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. To know about the Research Methodology :- Request Free Sample ReportButanes 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 AmericaButanes 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