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Global butane market size is expected to increase significantly over the next seven years on account of growing usage in household & commercial sectors. Demand for butane is directly related to the demand for LPG and is expected to rise owing to the huge consumer demand of LPG. Increasing emission control norms and usage of LPG in the automobile is expected to promote the industry growth.

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Butane Market Size, Share, Growth, Industry Analysis, Trends...

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Butane market size share growth industry analysis trends and forecast report up to 2022 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Butane Market Size, Share, Growth, Industry Analysis, Trends

and Forecast Report up to 2022 | Hexa Research

The global butane market is projected to cross USD 203 billion by 2022. Rising government

support to promote the use of LPG (liquid petroleum gas) as a domestic fuel mainly in Africa

and Asia Pacific will drive the market during the forecast period (2015-2022). Expansion in

the overall natural gas industry is likely to spur the market demand in the near future.

Butane finds usage in fuel manufacturing processes on account of its liquefiable and high

inflammable nature. Also, augmented investment of development of refineries along with an

extension in capacity in the Middle East will propel the butane market further.

The worldwide market can be segmented by applications and regions. Applications are

LPG, petrochemicals, refinery, and others. LPG segment is further divided into the refinery,

auto fuel, residential/commercial, industrial, and chemical/petrochemical. This segment

Contact: +1-800-489-3075

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Butane market size share growth industry analysis trends and forecast report up to 2022 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

dominated the market with 66.1% of total volumes in 2013. The growth could be ascribed to

its escalating demand as a fuel for heating and cooking purposes across industrial,

household, and commercial sectors.

Browse Detail Report@

https://www.hexaresearch.com/research-report/butane-industry

Butane and its isomers are used as a feedstock for manufacturing various petrochemical

intermediates. It is also used for gasoline blending in refineries as oxygenate and to develop

its octane ranking. Auto gas is expected to grow at a rapid pace owing to augmented

inclination of customers towards the adoption of natural gas vehicles.

Main regional segments in global butane market encompass Asia Pacific, Europe, the

Middle East & Africa (MEA), North America, and Rest of the World (RoW). Asia Pacific led

the market with close to 30% of overall demand in 2013. The rising demand of butane in

chemical processing plants and refineries in India and China will drive the regional market

further.

Europe is likely to grow profitably at an average rate of 8% over the forecast period, driving

the butane market. Also, North America is projected to have dynamic growth through its

petrochemicals and auto fuels sectors.

The global butane market is extremely oligopolistic in nature. Leading vendors compete

against each other based on services and overall productivity. While the market covers

several participants and is highly capital concentrated the obstacles to access for novel

competitors are moderately elevated. Key manufacturers operating in this market

encompasses ConocoPhillips Inc., Chevron Corporation British Petroleum (BP), and Exxon

Mobil Corporation.

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Butane market size share growth industry analysis trends and forecast report up to 2022 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Browse Related Category Market Reports@

https://www.hexaresearch.com/research-category/petrochemicals-market

About Us:

Hexa Research is a market research and consulting organization, offering industry reports,

custom research and consulting services to a host of key industries across the globe. We

offer comprehensive business intelligence in the form of industry reports which help our

clients obtain clarity about their business environment and enable them to undertake

strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

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6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: [email protected]

Website - http://www.hexaresearch.com/

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Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


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