Butane is one of the two main components of liquefied petroleum gas (LPG), the other being propane. Butane has several important uses in LPG. One of the most common is as a blending component to increase the energy content of propane. Butane has a higher energy content per unit of volume than propane, which means that adding it to propane can increase the performance and efficiency of LPG-fueled equipment. Another important use of butane in LPG is for fueling vehicles. LPG-powered vehicles are becoming increasingly popular in many parts of the world due to their lower emissions and lower fuel costs compared to gasoline-powered vehicles. Butane is an important component of LPG used as a vehicle fuel, as it has a lower vapor pressure than propane, which makes it more suitable for use in cold weather. In addition to its use in LPG, butane has many other commercial and industrial applications, including as a refrigerant, as a propellant in aerosol sprays, and as a feedstock for the production of plastics and other chemical products. The global butane market is anticipated to increase by USD 39.4 billion till 2029 at an average annual growth of 6.06 percent as per the latest market estimates.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global butane market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the application, and region. The global market for butane can be segmented by application: LPG, petrochemicals, refineries, others. According to the research, the LPG segment had the largest share in the global butane market. Butane market is further segmented by region: North America, Europe, Asia-Pacific, Rest of the World (RoW). In 2022, Asia-Pacific made up the largest share of revenue generated by the butane market.

Market Segmentation
By application: LPG, petrochemicals, refineries, others
By region: North America, Europe, Asia-Pacific, Rest of the World (RoW)

The report also provides analysis of the key companies of the industry and their detailed company profiles including BP plc, Chevron Corporation, ExxonMobil Corporation, Sinopec Group, Valero Energy Corporation, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global butane market.
• To classify and forecast the global butane market based on application, region.
• To identify drivers and challenges for the global butane market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global butane market.
• To identify and analyze the profile of leading players operating in the global butane market.

Why Choose This Report
• Gain a reliable outlook of the global butane market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.