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Butanes Market

Butanes Market (Application: Liquefied Petroleum Gas (LPG) (Residential/Commercial, Chemical/Petrochemical, Industrial, Auto Fuel, Refineries, and Others), Petrochemicals, Refineries, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Global Butanes Market: Snapshot

Butane is a hydrocarbon of the alkane family with four carbon atoms attached to it. Butanes may refer to either of two structural isomers, n-butane (normal butane) or isobutene or to a mixture of these two isomers. Butane is a colorless, flammable and easily liquefied gas. Butane is heavier than the air with a density of approximately 575 kg per cubic meters at 15 degree Celsius. The boiling point of butane is approximately -1 degree Celsius whereas, the flash point of butane is approximately -40 degree Celsius.

One of the sources from where butanes are extracted is gas processing plants which are located close to crude oil or natural gas reservoirs. Basically, butane is produced as a byproduct of crude oil production and refining. Butanes are also produced as byproduct of crude oil refining in a refinery. The crude oil extracted from the reservoir is sent to refineries for extraction of various end use products like gasoline, diesel, jet fuel, lubes etc. Crude oil is processed in a fractionating tower and various products are recovered from the tower at various temperature levels, which are also known as crude cuts.

The global butanes market is expected to progress at a CAGR of 7.1% from 2019 to 2027, in terms of value. This market is expected to be valued at around US$ 156 Bn by the end of 2027 from US$ 84 Bn in 2018.

fa global butanes market

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Liquefied Petroleum Gas (LPG) Major Application Area of Global Butanes Market

Normal butane is primarily used in liquefied petroleum gas (LPG). About two third of the butane produced globally is used in LPG. Butane is commonly referred to as LPG when it is mixed with propane in a certain proportion. LPG is mainly used for residential and commercial purposes as cooking and heating fuel. LPG is also used for chemical/petrochemical and industrial purposes as a fuel. One of the fastest growing usages of LPG is as an auto fuel; owing to its cleanliness it is gaining the market share as one of the emerging fuels for automobiles and transportation purposes.

The next biggest application of butane is in petrochemical industry where it is being used as feedstock for producing variety of petrochemicals, including primary petrochemicals like ethylene and other downstream petrochemicals like butadiene (a key raw material for the production of synthetic rubber). Butanes are also used in refineries as blending agent mixed in gasoline. Other uses of butane include as fuel in cigarette lighter, propellant in aerosol sprays such as deodorants etc.

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Residential/Commercial Sub-segment Driving Demand for Butanes in Liquefied Petroleum Gas (LPG) Segment

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 butanes market. Butane used as petrochemical feedstock for producing ethylene and other derivatives is also driving the market for butanes owing to growing ethylene capacity in the Middle East). However, the volatility in crude oil prices and the regulatory issues owing to growing environmental concerns are the major factors inhibiting the market for butanes.

Key Players in the Global Butanes Market

Some of the key players in the butanes market from a global perspective include

  • Exxon Mobil Corporation
  • Royal Dutch Shell
  • China Petroleum & Chemical Corporation (Sinopec)
  • British Petroleum Plc
  • Chevron
  • Total S.A.
  • Conocophillips
  • China National Petroleum Corporation (CNPC)
  • Bharat Petroleum Corporation Limited
  • Indian Oil Corporation Ltd.

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Global Butanes Market: Recent Developments

  • On 14th February, 2020, Petroleum Ministry of Egypt announced the signing of a US$ 2.5 Billion contract for the development of lower-quality heavy fuels hydrocracking complex in Assiut, the largest oil refining project to be implemented in the Upper Egypt. The complex in Assiut would have a production capacity of 2.8 million tons annually, and the facility would also produce butane and naphtha which would be used in the production of high-octane gasoline.
  • In January 2020, as part of India’s strategy of practicing, the Indian Oil Corporation Ltd (IOCL) announced its plans to help Ghana’s National Petroleum Authority (NPA) expand the country’s liquefied petroleum gas (LPG) network

Global Butanes Market: Segmentation

This report on the global butanes market provides segmentation of the market based on application and region

Application

  • Liquefied Petroleum Gas (LPG)
    • Residential/Commercial
    • Chemical/Petrochemical
    • Industrial
    • Auto Fuel
    • Refineries
    • Others
  • Petrochemicals
  • Refineries
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & North Africa
  • Rest of the World

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1. Executive Summary: Global Butanes Market

2. Market Overview

    2.1. Market Segmentation

    2.2. Market Definitions

    2.3. Market Trends

    2.4. Market Dynamics

        2.4.1. Drivers

        2.4.2. Restraints 

        2.4.3. Opportunities 

    2.5. Porter’s Five Forces Analysis

    2.6. Value Chain Analysis

    2.7. Regulatory Landscape 

3. Global Butanes Market Analysis and Forecast, by Application

    3.1. Key Findings

    3.2. Market Definitions

    3.3. Global Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

        3.3.1. Liquefied Petroleum Gas (LPG)

            3.3.1.1. Residential/Commercial

            3.3.1.2. Chemical/Petrochemical

            3.3.1.3. Industrial

            3.3.1.4. Auto Fuel

            3.3.1.5. Refineries

            3.3.1.6. Others

        3.3.2. Petrochemicals

        3.3.3. Refineries

        3.3.4. Others

    3.4. Global Butanes Market Attractiveness Analysis, by Application

4. Global Butanes Market Analysis and Forecast, by Region

    4.1. Global Butanes Market Value (US$ Mn) & Volume (Million Tons), by Region, 2018–2027

        4.1.1. North America

        4.1.2. Europe

        4.1.3. Asia Pacific

        4.1.4. Middle East & North Africa

        4.1.5. Rest of the World

    4.2. Global Butanes Market Attractiveness Analysis, by Region

5. North America Butanes Market Analysis and Forecast

    5.1. Key Findings

    5.2. North America Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    5.3. North America Butanes Market Value (US$ Mn) & Volume (Million Tons), by Country, 2018–2027

        5.3.1. U.S.

        5.3.2. Canada

    5.4. U.S. Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    5.5. Canada Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    5.6. North America Butanes Market Share and Attractiveness Analysis, by Application

    5.7. North America Butanes Market Share and Attractiveness Analysis, by Country

6. Europe Butanes Market Analysis and Forecast

    6.1. Key Findings

    6.2. Europe Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    6.3. Europe Butanes Market Value (US$ Mn) & Volume (Million Tons), by Country/Sub-region, 2018–2027

        6.3.1. U.K.

        6.3.2. France

        6.3.3. Germany

        6.3.4. Italy

        6.3.5. Russia & CIS

        6.3.6. Spain

        6.3.7. Rest of Europe

    6.4. U.K. Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    6.5. France Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    6.6. Germany Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    6.7. Italy Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    6.8. Russia & CIS Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    6.9. Spain Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    6.10. Rest of Europe Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    6.11. Europe Butanes Market Share and Attractiveness Analysis, by Application

    6.12. Europe Butanes Market Share and Attractiveness Analysis, by Country/Sub-region

7. Asia Pacific Butanes Market Analysis and Forecast

    7.1. Key Findings

    7.2. Asia Pacific Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    7.3. Asia Pacific Butanes Market Value (US$ Mn) & Volume (Million Tons), by Country/Sub-region, 2018–2027

        7.3.1. China

        7.3.2. Japan

        7.3.3. India

        7.3.4. ASEAN

        7.3.5. Rest of Asia Pacific

    7.4. China Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    7.5. Japan Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    7.6. India Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    7.7. ASEAN Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    7.8. Rest of Asia Pacific Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    7.9. Asia Pacific Butanes Market Share and Attractiveness Analysis, by Application

    7.10. Asia Pacific Butanes Market Share and Attractiveness Analysis, by Country/Sub-region

8. Middle East & North Africa Butanes Market Analysis and Forecast

    8.1. Key Findings

    8.2. Middle East & North Africa Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    8.3. Middle East & North Africa Butanes Market Value (US$ Mn) & Volume (Million Tons), by Country/Sub-region, 2018–2027

        8.3.1. Saudi Arabia 

        8.3.2. UAE

        8.3.3. Egypt

        8.3.4. Rest of Middle East & North Africa

    8.4. Saudi Arabia Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    8.5. UAE Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    8.6. Egypt Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    8.7. ASEAN Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    8.8. Rest of Middle East & North Africa Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    8.9. Middle East & North Africa Butanes Market Share and Attractiveness Analysis, by Application

