critical role in gasoline production through steam cracking and serves as a fuel for cigarette lighters.

Volatility Challenges Amid Promising Growth

Despite promising growth, the butane market faces challenges due to the volatility in crude oil prices. Fluctuations in oil prices can affect the profits of butane manufacturers, making the market susceptible to instability.

Asia-Pacific and Africa at the Forefront of Demand

Demand for LPG, particularly in China and India, is expected to surge, and other Asian countries like South-East Asia are not far behind. Competitive LPG pricing will drive demand in these regions, potentially outpacing current projections. The Asia Pacific region experienced a 3.5% growth in LPG demand in 2018, with China, India, and Indonesia leading the incremental demand growth. New markets in countries such as China and South Korea are contributing to increased demand for butane, particularly as a key component of LPG.

Expanding Energy Needs Fuel Market Opportunities

With energy consumption on the rise in the Middle East and Africa, there is a growing need for clean-burning fuels like butane. Growing populations and economic development in these regions are driving increased access to energy markets. Low per capita LPG consumption in South Africa relative to its income level reflects high market growth potential. Furthermore, butane's lower carbon content compared to other fuels positions it as an environmentally responsible alternative for industrial power generation. Butane offers a secure, reliable source of electricity with reduced carbon emissions, making it a valuable resource for meeting the growing energy demand in the Middle East and Africa.

Key Players in the Butane Market

Leading players in the global butane market include BP, Chevron Corporation, Exxon Mobil Corporation, China Petrochemical Corporation (Sinopec Group), Valero Energy Corporation, and others, who are driving innovation and advancing the industry.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Butane Market Highlights

2.2. Butane Market Projection

2.3. Butane Market Regional Highlights

Chapter 3. Global Butane Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Analysis of COVID-19 impact on the Butane Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1. IGR-Growth Matrix Analysis by Application

3.5.2. IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Butane Market

Chapter 4. Butane Market Macro Indicator Analysis

Chapter 5. Global Butane Market by Application

5.1. LPG

5.2. Petrochemicals

5.3. Refineries

5.4. Others

Chapter 6. Global Butane Market by Region 2023-2030

6.1. North America

6.1.1. North America Butane Market by Application

6.1.2. North America Butane Market by Country

6.2. Europe

6.2.1. Europe Butane Market by Application

6.2.2. Europe Butane Market by Country

6.3. Asia-Pacific

6.3.1. Asia-Pacific Butane Market by Application

6.3.2. Asia-Pacific Butane Market by Country

6.4. RoW

6.4.1. RoW Butane Market by Application

6.4.2. RoW Butane Market by Sub-region

Chapter 7. Company Profiles and Competitive Landscape

7.1. Competitive Landscape in the Global Butane Market

7.2. Companies Profiles

7.2.1. Valero Energy Corporation

7.2.2. Sinopec Group

7.2.3. Exxon Mobil Corp.

7.2.4. Chevron Corp.

7.2.5. British Petroleum

7.2.6. ConocoPhillips Inc.

7.2.7. Royal Dutch Shell PLC

7.2.8. Total S.A

7.2.9. China National Petroleum Corp.

7.2.10. Praxair

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of Butane.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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