Butane Market Size, Share, and Outlook, 2025 Report- By Application (Liquid Petroleum Gases (LPG), Petrochemicals, Refineries, Others), By Type (Gasoline Crude Oil, Natural Gas, Isobutane, Others), 2018-2032
Description
Butane Market Outlook
Butane Market Size is forecast to reach $179.7 Billion in 2032 from $119.7 Billion in 2025, at an optimistic growth rate of 5.9% from 2025 to 2032. The robust Butane Market growth presents potential growth opportunities for companies across the industry value chain.
The comprehensive market research report presents 12-year historic and forecast data on Butane Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Application (Liquid Petroleum Gases (LPG), Petrochemicals, Refineries, Others), By Type (Gasoline Crude Oil, Natural Gas, Isobutane, Others). Over 70 tables and charts showcase findings from our latest survey report on Butane Markets.
Butane Market Insights, 2025: Butane Market – Key Drivers and Opportunities
The butane market is primarily driven by its extensive use in liquefied petroleum gas (LPG), petrochemicals, and industrial applications. Butane is a vital feedstock in the production of synthetic rubber, high-energy fuels, and aerosol propellants. The increasing adoption of LPG as a household and industrial fuel is a significant market driver, particularly in developing economies, where governments are promoting LPG usage over traditional fuels like coal and kerosene due to lower emissions and higher efficiency.
Another critical growth factor is the rising demand for butane-derived petrochemicals, including butadiene (used in synthetic rubber) and isobutane (used in refineries to produce alkylate for high-octane gasoline). The global shift toward cleaner energy alternatives is also pushing autogas (LPG-powered vehicles) as a sustainable transport fuel, creating further demand.
Market opportunities exist in the development of bio-based butane alternatives, as environmental regulations become stricter. Further, innovations in butane storage and transportation technologies, including cryogenic storage systems, could drive expansion in the industrial and commercial sectors.
Five Trends that will define global Butane Market in 2025 and Beyond
A closer look at the multi-million global market for Butane Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Butane Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.
What are the biggest opportunities for growth in the Butane Industry?
The Butane Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.
Butane Market Segment Insights
The Butane Industry presents strong offers across categories. The analytical report offers forecasts of Butane Industry performance across segments and countries. Key segments in the industry include- By Application (Liquid Petroleum Gases (LPG), Petrochemicals, Refineries, Others), By Type (Gasoline Crude Oil, Natural Gas, Isobutane, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.
Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Butane Market size outlook is provided for 22 countries across these regions.
Butane Industry Value Chain
The chapter identifies potential companies and their operations across the global Butane Industry ecosystem. It assists decision-makers in evaluating global Butane Market fundamentals, market dynamics, and disruptive trends across the value chain segments.
Scenario Analysis and Forecasts
Strategic decision-making in the Butane Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.
Asia Pacific Butane Market Analysis- A Promising Growth Arena for Business Expansion
As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.
The State of Europe Butane Industry 2025- Focus on Accelerating Competitiveness
As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Butane Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Butane Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.
The US Butane Market Insights- Executives are most excited about opportunities for the US Butane Industry.
Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Butane Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Butane Market.
Latin American Butane Market outlook rebounds in line with economic growth.
Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.
Middle East and Africa Butane Markets- New Opportunities for Companies Harnessing Diversity
Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Butane Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Butane Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.
Competitive Landscape- How Butane Companies outcompete in 2025 and Beyond?
The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include BP plc, Chevron Corp, China National Petroleum Corp, ConocoPhillips Company, Devon Energy Corp, Exxon Mobil Corp, Linde plc, Perenco, Praxair Inc, Proton Gases India Pvt. Ltd, Royal Dutch Shell plc, TotalEnergies SE, Valero Energy Corp.
