Published Date: August, 2017
Butane is a flammable hydrocarbon gas liquefied through pressurization. Butane is a gaseous fuel derived from petroleum. It is used primarily for camping, cooking and cigarette lighters. Butane is blended with propane and commercially sold as LPG (liquefied petroleum gas). Butane exists in two forms, n-butane and ISO-butane. N-butane is technically butane fuel and iso-butane is an isomer of butane with same chemical formula as butane but different physical properties. Butane is used in fuel manufacturing processes due to its properties such as highly flammable and easily liquefiable.
Figure 1: Global Butane Market by Value 2015 - 2023
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. The rising demand for liquid petroleum gas (LPG) is the key factor driving the growth of global butane market from residential and commercial sectors where it is mainly used as a domestic fuel. 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.
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.
Geographic Coverage and Analysis:
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.
Figure 2: Global Butane Market by Region 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. Growth of automotive & construction industries and infrastructure in Asia Pacific is anticipated to bring more demand for the butane market. 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.
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.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of butane globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of butane.
Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the butane market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the butane market to understand the present and future trends in this market and formulate their strategies accordingly.
1.1 Report Description
1.2 Research Methods
1.3 Research Approaches
2. Executive Summary
3. Global Butane Market Overview
3.2 Market Dynamics
3.3 Porter’s Five Forces Analysis
3.4 IGR – Growth Matrix Analysis
3.5 Competitive Landscape in the Butane Market
4. Global Butane Market : IGR Snapshots
4.1 Global Butane Market Key Trends
4.2 Global Butane Market by Application
5. Global Butane Market by Application (USD Million, KT) 2017 – 2023
5.1.1 Residential & Commercial
5.1.2 Chemical & Petrochemical
6. Global Butane Market Analysis, by Region (USD Million, Kt) 2017 – 2023
6.1 North America
6.1.1 North America Butane Market by Application (USD Million, KT)
6.1.2 North America Butane Market by Country (USD Million, KT)
6.2.1 Europe Butane Market by Application (USD Million, KT)
6.2.2 Europe Butane Market by Country (USD Million, KT)
6.3.1 Asia-Pacific Butane Market by Application (USD Million, KT)
6.3.2 Asia-Pacific Butane Market by Country (USD Million, KT)
6.4 Rest of the World (RoW)
6.4.1 RoW Butane Market by Application (USD Million, KT)
6.4.2 RoW Butane Market by Sub-region (USD Million, KT)
7. Company Profiles
7.1 Valero Energy Corporation
7.2 Sinopec Group
7.3 Exxon Mobil Corp.
7.4 Chevron Corp.
7.5 British Petroleum
7.6 ConocoPhillips Inc.
7.7 Royal Dutch Shell PLC
7.8 Total S.A
7.9 China National Petroleum Corp.