Reports and Data estimates the global Butane competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Butane during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Chevron Corporation, Valero Energy Corporation, British Petroleum, China National Petroleum Corporation (CNPC), Devron Energy Corporation, Conocco Phillips Inc, Energy Corporation of America, Exxon Mobil Corporation, Sinopec Group, and Royal Dutch Shell plc, among others.
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Butane Overview :-
The global Butane market is forecast to grow at a rate of 7.2% in terms of value, from 2020 to reach USD 167.09 Billion by 2028, according to a new report by Reports and Data. Butane is a natural gas liquid that is a refinery product with feedstock, such as coal and naphtha. The market is primarily driven by the rising utilization of liquefied petroleum gas. Butane exhibits properties such as high flammability and easy liquefiable and is thus increasingly used in fuel manufacturing and blending. It is also used widely is in the production of petrochemical manufacturing.
The growing demand for LPG is the primary factor driving the market demand from residential sectors where it is used as a domestic fuel. The usage of petrochemical feedstock for producing other derivatives and ethylene are driving the market demand. Rise in the need for energy supply as well as technological developments by companies for increasing the application areas by butane are also driving the butane market during the forecast period. Asia Pacific region led the market share of the Butane market. It is also dominating the market for automotive. Automotive manufacturers are investing heavily in developing various automobiles that run on alternative fuels, such as CNG, and Iso-butane, among others.
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For the purpose of this report Reports and Data has segmented global Butane market on the basis of type, application, and region:
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Isobutane
- N-butane
Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Liquefied petroleum gas (LPG)
- Petrochemicals
- Refineries
- Others
End Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Transportation
- Residential
- Agriculture
- Refrigerant
- Industrial
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Butane during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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