Global Butane Market Size, Trends and Growth opportunity, By Application (Liquid Petroleum Gases,Petrochemicals, Refineries, Others) By Region and forecast till 2027.
Report ID : IR100918 | Industries : Chemicals & Materials | Published On :May 2024 | Page Count : 252
Global Butane Market Size, Trends and Growth opportunity, By Application (Liquid Petroleum Gases,Petrochemicals, Refineries, Others) By Region and forecast till 2027.
Global Butane Market
The global Butane market size was valued at USD 112.90 billion in 2021 and is expected to expand USD 149.28 billion at a CAGR of 17.2 % during forecast period 2022- 2027.
Butane is useful in manufacturing of LPG along with petrochemicals. Increaseing demand for LPG in numerous application such as residential cooking, fuel in automobile, industrial agriculture, and others, due to its properties like easy liquefiable and high flammability propelling the market growth.
Market Drivers
Increasing application of butane in the making of LPG act as major factor for the growth of market. Additionally , butane also used for manufacturing various primary petrochemicals and the massive petrochemical capacity results in expansion of the butane market growth. The growing use of butane in the production of automotive gas like Automotive liquefied petroleum gas fuels the market.
Market Restraints
Due to Groundwater contaminant like methyltert-butyl ether leakage hinders the market growth.Additionally the large incidence of human health hazards occurring with inhaling butane gas and a gasoline substitute like ethanol restrict the market growth.
COVID-19 Impact on Global Butane Market
With the Outbreak of COVID-19, the market impacted positively as lockdown is imposed by government resulting in shutdown of restaurants which increases the consumption of LPG for home cooking .
Market Segmentation
The global Butane market segmented on the basis of Application and Region .On the basis of Application it is segmented into Liquid Petroleum Gases (LPG),Petrochemicals, Refineries, Others.
Regional Analysis
The global Butane market segmented into five regions North America,Europe,Asia Pacific,Latin America,MEA. Asia Pacific dominate the market as increase in demand for the gas in refineries and chemical processing unit in this region .
Key Players
Various key players are listed in this report such as British Petroleum,Chevron Corporation, China National Petroleum Corporation, Valero Energy Corporation,Conocco Phillips Inc,Devron Energy Corporation, Exxon Mobil Corporation, Proton Gases India Pvt Ltd, Perenco, Royal Dutch Shell plc, Linde AG, TotalEnergies, Praxair.
Market Taxonomy
• Application Type
o Liquid Petroleum Gases (LPG)
• Residential/Commercial
• Chemical/Petrochemical
• Industrial
• Auto Fuel
• Refinery
• Others
o Petrochemicals
o Refineries
o Others
• By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Butane Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Butane Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Butane Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Butane Market, By Application Type
5.1 Y-o-Y Growth Comparison, By Application
5.2 Global Butane Market Share Analysis, By Application
5.3 Global Butane Market Share Analysis, By Application
5.3.1 Liquid Petroleum Gases
5.3.2 Petrochemicals
5.3.3 Refineries
5.3.4 Others
6 Global Butane Market, By Region
6.1 Global Butane Market Share Analysis, By Region
6.2 Global Butane Market Share Analysis, By Region
7 North America Butane Analysis and Forecast (2022-2027)
7.1 Introduction
7.2 North America Butane Size and Forecast, By Application
7.3 North America Butane Market Size and Forecast, By Country
7.3.1 U.S
7.3.2 Canada
7.3.3 Mexico
8 Europe Butane Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 Europe Butane Market Size and Forecast, By Application
8.3 Europe Butane Market Size and Forecast, By Country
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Rest of Europe
9 Asia Pacific Butane Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Asia-Pacific Butane Market Size and Forecast, By Application
9.3 Asia-Pacific Butane Market Size and Forecast, By Country
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Rest of Asia Pacific
10 Latin America Butane Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Latin America Butane Market Size and Forecast, By Application
10.3 Latin America Butane Market Size and Forecast, By Country
10.3.1 Brazil
10.3.2 Rest of Latin America
11 Middle East Butane Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2Middle East Butane Market Size and Forecast, By Application
11.3 Middle East Butane Market Size and Forecast, By Country
11.3.1. Saudi Arabia
11.3.2. UAE
11.3.3. Egypt
11.3.4. Kuwait
11.3.5. South Africa
12 Competitive Analysis
12.1 Competition Dashboard
12.2 Market share Analysis of Top Vendors
12.3 Key Development Strategies
13 Company Profiles
13.1. British Petroleum
13.1.1 Overview
13.1.2 Offerings
13.1.3 Key Financials
13.1.4 Business Segment & Geographic Overview
13.1.5 Key Market Developments
13.1.6 Key Strategies
13.2. Chevron Corporation
13.2.1 Overview
13.2.2 Offerings
13.2.3 Key Financials
13.2.4 Business Segment & Geographic Overview
13.2.5 Key Market Developments
13.2.6 Key Strategies
13.3. China National Petroleum Corporation
13.3.1 Overview
13.3.2 Offerings
13.3.3 Key Financials
13.3.4 Business Segment & Geographic Overview
13.3.5 Key Market Developments
13.3.6 Key Strategies
13.4. Valero Energy Corporation
13.4.1 Overview
13.4.2 Offerings
13.4.3 Key Financials
13.4.4 Business Segment & Geographic Overview
13.4.5 Key Market Developments
13.4.6 Key Strategies
13.5. Conocco Phillips Inc
13.5.1 Overview
13.5.2 Offerings
13.5.3 Key Financials
13.5.4 Business Segment & Geographic Overview
13.5.5 Key Market Developments
13.5.6 Key Strategies
13.6. Devron Energy Corporation
13.6.1 Overview
13.6.2 Offerings
13.6.3 Key Financials
13.6.4 Business Segment & Geographic Overview
13.6.5 Key Market Developments
13.6.6 Key Strategies
13.7. Exxon Mobil Corporation
13.7.1 Overview
13.7.2 Offerings
13.7.3 Key Financials
13.7.4 Business Segment & Geographic Overview
13.7.5 Key Market Developments
13.7.6 Key Strategies
13.8. Proton Gases India Pvt Ltd
13.8.1 Overview
13.8.2 Offerings
13.8.3 Key Financials
13.8.4 Business Segment & Geographic Overview
13.8.5 Key Market Developments
13.8.6 Key Strategies
13.9. Perenco
13.9.1 Overview
13.9.2 Offerings
13.9.3 Key Financials
13.9.4 Business Segment & Geographic Overview
13.9.5 Key Market Developments
13.9.6 Key Strategies
13.10. Royal Dutch Shell plc
13.10.1 Overview
13.10.2 Offerings
13.10.3 Key Financials
13.10.4 Business Segment & Geographic Overview
13.10.5 Key Market Developments
13.10.6 Key Strategies
13.11. Linde AG
13.11.1 Overview
13.11.2 Offerings
13.11.3 Key Financials
13.11.4 Business Segment & Geographic Overview
13.11.5 Key Market Developments
13.11.6 Key Strategies
13.12. TotalEnergies
13.12.1 Overview
13.12.2 Offerings
13.12.3 Key Financials
13.12.4 Business Segment & Geographic Overview
13.12.5 Key Market Developments
13.12.6 Key Strategies
13.13. Praxair
13.13.1 Overview
13.13.2 Offerings
13.13.3 Key Financials
13.13.4 Business Segment & Geographic Overview
13.13.5 Key Market Developments
13.13.6 Key Strategies