The global Butane market was valued at US$ 82970 million in 2019 and it is expected to reach US$ 111010 million by the end of 2026, growing at a CAGR of 4.2% during 2021-2026.
Butane is an organic compound with the formula C4H10 that is an alkane with four carbon atoms. Butane is a gas at room temperature and atmospheric pressure.
The global consumption of butane increases from 129.55 Million MT in 2014 to 145.77 Million MT in 2018, at a CAGR of more than 2.38%. In 2018, the global Butane consumption market is led by APAC region and North America, and the former is the largest region consumption market, accounting for about 50.82% of global consumption of Butane, in 2018.
Global Butane Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Butane Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Saudi Aramco, Sinopec, ADNOC, CNPC, Exxon Mobil, KNPC, Phillips66, Bharat Petroleum, Pemex, Total, Qatar Petroleum, Equinor, BP, Gazprom, Chevron Phillips Chemical, ConocoPhillips Company, Shell and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-butane-market-research-report
Segment by Type
Butane can be mainly divided into N-Butane and Isobutane. N-Butane captures about 93.58% of butane market in 2018.
Segment by Application
- LPG and Other Fuel
According to application， butane can be mainly divided into LPG, Petrochemicals and Refineries. LPG and Other Fuel is the largest application direction, which account for 54.31% of butane market in 2018.
Table of Content:
1 Butane Market Overview
2 Butane Market Competition by Manufacturers
3 Butane Retrospective Market Scenario by Region
4 Global Butane Historic Market Analysis by Type
5 Global Butane Historic Market Analysis by Application
6 Key Companies Profiled
7 Butane Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Butane Market Dynamics
10 Global Butane Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.