Chemical industry reports Butane Market Outlook and Analysis 2024

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Butane Market Analysis, Size, Regional Outlook, Industry
Overview and Forecasts to 2024
" The global butane market size was valued over USD
60 billion in 2015. Its demand exceeded 138.22
million tons the same year. The industry is expected
to reach nearly USD 82 billion by the end of the
forecast period ."
The global Butane Market stood at approximately USD 60 billion in 2015. In volume terms, global demand was
nearly 138.22 million tons during the same year. This market is anticipated to expand at more than 2.7% CAGR
during the forecast period (2016 to 2024).
An easily liquefiable gas, butane is highly flammable, colorless gas, and odorless. It is a byproduct that is
obtained during the refining process of crude oil. Crude oil that is extracted from the reservoirs is transported
to the refineries that derive products, such as jet fuel, diesel, and even gasoline. It is known as normal or n-
butane when the carbon atoms are lined in a straight chain. However, when they are branched, the gas is called
isobutane. N-butane is blended with gasoline to increase its volatility.
Robust demand for Liquid Petroleum Gas (LPG) may favorably impact the industry. Higher standards of living
and rising disposable incomes can impel the market till 2024. Most of the butane manufactured globally is used
in LPG. When mixed with propane in a certain ratio, butane is often referred to as LPG.
Browse Details of Report @ https://www.hexaresearch.com/research-report/butane-industry
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