Butane Market Revenue, Worth, Demands, Trends, Analysis & Forecast, 2020–2028
The global Butane market is forecast to reach USD 167.09 Billion by 2028, according to a new report by Reports and Data. Butane is highly flammable, colorless, and can be easily liquefied gas. It is a fossil fuel and is used in homes or farms, in industry, and transportation, among others. It is used as liquefied petroleum gas (LPG), lighters, refrigerant, and aerosols, among others. It is used to fuel the cutting torches and other equipment. As it can be easily compressed, gas canisters are an ideal choice for its storage.
A comprehensive report on the Global
Butane Market has been published by Reports and Data that offers insightful
data about market dynamics, drivers, restraints, current and emerging trends,
market size, market share, and revenue growth of the market. The report
provides a brief overview of the industry and gives an estimation of growth and
revenue for the forecast period of 2021-2028. The global Butane market is
expected to be valued at USD XX Billion in 2028 from its valuation of USD XX
billion in 2020 and register a CAGR of XX% during the forecast period. The
document offers reliable data in reference to key areas of investments and
growth patterns of the Butane market to help clients, stakeholders, investors,
and businesses capitalization on the lucrative opportunities and make strategic
investment plans.
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Increasing focus on recycling of plastic waste, rising penetration of internet and e-commerce channels for sales, the advent of and rapid adoption of 3D printing to develop materials with enhanced properties and attributes, and growing demand for sustainable production of materials and chemicals have boosted the market growth over the recent past. In addition, rising focus on material informatics and application of ML and AI to improve R&D activities and capital expenditures, develop novel business models, and achieve greater agility in the production and manufacturing process of raw materials and chemicals to meet the growing demand from other end-use industries are some other key factors influencing the market growth and will continue to do so going ahead.
Key participants
include Chevron Corporation, Valero Energy Corporation, British Petroleum,
China National Petroleum Corporation (CNPC), Devron Energy Corporation, Conocco
Phillips Inc, Energy Corporation of America, Exxon Mobil Corporation, Sinopec
Group, and Royal Dutch Shell plc, among others.
A regional analysis of the market
across key geographical areas is offered in the report with a thorough
assessment of market size, market share, revenue growth, import/export,
production and consumption patterns, consumer demand and supply, global supply chain,
macro- and micro-economic growth factors, government regulations and policies,
and presence of key market players/manufacturers in North America, Europe,
Latin America, Asia Pacific, and Middle East & Africa.
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Further, the report segments the
Butane market on the basis of product types, applications, technology, end-use,
and regions. It also offers insights into key factors influencing the revenue
growth of each segment and sub-segment and offers details about market size,
revenue share, and CAGR for each segment.
Type Outlook
(Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Isobutane
- N-butane
Applications
Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Liquefied
petroleum gas (LPG)
- Petrochemicals
- Refineries
- Others
End Users Outlook
(Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Transportation
- Residential
- Agriculture
- Refrigerant
- Industrial
- Others
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Regional Outlook
(Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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