What's Driving the Growth of the Butane Market Across Industries?

Butane is generally used as a mixture of isomers in a variety of applications. There are two types of isomers n-butane and isobutane mixture of these two isomers. Butane is a colorless, flammable and easily liquefied gas. It is heavier than the air with a density of approximately 575 kg per cubic meters at 15 degree Celsius. Butane has a boiling point of approximately -1 degrees Celsius, while its flash point is approximately -40 degrees Celsius. Butanes are removed from gas processing plants that are found near crude oil or natural gas reserves. Butane can also be used as a byproduct of crude oil production and refining. Butanes are also produced as a by-product of crude oil refining in a refinery.

Butane Market size was valued at USD 61.7 billion in 2023 and is poised to grow from USD 64.41 billion in 2024 to USD 90.91 billion by 2032, growing at a CAGR of 4.4% during the forecast period (2025-2032).

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The crude oil removed from the reservoir is sent to refineries to be processed into various end products such as gasoline, diesel, jet fuel, lubes, etc. Crude oil is processed in a fractionating tower, and various products are recovered from the tower at different temperature levels. These temperature levels are also known as crude cuts. The demand for butane is on the increase, as verification by its increasing use in the automotive and petrochemical industries. This trend is expected to continue even during the forecast period. Butane is mainly used as LPG in residential and commercial purposes for heating and cooking purposes. The demand for butane will increase in the coming years due to increasing use of butane in power generation.

Market Segmentation:

Global Butane Market is segmented by Source, Application and region.

Based on Source, the market is segmented into Natural Gas, and Refining.
Based on Application, the market is segmented into Liquid Petroleum Gases (LPG), Petrochemicals, Refineries and Others.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Butane Market Key Players:

Exxon Mobil Corporation (United States)
BP plc (United Kingdom)
Royal Dutch Shell plc (Netherlands)
TotalEnergies (France)
China National Petroleum Corporation (CNPC) (China)
Chevron Corporation (United States)
Phillips 66 Company (United States)
China Petroleum & Chemical Corporation (Sinopec) (China)
Bharat Petroleum Corporation Limited (India)
Linde plc (United Kingdom)
ConocoPhillips Company (United States)
Merck KGaA (Germany)
Proton Gases India Pvt. Ltd. (India)
Aspire Industries (India)
Heze Sirloong Chemical Co., Ltd. (China)
Do-Well Aerosols (South Korea)
JCK Global Spray Tech Private Limited (India)
Anchor Allied (United Arab Emirates)

Butane Market Regional Insights:

Asia Pacific accounted for the largest share in the global butane market in 2022.Countries such as India, China, Bangladesh, Indonesia and others are contributing significantly to this regional market revenue. The economies of these countries are growing rapidly, and their demand for LPG is increasing. Other businesses that use chemicals, such as hoteliers and chemical manufacturers, may also find these products useful. The outbreak of the Covid-19 has dented the LPG demand in 2020. The demand for LPG dropped in Bangladesh by 40%in just one month, after the imposition of lockdown restrictions. China also reported a lower import of propane during the lockdown restrictions. It reported a 17% fall in propane imports in March 2020.

North America held the second largest market share in the butane market, closely followed by the Middle East and Africa and Europe. Europe largely depends on natural gas supply lines in the region. Russia dominates the consumption of butane in the region due to low prices and large deposits of fossil fuels in the country.

Recent developments:

In March 2024, Trading and Exploitation Company (Tradex), specializing in the marketing of petroleum products, initiated an international tender process to recruit a supplier for 66,000 commercial butane 12.5kg gas cylinders and 600 cylinders of 50 kg each, equipped with a valve and level indicator.

In November 2023, Spartan Delta Corp. announced the completion of a series of asset acquisitions in the West Shale Basin Duvernay for aggregate cash consideration of approximately $25 million and preliminary 2024 guidance.

In May 2023, Trimac Transportation acquired Transport Sylvain Lasalle, a provider of bulk pressure transportation services in Eastern Canada, the company announced Thursday. The Joliette and St. Hyacinthe, Quebec-based company is a leading carrier of propane and butane gas for end users and distribution sites.

What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Butane industry.

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https://insightdigits.exblog.jp/243638769/
https://vinitsawant.hatenablog.com/entry/2025/03/27/202957

Looking ahead, the Butane Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Butane Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.

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