Butanes Market – Industry Analysis and Forecast (2022 – 2029) – By Application, and Region.


Butanes Market was valued US$ 84.54 Bn in 2021 and is expected to reach US$ 150.23 Bn by 2029, at a CAGR of around 7.45 % during a forecast period.

Butanes Market Dynamics

The growing demand for LPG from residential and commercial sectors where it is mostly used as a domestic fuel is the major factor driving the market for butanes. Butane used as petrochemical feedstock for producing ethylene and other derivatives is also driving the market for butanes because of growing ethylene capacity in the Middle East. On the other hand, the volatility in crude oil prices and the regulatory issues due to growing environmental concerns are the major factors hindering the market for butanes.

Butanes Market

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Butanes Market Segment Analysis

In terms of application, LPG is the largest application segment for the butane market. Growing consumption of LPG as fuel for heating and cooking purposes in commercial and residential applications has massively contributed to the growth of butane market. Refineries also utilize butane in different combinations to modify the octane rating.
Petrochemical is also a profitable application for butane market and is expected to be the fastest growing segment for the market. The refiner applications for butane embrace over 11% of the total market share.

The global butane market constitutes international and national market players which are majorly governing the oil & gas sector. Butane industry is moderately consolidated with companies rival in terms of refinery output, expansion, and distribution.

Butanes Market Regional Insights

Geographically, Asia Pacific is the leading regional market for butane with China as the major contributing nation. Supportive government policies and subsidies in countries such as India have significantly contributed to the growth of LPG which in turn has resulted in augmented demand of butane. Furthermore, growth of end-use industries such as automobile and petrochemical downstream sector have led to increased consumption of butane in Asia Pacific.

North America is expected to be the second largest region for the butane market with the U.S. as a major contributing nation. The rapid development in the shale revolution in the country have positively impacted the butane market. North America is predicted to contribute to the sustainable supply of natural gas in the longer term.

This research is especially designed to evaluation and analyze the demand and performance of butanes in a global scenario. The research provides comprehensive analysis of butanes manufacturers, sales, and trend analysis by segments and demand by geography. The report covers all the major segments of the global butanes market and provides detailed analysis, historical data and statistically refined forecast for the segments covered. It also describes the major potential and developing applications for butanes.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global butanes market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global butanes market.

Butanes Market Key Highlights:

• Global Butanes Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Butanes Market

• Global Butanes Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Butanes Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Butanes Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Butanes Market are also profiled.

Butanes Market Scope: Inquire before buying






Global Butanes Market




Report Coverage
Details




Base Year:
2021
Forecast Period:
2022-2029




Historical Data:
2017 to 2021
Market Size in 2021:
US $ 84.53 Bn.




Forecast Period 2022 to 2029 CAGR:
7.45%
Market Size in 2029:
US $ 150.23 Bn.




 Segments Covered:
by Application
• Liquefied Petroleum Gas (LPG)
• Petrochemicals
• Refinery
• Other






Butanes Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

Butanes Market Key Players are:

• British Petroleum Plc
• Chevron
• China National Petroleum Corporation (Cnpc)
• China Petroleum and Chemical Corporation (Sinopec)
• Conocophillips
• Exxon Mobil Corporation
• Royal Dutch Shell
• Total S.A.
• Air Liquide Group
• Linde Group
• Shell
• KNPC
• Gazprom
• Merck KGaA
• BP
• Praxair
• Indian oil Corporation Limited
• Bharat Petroleum Corporatiom Limited
• Qatar Petroleum
• Sinopec
• Valero Energy Corporation

Frequently Asked Questions:

1. Which region has the largest share in Global Butanes Market?
Ans: Asia Pacific region held the highest share in 2021.

2. What is the growth rate of Global Butanes Market?
Ans: The Global Butanes Market is growing at a CAGR of 7.45% during forecasting period 2022-2029.

3. What is scope of the Global Butanes market report?
Ans: Global Butanes Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Butanes market?
Ans: The important key players in the Global Butanes Market are – British Petroleum Plc, Chevron, China National Petroleum Corporation (Cnpc), China Petroleum and Chemical Corporation (Sinopec), Conocophillips, Exxon Mobil Corporation, Royal Dutch Shell, Total S.A., Air Liquide Group, Linde Group, Shell, KNPC, Gazprom, Merck KGaA, BP, Praxair, Indian oil Corporation Limited, Bharat Petroleum Corporatiom Limited, Qatar Petroleum, Sinopec, and Valero Energy Corporation

5. What is the study period of this market?
Ans: The Global Butanes Market is studied from 2021 to 2029. 





Global Butanes Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Global Butanes Market, by Market Value (US$ Bn) & Volume (Tons)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Global Butanes Market Industry Trends
4.8. Global Butanes Market Competitive Landscape
5. Supply Side and Demand Side Indicators

6. Global Butanes Market Analysis and Forecast
6.1. Global Butanes Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Butanes Market Analysis and Forecast, by Application
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Butanes Market Value Share Analysis, by Application
7.4. Global Butanes Market Size (US$ Bn) Forecast, by Application
7.5. Global Butanes Market Analysis, by Application
7.6. Global Butanes Market Attractiveness Analysis, by Application

