Global Butane Market by Application (LPG (Chemical/ Petrochemical, Auto fuel, Industrial, Refinery, LPG Residential/Commercial) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Industry Insights
In 2015, the butane market was worth USD 60.01 million. This market is expected to grow significantly over the forecast period. The future outlook is positive due to the rising demand for petroleum gas (LPG), in various applications. Because of its high flammability, and easy liquefiability, butane is used in fuel manufacturing.
In 2015, butane consumption was 138.23 millions tons. This figure is expected to rise steadily in the future. Butane growth may be hindered by volatility in crude oil spot prices and NGL. The industry may face challenges in the coming years due to groundwater contamination from MTBE leakage and the growth of alternative fuels such as ethanol to gasoline blending.
U.S. Butane Market Revenue by Application, 2014-2025 (USD Billion).
Market growth will be boosted by increased capacity expansion and spending on the development refineries and petrochemical compounds, especially in the Middle East. LPG applications will continue to grow due to rising demand for basic energy such as heating and cooking.
Industry participants can expect technological developments from companies to increase the butane application areas. To strengthen their global presence, companies have developed strategies that focus on separate upstream and downstream business units.
Application Insights
LPG accounted for the largest market share in 2015, with 92.12 millions tons of its demand in 2015. The market is expected to grow due to increasing demand for LPG as fuel in the residential and commercial sectors. LPG can be used for heating and cooking purposes. Butane and its isomer can be used to blend gasoline in refineries, as oxygenate, as well as to increase its octane rating.
Isobutane will replace conventional hazardous chlorofluorocarbons. Refineries using fuel gas to improve the fuel's flammability properties are expected to drive the growth between 2016 and 2025. Over the forecast period, the fastest-growing market segment will be the petrochemical.
The forecast period will see an increase in disposable income and standard-of-living, which is expected to boost the growth. Market regulations have been put in place to address the increasing health risks posed by inhalation of butane gases. In the next few years, these regulations and standard acts will have a negative impact on the market.
Regional Insights
Asia Pacific was the dominant region segment due to the rise in demand for gas in China's chemical processing units and refineries. The Asia Pacific region segment was valued at USD 22.17 billion in 2015 and is expected to grow at a 4.2% CAGR over the forecast period. The butane market is expected to grow due to the growth of different end-use industries, such as infrastructure and automotive in Asia Pacific, as well as Latin America.
Favorable government regulations regarding subsidies and multiple connections to LPG are major factors that contributed to the rise in LPG and thus butane demand in these areas. Because of their oil and petroleum resources, the Middle East is the largest regional producer of butane.
Global butane market revenues by region in 2015 (USD Billion).
North America's auto fuel and petrochemicals industries are expected to show positive growth. The rapid development of US shale gas will support sustainable supply of natural gas liquids, and will ultimately benefit the market in the coming years.
Market Share in Butane
Market is a monopolistic market and will likely consolidate. Based on their services and overall profitability, key players compete against one another. The barriers to entry are high because the market is complex and capital-intensive.
Few companies have ever been involved in R&D to develop bio-based alternatives in order create niche applications. To be a market leader in this sector and to sustain existing competitors, the company must bring innovation to product development and substitute products with additional applications.
British Petroleum (BP), ConocoPhillips Inc. and Chevron Corporation are the major players in this sector. Royal Dutch Shell PLC. and China Petroleum and Chemical Corporation(SINOPEC) are other companies that have significant butane operations. Total S.A. and China National Petroleum Corporations (CNPC), Praxair and Linde are also important players in this market.
Report Scope
Attribute |
More Details |
Estimation base year |
2015 |
Actual estimates/Historic data |
2014 & 2015. |
Forecast period |
2016 - 2025 |
Representation of the market |
Revenue in USD billion, Volume in Million Tones, and CAGR between 2016-2025 |
Regional scope |
North America, Europe, Asia Pacific, Central & South America & MEA |
Country coverage |
U.S., Canada, Mexico, UK, Germany, China, India |
Report coverage |
Forecast revenue, competitive landscape, growth factors, and trends |
15% off customization scope (equivalent to 5 analyst work days) |
We will customize the report to provide you with specific market information that is not included in the current report. |
The Report Covers Certain Segments
This report forecasts revenue growth and gives an analysis of the most recent trends in each sub-segment from 2014 to 2025. Up Market Research has divided the global butane market based on application and location.
-
Application Outlook (Volume: Million Tons; Revenue USD Billion, 2014-2025)
-
LPG
-
Residential/Commercial
-
Chemical/ Petrochemical
-
Industrial
-
Auto fuel
-
Refinery
-
Other
-
-
Petrochemicals
-
Refineries
-
Other
-
-
Regional Outlook (Volume: Million Tons; Revenue USD Billion, 2014-2025)
-
North America
-
The U.S.
