SkyQuest Technology Group recently introduced Butane Market study with in-depth overview, describing about the Product/Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. The Butane Market has witnessed Excellent growth over the past decade and is expected to maintain its upward trajectory.
Butane Market size was valued at USD 61.7 billion in 2023 and is poised to grow from USD 64.41 billion in 2024 to USD 90.91 billion by 2032, growing at a CAGR of 4.4% during the forecast period (2025-2032).
Butane is generally used as a mixture of isomers in a variety of applications. There are two types of isomers n-butane and isobutane mixture of these two isomers. Butane is a colorless, flammable and easily liquefied gas. It is heavier than the air with a density of approximately 575 kg per cubic meters at 15 degree Celsius. Butane has a boiling point of approximately -1 degrees Celsius, while its flash point is approximately -40 degrees Celsius. Butanes are removed from gas processing plants that are found near crude oil or natural gas reserves. Butane can also be used as a byproduct of crude oil production and refining.
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Butanes are also produced as a by-product of crude oil refining in a refinery. The crude oil removed from the reservoir is sent to refineries to be processed into various end products such as gasoline, diesel, jet fuel, lubes, etc. Crude oil is processed in a fractionating tower, and various products are recovered from the tower at different temperature levels. These temperature levels are also known as crude cuts. The demand for butane is on the increase, as verification by its increasing use in the automotive and petrochemical industries. This trend is expected to continue even during the forecast period. Butane is mainly used as LPG in residential and commercial purposes for heating and cooking purposes.
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2032, Y-o-Y growth rate, and CAGR):
The Butane Market can be segmented based on several factors, including product type, application, end-user, and distribution channel.
Source
Natural Gas, Refining
Application
Liquid Petroleum Gases (LPG) (Residential/Commercial, Chemical/Petrochemical, Industrial, Auto Fuel, Refinery, Others), Petrochemicals, Refineries, Others
Butane Market – Regional Analysis:
– Butane North America Market includes (Canada, Mexico, USA)
– Butane Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
– Butane Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
– Butane South America Market includes (Brazil, Argentina)
– Butane Oceania Market (Australia & New Zealand)
Top Market Players in Butane Market are:
Exxon Mobil Corporation (United States)
BP plc (United Kingdom)
Royal Dutch Shell plc (Netherlands)
TotalEnergies (France)
China National Petroleum Corporation (CNPC) (China)
Chevron Corporation (United States)
Phillips 66 Company (United States)
China Petroleum & Chemical Corporation (Sinopec) (China)
Bharat Petroleum Corporation Limited (India)
Linde plc (United Kingdom)
ConocoPhillips Company (United States)
Merck KGaA (Germany)
Proton Gases India Pvt. Ltd. (India)
Aspire Industries (India)
Heze Sirloong Chemical Co., Ltd. (China)
Do-Well Aerosols (South Korea)
JCK Global Spray Tech Private Limited (India)
Anchor Allied (United Arab Emirates)
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Recent developments:
In March 2024, Trading and Exploitation Company (Tradex), specializing in the marketing of petroleum products, initiated an international tender process to recruit a supplier for 66,000 commercial butane 12.5kg gas cylinders and 600 cylinders of 50 kg each, equipped with a valve and level indicator.
In November 2023, Spartan Delta Corp. announced the completion of a series of asset acquisitions in the West Shale Basin Duvernay for aggregate cash consideration of approximately $25 million and preliminary 2024 guidance.
Forward-Looking Insights
The Butane Market is set to experience sustained growth, fueled by technological advancements, broader global market access, and rising industry demand. With the industry addressing emerging challenges and capitalizing on new opportunities, it is expected to drive innovation and play a pivotal role in advancing global health and economic progress.
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