What is Butanes?
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.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
CAGR | 5.5% |
The Market is currently pegged at USD Million. The study covers a detailed analysis segmented by key business segments i.e. 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.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Butanes market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them 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).
Market Overview:
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.
Butane used as propellants, aerating agents, and gases as defined as regulations of the FDA. The ingredients such as butanes used in food at levels not to cross current good manufacturing practice (cGMP).
The growing need for fuel and gas industries is the reason there is strong competition between top leading firms to acquire the market share and to rule the market. There is quite a rivalry between top firms to earn more business in their areas .the mergers and acquisitions playing a major role in the hanging market shares and strategies.
Market Trend
Requirement of Butane As Major Ingredient in LPG
Restraints
- Highly Flammable In Nature
Opportunities
Increasing Fuel Requirement For Various Needs
Key highlights of the Global Butanes market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Butanes market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Butanes market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Butanes Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
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.