Press release
The Butane Market is projected to reach USD 96.02 billion by 2034, growing at a CAGR of 4.6%.
𝐓𝐡𝐞 𝐛𝐮𝐭𝐚𝐧𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 𝟔𝟏.𝟐𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟒. 𝐈𝐭 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐭𝐨 𝐔𝐒𝐃 𝟗𝟔.𝟎𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟒, 𝐞𝐱𝐡𝐢𝐛𝐢𝐭𝐢𝐧𝐠 𝐚 𝐜𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐚𝐧𝐧𝐮𝐚𝐥 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 𝐨𝐟 𝟒.𝟔% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟓 𝐭𝐨 𝟐𝟎𝟑𝟒.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧
Butane is an organic compound with saturated hydrocarbon comprising four carbons with an unilinear framework. It is primarily utilized as a gasoline mixture, either solitary or in a propane mixture. It is also utilized as a feedstock for ethylene and butadiene production. Butane, similar to propane, emanates from natural gas or petroleum plants, and the two gases are normally detected together. The butane is reserved under pressure as a liquid. When the curler is turned on butane is discharged and alters to a gas.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/butane-market/request-for-sample
𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬
• Several reasons have contributed to the expansion of the butane market in recent years. Among these is the extensive usage in domestic and commercial applications for cooking and warming grounds. The escalated usage of LPG in rural regions of advancing nations such as India has driven higher demand for the market.
• The market size will expand due to its growing usage as energy in deodorant cans and other aerosol commodities because of its economy, effortless liquefaction, and security, jointly with cosmetic expressions, putting the market on a growth trajectory.
𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
The critical contenders in the market are emphasizing research and development to improve their commodities and services offerings. Here is the list of the leading companies operating in the butane market:
• China National Petroleum Corporation (CNPC)
• British Petroleum
• Chevron Corporation
• Valero Energy Corporation
• Exxon Mobil Corporation
• Proton Gases India Pvt. Ltd.
• Conocco Phillips Inc.
• Linde AG
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/butane-market/request-for-discount-pricing
𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐁𝐮𝐭𝐚𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭
• Based on application, the LPG segment dominated the market with a revenue share of 72.5% in 2024. The rising consumption of LPG as a fuel for heating and cooking purposes in commercial and residential applications and the growing demand for auto fuel due to the increasing use of cars and other vehicles for daily commutes drive the robust growth of the segment.
• Based on application, the petrochemicals segment is projected to witness the fastest growth from 2025 to 2034. The increasing utilization of petrochemicals in applications such as medical equipment, detergent, tires, plastics, and fertilizers is projected to influence the growth of the segment.
• Asia Pacific dominated the butane market with a revenue share of 39.4% in 2024. The presence of supportive government policies and subsidies in countries such as India and the growth of end-use industries drive higher consumption of butane in the region.
• North America is anticipated to witness significant growth from 2025 to 2034. The rapid advancement of the shale revolution in the US and the development of new hydrocarbon gas liquid facilities along the Gulf Coast are key contributors to the regional market growth.
𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰
The butane market analysis is mainly based on application and region. Based on application, the LPG segment witnessed the fastest growth. The growing exhaustion of LPG as a fuel for warming and cooking in commercial and domestic applications foremost pushes the strong growth of the segment. Additionally, the growing demand for auto fuel because of the escalated usage of cars and other vehicles for everyday travel influences the segment's dominance in the market.
