Study on Butane Market by Infinium Global Research is comprehensive presentation of qualitative and quantitative research to identify key trends, growth prospects, drivers, restraints and opportunities in the Global market. The report also deep dives into the sub-segments of Butane Market by applications (LPG, petrochemicals, refineries and others. LPG is further sub segmented into residential & commercial, chemical & petrochemical, auto-fuel, industrial, refinery) through main geographies in the Global Market such as North America, Europe, Asia-Pacific and RoW. Browse through over 100 tables and figures to get complete view of the global and regional markets of Butane over the period of 2017 to 2023. This report also provides the existing competitive scenario of some of the key players of the Global Butane Market which includes company profiling of Valero Energy Corporation, Sinopec Group, Exxon Mobil Corp., Chevron Corp., British Petroleum, ConocoPhillips Inc., Royal Dutch Shell PLC, Total S.A, China National Petroleum Corp., Praxair, Linde and Air Liquide.
The Rising Demand for Liquid Petroleum Gas (LPG) Is the Key Factor Driving the Growth of Global Butane Market
The global butane market was sized over USD 60 billion in 2015. The global butane market is projected to reach USD 81 billion by 2023, growing with a CAGR of x.xx% from 2017 to 2023. Moreover, use of butane as petrochemical feed stock for producing other derivates and ethylene are also driving the growth of this market. Furthermore, rising standards of living and disposable incomes are also anticipated to drive the growth of global butane market over the forecast period. However, volatility in crude oil prices and stringent government regulations owing to growing environmental concerns are the prime factors restraining growth of global butane market. Rising industrialization with capacity expansions of refineries in emerging economies like India and China are likely to bring more opportunities to the butane industry. Increasing need for energy supply in automotive sectors as well as technological developments by companies for increasing the application areas for butane are anticipated to bring more opportunities to global butane market over the forecast period.
Growth of Automotive & Construction Industries and Infrastructure in Asia Pacific is anticipated to bring more Demand for the Butane Market
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023.Asia-Pacific region is the largest as well as the fastest growing butane market in the world accounting more than 50% shares of the overall industry. The global butane market is driven by increase in demand for the gas in refineries and chemical processing units in countries such as India, China, and some others in Asia-Pacific region. Moreover, presence of auto fuel and petrochemicals industry in North America is anticipated to have significant growth over the forecast period. Furthermore, rapid development in the shale gas in the U.S. can support the demand for natural gas liquids, driving the demand for global butane market. However, in RoW region increasing use of LPG in feed stock substitution for crude oil and natural gas in refineries are likely to have positive impact on the demand of butane in the countries like Nigeria, Saudi Arabia and Africa over the forecast period.
Get Sample copy of this Report @ https://www.infiniumglobalresearch.com/reports/sample_request/59
Segments Covered in this Premium Report:
The report segments the global butane market by applications and region. The global butane market is segmented on the basis of application as LPG, petrochemicals, refineries and others. LPG is further sub segmented into residential & commercial, chemical & petrochemical, auto-fuel, industrial, refinery and others. Moreover, LPG dominates the applications segment with share accounting more than 60% in 2015. The residential & commercial growth sub segment is expected to cover 50% of the overall butane industry over the forecast period.
The companies covered in the report include Valero Energy Corporation, Sinopec Group, Exxon Mobil Corp., Chevron Corp., British Petroleum, ConocoPhillips Inc., Royal Dutch Shell PLC, Total S.A, China National Petroleum Corp., Praxair, Linde and Air Liquide.