    8.10. Middle East & North Africa Butanes Market Share and Attractiveness Analysis, by Country/Sub-region

9. Rest of the World Butanes Market Analysis and Forecast

    9.1. Key Findings

    9.2. Rest of the World Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    9.3. Rest of the World Butanes Market Value (US$ Mn) & Volume (Million Tons), by Country/Sub-region, 2018–2027

        9.3.1. Brazil

        9.3.2. South Africa

        9.3.3. Others

    9.4. Brazil Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    9.5. South Africa Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    9.6. Others Butanes Market Value (US$ Mn) & Volume (Million Tons), by Application, 2018–2027

    9.7. Rest of the World Butanes Market Share and Attractiveness Analysis, by Application

    9.8. Rest of the World Butanes Market Share and Attractiveness Analysis, by Country/Sub-region

10. Competition Landscape

    10.1. Competition Matrix, by Key Players

    10.2. Global Butanes Market Share Analysis, by Company, 2018

    10.3. Product Mapping

    10.4. Company Profiles

        10.4.1. Exxon Mobil Corporation

            10.4.1.1. Company overview

            10.4.1.2. Product portfolio

            10.4.1.3. Financial overview

            10.4.1.4. Business strategy

            10.4.1.5. Recent developments

        10.4.2. Royal Dutch Shell

            10.4.2.1. Company overview

            10.4.2.2. Product portfolio

            10.4.2.3. Financial overview

            10.4.2.4. Business strategy

            10.4.2.5. Recent developments

        10.4.3. China Petroleum & Chemical Corporation (Sinopec)

            10.4.3.1. Company overview

            10.4.3.2. Product portfolio

            10.4.3.3. Financial overview

            10.4.3.4. Business strategy

            10.4.3.5. Recent developments

        10.4.4. British Petroleum Plc.

            10.4.4.1. Company overview

            10.4.4.2. Product portfolio

            10.4.4.3. Financial overview

            10.4.4.4. Business strategy

            10.4.4.5. Recent developments

        10.4.5. Chevron

            10.4.5.1. Company overview

            10.4.5.2. Product portfolio

            10.4.5.3. Financial overview

            10.4.5.4. Business strategy

            10.4.5.5. Recent developments

        10.4.6. Total S.A.

            10.4.6.1. Company overview

            10.4.6.2. Product portfolio

            10.4.6.3. Financial overview

            10.4.6.4. Business strategy

            10.4.6.5. Recent developments

        10.4.7. Conocophillips

            10.4.7.1. Company overview

            10.4.7.2. Product portfolio

            10.4.7.3. Financial overview

            10.4.7.4. Business strategy

            10.4.7.5. Recent developments

        10.4.8. China National Petroleum Corporation (CNPC)

            10.4.8.1. Company overview

            10.4.8.2. Product portfolio

            10.4.8.3. Financial overview

            10.4.8.4. Business strategy

            10.4.8.5. Recent developments

        10.4.9. Bharat Petroleum Corporation Limited

            10.4.9.1. Company overview

            10.4.9.2. Product portfolio

            10.4.9.3. Financial overview

            10.4.9.4. Business strategy

            10.4.9.5. Recent developments

        10.4.10. Indian Oil Corporation Ltd. 

            10.4.10.1. Company overview

            10.4.10.2. Product portfolio

            10.4.10.3. Financial overview

            10.4.10.4. Business strategy

            10.4.10.5. Recent developments

11. Primary Research - Key Insights

12. Appendix

    12.1. Research Methodology and Assumptions 

List of Tables

TABLE 1 GLOBAL BUTANES MARKET: SNAPSHOT

TABLE 2 MAJOR APPLICATIONS OF BUTANE

TABLE 3 DRIVERS OF THE GLOBAL BUTANES MARKET: IMPACT ANALYSIS

TABLE 4 RESTRAINTS FOR THE GLOBAL BUTANES MARKET: IMPACT ANALYSIS

List of Figures

FIG. 1 GLOBAL BUTANES MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD BILLION)

FIG. 2 BUTANE VALUE CHAIN ANALYSIS

FIG. 3 GLOBAL LPG DEMAND, 2018 - 2027 (MILLION TONS)

FIG. 4 ETHYLENE CAPACITY IN THE MIDDLE EAST, 2015 - 2018 (MILLION TONS)

