Global Butanes Market is Expected to Reach USD 282.59 Billion in 2018: Transparency Market Research

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Global Butanes Market is Expected to Reach USD 282.59 Billion in 2018: Transparency Market Research

PR Newswire

ALBANY, New York, January 2, 2013

ALBANY, New York,January 2, 2013/PRNewswire/ --

According to a new market report published by Transparency Market

Research (http://www.transparencymarketresearch.com) "Butanes Market -

Global Industry Size, Market Share, Trends, Analysis and Forecast,

2010 - 2018", the global market for butanes was estimated to be 201.26

million tons in 2011 and is expected to reach 236.45 million tons by 2018,

growing at a CAGR of 2.46% from 2013 to 2018. In terms of revenues, the

market was estimated to be worthUSD 167.04 billionin 2011 and is

expected to reach a market worthUSD 282.59 billionby 2018, growing at a

CAGR of 8.9% from 2013 to 2018.

Browse the full report

athttp://www.transparencymarketresearch.com/butane-market.html

The growing demand for LPG from residential and commercial sectors where

it is mainly used as a domestic fuel is the major factor driving the market for

butanes. Butane use as petrochemical feedstock for producing ethylene and

other derivatives is also driving the market demand owing to growing

ethylene capacity in the Middle East. However, volatility in crude oil prices

and the regulatory issues owing to growing environmental concerns are the

major factors inhibiting the market for butanes.

The growing demand for LPG in emerging economies of China, India and other countries in the Asia Pacific region provides immense opportunities for butane producers to set up SBUs in Asia Pacific in order to cater to the

growing demand in the region.

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LPG represents the biggest application of butanes and accounted for 66.1%

of the global butanes produced in 2011. LPG is also the fastest growing

application for butanes, at a CAGR of 2.58% from 2013 to 2018. Butanes are

also used as a feedstock for producing various petrochemicals and as a

blending agent in refineries. LPG is majorly used as a cooking and heating

fuel in residential and commercial sectors. The segment accounted for just

over 49% of the global LPG demand in 2011. LPG as an auto gas represents

the fastest growing segment at a CAGR of 2.92% from 2013 to 2018.

Asia Pacific is the leading market for butanes which accounted for 29.6% of the global demand for butanes in 2011. Asia Pacific is followed by Middle East and North Africa (MENA), North America and Europe. Asia Pacific and Middle East represents the two fastest growing markets for butanes.

Some of the leading participants operating in the global butanes market

include Exxon Mobil (U.S.), Royal Dutch Shell (The Netherlands), Sinopec (China), Chevron (U.S.), Conoco Phillips (U.S.), British Petroleum (U.K.) and so on.

This research was especially carried out to analyze the performance of

butanes at a global level. This research report provides in-depth analysis of

butane producers and demand by application and geography. This research

report covers all the major segments of the butanes market, historical data

and statistically refined forecast for the segments covered. The report also

covers all the major applications market for butanes. The study presents a

comprehensive assessment of the stakeholder strategies, winning

imperatives for them by segmenting the butanes market as below:

Butanes Market, by Application:

- Liquefied Petroleum Gas (LPG) - Petrochemicals - Refinery - Other

Further the reports segments LPG market for butanes as:

- LPG (Butanes) Market, by Application:

- Residential/Commercial

- Chemical/Petrochemical - Industrial - Auto fuel - Refinery - Other

The report provides a cross-sectional analysis of all the above segments with

respect to the following geographical markets: - North America - Europe - MENA - Asia Pacific

- Rest of the World (RoW)

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