Butane Market Scope and Segmentation
By Application
Liquid Petroleum Gases (LPG)
Refineries
Others
By Type
Gasoline Crude Oil
Natural Gas
Isobutane
Others
Countries Included-
North America- US, Canada, Mexico
Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe
Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC
South and Central America- Brazil, Argentina, Chile, Rest of SCA
Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa
Companies Included in the Butane Market Research-
BP plc
Chevron Corp
China National Petroleum Corp
ConocoPhillips Company
Devon Energy Corp
Exxon Mobil Corp
Linde plc
Perenco
Praxair Inc
Proton Gases India Pvt. Ltd
Royal Dutch Shell plc
TotalEnergies SE
Valero Energy Corp
Reasons to Buy the report
Butane Market Size is forecast to reach $179.7 Billion in 2032 from $119.7 Billion in 2025, at an optimistic growth rate of 5.9% from 2025 to 2032. The robust Butane Market growth presents potential growth opportunities for companies across the industry value chain.
The comprehensive market research report presents 12-year historic and forecast data on Butane Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Application (Liquid Petroleum Gases (LPG), Petrochemicals, Refineries, Others), By Type (Gasoline Crude Oil, Natural Gas, Isobutane, Others). Over 70 tables and charts showcase findings from our latest survey report on Butane Markets.
Butane Market Insights, 2025: Butane Market – Key Drivers and Opportunities
The butane market is primarily driven by its extensive use in liquefied petroleum gas (LPG), petrochemicals, and industrial applications. Butane is a vital feedstock in the production of synthetic rubber, high-energy fuels, and aerosol propellants. The increasing adoption of LPG as a household and industrial fuel is a significant market driver, particularly in developing economies, where governments are promoting LPG usage over traditional fuels like coal and kerosene due to lower emissions and higher efficiency.
Another critical growth factor is the rising demand for butane-derived petrochemicals, including butadiene (used in synthetic rubber) and isobutane (used in refineries to produce alkylate for high-octane gasoline). The global shift toward cleaner energy alternatives is also pushing autogas (LPG-powered vehicles) as a sustainable transport fuel, creating further demand.
Market opportunities exist in the development of bio-based butane alternatives, as environmental regulations become stricter. Further, innovations in butane storage and transportation technologies, including cryogenic storage systems, could drive expansion in the industrial and commercial sectors.
Five Trends that will define global Butane Market in 2025 and Beyond
A closer look at the multi-million global market for Butane Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Butane Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.
What are the biggest opportunities for growth in the Butane Industry?
The Butane Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.
Butane Market Segment Insights
The Butane Industry presents strong offers across categories. The analytical report offers forecasts of Butane Industry performance across segments and countries. Key segments in the industry include- By Application (Liquid Petroleum Gases (LPG), Petrochemicals, Refineries, Others), By Type (Gasoline Crude Oil, Natural Gas, Isobutane, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.
Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Butane Market size outlook is provided for 22 countries across these regions.
Butane Industry Value Chain
The chapter identifies potential companies and their operations across the global Butane Industry ecosystem. It assists decision-makers in evaluating global Butane Market fundamentals, market dynamics, and disruptive trends across the value chain segments.
Scenario Analysis and Forecasts
Strategic decision-making in the Butane Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.
Asia Pacific Butane Market Analysis- A Promising Growth Arena for Business Expansion
As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.
The State of Europe Butane Industry 2025- Focus on Accelerating Competitiveness
As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Butane Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Butane Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.
The US Butane Market Insights- Executives are most excited about opportunities for the US Butane Industry.
Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Butane Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Butane Market.
Latin American Butane Market outlook rebounds in line with economic growth.
Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.
Middle East and Africa Butane Markets- New Opportunities for Companies Harnessing Diversity
Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Butane Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Butane Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.
Competitive Landscape- How Butane Companies outcompete in 2025 and Beyond?
The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include BP plc, Chevron Corp, China National Petroleum Corp, ConocoPhillips Company, Devon Energy Corp, Exxon Mobil Corp, Linde plc, Perenco, Praxair Inc, Proton Gases India Pvt. Ltd, Royal Dutch Shell plc, TotalEnergies SE, Valero Energy Corp.
