Butane Market size is anticipated to hit USD 265 million by 2022
Category: #business  By Deepak Pardhi  Date: 2019-09-12
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Butane Market size is anticipated to hit USD 265 million by 2022

Butane Market report gives attention to market segmentation, market size, and forecast of 2018-2024 to help stakeholders in making a good decision for the future investments. The industry report segmented into types, application, and regions with providing production, revenue, import/export.

Global butane market is witnessing vigorous growth due to increasing government support for the use of LPG as domestic fuel. Growing application of LPG in domestic, commercial, and agricultural sector, particularly in Asia Pacific and Africa will bring a huge set of opportunities for the butane market space. Moreover, environmental benefits of using auto gas have encouraged countries such as Australia and Algeria to promote auto gas vehicles. In response to this fact, increasing use of auto gas over gasoline or diesel will further thrive the butane industry growth. According to Global Market Insights, Inc., “Butane Market size is anticipated to surpass USD 265 million by 2022.” 

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Favorable government initiatives in Indonesia and India in regards to usage of LPG as it emits low CO2, has been the key factor driving the industry outlook. For instance, Indonesia government had initiated Paraffin-to-LPG conversion program and distributed 3 kilos refillable LPG cylinder and stove. Moreover, India government has also launched the Rajiv Gandhi Gramin LPG Vitaran program to distribute low cost LPG in rural areas. These respective initiatives will favor butane industry trends over the coming five years.

Asia Pacific butane market is estimated to witness substantial growth in the coming years. India and China are the dominant market, accounting for maximum share and revenue generation worth USD 57 billion in 2014. Rising demand for energy and cooking fuel, mainly in rural parts of India and China will boost the regional growth of the butane industry.

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Middle East and North Africa regional market share occupied over 18% of the total volume in 2014.  Potential growth rate can be particularly observed in UAE, Saudi Arabia, Nigeria and Qatar. Petrochemical market is expected to witness fast paced growth in the coming five years in these regions. Increasing application of LPG in feedstock as an alternative for crude oil & natural gas in chemical industries and refineries has propelled the growth of butane industry share.

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Butane industry is poised to spectate colossal growth as it finds its major applications across the LPG, petrochemicals, and refinery sectors. The petrochemical application accounted for 16% of the total volume and is further expected to witness highest growth rates over the period of 2015-2022. The upsurge of the petrochemical industry in the Middle East region will notably fuel the butane industry trends. The attributing factor for this regional growth is the increasing demand for butane, which is used in manufacturing of ethylene and butadiene in the Middle East.

The butane market is highly fragmented with very few market players. This industry is consolidated with top four market players sharing not more than 40% of the total demand. Within this market, Exxon Mobil is emerging as the market front-runner. Other notable participants include British Petroleum (BP), Devon Energy, ConocoPhillips, Chevron Corp, Total S.A., CNPC, Praxair, Royal Dutch Shell and SINOPEC.

Partial Table of Contents (ToC) of the report:

Chapter 4    Butane Application Insights

4.1    Global butane market volume share by application, 2014 & 2022

4.2    Liquefied petroleum gas (LPG)

4.2.1    Market estimates and forecast, 2012 - 2022

4.2.2    Market estimates and forecast by region, 2012 - 2022

4.2.3    Global butanes for LPG market by application, 2014 & 2022

4.2.3.1   Market estimates and forecast, 2012 - 2022

4.2.3.2   Market estimates and forecast by application, 2012 - 2022

4.2.3.3   Residential/commercial

4.2.3.3.1         Market estimates and forecast, 2012 - 2022

4.2.3.3.2         Market estimates and forecast by region, 2012 - 2022

4.2.3.4   Chemical/petrochemicals

4.2.3.4.1         Market estimates and forecast, 2012 - 2022

4.2.3.4.2         Market estimates and forecast by region, 2012 - 2022

4.2.3.5   Industrial

4.2.3.5.1         G Market estimates and forecast 2012 - 2022

4.2.3.5.2         Market estimates and forecast by region, 2012 - 2022

4.2.3.6   Auto fuel

4.2.3.6.1         Market estimates and forecast, 2012 - 2022

4.2.3.6.2         Market estimates and forecast by region, 2012 - 2022

4.2.3.7   Refinery

4.2.3.7.1         Market estimates and forecast, 2012 - 2022

4.2.3.7.2         Market estimates and forecast by region, 2012 - 2022

4.2.3.8   Others

4.2.3.8.1         Market estimates and forecast, 2012 - 2022

4.2.3.8.2         Market estimates and forecast by region, 2012 - 2022

4.3    Petrochemicals

4.3.1    Market estimates and forecast, 2012 - 2022

4.3.2    Market estimates and forecast by region, 2012 - 2022

4.4    Refinery

4.4.1    Market estimates and forecast, 2012 - 2022

4.4.2    Market estimates and forecast by region, 2012 - 2022

4.5    Other

4.5.1    Market estimates and forecast, 2012 - 2022

4.5.2    Market estimates and forecast by region, 2012 - 2022

Chapter 5    Butane Regional Insights

5.1    Global butanes market volume share by region, 2014 & 2022

5.2    North America

5.2.1    Market estimates and forecast, 2012 - 2022

5.2.2    Market estimates and forecast by application, 2012 - 2022

5.2.3    LPG market estimates and forecast by application, 2012 - 2022

5.3    Europe

5.3.1    Market estimates and forecast, 2012 - 2022

5.3.2    Market estimates and forecast by application, 2012 - 2022

5.3.3    LPG market estimates and forecast by application, 2012 - 2022

5.4    Asia Pacific

5.4.1    Market estimates and forecast, 2012 - 2022

5.4.2    Market estimates and forecast by application, 2012 - 2022

5.4.3    LPG market estimates and forecast by application, 2012 - 2022

5.5    Middle East & North Africa (MENA)

5.5.1    Market estimates and forecast, 2012 - 2022

5.5.2    Market estimates and forecast by application, 2012 - 2022

5.5.3    LPG market estimates and forecast by application, 2012 - 2022

5.6    RoW

5.6.1    Market estimates and forecast, 2012 - 2022

5.6.2    Market estimates and forecast by application, 2012 - 2022

5.6.3    Market estimates and forecast by application, 2012 - 2022

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/butane-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Deepak Pardhi    

Deepak Pardhi

Deepak Pardhi carries a brief yet notable experience in the digital marketing domain having worked on several projects across a range of niche verticals. Deepak is endorsed with a B.Tech degree in electrical & electronics engineering.

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