Press release
Global Butene Market to Reach $58.4 Billion by 2034, Growing at a 4.1% CAGR
Butene Market
Butene is a four-carbon linear alkene; which is mainly produced from cracking of hydrocarbons. Petrochemical industry specifically uses butene as an intermediate product in the manufacture of a wide variety of chemical products. It appears in isomeric forms but it is mainly 1-butene and 2-butene. Its properties make it a staple in the production of high-performance plastics, synthetic rubber, and more importantly, as an additive in fuel to make combustion efficiency.
Dive Deeper into Data: Get Your In-Depth Sample Now! https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=83635
Market Segmentation
By Service Type:
Supply
Storage
Distribution
By Sourcing Type:
Crude Oil Refining
Natural Gas Processing
Others
By Application:
Polyethylene Production
Adhesives
Synthetic Rubbers
Lubricants
By Industry Vertical:
Packaging
Automotive
Aerospace
Construction
Chemical Processing
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Regional Analysis
North America: A key market for Butene, driven by a robust petrochemical sector and increasing demand for plastic resins and synthetic materials. The U.S. leads the region in production and consumption.
Europe: Focused on sustainability and innovation, Europe's Butene market benefits from advancements in eco-friendly production methods and regulations promoting renewable petrochemicals.
Asia-Pacific: The fastest-growing region, propelled by significant industrialization, urbanization, and government initiatives supporting chemical industry growth. China and India are prominent contributors.
Latin America: Moderately growing market driven by construction and packaging industry demands, with Brazil leading the way.
Middle East & Africa: The region is expanding due to its abundant oil reserves and increasing investments in downstream petrochemical processing.
Market Drivers and Challenges
Drivers:
Expanding applications in polyethylene manufacturing and synthetic rubbers.
Rising automotive production necessitating advanced materials and additives.
Growing packaging industry driven by e-commerce expansion and urbanization.
Challenges:
Volatile crude oil prices affecting raw material costs.
Environmental concerns and regulatory hurdles surrounding petrochemical production.
Increasing competition from bio-based alternatives.
Market Trends
Sustainability Initiatives: Growing adoption of renewable and bio-based Butene derivatives.
Technological Advancements: Enhanced refining and processing techniques improving yield and efficiency.
Collaborations and Partnerships: Companies forming strategic alliances for resource optimization and market expansion.
Future Outlook
The Butene market is poised for sustained growth over the next decade, bolstered by its pivotal role in various industrial applications. Technological innovations and a shift toward eco-friendly production methods are expected to unlock new growth opportunities.
Key Market Study Points
Impact of technological developments on production efficiency.
Influence of regulatory frameworks on market dynamics.
Comparative analysis of Butene demand across industry verticals.
Emerging opportunities in bio-based Butene products.
Explore Our Report for Comprehensive Insights! https://www.transparencymarketresearch.com/butene-market.html
Competitive Landscape
Key players in the Butene market include ExxonMobil Corporation, LyondellBasell Industries, Royal Dutch Shell, Chevron Phillips Chemical, SABIC, and TPC Group. These companies are focusing on capacity expansions, mergers and acquisitions, and product innovation to maintain competitive advantage.
Recent Developments
ExxonMobil Corporation recently unveiled plans for a new petrochemical facility focused on sustainable Butene production.
Royal Dutch Shell introduced advanced catalysts improving Butene extraction efficiency.
LyondellBasell Industries announced strategic partnerships aimed at advancing bio-based Butene technologies.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Butene Market to Reach $58.4 Billion by 2034, Growing at a 4.1% CAGR here
News-ID: 3800396 • Views: …
More Releases from transparencymarketresearch
Boranophosphates Market to Reach USD 68.1 Mn by 2035: Key Growth Insights
The global boranophosphates market was valued at USD 27.8 Mn in 2024 and is projected to reach USD 68.1 Mn by 2035, growing at a CAGR of 8.5% from 2025 to 2035. This growth is driven by increasing applications in pharmaceuticals, biotechnology, and molecular biology, where boranophosphates are used for their stability and efficiency in therapeutic and diagnostic research.
