Butane Market -IGR

1
Butane Market Global Industry Analysis, Trends,
Market Size Forecasts to 2023
2
Infinium Global Research has added a new report
on Global Butane Market. The report predicts the
market size of Butane is expected to reach XX
billion by 2023. Butane is a flammable
hydrocarbon gas liquefied through
pressurization. Butane is a gaseous fuel derived
from petroleum. It is used primarily for
camping, cooking and cigarette lighters. Butane
is blended with propane and commercially sold as
LPG (liquefied petroleum gas). Butane exists in
two forms, n-butane and iso-butane. N-butane is
technically butane fuel and iso-butane is an
isomer of butane with same chemical formula as
butane but different physical properties. Butane
is used in fuel manufacturing processes due to
its properties such as highly flammable and
easily liquefiable. Market Insights The global
Butane market was sized over USD 60 billion in
2015. The global Butane market is projected to
reach USD 81 billion by 2023, growing with a
CAGR of X.XX to X.XX from 2017 to 2023. The
rising demand for Liquid Petroleum Gas (LPG) is
the key factor driving the growth of global
butane market from residential and commercial
sectors where it is mainly used as a domestic
fuel. Moreover, use of butane as petrochemical
feedstock for producing other derivates and
ethylene are also driving the growth of this
3
market. Furthermore, rising standards of living
and disposable incomes are also anticipated to dr
ive
the growth of global butane market
forecast period. However, volatility in
over the crude oil
prices and stringent government regulations owing
to growing environmental concerns are the prime
factors restraining growth of global butane
market. Rising industrialization with capacity
expansions of refineries in emerging economies
like India and China are likely to bring more
opportunities to the butane industry. Increasing
need for energy supply in automotive sectors as
well as technological developments by companies
for increasing the application areas for butane
are anticipated to bring more opportunities to
global butane market over the forecast
period. Get a Sample Report _at_ https//www.infiniu
mglobalresearch.com/Re ports/MakeSampleRequest/59
Segments Covered The report segments the
global Butane market by applications and region.
The global butane market is segmented on the
basis of application as LPG, petrochemicals,
refineries and others. LPG is further sub
segmented into residential commercial,
chemical petrochemical, auto-fuel, industrial,
refinery and others. Moreover, LPG dominates the
applications segment with share
4
accounting more than 60 in 2015. The residential
commercial growth sub segment is expected to
cover 50 of the overall butane industry over the
forecast period. Company Profiles Valero Energy
Corporation Sinopec Group Exxon Mobil Corp.
Chevron Corp. British Petroleum ConocoPhillips
Inc. Royal Dutch Shell PLC Total S.A China
National Petroleum Corp. Praxair Make an
Enquiry _at_ https//www.infiniumglobalresearch.com/
Re ports/MakeEnquiryRequest/59
5

• Key topics covered
• Preface
• Executive Summary
• Global Butane Market Overview
• Global Butane Market IGR Snapshots
• Global Butane market by Application (USD
  Million, KT) 2017 2023
• Global Butane Market Analysis, by Region (USD
  Million, Kt) 2017 2023
• Company Profiles
• Click to View Complete Report _at_
  https//www.infiniumglobalresearch.com/ch
  emical_material/butane_market