1. What is the projected Compound Annual Growth Rate (CAGR) of the Butanes Market?
The projected CAGR is approximately 5.1%.
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Butanes MarketButanes Market by Application (Residential & Commercial, Industrial, Engine Fuel, Refinery, Chemical Feedstock, Others), by North America (By Application, By Country), by Europe (By Application, By Country), by Asia Pacific (By Application, By Country), by Latin America (By Application, By Country), by The Middle East & Africa (By Application, By Sub-Region) Forecast 2026-2034
The Butanes Market size was valued at USD 59.85 USD Billion in 2023 and is projected to reach USD 84.78 USD Billion by 2032, exhibiting a CAGR of 5.1 % during the forecast period. Butane is a gaseous member of the alkane series of hydrocarbons with the chemical formula C₄H₁₀. It is a gas that is a liquid at room temperature and is nonpolar, colourless, odourless, and highly flammable. It is used for fuel purposes in portable stoves, lighters, and camping lanterns. Butane is excellent and suitable for many occasions, particularly for its convenience and efficiency. It has a very low boiling point and will therefore vaporize at room temperature, making ignition much easier. Its harmless nature when burned does not cause any harmful emissions to the environment. Butane is also easily available in throw-away-type pressurized containers, which is why it is also a suitable source of energy during camping or in emergency situations. Besides, the high amount of energy it contains per unit volume makes it economically viable for use to power small appliances.
By Application:
By End-User:
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.1% from 2020-2034 |
| Segmentation |
|
Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5.1%.
Key companies in the market include Exxon Mobil Corporation (Irving, United States), British Petroleum Plc (London, United Kingdom), Total S.A. (Paris, France), Royal Dutch Shell (The Hague, Netherlands), Air Liquide (Paris, France), China Petroleum & Chemical Corporation (Sinopec) (Beijing, China), China National Petroleum Corporation (CNPC) (Beijing, China), ConocoPhillips (Houston, United States), Indian Oil Corporation Ltd. (New Delhi, India), Bharat Petroleum Corporation Limited (Mumbai, India).
The market segments include Application.
The market size is estimated to be USD 59.85 USD Billion as of 2022.
Rising Demand for Residential LPG to Promote Market Growth.
N/A
Strong Presence of Alternatives Confines Market Growth.
N/A
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The market size is provided in terms of value, measured in USD Billion and volume, measured in K Tons.
Yes, the market keyword associated with the report is "Butanes Market," which aids in identifying and referencing the specific market segment covered.
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