Industry Insights
Global increase in use of butane in the form of Liquefied Petroleum
Gas (LPG) for household & commercial sectors is expected to drive
butane market growth over the next six years. A significant increase in
demand for butane as LPG is anticipated from Asia Pacific especially
from countries such as China & India owing to increasing application
in cooking & heating from household & commercial sector.
Increasing monetary assistance in the form of subsidies from
respective government in these regions coupled with burgeoning
population is expected to significantly augment the market growth.
Increasing use of LPG as feedstock in chemical & petroleum
refineries is expected to fuel butane market growth over the next
forecast period.
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LPG is used as a substitute for crude oil & natural gas with
large consumption in olefins manufacturing industry. Major demand for
butane in the form of LPG is expected from North America and Middle East
owing to large number of refineries operating in these regions.
Global increase in demand for automobiles is expected to have
positive impact on butane market growth over the next six years. LPG is
anticipated to be a preferable choice in automobile fuel owing to low
maintenance cost and being eco-friendly. Increasing demand for synthetic
rubber is expected to have a positive outlook on butane market growth.
Butane is used as a feedstock in manufacturing ethylene and
butadiene, which is a key ingredient for manufacturing synthetic rubber.
Volatile crude oil prices coupled with regulatory issues over growing
environmental concerns is expected to hamper butane market growth. Use
of butane as a refrigerant substitute for HCFC in consumer durables is
expected to provide a key opportunity for market growth.
Application Insights
This market involves application based on end-use and industry
sectors such as household & commercial, automobiles and chemical
& petroleum refineries. LPG dominated the butane market owing to its
use in lighting & cooking from household & commercial sector.
LPG is used in cooking & lighting owing to its flammable and
eco-friendly characteristics.
LPG accounted for over 45% and 60% consumption of the market share in
2013 in terms of volume & revenue respectively is expected to
follow the same trend for the next forecast period. Following LPG,
butane is used as a feedstock majorly in chemical and petrochemical
feedstock. Petrochemical applications are expected to show a moderate
growth over the next six years. Auto fuel applications are expected to
witness a stagnant growth growing over the next forecast period.
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Regional Insights
Asia Pacific dominated the global butane market and accounted for
over 25% of the market share in terms of volume. Asia Pacific is
anticipated to witness higher growth rates over the next forecast. Major
demand is expected from Asia Pacific Countries such as China &
India owing to expanding population and increase in middle class
disposable incomes. Following Asia Pacific, Middle East and Africa
(MENA) are expected to show moderate growth rates owing over the next
forecast period owing to large number of refineries operating in these
regions.
Significant demand for butane is expected from countries such as Saudi
Arabia, Qatar, UAE and Nigeria. Following MENA, North America and
Europe has shown steady growth rates over the past five years and are
expected to lose some of its market share to emerging economies over the
next six years.
Table of Contents
Chapter 1 Executive Summary
1.1 Butane – Industry Summary & Critical Success Factors (CSFs)
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Butane Value Chain Analysis
2.4 Butane Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Butane - Company Market Share Analysis
2.8 Butane - PESTEL Analysis
3.1 Liquefied Petroleum Gas
3.2 Petrochemicals
3.3 Refineries
3.4 Others
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4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 Middle East & North Africa (MENA)
4.5 RoW
5.1 British Petroleum Global
5.2 Chevron Corporation
5.3 China National Petroleum Corporation (CNPC)
5.4 China Petroleum and Chemical Corporation (SINOPEC)
5.5 ConocoPhillips Inc.
5.6 Devron Energy Corporation
5.7 Energy Corporation of America
5.8 Exxon Mobil Corporation
5.9 Proton Gases India Pvt. Ltd.
5.10 Aditya Air Products Pvt. Ltd.
5.11 Perenco
6.1 Research Methodology
6.2 Research Scope & Assumptions
6.3 List of Data Sources
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