The global butane market is valued at US$75.947 billion in 2025 and is projected to grow at a CAGR of 4.31% over the forecast period.

NEW YORK, NY, UNITED STATES, February 6, 2025 /EINPresswire.com/ -- According to a new study by Knowledge Sourcing Intelligence, the global butane supplements market is projected to grow at a CAGR of 4.31% between 2025 and 2030.

The butane market’s growth is attributed to its increasing application in making liquid petroleum gases (LPG) and the corresponding use of LPG for domestic demand. Increasing adoption of LPG as a domestic fuel in emerging economies of Asia Pacific, such as India and China, where it is one of the largest imported commodities, and the means of government subsidies will remain a key driving factor for the growing demand for butane.
The construction and building industry worldwide is showing a significant pace of growth and development. One of the primary reasons for this industry's expansion is the growing global urbanization. This includes constructing parks, hospitals, hotels, restaurants, houses, buildings, etc., for a large urban population.

Moreover, a construction site has several uses for energy, including cutting, welding, roofing, and drying. To carry out the tasks, reliable fuel is essential. This can be a mixture of hydrocarbons such as propane and butane, LPG, a popular fuel.

Further, construction output increased by 0.8% in the euro area and by 0.6% in the EU in October 2024. Construction output rose 1.4% in the euro area and 0.9% in the EU in November 2024 compared to November 2023. Countries with significant increases are Romania, Poland, and Belgium, which are the top countries showing considerable growth in the region. This increase in the construction industry indicates an overall increase in raw materials for inputs, including the butane market.

Access sample report or view details: https://www.knowledge-sourcing.com/report/global-butane-market

The global Butane market is segmented by end-user industry into five major categories: Residential, industrial, engine fuel, refinery, and others. The increasing demand for LPG in households and industries enhances consumption. Because developing nations lack a gas pipeline network and have limited natural resources, the growing population has made them more reliant on LPG for cooking. Many chemicals, such as ethylene and maleic anhydride, are manufactured using these gases. For the forecast, engine fuel application is expected to gradually lose market shares due to the increasing use of natural gas in vehicles. The industrial use includes heating, cigarette lighter fuel, and other uses.

The global butane market by source category is segmented into natural gas and refining. Butane is mostly needed by refineries to produce liquefied petroleum gas (LPG), which is used as a fuel source for cooking and heating in homes and businesses. Besides, butane is required in the petrochemical industry to produce plastics and other chemicals, meaning that the high demand for LPG directly affects the demand for butane from the refineries.

Based on geography, The Asia Pacific region is expected to see notable growth in the butane market due to its increasing demand for household consumption. In India, LPG refers to both liquefied propane and butane or mixtures. The number of LPG connections has grown significantly, from 14.52 crore in 2014 to over 32.73 crore as of August 2024, including 10.33 crore PMUY connections. This increasing demand for household consumption will increase the need for butane in the country.

As a part of the report, the major players operating in the Global Butane supplements market that have been covered are BP plc, Chevron Phillips Chemical Company LLC, China Petrochemical Corporation, ConocoPhillips Company, Dow, Exxon Mobil Corporation, Linde plc, Merck KGaA, Shell plc, TotalEnergies, Ashish Chemical, Butane Energy Limited.

The market analytics report segments the global butane supplements market as follows:

• By End-user Industry

o Residential
o Industrial
o Engine Fuel
o Refinery
o Others

• By Source

o Natural Gas
o Refining

• By Geography

• North America

o USA
o Canada
o Mexico

• South America

o Brazil
o Argentina
o Rest of South America

• Europe

o United Kingdom
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Middle East and Africa

o Saudi Arabia
o UAE
o Rest of the Middle East and Africa

• Asia Pacific

o China
o India
o Japan
o South Korea
o Taiwan
o Thailand
o Indonesia
o Rest of Asia-Pacific

Companies Profiled:

• BP plc
• Chevron Phillips Chemical Company LLC
• China Petrochemical Corporation
• ConocoPhillips Company
• Dow
• Exxon Mobil Corporation
• Linde plc
• Merck KGaA
• Shell plc
• TotalEnergies
• Ashish Chemical
• Butane Energy Limited

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About Us

Knowledge Sourcing Intelligence (KSI) is a market research and intelligence provider that uses a combination of quantitative and qualitative research techniques to deliver comprehensive, in-depth insights to clients. Our approach to market research is centered around the concept of 'Knowledge Sourcing' - the process of gathering data and insights from multiple sources to create a comprehensive and well-rounded picture of the market. KSI's core services include market intelligence, competitive intelligence, customer intelligence, and product intelligence. KSI's approach to market research is designed to help clients make informed decisions, identify opportunities, and gain a better understanding of their target markets. By using a combination of primary and secondary research techniques, we provide clients with detailed insights into current market trends, customer profiles, competitor analysis, and product performance. KSI's market research and intelligence services enable clients to make informed decisions, develop strategic plans, and identify areas of opportunity.

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