Butane Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR44057

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The butane market share is expected to increase by USD 12.75 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.45%.

This butane market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers butane market segmentation by application (LPG, petrochemicals, refineries, and others) and geography (APAC, MEA, North America, Europe, and South America). The butane market report also offers information on several market vendors, including BP Plc, Chevron Corp., China Petroleum and Chemical Corp., ConocoPhillips Co., Exxon Mobil Corp., LAIR LIQUIDE SA, Linde Plc, Royal Dutch Shell Plc, TotalEnergies SE, and Valero Energy Corp. among others.

What will the Butane Market Size be During the Forecast Period?

Butane Market Size

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Butane Market: Key Drivers, Trends, and Challenges

The advantages of LPG as auto fuel over conventional fuels are notably driving the butane market growth, although factors such as fluctuation in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the butane industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Butane Market Driver

The increasing demand for LPG will drive the butane market growth during 2021-2025. Vehicular emission is one of the major sources of air pollution, specifically in urban areas. To reduce pollution, many governments encourage the use of environment-friendly alternative fuels such as LPG. The LPG-driven vehicles provide mileage better than petrol vehicles with the same mass of fuel. Additionally, these vehicles have a comparatively lower maintenance cost than petrol and diesel-driven vehicles. The switching of normal cars to LPG-driven cars involves a certain initial cost but the running cost of LPG-driven vehicles has proven to be much lower than vehicles driven by petrol or diesel in many regions, and also depends on the government policies prevalent in the region.

Key Butane Market Trend

Rapid industrialization in BRICS will influence the market growth during 2021-2025. Industrialization in Brazil, Russia, India, China, and South Africa (BRICS) economies is accelerating the demand for minerals and chemicals. For instance, in October 2020, Brazilian oil producer Enauta Participacoes SA had a budget to invest 2 billion reais ($356 million) in restoring its portfolio and acquiring new fields. Enauta produces 15,000 barrels of equivalent oil per day in the third quarter, including natural gas, from its stake at the Manati field. Such investments in the petroleum industry will benefit the global butane market as the demand for butane is directly proportional to the production of natural gas. Currently, investments and economic growth in developed countries are saturated, which is encouraging investors to establish their manufacturing bases in developing countries and target their markets. The growing rate of industrialization worldwide is expected to accelerate the demand for diversified chemicals, as they are widely used as process chemicals in various manufacturing processes. Thus, industrialization and urbanization are expected to drive the demand for various diversified chemicals in developing countries, which is likely to support the growth of the global diversified chemicals industry and thus the global butane market.

Key Butane Market Challenge

Logistical concern related to hazardous chemicals is a major hindrance to the butane market growth. Safe transportation of hazardous chemicals such as butane across the globe is one of the biggest concerns. A boom in the chemical industry has led to an increase in the safety concerns of chemical logistics as freight traffic has witnessed a sharp increase. The shortage of untrained professionals for handling packaging and transportation of hazardous chemicals and the lack of awareness about new and emerging trends and technologies are some of the major drawbacks witnessed globally. Hydrocarbon gas liquids (HGL) that are extracted from natural gas at petroleum refineries are transported as separate HGL purity products or as liquids in mixtures of HGL through pipelines, trucks, ships, and rail cars, and barges. Propane and normal butane can be transported through LPG pipelines or in batches as purity products. These pipelines are also used to transport other kinds of petroleum products. In addition, poor storage infrastructure, which includes warehouses that are not leakproof, ill-equipped with security systems, and without adequate warehousing facilities hampers the market growth for butane.

This butane market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global butane market as a part of the global diversified chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the butane market during the forecast period.

Who are the Major Butane Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:


  • BP Plc
  • Chevron Corp.
  • China Petroleum and Chemical Corp.
  • ConocoPhillips Co.
  • Exxon Mobil Corp.
  • Linde Plc
  • Royal Dutch Shell Plc
  • TotalEnergies SE
  • Valero Energy Corp.


This statistical study of the butane market encompasses successful business strategies deployed by the key vendors. The butane market is concentrated and the vendors are deploying growth strategies such as continuously engaging in R&D to ensure their products adhere to stringent quality standards to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The butane market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Butane Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the butane market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the diversified chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.


Which are the Key Regions for Butane Market?

Butane Market Share by Geography

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51% of the butane market growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for butane in APAC. Market growth in this region will be faster than the growth of the market in regions.

The use of LPG as an ingredient in plastics for the production of numerous products, ranging from drinking bottles to carrier bags will facilitate the butane market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of respiratory and infectious diseases in the region had a slightly negative impact on the growth of the regional butane market in 2020. China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines were under partial or complete lockdowns because of the COVID-19 pandemic. As of June 24, 2021, the total number of COVID-19 cases reported in India, Indonesia, and Japan was around 30.08 million, 2.03 million, and 0.79 million, respectively. In March 2020, India imposed a complete, nationwide lockdown to prevent the community spread of the disease. Lockdowns and stringent rules on social distancing and isolation have affected the manufacturing industry in APAC countries. The production of butane was categorized under essential services, and therefore, its supply chain was not affected much. Thus, barring some logistics and supply chain issues, butane was made available in the market in late 2020. Thus, the growth of the market is expected to stabilize during the latter half of the forecast period, following the containment of the COVID-19 pandemic. 

What are the Revenue-generating Application Segments in the Butane Market?

Butane Market Share

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The butane market share growth in the LPG segment will be significant during the forecast period. The demand for LPG for use in central heating systems, and as an engine fuel and raw material for chemical plants will drive the LPG market segment growth during 2021-2025.

This report provides an accurate prediction of the contribution of all the segments to the growth of the butane market size and actionable market insights on post COVID-19 impact on each segment.


Butane Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 3.45%

Market growth 2021-2025

$ 12.75 billion

Market structure


YoY growth (%)


Regional analysis

APAC, MEA, North America, Europe, and South America

Performing market contribution

APAC at 51%

Key consumer countries

China, US, India, Saudi Arabia, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BP Plc, Chevron Corp., China Petroleum and Chemical Corp., ConocoPhillips Co., Exxon Mobil Corp., LAIR LIQUIDE SA, Linde Plc, Royal Dutch Shell Plc, TotalEnergies SE, and Valero Energy Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Butane Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive butane market growth during the next five years
  • Precise estimation of the butane market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the butane industry across APAC, MEA, North America, Europe, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of butane market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis - Diversified chemicals

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 LPG - Market size and forecast 2020-2025
      • Exhibit 17: LPG - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: LPG - Year-over-year growth 2020-2025 (%)
    • 5.4 Petrochemicals - Market size and forecast 2020-2025
      • Exhibit 19: Petrochemicals - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: Petrochemicals - Year-over-year growth 2020-2025 (%)
    • 5.5 Refineries - Market size and forecast 2020-2025
      • Exhibit 21: Refineries - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 22: Refineries - Year-over-year growth 2020-2025 (%)
    • 5.6 Others - Market size and forecast 2020-2025
      • Exhibit 23: Others - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by Application
      • Exhibit 25: Market opportunity by Application

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 27: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 28: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 MEA - Market size and forecast 2020-2025
      • Exhibit 31: MEA - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 32: MEA - Year-over-year growth 2020-2025 (%)
    • 7.5 North America - Market size and forecast 2020-2025
      • Exhibit 33: North America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 34: North America - Year-over-year growth 2020-2025 (%)
    • 7.6 Europe - Market size and forecast 2020-2025
      • Exhibit 35: Europe - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 36: Europe - Year-over-year growth 2020-2025 (%)
    • 7.7 South America - Market size and forecast 2020-2025
      • Exhibit 37: South America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 39: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 40: Market opportunity by geography

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 41: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • 9.2 Vendor landscape
            • Exhibit 42: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 43: Landscape disruption
            • Exhibit 44: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 45: Vendors covered
          • 10.2 Market positioning of vendors
            • 10.3 BP Plc
              • Exhibit 47: BP Plc - Overview
              • Exhibit 48: BP Plc - Business segments
              • Exhibit 49: BP Plc - Key offerings
              • Exhibit 50: BP Plc - Segment focus
            • 10.4 Chevron Corp.
              • Exhibit 51: Chevron Corp. - Overview
              • Exhibit 52: Chevron Corp. - Business segments
              • Exhibit 53: Chevron Corp. - Key offerings
              • Exhibit 54: Chevron Corp. - Segment focus
            • 10.5 China Petroleum and Chemical Corp.
              • Exhibit 55: China Petroleum and Chemical Corp. - Overview
              • Exhibit 56: China Petroleum and Chemical Corp. - Business segments
              • Exhibit 57: China Petroleum and Chemical Corp. - Key offerings
              • Exhibit 58: China Petroleum and Chemical Corp. - Segment focus
            • 10.6 ConocoPhillips Co.
              • Exhibit 59: ConocoPhillips Co. - Overview
              • Exhibit 60: ConocoPhillips Co. - Product and service
              • Exhibit 61: ConocoPhillips Co. - Key offerings
            • 10.7 Exxon Mobil Corp.
              • Exhibit 62: Exxon Mobil Corp. - Overview
              • Exhibit 63: Exxon Mobil Corp. - Business segments
              • Exhibit 64: Exxon Mobil Corp.-Key news
              • Exhibit 65: Exxon Mobil Corp. - Key offerings
              • Exhibit 66: Exxon Mobil Corp. - Segment focus
            • 10.8 LAIR LIQUIDE SA
              • Exhibit 67: LAIR LIQUIDE SA - Overview
              • Exhibit 68: LAIR LIQUIDE SA - Business segments
              • Exhibit 69: LAIR LIQUIDE SA - Key offerings
              • Exhibit 70: LAIR LIQUIDE SA - Segment focus
            • 10.9 Linde Plc
              • Exhibit 71: Linde Plc - Overview
              • Exhibit 72: Linde Plc - Business segments
              • Exhibit 73: Linde Plc-Key news
              • Exhibit 74: Linde Plc - Key offerings
              • Exhibit 75: Linde Plc - Segment focus
            • 10.10 Royal Dutch Shell Plc
              • Exhibit 76: Royal Dutch Shell Plc - Overview
              • Exhibit 77: Royal Dutch Shell Plc - Business segments
              • Exhibit 78: Royal Dutch Shell Plc - Key news
              • Exhibit 79: Royal Dutch Shell Plc - Key offerings
              • Exhibit 80: Royal Dutch Shell Plc - Segment focus
            • 10.11 TotalEnergies SE
              • Exhibit 81: TotalEnergies SE - Overview
              • Exhibit 82: TotalEnergies SE - Business segments
              • Exhibit 83: TotalEnergies SE-Key news
              • Exhibit 84: TotalEnergies SE - Key offerings
              • Exhibit 85: TotalEnergies SE - Segment focus
            • 10.12 Valero Energy Corp.
              • Exhibit 86: Valero Energy Corp. - Overview
              • Exhibit 87: Valero Energy Corp. - Business segments
              • Exhibit 88: Valero Energy Corp. - Key offerings
              • Exhibit 89: Valero Energy Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 90: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 91: Research Methodology
                • Exhibit 92: Validation techniques employed for market sizing
                • Exhibit 93: Information sources
              • 11.4 List of abbreviations
                • Exhibit 94: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              TechnavioREPORT WRITING


              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis


              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Butane Market market growth will increase by $12.75 bn during 2021-2025.
              The butane market market is expected to grow at a CAGR of 3.45% during 2021-2025.
              Technavio has segmented the butane market market by application (LPG, petrochemicals, refineries, and others) ,geography (APAC, MEA, North America, Europe, and South America) , and geographic (APAC, MEA, North America, Europe, and South America).
              BP Plc, Chevron Corp., China Petroleum and Chemical Corp., ConocoPhillips Co., Exxon Mobil Corp., LAIR LIQUIDE SA, Linde Plc, Royal Dutch Shell Plc, TotalEnergies SE, Valero Energy Corp. are a few of the key vendors in the butane market market.
              APAC will register the highest growth rate of 51% among the other regions. Therefore, the butane market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • China
              • US
              • India
              • Saudi Arabia
              • Japan
              The key factors driving the butane market market growth are:
              • Advantages of LPG as auto fuel over conventional fuels
              • Rapid industrialization in BRICS
              The butane market market vendors should focus on grabbing business opportunities from the lpg segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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