FIG. 5 GLOBAL CRUDE OIL PRICES TRENDS, 2018 – 2027 (USD/BARREL)

FIG. 6 GLOBAL COAL BED METHANE MARKET ESTIMATES AND FORECAST, 2018 - 2027, (BCF)

FIG. 7 DEMAND FOR LPG IN ASIA PACIFIC, 2018 - 2027 (MILLION TONS)

FIG. 8 GLOBAL AUTOGAS VEHICLES DEMAND, 2018 - 2027 (MILLION UNITS)

FIG. 9 GLOBAL BUTANE FOB PRICE TRENDS AND FORECAST, 2018 – 2027 (USD/TON)

FIG. 10 GLOBAL BUTANE CFR PRICE TRENDS AND FORECAST, 2018 – 2027 (USD/TON)

FIG. 11 PORTER’S FIVE FORCES ANALYSIS

FIG. 12 GLOBAL BUTANES MARKET: COMPANY MARKET SHARE, 2018

FIG. 13 GLOBAL BUTANES MARKET: MARKET ATTRACTIVENESS ANALYSIS

FIG. 14 GLOBAL BUTANES MARKET VOLUMES SHARE BY APPLICATION, 2018 – 2027

FIG. 15 BUTANES DEMAND FOR LPG MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD BILLION)

FIG. 16 LPG (BUTANE) MARKET VOLUMES SHARE BY APPLICATION, 2018 – 2027

FIG. 17 LPG (BUTANE) DEMAND BY RESIDENTIAL AND COMMERCIAL MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD BILLION)

FIG. 18 LPG (BUTANE) DEMAND BY CHEMICAL/PETROCHEMICAL MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD BILLION)

FIG. 19 LPG (BUTANE) DEMAND BY INDUSTRIAL MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD BILLION)

FIG. 20 LPG (BUTANE) DEMAND BY AUTO FUEL MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD BILLION)

FIG. 21 LPG (BUTANE) DEMAND BY REFINERIES MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD BILLION)

FIG. 22 LPG (BUTANE) DEMAND BY OTHER MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD BILLION)

FIG. 23 BUTANES DEMAND FOR PETROCHEMICALS MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD BILLION)

FIG. 24 BUTANES DEMAND FOR REFINERIES MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD BILLION)

FIG. 25 BUTANES DEMAND FOR OTHER MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD BILLION)

FIG. 26 GLOBAL BUTANES MARKET VOLUMES SHARE BY GEOGRAPHY, 2018 – 2027

FIG. 27 NORTH AMERICA BUTANES MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD MILLION)

FIG. 28 EUROPEAN BUTANES MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD MILLION)

FIG. 29 ASIA PACIFIC BUTANES MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD MILLION)

FIG. 30 MENA BUTANES MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD MILLION)

FIG. 31 ROW BUTANES MARKET ESTIMATES AND FORECAST, 2018 - 2027 (MILLION TONS), (USD MILLION)

FIG. 32 EXXON MOBIL SALES REVENUE, 2014 – 2018 (USD BILLION)

FIG. 33 EXXON MOBILSWOT ANALYSIS

FIG. 34 ROYAL DUTCH SHELL SALES REVENUE, 2014 – 2018 (USD BILLION)

FIG. 35 ROYAL DUTCH SHELL SWOT ANALYSIS

FIG. 36 SINOPEC SALES REVENUE, 2014 – 2018 (USD BILLION)

FIG. 37 SINOPEC SWOT ANALYSIS

FIG. 38 BRITISH PETROLEUM SALES REVENUE, 2014 – 2018 (USD BILLION)

FIG. 39 BRITISH PETROLEUM SWOT ANALYSIS

FIG. 40 CHEVRON SALES REVENUE, 2014 – 2018 (USD BILLION)

FIG. 41 CHEVRON SWOT ANALYSIS

FIG. 42 TOTAL SALES REVENUE, 2014 – 2018 (USD BILLION)

FIG. 43 TOTAL S.A. SWOT ANALYSIS

FIG. 44 CONOCOPHILLIPS SALES REVENUE, 2014 – 2018 (USD BILLION)

FIG. 45 CONOCOPHILLIPS SWOT ANALYSIS

FIG. 46 CNPC SALES REVENUE, 2014 – 2018 (USD BILLION)

FIG. 47 CNPC SWOT ANALYSIS

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