-
Canada
-
Mexico
-
-
Europe
-
UK
-
Germany
-
ROE
-
-
Asia Pacific
-
China
-
India
-
APAC
-
-
CSA
-
MEA
-
Up Market Research published a new report titled “Butane Market research report which is segmented by Application (LPG (Chemical/ Petrochemical, Auto fuel, Industrial, Refinery, LPG Residential/Commercial), By Players/Companies China National Petroleum Corporation (CNPC), Total SA, Royal Dutch Shell PLC, Air Liquide, China Petroleum and Chemical Corporation (SINOPEC), Praxair, Linde”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Butane Market Research Report |
By Application (LPG | Chemical/ Petrochemical, Auto fuel, Industrial, Refinery, LPG Residential/Commercial |
By Companies | China National Petroleum Corporation (CNPC), Total SA, Royal Dutch Shell PLC, Air Liquide, China Petroleum and Chemical Corporation (SINOPEC), Praxair, Linde |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 229 |
Number of Tables & Figures | 161 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Butane Market Report Segments:
The market is segmented by Application (LPG (Chemical/ Petrochemical, Auto fuel, Industrial, Refinery, LPG Residential/Commercial).
Butane Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Butane Market
Overview of the regional outlook of the Butane Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Butane Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Butane Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Chemical/ Petrochemical
2. Auto fuel
3. Industrial
4. Refinery
5. LPG Residential/Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Butane Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Butane Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Butane Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Butane Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Butane Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Butane Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Butane Market Size & Forecast, 2018-2028
4.5.1 Butane Market Size and Y-o-Y Growth
4.5.2 Butane Market Absolute $ Opportunity
Chapter 5 Global Butane Market Analysis and Forecast by Application (LPG
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Application (LPG
5.1.2 Basis Point Share (BPS) Analysis by Application (LPG
5.1.3 Absolute $ Opportunity Assessment by Application (LPG
5.2 Butane Market Size Forecast by Application (LPG
5.2.1 Chemical/ Petrochemical
5.2.2 Auto fuel
5.2.3 Industrial
5.2.4 Refinery
5.2.5 LPG Residential/Commercial
5.3 Market Attractiveness Analysis by Application (LPG
Chapter 6 Global Butane Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Butane Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Butane Analysis and Forecast
8.1 Introduction
8.2 North America Butane Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Butane Market Size Forecast by Application (LPG
8.6.1 Chemical/ Petrochemical
8.6.2 Auto fuel
8.6.3 Industrial
8.6.4 Refinery
8.6.5 LPG Residential/Commercial
8.7 Basis Point Share (BPS) Analysis by Application (LPG
8.8 Absolute $ Opportunity Assessment by Application (LPG
8.9 Market Attractiveness Analysis by Application (LPG
Chapter 9 Europe Butane Analysis and Forecast
9.1 Introduction
9.2 Europe Butane Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Butane Market Size Forecast by Application (LPG
9.6.1 Chemical/ Petrochemical
9.6.2 Auto fuel
9.6.3 Industrial
9.6.4 Refinery
9.6.5 LPG Residential/Commercial
9.7 Basis Point Share (BPS) Analysis by Application (LPG
9.8 Absolute $ Opportunity Assessment by Application (LPG
9.9 Market Attractiveness Analysis by Application (LPG
Chapter 10 Asia Pacific Butane Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Butane Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Butane Market Size Forecast by Application (LPG
10.6.1 Chemical/ Petrochemical
10.6.2 Auto fuel
10.6.3 Industrial
10.6.4 Refinery
10.6.5 LPG Residential/Commercial
10.7 Basis Point Share (BPS) Analysis by Application (LPG
10.8 Absolute $ Opportunity Assessment by Application (LPG
10.9 Market Attractiveness Analysis by Application (LPG
Chapter 11 Latin America Butane Analysis and Forecast
11.1 Introduction
11.2 Latin America Butane Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Butane Market Size Forecast by Application (LPG
11.6.1 Chemical/ Petrochemical
11.6.2 Auto fuel
11.6.3 Industrial
11.6.4 Refinery
11.6.5 LPG Residential/Commercial
11.7 Basis Point Share (BPS) Analysis by Application (LPG
11.8 Absolute $ Opportunity Assessment by Application (LPG
11.9 Market Attractiveness Analysis by Application (LPG
Chapter 12 Middle East & Africa (MEA) Butane Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Butane Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Butane Market Size Forecast by Application (LPG
12.6.1 Chemical/ Petrochemical
12.6.2 Auto fuel
12.6.3 Industrial
12.6.4 Refinery
12.6.5 LPG Residential/Commercial
12.7 Basis Point Share (BPS) Analysis by Application (LPG
12.8 Absolute $ Opportunity Assessment by Application (LPG
12.9 Market Attractiveness Analysis by Application (LPG
Chapter 13 Competition Landscape
13.1 Butane Market: Competitive Dashboard
13.2 Global Butane Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 China National Petroleum Corporation (CNPC)
13.3.2 Total SA
13.3.3 Royal Dutch Shell PLC
13.3.4 Air Liquide
13.3.5 China Petroleum and Chemical Corporation (SINOPEC)
13.3.6 Praxair
13.3.7 Linde