Global Butane Market Size To Reach USD 81.62 Billion By 2025

December 2016 | Report Format: Electronic (PDF)

The global butane market size is expected to reach USD 81.62 billion by 2025, according to a new report by Grand View Research, Inc. Increasing monetary assistance from respective governments in the form of subsidies for LPG coupled with expanding population is expected to drive the market over the forecast period. Growing population and disposable income is projected to push the market growth over the coming years.

Rising industrialization coupled with capacity expansions of refineries in emerging economies of China and India is expected to fuel the butane industry demand. Growing concern regarding the impact of conventional fuel on the environment is projected to boost the LPG application market.

Increasing need for energy supply in automotive sectors is anticipated to drive the growth for butane industry. Wide range of applications of butane in petrochemicals, refrigerants, as a fuel for cigarette lighters, as propellants in aerosol sprays is expected to augment the market positively.

Growing demand for energy consumption on account of rapid urbanization is anticipated to augment butane market over the coming years. Companies such as Valero Energy Corporation, Energy Corporation of America, and Praxair adopted expansion strategies to enhance the production capacity.

 To request a sample copy or view summary of this report, click the link below:

Further key Findings From the Study Suggest:

  • LPG segment dominated the butane application in 2015 accounting for over  66.6% of the global market

  • Increased demand for LPG in residential, commercial, industrial, and refinery is expected to boost the LPG market

  • Butane gas is used in LPG application areas including residential, industrial, autofuel, refinery, and petrochemicals among others

  • Residential & commercial segment is expected to be inhigh demand for LPG application industry by 2025 accounting for over 50.2% of the overall market

  • Asia Pacific region is anticipated to grow at a significant rate of 4.2% over the forecast period owning to growing demand for fuel gas

  • U.S. EPA has filed litigation on the use of MTBE for gasoline blending owing to increased incidences of groundwater contamination

  • Rising investment on LNG by the governments is leading to the production of butane gas, in addition to R&D is expected to propel the market over the coming years

  • Companies such as Sinopec Group, Valero Energy Corporation, and Total S.A. offerservices for refining, industrial, and nuclear power sectors among othersis projected to propel growth of the market

Grand View Research has segmented the butane market on the basis of application and region:

Global Application Outlook (Volume, Million Tons; Revenue, USD Billion, 2014 - 2025)

  • LPG

    • Residential/Commercial

    • Chemical/Petrochemical

    • Industrial

    • Autofuel

    • Refinery

    • Others

  • Petrochemicals

  • Refineries

  • Others

Global Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2014 - 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • RoE

  • Asia Pacific

    • India

    • China

    • RoAPAC

  • CSA

  • MEA

Request Sample
Request for Customization

Choose License Type

Single User - $3,450
Multi User - $4,450
Library Access - $6,950

Buy Chapters or Sections

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA