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

    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 ( ) " 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 worth USD
167.04 billion in 2011 and is expected to reach a market worth USD 282.59
billion by 2018, growing at a CAGR of 8.9% from 2013 to 2018.

Browse the full report at

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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