Infinium Global Research Butane Market -IGR | Page 2

Infinium Global Research has added a new report
on Global Butane Market. The report predicts the
market size of Butane is expected to reach XX
billion by 2023.
Butane is a flammable hydrocarbon gas liquefied
through pressurization. Butane is a gaseous fuel
derived from petroleum. It is used primarily for
camping, cooking and cigarette lighters. Butane is
blended with propane and commercially sold as
LPG (liquefied petroleum gas). Butane exists in
two forms, n-butane and iso-butane. N-butane is
technically butane fuel and iso-butane is an isomer
of butane with same chemical formula as butane
but different physical properties. Butane is used in
fuel manufacturing processes due to its properties
such as highly flammable and easily liquefiable.
Market Insights
The global Butane market was sized over USD 60
billion in 2015. The global Butane market is
projected to reach USD 81 billion by 2023, growing
with a CAGR of X.XX% to X.XX% from 2017 to
2023. The rising demand for Liquid Petroleum Gas
(LPG) is the key factor driving the growth of global
butane market from residential and commercial
sectors where it is mainly used as a domestic fuel.
Moreover, use of butane as petrochemical
feedstock for producing other derivates and
ethylene are also driving the growth of this
Infinium Global Research