Butane Market Scope and Segmentation
By Application
Liquid Petroleum Gases (LPG)
- Residential/Commercial
- Chemical/Petrochemical
- Industrial
- Auto Fuel
- Refinery
- Others
Refineries
Others
By Type
Gasoline Crude Oil
Natural Gas
Isobutane
Others
Countries Included-
North America- US, Canada, Mexico
Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe
Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC
South and Central America- Brazil, Argentina, Chile, Rest of SCA
Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa
Companies Included in the Butane Market Research-
BP plc
Chevron Corp
China National Petroleum Corp
ConocoPhillips Company
Devon Energy Corp
Exxon Mobil Corp
Linde plc
Perenco
Praxair Inc
Proton Gases India Pvt. Ltd
Royal Dutch Shell plc
TotalEnergies SE
Valero Energy Corp
Reasons to Buy the report
- Make informed decisions through long and short-term forecasts across 22 countries and segments.
- Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
- Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
- Get an integrated understanding of the entire market ecosystem and companies.
- Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
- Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
- Get free Excel spreadsheet and PPT versions along with the report PDF.
Table of Contents
196 Pages
- 1. Table of Contents
- List of Figures and Tables
- 2. Executive Summary
- 2.1 Key Highlights
- 2.1.1 Butane Market Size Outlook, 2018-2024 and 2025-2032
- 2.1.2 Largest Butane Market Types and Applications
- 2.1.3 Fastest Growing Segments
- 2.1.4 Potential Markets
- 2.1.5 Market Concentration
- 2.2 Market Scope and Segmentation
- 2.2.1 Market Scope- Segments
- 2.2.2 Market Scope- Countries
- 2.2.3 Macroeconomic and Demographic Outlook
- 2.2.4 Abbreviations
- 2.2.5 Units and Currency Conversions
- 3. Research Methodology
- 3.1 Primary Research Surveys
- 3.2 Secondary Data Sources
- 3.3 Data Triangulation
- 3.4 Forecast Methodology
- 3.5 Assumptions and Limitations
- 4. Introduction to Global Butane Market in 2025
- 4.1 Industry Panorama
- 4.2 Leading Companies Profiled in the Study
- 4.3 Asia Pacific Markets offer Robust Market Prospects for New Entrants
- 4.4 Market Dynamics
- 4.4.1 Market Dynamics- Trends and Drivers
- 4.4.2 Market Dynamics- Opportunities and Challenges
- 4.5 Regional Analysis
- 4.6 Porter’s Five Force Analysis
- 4.6.1 Intensity of Competitive Rivalry
- 4.6.2 Threat of New Entrants
- 4.6.3 Threat of Substitutes
- 4.6.4 Bargaining Power of Buyers
- 4.6.5 Bargaining Power of Suppliers
- 4.7 Butane Industry Value Chain Analysis
- 4.7.1 Stage of Value Chain
- 4.7.2 Key Activities of Companies
- 4.7.3 Companies Included in Each Stage
- 4.7.4 Key Insights
- 5. Butane Market Outlook to 2032
- 5.1 Market Size Forecast by Type, 2021-2024 and 2025-2032
- 5.2 Market Size Forecast by Application, 2021-2024 and 2024-2032
- 5.3 Market Size Forecast by Geography, 2021-2024 and 2024-2032 By Application
- Liquid Petroleum Gases (LPG)
- -Residential/Commercial
- -Chemical/Petrochemical
- -Industrial
- -Auto Fuel
- -Refinery
- -Others
- Petrochemicals
- Refineries
- Others By Type
- Gasoline Crude Oil
- Natural Gas
- Isobutane
- Others
- 6. Global Butane Market Outlook across Growth Scenarios
- 6.1 Low Growth Scenario
- 6.2 Base/Reference Case
- 6.3 High Growth Scenario
- 6. North America Butane Market Size Outlook