Butane Market, Application Outlook (Revenue - USD Billion, 2020-2034)
• LPG
o Residential/Commercial
o Chemical/Petrochemical
o Industrial
o Auto Fuel
o Refinery
o Others
• Petrochemicals
• Refineries
• Others
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/butane-market
𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
Dairy Enzymes Market
https://www.polarismarketresearch.com/industry-analysis/dairy-enzymes-market
Baking Enzymes Market
https://www.polarismarketresearch.com/industry-analysis/baking-enzymes-market
Sucrose Esters Market
https://www.polarismarketresearch.com/industry-analysis/sucrose-esters-market
Fructose Market
https://www.polarismarketresearch.com/industry-analysis/fructose-market
𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
𝐋𝐢𝐤𝐡𝐢𝐥 𝐆
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter
𝐀𝐛𝐨𝐮𝐭 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠, 𝐈𝐧𝐜:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧
Butane is an organic compound with saturated hydrocarbon comprising four carbons with an unilinear framework. It is primarily utilized as a gasoline mixture, either solitary or in a propane mixture. It is also utilized as a feedstock for ethylene and butadiene production. Butane, similar to propane, emanates from natural gas or petroleum plants, and the two gases are normally detected together. The butane is reserved under pressure as a liquid. When the curler is turned on butane is discharged and alters to a gas.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/butane-market/request-for-sample
𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬
• Several reasons have contributed to the expansion of the butane market in recent years. Among these is the extensive usage in domestic and commercial applications for cooking and warming grounds. The escalated usage of LPG in rural regions of advancing nations such as India has driven higher demand for the market.
• The market size will expand due to its growing usage as energy in deodorant cans and other aerosol commodities because of its economy, effortless liquefaction, and security, jointly with cosmetic expressions, putting the market on a growth trajectory.
𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
The critical contenders in the market are emphasizing research and development to improve their commodities and services offerings. Here is the list of the leading companies operating in the butane market:
• China National Petroleum Corporation (CNPC)
• British Petroleum
• Chevron Corporation
• Valero Energy Corporation
• Exxon Mobil Corporation
• Proton Gases India Pvt. Ltd.
• Conocco Phillips Inc.
• Linde AG
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/butane-market/request-for-discount-pricing
𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐁𝐮𝐭𝐚𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭
• Based on application, the LPG segment dominated the market with a revenue share of 72.5% in 2024. The rising consumption of LPG as a fuel for heating and cooking purposes in commercial and residential applications and the growing demand for auto fuel due to the increasing use of cars and other vehicles for daily commutes drive the robust growth of the segment.
• Based on application, the petrochemicals segment is projected to witness the fastest growth from 2025 to 2034. The increasing utilization of petrochemicals in applications such as medical equipment, detergent, tires, plastics, and fertilizers is projected to influence the growth of the segment.
• Asia Pacific dominated the butane market with a revenue share of 39.4% in 2024. The presence of supportive government policies and subsidies in countries such as India and the growth of end-use industries drive higher consumption of butane in the region.
• North America is anticipated to witness significant growth from 2025 to 2034. The rapid advancement of the shale revolution in the US and the development of new hydrocarbon gas liquid facilities along the Gulf Coast are key contributors to the regional market growth.
𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰
The butane market analysis is mainly based on application and region. Based on application, the LPG segment witnessed the fastest growth. The growing exhaustion of LPG as a fuel for warming and cooking in commercial and domestic applications foremost pushes the strong growth of the segment. Additionally, the growing demand for auto fuel because of the escalated usage of cars and other vehicles for everyday travel influences the segment's dominance in the market.
Butane Market, Application Outlook (Revenue - USD Billion, 2020-2034)
• LPG
o Residential/Commercial
o Chemical/Petrochemical
o Industrial
o Auto Fuel
o Refinery
o Others
• Petrochemicals
• Refineries
• Others
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/butane-market
𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
Dairy Enzymes Market
https://www.polarismarketresearch.com/industry-analysis/dairy-enzymes-market
Baking Enzymes Market
https://www.polarismarketresearch.com/industry-analysis/baking-enzymes-market
Sucrose Esters Market
https://www.polarismarketresearch.com/industry-analysis/sucrose-esters-market
Fructose Market
https://www.polarismarketresearch.com/industry-analysis/fructose-market
𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
𝐋𝐢𝐤𝐡𝐢𝐥 𝐆
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter
𝐀𝐛𝐨𝐮𝐭 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠, 𝐈𝐧𝐜:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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