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Global Butane Market 2017-2021

Global Butane Market 2017-2021

About Butane

Butane is a hydrocarbon belonging to the alkane family, which has two structural isomers: n-butane (normal butane) or isobutene. It is characterized as a colorless, flammable, and easily liquefiable gas. One of the common sources for butane extraction is gas processing plants that are mostly located close to natural gas or crude oil reservoirs. Basically, butane is produced as a byproduct of crude oil production and refining.

Technavio’s analysts forecast the global butane market to grow at a CAGR of 7.60% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global butane market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • South America
  • MEA
Technavio's report, Global Butane Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BP
  • Chevron Phillips Chemical
  • ConocoPhillips
  • ExxonMobil
  • Total
Other prominent vendors
  • Air Liquide
  • China Petroleum & Chemical Corporation
  • DEVON ENERGY CORPORATION
  • Linde
  • Shell
Market driver
  • Advantages of LPG as auto fuel over conventional fuels
  • For a full, detailed list, view our report
Market challenge
  • Fluctuation in raw material prices
  • For a full, detailed list, view our report
Market trend
  • Increasing number of strategic alliances
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Butane Market 2017-2021

Technavio recognizes the following companies as the key players in the global butane market: BP, Chevron Phillips Chemical, ConocoPhillips, ExxonMobil, and Total.

Other Prominent Vendors in the market are: Air Liquide, China Petroleum & Chemical Corporation, DEVON ENERGY CORPORATION, Linde, and Shell.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing number of strategic alliances. In January 2017, Butagaz and Global Bioenergies announced the signing of an exclusive partnership for France to incorporate bio-isobutene into butane and propane. Butagaz is a leading French brand and a subsidiary of the Irish DCC Group. It is one of the leading distributors in the French propane and butane markets.”

According to the report, one driver in the market is advantages of LPG as auto fuel over conventional fuels. Vehicular emission is one of the major sources of air pollution specifically in the urban areas. To reduce pollution, many governments encourage the use of cleaner and environment-friendly alternative fuels such as LPG. LPG is cleaner than petrol and diesel as it contains comparatively simple hydrocarbon compounds. In addition, LPG does not contain lead or any other additives and has very little sulfur content. The emissions from LPG-driven vehicles contain lower levels of hydrocarbon compounds, nitrogen oxides, air toxics, sulfur oxides, and particulates than that of petrol and diesel based vehicles.

Further, the report states that one challenge in the market is fluctuation in raw material prices. The butane market is exposed to fluctuations pertaining to raw material and energy prices. In past few years, the crude oil and natural gas market was comparatively stable in terms of supply and demand. In the middle of 2014, crude oil prices declined rapidly when Organization of the Petroleum Exporting Countries (OPEC) announced no reduction in production to match crude oil supply-demand across the world. However, raw material price fluctuation, especially for crude oil-based feedstock, till date hinders the global butane market growth.

Companies Mentioned

BP, Chevron Phillips Chemical, ConocoPhillips, ExxonMobil, Total, Air Liquide, China Petroleum & Chemical Corporation, DEVON ENERGY CORPORATION, Linde, and Shell.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Petrochemical products from various feedstocks
      • Table Steam cracker process flow
  • Market landscape
    • Market overview
      • Table Global butane market
    • Market size and forecast
      • Table Global butane market 2016 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global butane market by application
      • Table Application - market size & forecast
    • Comparison by application
      • Table Comparison by application
    • LPG - market size & forecast
      • Table LPG - Market size & forecast ($ billions)
      • Table LPG - Year-over-year growth (%)
    • Petrochemicals - market size & forecast
      • Table Petrochemicals - Market size & forecast ($ billions)
      • Table Petrochemicals - Year-over-year growth (%)
    • Refineries - market size & forecast
      • Table Refineries - Market size & forecast ($ billions)
      • Table Process of converting petroleum fractions to gasoline
      • Table Refineries - Year-over-year growth (%)
    • Other applications - market size & forecast
      • Table Other applications - Market size & forecast ($ billions)
      • Table Other applications - Year-over-year growth (%)
    • Market opportunity by application
  • Regional landscape
    • Global butane market by geography
      • Table Global - market size & forecast
    • Regional comparison
      • Table Regional comparison
    • APAC - market size & forecast
      • Table APAC- market size & forecast ($ billions)
      • Table APAC - Year-over-year growth (%)
      • Table Reasons for selection of isobutane dehydrogenation for deep processing companies
    • MEA - market size & forecast
      • Table MEA - market size & forecast ($ billions)
      • Table MEA - Year-over-year growth (%)
    • North America - market size & forecast
      • Table North America - market size & forecast ($ billions)
      • Table North America - Year-over-year growth (%)
    • Europe - market size & forecast
      • Table Europe - market size & forecast ($ billions)
      • Table Europe - Year-over-year growth (%)
    • South America - market size & forecast
      • Table South America - market size & forecast ($ billions)
      • Table South America - Year-over-year growth (%)
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table LPG demand growth in APAC 2014-2021 (million tons per year)
    • Market challenges
      • Table Five main forms of HGL transportation
  • Market trends
    • Increasing number of strategic alliances
    • Recent developments in South African LPG market
  • Vendor landscape
    • Competitive scenario
    • Major market vendors
      • Table Global butane market: Major vendors
    • Other prominent vendors
  • Vendor analysis
    • Vendor overview
    • BP
      • Table BP: Business segmentation 2016 (% share of revenue)
      • Table BP: Geographical segmentation 2016 (% share of revenue)
    • Chevron Phillips Chemical
      • Table Chevron Phillips Chemical: Business segmentation 2016 (% share of revenue)
      • Table Chevron Phillips Chemical: Geographical segmentation 2016 (% share of revenue)
    • ConocoPhillips
      • Table ConocoPhillips: Business segmentation 2016 (% share of revenue)
    • ExxonMobil
      • Table ExxonMobil: Business segmentation 2016 (% share of revenue)
      • Table ExxonMobil: Geographical segmentation 2016 (% share of revenue)
    • Total
      • Table Total: Business segmentation 2016 (% share of revenue)
      • Table Total: Geographical segmentation 2016 (% share of revenue)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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