Global Butane Market

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Butane Market Global Industry Analysis, Trends,
Market Size Forecasts to 2023
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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 market. Furthermore, rising
standards of living and disposable incomes are
also anticipated to drive the growth of global
butane market over the forecast period. However,
volatility in 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.infiniumglobalresearch
.com/Reports/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 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.
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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/Reports/Mak
eEnquiryRequest/59
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• 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/chemical_ma
  terial/butane_market