- 6.1 Key Market Statistics, 2024
- 6.2 North America Butane Market Trends and Growth Opportunities
- 6.2.1 North America Butane Market Outlook by Type
- 6.2.2 North America Butane Market Outlook by Application
- 6.3 North America Butane Market Outlook by Country
- 6.3.1 The US Butane Market Outlook, 2021- 2032
- 6.3.2 Canada Butane Market Outlook, 2021- 2032
- 6.3.3 Mexico Butane Market Outlook, 2021- 2032
- 7. Europe Butane Market Size Outlook
- 7.1 Key Market Statistics, 2024
- 7.2 Europe Butane Market Trends and Growth Opportunities
- 7.2.1 Europe Butane Market Outlook by Type
- 7.2.2 Europe Butane Market Outlook by Application
- 7.3 Europe Butane Market Outlook by Country
- 7.3.2 Germany Butane Market Outlook, 2021- 2032
- 7.3.3 France Butane Market Outlook, 2021- 2032
- 7.3.4 The UK Butane Market Outlook, 2021- 2032
- 7.3.5 Spain Butane Market Outlook, 2021- 2032
- 7.3.6 Italy Butane Market Outlook, 2021- 2032
- 7.3.7 Russia Butane Market Outlook, 2021- 2032
- 7.3.8 Rest of Europe Butane Market Outlook, 2021- 2032
- 8. Asia Pacific Butane Market Size Outlook
- 8.1 Key Market Statistics, 2024
- 8.2 Asia Pacific Butane Market Trends and Growth Opportunities
- 8.2.1 Asia Pacific Butane Market Outlook by Type
- 8.2.2 Asia Pacific Butane Market Outlook by Application
- 8.3 Asia Pacific Butane Market Outlook by Country
- 8.3.1 China Butane Market Outlook, 2021- 2032
- 8.3.2 India Butane Market Outlook, 2021- 2032
- 8.3.3 Japan Butane Market Outlook, 2021- 2032
- 8.3.4 South Korea Butane Market Outlook, 2021- 2032
- 8.3.5 Australia Butane Market Outlook, 2021- 2032
- 8.3.6 South East Asia Butane Market Outlook, 2021- 2032
- 8.3.7 Rest of Asia Pacific Butane Market Outlook, 2021- 2032
- 9. South America Butane Market Size Outlook
- 9.1 Key Market Statistics, 2024
- 9.2 South America Butane Market Trends and Growth Opportunities
- 9.2.1 South America Butane Market Outlook by Type
- 9.2.2 South America Butane Market Outlook by Application
- 9.3 South America Butane Market Outlook by Country
- 9.3.1 Brazil Butane Market Outlook, 2021- 2032
- 9.3.2 Argentina Butane Market Outlook, 2021- 2032
- 9.3.3 Rest of South and Central America Butane Market Outlook, 2021- 2032
- 10. Middle East and Africa Butane Market Size Outlook
- 10.1 Key Market Statistics, 2024
- 10.2 Middle East and Africa Butane Market Trends and Growth Opportunities
- 10.2.1 Middle East and Africa Butane Market Outlook by Type
- 10.2.2 Middle East and Africa Butane Market Outlook by Application
- 10.3 Middle East and Africa Butane Market Outlook by Country
- 10.3.1 Saudi Arabia Butane Market Outlook, 2021- 2032
- 10.3.2 The UAE Butane Market Outlook, 2021- 2032
- 10.3.3 Rest of Middle East Butane Market Outlook, 2021- 2032
- 10.3.4 South Africa Butane Market Outlook, 2021- 2032
- 10.3.5 Egypt Butane Market Outlook, 2021- 2032
- 10.3.6 Rest of Africa Butane Market Outlook, 2021- 2032
- 11. Company Profiles
- 11.1 Leading 10 Companies
- BP plc
- Chevron Corp
- China National Petroleum Corp
- ConocoPhillips Company
- Devon Energy Corp
- Exxon Mobil Corp
- Linde plc
- Perenco
- Praxair Inc
- Proton Gases India Pvt. Ltd
- Royal Dutch Shell plc
- TotalEnergies SE
- Valero Energy Corp
- 11.2 Overview
- 11.3 Products and Services
- 11.4 SWOT Profile
- 12. Appendix
- 12.1 Subscription Options
- 12.2 Customization Options
- 12.3 Publisher Details
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