Global Butanes Market to Reach Valuation of ~US$ 156 BN By 2027: Transparency Market Research

1. Butanes Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved

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3. Butanes Market: Key Highlights According to “Butanes Market - Global Industry Size, Market Share, Trends, Analysis, And Forecasts 2019 - 2027”, a new report published by Transparency Market Research (TMR), the global butane market is estimated to reach US$ 155.7 Billion by the end of 2027, growing from US$ 84.0 Billion back in 2018.  The report states that the butanes market will expand at a CAGR of 7.1% in terms of value from 2019 to 2027. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

4. Increasing demand for Liquefied Petroleum Gas (LPG) to Drive Butanes Market Demand • Butanes are primarily used in liquefied petroleum gas (LPG). The demand for butane is directly proportional to the rise in demand for LPG, since two-thirds of the butane produced globally is used in LPG. • Presently there are many factors driving the global market for butanes. According to the report, the surging demand for LPG as a domestic fuel in commercial and residential sectors is the major factor attributed to the growth of the global butanes market. • The market demand for butane is also fueled by the growing ethylene capacity in the Middle East, since butane is also used as petrochemical feedstock required for producing ethylene and other derivatives.  • The rising demand for LPG witnessed by Asia Pacific countries such as China, India, and others provide great opportunities for butane producers. 

5. Need for Efficient Waste Disposal to Aid Growth According to the report published by TMR, Asia Pacific dominates the butanes market, accounting for almost 42% of the global demand in 2018. The region is closely followed by North America, Middle East & North Africa, and Europe region. Moreover, Asia Pacific and the Middle East & North Africa region are anticipated to grow at significant pace during the forecast period. ©2019 Transparency Market Research, All Rights Reserved

6. Competitive Landscape: Global Butanes Market Exxon Mobil Corporation Royal Dutch Shell China Petroleum & Chemical Corporation (Sinopec) British Petroleum Plc, Chevron Total S.A., Conocophillips China National Petroleum Corporation (CNPC) Bharat Petroleum Corporation Limited Indian Oil Corporation Ltd. Request Sample ©2019 Transparency Market Research, All Rights Reserved

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