8. Global Butanes Market Analysis, by Region
8.1. Global Butanes Market Value Share Analysis, by Region
8.2. Global Butanes Market Size (US$ Bn) Forecast, by Region
8.3. Global Butanes Market Attractiveness Analysis, by Region

9. North America Butanes Market Analysis
9.1. Key Findings
9.2. North America Butanes Market Overview
9.3. North America Butanes Market Value Share Analysis, by Application
9.4. North America Butanes Market Forecast, by Application
9.4.1. Liquefied Petroleum Gas (LPG)
9.4.2. Petrochemicals
9.4.3. Refinery
9.4.4. Other
9.5. North America Butanes Market Value Share Analysis, by Country
9.6. North America Butanes Market Forecast, by Country
9.6.1. U.S.
9.6.2. Canada
9.7. North America Butanes Market Analysis, by Country
9.8. U.S. Butanes Market Forecast, by Application
9.8.1. Liquefied Petroleum Gas (LPG)
9.8.2. Petrochemicals
9.8.3. Refinery
9.8.4. Other
9.9. Canada Butanes Market Forecast, by Application
9.9.1. Liquefied Petroleum Gas (LPG)
9.9.2. Petrochemicals
9.9.3. Refinery
9.9.4. Other
9.10. North America Butanes Market Attractiveness Analysis
9.10.1. By Application
9.11. PEST Analysis
9.12. Key Trends
9.13. Key Development

10. Europe Butanes Market Analysis
10.1. Key Findings
10.2. Europe Butanes Market Overview
10.3. Europe Butanes Market Value Share Analysis, by Application
10.4. Europe Butanes Market Forecast, by Application
10.4.1. Liquefied Petroleum Gas (LPG)
10.4.2. Petrochemicals
10.4.3. Refinery
10.4.4. Other
10.5. Europe Butanes Market Value Share Analysis, by Country
10.6. Europe Butanes Market Forecast, by Country
10.6.1. Germany
10.6.2. U.K.
10.6.3. France
10.6.4. Italy
10.6.5. Spain
10.6.6. Rest of Europe
10.7. Europe Butanes Market Analysis, by Country
10.8. Germany Butanes Market Forecast, by Application
10.8.1. Liquefied Petroleum Gas (LPG)
10.8.2. Petrochemicals
10.8.3. Refinery
10.8.4. Other
10.9. U.K. Butanes Market Forecast, by Application
10.9.1. Liquefied Petroleum Gas (LPG)
10.9.2. Petrochemicals
10.9.3. Refinery
10.9.4. Other
10.10. France Butanes Market Forecast, by Application
10.10.1. Liquefied Petroleum Gas (LPG)
10.10.2. Petrochemicals
10.10.3. Refinery
10.10.4. Other
10.11. Italy Butanes Market Forecast, by Application
10.11.1. Liquefied Petroleum Gas (LPG)
10.11.2. Petrochemicals
10.11.3. Refinery
10.11.4. Other
10.12. Spain Butanes Market Forecast, by Application
10.12.1. Liquefied Petroleum Gas (LPG)
10.12.2. Petrochemicals
10.12.3. Refinery
10.12.4. Other
10.13. Rest of Europe Butanes Market Forecast, by Application
10.13.1. Liquefied Petroleum Gas (LPG)
10.13.2. Petrochemicals
10.13.3. Refinery
10.13.4. Other
10.14. Europe Butanes Market Attractiveness Analysis
10.14.1. By Application
10.15. PEST Analysis
10.16. Key Trends
10.17. Key Development

11. Asia Pacific Butanes Market Analysis
11.1. Key Findings
11.2. Asia Pacific Butanes Market Overview
11.3. Asia Pacific Butanes Market Value Share Analysis, by Application
11.4. Asia Pacific Butanes Market Forecast, by Application
11.4.1. Liquefied Petroleum Gas (LPG)
11.4.2. Petrochemicals
11.4.3. Refinery
11.4.4. Other
11.5. Asia Pacific Butanes Market Value Share Analysis, by Country
11.6. Asia Pacific Butanes Market Forecast, by Country
11.6.1. China
11.6.2. India
11.6.3. Japan
11.6.4. ASEAN
11.6.5. Rest of Asia Pacific
11.7. Asia Pacific Butanes Market Analysis, by Country
11.8. China Butanes Market Forecast, by Application
11.8.1. Liquefied Petroleum Gas (LPG)
11.8.2. Petrochemicals
11.8.3. Refinery
11.8.4. Other
11.9. India Butanes Market Forecast, by Application
11.9.1. Liquefied Petroleum Gas (LPG)
11.9.2. Petrochemicals
11.9.3. Refinery
11.9.4. Other
11.10. Japan Butanes Market Forecast, by Application
11.10.1. Liquefied Petroleum Gas (LPG)
11.10.2. Petrochemicals
11.10.3. Refinery
11.10.4. Other
11.11. ASEAN Butanes Market Forecast, by Application
11.11.1. Liquefied Petroleum Gas (LPG)
11.11.2. Petrochemicals
11.11.3. Refinery
11.11.4. Other
11.12. Rest of Asia Pacific Butanes Market Forecast, by Application
11.12.1. Liquefied Petroleum Gas (LPG)
11.12.2. Petrochemicals
11.12.3. Refinery
11.12.4. Other
11.13. Asia Pacific Butanes Market Attractiveness Analysis
11.13.1. By Application
11.14. PEST Analysis
11.15. Key Trends
11.16. Key Development

