What is 1-Butene Market?
1-Butene is defined as the organic chemical compound which is highly flammable as well as easily condensed gas. It is produced through separation from crude C4 refinery streams and dimerisation of ethylene. The molecular formula of 1-Butene is C4H8 and the molecular weight is 56.11. It is used for the production of polyethylene such as LLDPE, HDPE, and others. In addition, it is also used as butylene oxide, butanone as well as polypropylene resins.
Highlights from 1-Butene Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | SABIC (Saudi Arabia), BASF SE (Germany), LyondellBasell Industries N.V. (Netherlands), Lorestan Petrochemical Co. (Iran), Mitsui Chemicals, Inc. (Japan), Jam Petrochemical Company (Iran), Evonik Industries AG (Germany), Bangkok Synthetics Co., Ltd (Thailand), Daelim Industrial Co., Ltd (South Korea), TPC Group (United States), Shell Chemical LP (United States) and Exxon Mobil Corporation (United States) |
Market players are focusing on providing 1-Butene with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features in operations to further offer qualified 1-Butene. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global 1-Butene market throughout the forecasted period.
SABIC (Saudi Arabia), BASF SE (Germany), LyondellBasell Industries N.V. (Netherlands), Lorestan Petrochemical Co. (Iran), Mitsui Chemicals, Inc. (Japan), Jam Petrochemical Company (Iran), Evonik Industries AG (Germany), Bangkok Synthetics Co., Ltd (Thailand), Daelim Industrial Co., Ltd (South Korea), TPC Group (United States), Shell Chemical LP (United States) and Exxon Mobil Corporation (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Chevron Phillips Chemical Company (United States), Qatar chemical (Qatar), Nizhnekamskneftekhim (Russia), Linde AG (Germany) and Ineos Oligomers (United States). 1-Butene Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Polyethylene {LLDPE, HDPE}, Polyethylene, Secondary butyl alcohol, Butadiene, Maleic anhydride and Others |
Type | Petroleum Fraction Catalytic Cracking and Methyl Tert-Butyl Ether Decomposition |
Method of Production | Separation of Crude C4,Butane Dehydrogenation,Ethylene Dimerization |
On the basis of geography, the market of 1-Butene has been segmented into 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption Owing to Use in Chemical Synthesis
Market Growth Drivers:
Rising Demand for Polyethylene across the World and Increasing Usage of 1-butene in Various Application
Challenges:
The Fluctuating Raw Material Prices
Restraints:
Issue related to Stringent Environmental Regulations
Opportunities:
Growing Demand from Emerging Economics such as China, India, among others and Growth in Production of Polyalphaolefin and Polyethylene across the World
Key Target Audience
1-Butene Companies, Industry Association, Regulatory Organizations, Research Organizations and Consulting Companies., Market Research and Consulting Firms and Others
Market Leaders & Development Strategies
In December 2021, Saudi Aramco Technologies Co. and Sumitomo Chemical Co. have formed a technology partnership with Axens. This partnership is going to support and enhance the production of 1-butene production with AFA (Anti-Fouling Agent) technology. This technology is developed by Aramco and Sumitomo Chemical to reduce undesired polymeric fouling in 1-butene units.
In November 2020, Arcanum Infrastructure, LLC and Axens NA Inc. established partnership for the production of 1-Butene at Raven 1-Butene, LLC. this production is mainly based upon Axens AlphaButol technology. With this technology, company is able to lead in the production of 1-Buten with higher purity & through ethylene dimerization. Therefore, company is considered under 40 AlphaButol licensed units worldwide using homogeneous catalysis.