Butane Market Size, Share & Trends Report

Butane Market (2023 - 2030) Size, Share & Trends Analysis Report By Application (LPG, Petrochemicals, Refineries, Others) By Region (North America, Europe, APAC, MEA), And Segment Forecasts

Market Segmentation

Butane Application Outlook (Volume, Million tons, Revenue, USD Million; 2018 - 2030)
- Liquid Petroleum Gases (LPG)
  - Residential/Commercial
  - Chemical/Petrochemical
  - Industrial
  - Auto Fuel
  - Refinery
  - Others
- Petrochemicals
- Refineries
- Others
Butane Regional Outlook (Volume, Million tons, Revenue, USD Million; 2018 - 2030)
- North America
  - North America Butane Market, By Application
    - Liquid Petroleum Gases (LPG)
      - Residential/Commercial
      - Chemical/Petrochemical
      - Industrial
      - Auto Fuel
      - Refinery
      - Others
    - Petrochemical
    - Refineries
    - Others
  - U.S.
    - U.S. Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
  - Canada
    - Canada Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
  - Mexico
    - Mexico Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
- Europe
  - Europe Butane Market, By Application
    - Liquid Petroleum Gases (LPG)
      - Residential/Commercial
      - Chemical/Petrochemical
      - Industrial
      - Auto Fuel
      - Refinery
      - Others
    - Petrochemical
    - Refineries
    - Others
  - Germany
    - Germany Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
  - UK
    - UK Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
  - Italy
    - Italy Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
  - Spain
    - Spain Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
  - Russia
    - Russia Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
- Asia Pacific
  - Asia Pacific Butane Market, By Application
    - Liquid Petroleum Gases (LPG)
      - Residential/Commercial
      - Chemical/Petrochemical
      - Industrial
      - Auto Fuel
      - Refinery
      - Others
    - Petrochemical
    - Refineries
    - Others
  - China
    - China Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
  - India
    - India Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
  - Japan
    - Japan Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
  - South Korea
    - South Korea Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
  - Thailand
    - Thailand Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
  - Malaysia
    - Malaysia Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
- Central & South America
  - Central & South America Butane Market, By Application
    - Liquid Petroleum Gases (LPG)
      - Residential/Commercial
      - Chemical/Petrochemical
      - Industrial
      - Auto Fuel
      - Refinery
      - Others
    - Petrochemical
    - Refineries
    - Others
  - Brazil
    - Brazil Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
  - Argentina
    - Argentina Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
- Middle East & Africa
  - Middle East & Africa Butane Market, By Application
    - Liquid Petroleum Gases (LPG)
      - Residential/Commercial
      - Chemical/Petrochemical
      - Industrial
      - Auto Fuel
      - Refinery
      - Others
    - Petrochemical
    - Refineries
    - Others
  - Saudi Arabia
    - Saudi Arabia Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others
  - Iran
    - Iran Butane Market, By Application
      - Liquid Petroleum Gases (LPG)
        
        Residential/Commercial
        
        Chemical/Petrochemical
        
        Industrial
        
        Auto Fuel
        
        Refinery
        
        Others
      - Petrochemicals
      - Refineries
      - Others

Butane Market Dynamics

Driver: Increasing Penetration of LPG as Domestic Fuel in Emerging Markets

The majority of produced butanes are used for producing LPG, which alone accounts for over two-thirds of the overall butane market worldwide. LPG is widely used in various areas such as residential, commercial, automobile, and agriculture, as it is considered to be an eco-friendly and highly replaceable energy source. One of the significant advantages of LPG is its low CO2 emissions, making it an efficient alternative to conventional fossil fuels. LPG also has excellent potential for replacing various cooking fuels, which are still in use in developing countries. Compared to other biomass sources, LPG is a safer, cleaner, and cheaper source of energy. The fuel's energy conversion efficiency is expected to boost the market growth in the coming years. Government programs promoting the adoption of modern fuel sources and efficient biomass cooking stoves are anticipated to facilitate the growth of the LPG industry.

Driver: Growth of Global Auto Gas Vehicles Industry

Auto gas is a term used to refer to Automotive Liquefied Petroleum Gas. It is used as a fuel for automobiles in many parts of the world. Auto gas is preferred over other fuels due to its high energy content. Automotive Liquefied Petroleum Gas, commonly known as auto gas, is a fuel that is used in cars across many regions of the world. Auto gas has a high energy content and burns easily when compared to other fuels. The consumption of auto gas has seen a rapid increase in recent years due to its environmental benefits. Furthermore, auto gas is preferred over oil-based fuels such as gasoline or diesel, due to its cost-effective and functional advantages. Auto gas vehicles have favorable operational and performance characteristics when compared to other fuels. Auto gas provides operational benefits like low maintenance, less soot formation, and reduced frequency of changing the spark plug an

Restraint: Volatility of Raw Material Prices

Both crude oil and natural gas liquids are internationally traded commodities and their prices depend on several factors such as geopolitics, spot prices, and several financial derivatives among others. Crude oil and natural gas are commodities that are considered to be highly volatile in their pricing nature and this volatility can further be seen in downstream derivatives. Volatility does not always mean an increase in prices, volatility can be both in terms of sudden increase and decrease in prices. This volatile nature of crude oil prices puts pressure on the profitability of plastics producers as the raw materials for various plastics are intermediate products produced from the refining of crude oil.

Opportunity: Conventional and Eco-friendly Fuel

LPG is used as a domestic fuel for cooking and heating in residences and for commercial purposes. The market for LPG as a residential/commercial fuel is penetrating the market on account of government subsidies in some Asian countries. LPG as an auto fuel is the fastest growing segment and holds the maximum potential growth shortly. The growing concerns regarding the impact of conventional fuel on the environment are driving the market for LPG as an auto fuel. LPG is estimated to be 90% cleaner than conventional sources of fuel (diesel/gasoline). In addition, it also holds the advantage of cost against some of the other non-conventional sources of fuel. The infrastructure cost for setting up an LPG auto fuel dispensing station is much less compared to setting up a CNG dispensing station. The use of butane whether directly or in the form of LPG is used in refineries and petrochemicals. Butane is used as a blending agent in the gasoline pool.

What Does This Report Include?

This section will provide insights into the contents included in this butane market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Butane market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments