Butane
Butane Market by Source Type (Crude Oil, Natural Gas Liquids), Application Areas (Aerosol Propellants, Automotive, Industrial), End-Use Industry, Packaging, Safety Regulations - Global Forecast 2025-2030
SKU
MRR-431B7BFFBF91
Region
Global
Publication Date
February 2025
Delivery
Immediate
2024
USD 77.84 billion
2025
USD 83.54 billion
2030
USD 117.17 billion
CAGR
7.05%

The Butane Market size was estimated at USD 77.84 billion in 2024 and expected to reach USD 83.54 billion in 2025, at a CAGR 7.05% to reach USD 117.17 billion by 2030.

Butane Market
To learn more about this report, request a free PDF copy

Butane, a colorless and highly flammable hydrocarbon gas, is primarily sourced from crude oil and natural gas refining. It plays a critical role in various industries due to its necessity as a fuel and refrigerant, making it integral to applications such as heating, cooking, lighters, and propellants in aerosols. End-use scope extends to the chemical industry for producing butadiene, a key component in synthetic rubber manufacturing. The market for butane is bolstered by factors such as increasing industrialization, growing demand for liquefied petroleum gas (LPG), and its role as a petrochemical feedstock. Recent emphasis on sustainable energy and green chemistry presents opportunities for its use in emerging technologies and bio-butanol production, which can be tapped through innovation in eco-friendly extraction and conversion processes. However, challenges including the volatility in crude oil prices, environmental concerns about butane's impact, and stringent government regulations on fossil fuel consumption pose significant limitations to market growth. The growing trend towards renewable energy sources also presents a competitive threat. To capitalize on burgeoning opportunities, companies can invest in greener, more efficient processing technologies and explore partnerships for advancing biobased alternatives. Furthermore, developing butane recovery and storage solutions can mitigate losses and optimize supply chains. Industry innovation can focus on enhancing butane's stability and reducing emissions, aligning with environmental sustainability goals. Insight into the market's cyclical nature reveals that adaptability to changing energy policies and technological advancements is essential for maintaining competitiveness. Emphasizing research in renewable sources that integrate well with butane usage will likely yield long-term benefits, playing a pivotal role in shaping future market dynamics.

Ask ResearchAI anything

World's First Innovative Al for Market Research

Ask your question about the Butane market, and ResearchAI will deliver precise answers.
How ResearchAI Enhances the Value of Your Research
ResearchAI-as-a-Service
Gain reliable, real-time access to a responsible AI platform tailored to meet all your research requirements.
24/7/365 Accessibility
Receive quick answers anytime, anywhere, so you’re always informed.
Maximize Research Value
Gain credits to improve your findings, complemented by comprehensive post-sales support.
Multi Language Support
Use the platform in your preferred language for a more comfortable experience.
Stay Competitive
Use AI insights to boost decision-making and join the research revolution at no extra cost.
Time and Effort Savings
Simplify your research process by reducing the waiting time for analyst interactions in traditional methods.

Market Dynamics

The market dynamics represent an ever-changing landscape of the Butane Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • High butane usage in the manufacture of aerosols and other consumer goods
    • Rising demand for butane as a petrochemical feedstock in diverse industrial applications
    • Governmental policies promoting cleaner energy sources boosting the butane market
  • Market Restraints
    • Reflecting on the competitive pressures from alternative energy sources challenging butane's market share
    • Exploring the effects of trade restrictions and geopolitical tensions on butane market accessibility
    • Acknowledging technological advancements in alternative fuels curbing the potential expansion of butane
  • Market Opportunities
    • Emerging butane-powered cooking appliances in the burgeoning home and outdoor kitchen segment
    • Opportunities in the booming food truck business as an off-grid power solution using butane fuels
    • Rising popularity of butane-powered tools and machinery in sectors focused on efficiency and mobility
  • Market Challenges
    • Enhancing infrastructure to support the efficient distribution and storage of butane products
    • Addressing safety concerns associated with the storage and transportation of butane
    • Mitigating risks associated with geopolitical instability in butane-producing regions

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Butane Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

PESTLE Analysis

The PESTLE analysis offers a comprehensive tool for understanding and analyzing the external macro-environmental factors that impact businesses within the Butane Market. This framework examines Political, Economic, Social, Technological, Legal, and Environmental factors, providing companies with insights into how these elements influence their operations and strategic decisions. By using PESTLE analysis, businesses can identify potential opportunities and threats in the market, adapt to changes in the external environment, and make informed decisions that align with current and future conditions. This analysis helps companies anticipate shifts in regulation, consumer behavior, technology, and economic conditions, allowing them to better navigate risks and capitalize on emerging trends.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Butane Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Butane Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Butane Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Butane Market, highlighting leading vendors and their innovative profiles. These include Air Liquide, Bharat Petroleum, Blazer Products Inc., British Petroleum, Chevron Corp., ConocoPhillips Inc., Egypt Oil & Gas, Exxon Mobil Corp., Hindustan Petroleum Corporation Limited, Indian Oil Corporation Ltd., Linde PLC, Royal Dutch Shell PLC, Sinopec Group, TotalEnergies SE, and Valero Energy Corporation.

Market Segmentation & Coverage

This research report categorizes the Butane Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Source Type
    • Crude Oil
      • Natural Gas Processing Plants
      • Refineries
    • Natural Gas Liquids
      • Extraction
      • Fractionation
  • Application Areas
    • Aerosol Propellants
      • Household Products
      • Personal Care Products
    • Automotive
      • Coolant and Refrigerant
      • Fuel Additives
    • Industrial
      • Chemical Manufacturing
      • Petrochemical
    • Residential
      • Cooking
      • Heating
  • End-Use Industry
    • Agriculture
      • Crop Irrigation
      • Farm Equipment
    • Construction
      • Building Materials
      • Infrastructure
    • Transport
      • Marine Transportation
      • Public Transportation
  • Packaging
    • Canisters
      • Bulk Storage
      • Portable Canisters
    • Compressed Cylinders
      • Stationary Cylinders
      • Transport Cylinders
  • Safety Regulations
    • Flammability Standards
      • Commercial Safety
      • Residential Safety
    • Storage Guidelines
      • Pressure Management
      • Temperature Control
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Butane Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Butane Market, by Source Type
  7. Butane Market, by Application Areas
  8. Butane Market, by End-Use Industry
  9. Butane Market, by Packaging
  10. Butane Market, by Safety Regulations
  11. Americas Butane Market
  12. Asia-Pacific Butane Market
  13. Europe, Middle East & Africa Butane Market
  14. Competitive Landscape
  15. List of Figures [Total: 27]
  16. List of Tables [Total: 807 ]
  17. List of Companies Mentioned [Total: 15]
360iResearch Analyst Ketan Rohom
Download a Free PDF
Get a sneak peek into the valuable insights and in-depth analysis featured in our comprehensive butane market report. Download now to stay ahead in the industry! Need more tailored information? Ketan is here to help you find exactly what you need.
Frequently Asked Questions
  1. How big is the Butane Market?
    Ans. The Global Butane Market size was estimated at USD 77.84 billion in 2024 and expected to reach USD 83.54 billion in 2025.
  2. What is the Butane Market growth?
    Ans. The Global Butane Market to grow USD 117.17 billion by 2030, at a CAGR of 7.05%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.