Global Butanes Market to Reach Valuation of ~US$ 156 BN By 2027: Transparency Market Research - PowerPoint PPT Presentation

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Global Butanes Market to Reach Valuation of ~US$ 156 BN By 2027: Transparency Market Research

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Title: Global Butanes Market to Reach Valuation of ~US$ 156 BN By 2027: Transparency Market Research


1
Butanes Market
  • Global Industry Analysis, Size, Share, Growth,
    Trends and Forecast, 2027

2
About Us
  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
    exclusive blend of quantitative forecasting and
    trends analysis provides forward-looking insight
    for thousands of decision-makers. We have an
    experienced team of Analysts, Researchers, and
    Consultants, who use proprietary data sources and
    various tools and techniques to gather and
    analyze information. Our business offerings
    represent the latest and the most reliable informa
    tion indispensable for businesses to sustain a
    competitive edge.
  • Each TMR Syndicated Research report covers a
    different sectorsuch as pharmaceuticals,
    chemical, energy, food beverages,
    semiconductors, med-devices, consumer goods, and
    technology. These reports provide in-depth
    analysis and deep segmentation to possible micro
    levels. With a wider scope and stratified
    research methodology, our syndicated reports
    strive to serve clients and satisfy their overall
    research requirement.

3
Butanes Market Key Highlights
  • According to Butanes Market - Global Industry
    Size, Market Share, Trends, Analysis, And
    Forecasts 2019 - 2027, a new report published by
    Transparency Market Research (TMR), the
    global butane market is estimated to reach US
    155.7 Billion by the end of 2027, growing
    from US 84.0 Billion back in 2018. 
  • The report states that the butanes market will
    expand at a CAGR of 7.1 in terms of value
    from 2019 to 2027.

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4
Increasing demand for Liquefied Petroleum Gas
(LPG) to Drive Butanes Market Demand
  • Butanes are primarily used in liquefied petroleum
    gas (LPG). The demand for butane is directly
    proportional to the rise in demand for LPG, since
    two-thirds of the butane produced globally is
    used in LPG.
  • Presently there are many factors driving the
    global market for butanes. According to the
    report, the surging demand for LPG as a domestic
    fuel in commercial and residential sectors is the
    major factor attributed to the growth of the
    global butanes market.
  • The market demand for butane is also fueled by
    the growing ethylene capacity in the Middle East,
    since butane is also used as petrochemical
    feedstock required for producing ethylene and
    other derivatives. 
  • The rising demand for LPG witnessed by Asia
    Pacific countries such as China, India, and
    others provide great opportunities for butane
    producers. 

5
Need for Efficient Waste Disposal to Aid Growth
  • According to the report published by TMR, Asia
    Pacific dominates the butanes market, accounting
    for almost 42 of the global demand in 2018. 
  • The region is closely followed by North America,
    Middle East North Africa, and Europe region.
    Moreover, Asia Pacific and the Middle East
    North Africa region are anticipated to grow at
    significant pace during the forecast period.

6
Competitive Landscape Global Butanes Market
  • Exxon Mobil Corporation
  • Royal Dutch Shell
  • China Petroleum Chemical Corporation (Sinopec)
  • British Petroleum Plc, Chevron
  • Total S.A., Conocophillips
  • China National Petroleum Corporation (CNPC)
  • Bharat Petroleum Corporation Limited
  • Indian Oil Corporation Ltd.

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7
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