12. Middle East & Africa Butanes Market Analysis
12.1. Key Findings
12.2. Middle East & Africa Butanes Market Overview
12.3. Middle East & Africa Butanes Market Value Share Analysis, by Application
12.4. Middle East & Africa Butanes Market Forecast, by Application
12.4.1. Liquefied Petroleum Gas (LPG)
12.4.2. Petrochemicals
12.4.3. Refinery
12.4.4. Other
12.5. Middle East & Africa Butanes Market Value Share Analysis, by Country
12.6. Middle East & Africa Butanes Market Forecast, by Country
12.6.1. GCC
12.6.2. South Africa
12.6.3. Rest of Middle East & Africa
12.7. Middle East & Africa Butanes Market Analysis, by Country
12.8. GCC Butanes Market Forecast, by Application
12.8.1. Liquefied Petroleum Gas (LPG)
12.8.2. Petrochemicals
12.8.3. Refinery
12.8.4. Other
12.9. South Africa Butanes Market Forecast, by Application
12.9.1. Liquefied Petroleum Gas (LPG)
12.9.2. Petrochemicals
12.9.3. Refinery
12.9.4. Other
12.10. Rest of Middle East & Africa Butanes Market Forecast, by Application
12.10.1. Liquefied Petroleum Gas (LPG)
12.10.2. Petrochemicals
12.10.3. Refinery
12.10.4. Other
12.11. Middle East & Africa Butanes Market Attractiveness Analysis
12.11.1. By Application
12.12. PEST Analysis
12.13. Key Trends
12.14. Key Development

13. South America Butanes Market Analysis
13.1. Key Findings
13.2. South America Butanes Market Overview
13.3. South America Butanes Market Value Share Analysis, by Application
13.4. South America Butanes Market Forecast, by Application
13.4.1. Liquefied Petroleum Gas (LPG)
13.4.2. Petrochemicals
13.4.3. Refinery
13.4.4. Other
13.5. South America Butanes Market Value Share Analysis, by Country
13.6. South America Butanes Market Forecast, by Country
13.6.1. Brazil
13.6.2. Mexico
13.6.3. Rest of South America
13.7. South America Butanes Market Analysis, by Country
13.8. Brazil Butanes Market Forecast, by Application
13.8.1. Liquefied Petroleum Gas (LPG)
13.8.2. Petrochemicals
13.8.3. Refinery
13.8.4. Other
13.9. Mexico Butanes Market Forecast, by Application
13.9.1. Liquefied Petroleum Gas (LPG)
13.9.2. Petrochemicals
13.9.3. Refinery
13.9.4. Other
13.10. Rest of South America Butanes Market Forecast, by Application
13.10.1. Liquefied Petroleum Gas (LPG)
13.10.2. Petrochemicals
13.10.3. Refinery
13.10.4. Other
13.11. South America Butanes Market Attractiveness Analysis
13.11.1. By Application
13.12. PEST Analysis
13.13. Key Trends
13.14. Key Development

14. Company Profiles
14.1. Market Share Analysis, by Company
14.2. Competition Matrix
14.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
14.2.2. New Product Launches and Product Enhancements
14.2.3. Market Consolidation
14.2.3.1. M&A by Regions, Investment and Applications
14.2.3.2. M&A Key Players, Forward Integration and Backward
Integration
14.3. Company Profiles: Key Players
14.3.1. British Petroleum Plc
14.3.1.1. Company Overview
14.3.1.2. Financial Overview
14.3.1.3. Product Portfolio
14.3.1.4. Business Strategy
14.3.1.5. Recent Developments
14.3.1.6. Company Footprint
14.3.2. Chevron
14.3.3. China National Petroleum Corporation (Cnpc)
14.3.4. China Petroleum and Chemical Corporation (Sinopec)
14.3.5. Conocophillips
14.3.6. Exxon Mobil Corporation
14.3.7. Royal Dutch Shell
14.3.8. Total S.A.
14.3.9. Air Liquide Group
14.3.10. Linde Group
14.3.11.Shell
14.3.12.KNPC
14.3.13.Gazprom
14.3.14.Merck KGaA
14.3.15.BP
14.3.16.Praxair
14.3.17.Indian oil Corporation Limited
14.3.18.Bharat Petroleum Corporatiom Limited
14.3.19.Qatar Petroleum
14.3.20.Sinopec
14.3.21.Valero Energy Corporation

15. Primary Key Insights
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