Market Highlights: Butane is an organic compound which is flammable, colorless in nature exists in two isomeric forms, both of which occur in natural gas stable isomer, n-butane, highly used in the production of rubber and fuels and other is isobutane. The butane is a major ingredient in fuels like LPG, petrochemicals, etc. The chemical industries require this product on a large scale for their production. The market study is being classified by Type (n-butane and Isobutane), by Application (Liquefied Petroleum Gas (LPG) {Residential/Commercial, Chemical/Petrochemical, Industrial, Auto Fuel}, Refineries, Petrochemicals and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Butanes are Exxon Mobil Corporation (United States), Royal Dutch Shell (Netherlands), China Petroleum & Chemical Corporation (Sinopec) (China), British Petroleum Plc (United Kingdom), Chevron (United States), Total S.A (France), ConocoPhillips (United States), China National Petroleum Corporation (CNPC) (China), Bharat Petroleum Corporation Limited (India) and Indian Oil Corporation Ltd (India).
The End User, such as Liquefied Petroleum Gas, is boosting the Butanes market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Major Market Development Highlights ExxonMobil will be continuing their venture with Gulf Coast for growth of the project, the joint-venture between ExxonMobil and SABIC will be helping in growing and developing the business of a company.
Key Questions Answered in the Report What will the Butanes Market size and the growth rate be in Future? What are the key factors driving the Butanes Market? What are the key market trends and macro-economic impacting the growth of the Butanes Market? What are the challenges to market growth? Who are the key vendors in the Butanes Market? What are the market opportunities and threats faced by the vendors in the Butanes Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Butanes Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Butanes market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Butanes market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Chemical Manufacturers, Refineries, Gas industries, Distributors/Suppliers/Wholesalers, Government sector, Research firms and Industry Associate. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.