Infinium Global Research Butane Market -IGR | Page 3

market. Furthermore, rising standards of living and
disposable incomes are also anticipated to drive
the growth of global butane market over the
forecast period. However, volatility in crude oil
prices and stringent government regulations owing
to growing environmental concerns are the prime
factors restraining growth of global butane market.
Rising industrialization with capacity expansions of
refineries in emerging economies like India and
China are likely to bring more opportunities to the
butane industry. Increasing need for energy supply
in automotive sectors as well as technological
developments by companies for increasing the
application areas for butane are anticipated to
bring more opportunities to global butane market
over the forecast period.
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Segments Covered:
The report segments the global Butane market by
applications and region. The global butane market
is segmented on the basis of application as LPG,
petrochemicals, refineries and others. LPG is
further sub segmented into residential &
commercial, chemical & petrochemical, auto-fuel,
industrial, refinery and others. Moreover, LPG
dominates the applications segment with share
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