Butane Market - Forecast (2022 - 2027)

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Butane Market Market size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report (2022 - 2027)
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• Butane Market is forecast to reach 115.96
  billion by 2025, after growing at a CAGR of 7.30
  during 2020-2025.
• Butane is an organic compound that refers to
  either of two structural isomers, isobutane (also
  called "methylpropane") or n-butane. The global
  demand for butane is rising due to its growing
  demands from automobile and petrochemical
  industries
• this trend is projected to persist even during
  the forecast period. Butane is mainly used as LPG
  in residential and commercial purposes for
  heating and cooking purposes.

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Key Takeaways

• North America is the second largest region for
  the butane market during the forecast period. The
  rapid advancement in the shale revolution in the
  U.S. has positively impacted the butane market.
• LPG is used both for domestic and industrial
  premises in centralized heating solutions. Some
  other industries that depend mostly on LPG are
  food processing and paper industries. LPG is also
  used to produce electrical energy by running
  turbines.

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• By Distribution Channel- Segment Analysis
• N-Butane segment held the largest share in the
  butane market in 2019. N-Butane is linked in
  straight chain and is blended with gasoline to
  increase its volatility.
• It is derived as a by-product during crude oil
  refining and is extracted during the gas
  processing plants located near natural gas or
  crude oil reservoirs.
• Liquefied Petroleum Gas (LPG) held the largest
  share in the butane market in 2019 growing at a
  CAGR of 6.79 during the forecast period.

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• Butane Market Industry Outlook 
• ExxonMobil,
• Sinopec,
• British Petroleum,
• Conoco Phillips,
• Chevron,
• Valero Energy,
• CNPC,
• Total SA

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Butane Market - Forecast(2022 - 2027) Learn
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