The boranophosphates market is anticipated to grow at a CAGR of 8.5%…
Copper Pipes & Tubes Market to Reach USD 44 Bn by 2031: Growth at 3.1% CAGR
The global copper pipes & tubes market, valued at USD 32.1 Bn in 2021, is projected to reach USD 44 Bn by 2031, growing at a CAGR of 3.1% from 2022 to 2031. This growth is driven by rising demand across HVAC, plumbing, and industrial applications due to copper's durability, corrosion resistance, and high thermal conductivity. Increasing urbanization, infrastructure development, and advancements in manufacturing technologies are further fueling market expansion.
The…
Oleogels Market to Reach USD 1.6 Billion by 2035, Growing at 6.2% CAGR
The global oleogels market was valued at USD 849.6 million in 2024 and is projected to reach USD 1.6 billion by 2035, growing at a CAGR of 6.2% from 2025 to 2035. This growth is driven by the increasing demand for healthier fat alternatives in food products, expanding applications in pharmaceuticals and cosmetics, and rising consumer preference for plant-based and sustainable ingredients.
The oleogels market is anticipated to grow at a…
Hyaluronic Acid Beauty Products Market to Reach US$ 4.0 Bn by 2031, Growing at 7 …
The global hyaluronic acid beauty products market was valued at US$ 2.1 Bn in 2022 and is projected to reach US$ 4.0 Bn by 2031, growing at a CAGR of 7.4% from 2023 to 2031. This growth is driven by rising demand for advanced skincare solutions, increasing consumer focus on anti-aging and hydration benefits, and the expanding popularity of premium beauty products worldwide.
Hyaluronic acid products are used to boost hydration…
More Releases for Butene
1-Butene Market Competitive Landscape, Growth Factors, Revenue Analysis by 2029
1-Butene Market was valued at USD 1128 million in 2022 and is expected to grow at a CAGR of 18% between 2024 and 2029. 1-Butene Market research analyzes the entire market, industry trends and covers important data about target and potential customers, market dynamics and industry trends. It further focuses on competitor analysis to see the offerings of the competitors. By knowing their offerings, it becomes easy for new entrants…
Butene Market Size, Development, Key Opportunity, Application & Forecast to 2031
Butene Market: Introduction
Transparency Market Research delivers key insights on the global butene market. In terms of revenue, the global butene market is estimated to expand at a CAGR of 3.7% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecast in its report on the global butene market.
Get A Complete Report Details - https://www.transparencymarketresearch.com/butene-market.html
The global butene market is broadly affected by several factors, including…
Know the COVID impact on Global Poly (1-Butene) Market
The report study titled Poly (1-Butene) Market - Global Industry Perspective Comprehensive Analysis and Forecast 2020 - 2028” is to offer industry investors, company executives, and industry participants with in-depth analysis to enable them make informed strategic decisions related to the opportunities in the industry.
Key Topics Covered:
• Market Size in terms of Revenue (USD Million) from 2016 to 2028
• Historical & Descriptive Analysis from 2016 to 2020
• Forecasts & Predictive Analysis from 2021…
Global Butene Propylene Copolymer Market Analysis 2020 Lyondellbasell, REXtac, M …
Global Butene Propylene Copolymer market represents the advanced technology manufacturer with high quality data such as segment wise data, region wise data and qualitative analysis of the data which is collected from industry expert and market participants across the key points of market value chain. The market report is also comes up with the comprehensive study of Butene Propylene Copolymer market insight, historical data from 2015-2019, forecast data from 2020-2025,…
Butene Propylene Copolymer Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Butene Propylene Copolymer Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Click to view the full report TOC, figure and tables:
https://www.globalinforesearch.com/global-butene-propylene-copolymer-market_p132769.html
Scope of the Report:
The worldwide market for…
Global Butene Market Forecast 2017-2022: Evonik, Shell, ExxonMobil, Praxair
Global Butene Market Research Report
A market study ” Global Butene Market ” examines the performance of the Butene market 2017. It encloses an in-depth Research of the Butene market state and the competitive landscape globally. This report analyzes the potential of Butene market in the present and the future prospects from various angles in detail.
Inquiry For Sample Report, Click Here: http://bit.ly/2sV603L
The Global Butene Market 2017 report includes Butene market Revenue,…
