Butene-1 Market Trends, Analysis, & Type Forecast to 2026

The market is estimated to exhibit a 4.1% CAGR from 2016 through 2026, rising from a valuation of US$508.6 mn in 2015 to US$787.8 mn by 2026. Of the key applications of butene-1, the segment of polyethylene co-monomers account for over 65% of the overall market. In terms of geography, China held a nearly 64% share in the market and is expected to continue dominance over the forecast period as well. Presence of a large supplier base and vast production facilities have made the China butene-1 market oversupplied.

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On the basis of geography, the butene-1 market in Asia Pacific has been examined for countries such as China, India, and ASEAN countries. China held a 64.7% share in the market in Asia Pacific in 2015 and is expected to remain the dominant regional player throughout the forecast period as well. Since polyethylene is the chief application segment of the butene-1 market, growth of the polyethylene industry in China is anticipated to boost the demand for butene-1 as well, allowing China to remain the dominant market for butene-1.

Growth in industries such as consumer goods and rising demand for automotive interior and exterior products in China, which has fueled the polybutylene-1 in the country, is also expected to boost the China butene-1 market over the forecast period. The butene-1 market in China is oversupplied owing to the availability of raw materials and presence of key players. The situation has helped satisfy the demand for butene-1 in rest of Asia Pacific. Production of Butene-1 in the ASEAN sub-region is primarily contributed by countries such as Malaysia, Singapore, Thailand, Vietnam, and Philippines. Growing end-user industries and availability of raw materials in ASEAN are anticipated to drive the demand for Butene-1 in the sub-region.

The market is dominated by few companies and poses difficulties for the entry of new vendors. Notable players operating in the butene-1 market in Asia Pacific include Petrochemical Corporation of Singapore (Private) Limited, China Petrochemical Corporation, China National Petroleum Corporation, PetroChina Company Limited, and ONGC Petro additions Limited.

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