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The global butane market is estimated to reach USD 125.7 billion by 2026 growing at a CAGR of 7.3% during the forecast period, according to a new study published by Polaris Market Research.

The report ‘Butane Market Share, Size, Trends, & Industry Analysis Report, [By Application (LPG {Residential/Commercial, Chemical/Petrochemicals, Industrial, Autofuels, Refinery, Others}, Petrochemicals, Refinery, and Others), By Regions: Segment Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.

Butane is a natural gas liquid is a refinery product with feedstock such as naphtha and coal.

It is also used widely is in the production of petrochemical manufacturing.

Moreover, use of LPG has also reduced dependency on the forest products for combustion purposes.

LPG is also used widely in many developed countries for fuel and residential applications.

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 Key Highlights:In terms of value, the global butane gas cartridges market was stood around US$ 400 Mn in 2018 and is anticipated to expand at a CAGR of more than 4% from 2019 to 2027Stoves application accounted for largest share of the butane gas cartridges market in terms of value with more than 35.0% share in 2018 followed by food & beverages.Growing demand for portable energy storage systems such as butane gas stoves for outdoor activities such as picnic, camping, and others have boosted the sales of butane gas cartridges, globallyBased on region, Asia Pacific held a major share in 2018 and is expected to remain dominant region during the forecast period.

Increase in demand for portable energy storage systems in countries such as China and India propels the demand for butane gas cartridgesAfter Asia Pacific, North America is the major region which accounted for more than 20% of the butane gas cartridges in 2018.It is expected to exhibit moderate growth rate during the forecast periodSmall traders and distributors are actively selling integrated butane gas cartridges stoves to individual customers.

Around 30-35% butane gas cartridges is sold through e-stores and rest is sold directly through wholesalers and retailersRequest A Sample- https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=17957Volatility in Crude Oil Price and Risk Associated With Bursting of Gas Cartridges May Hamper Overall Demand of Butane Gas Cartridges  The raw material for production of butane gas are crude oil and natural gas.

The compressed gas is then filled into cartridges or canisters and is sold to specific customers.Crude oil and natural gas are traded in the global market.

More than 100 companies are engaged in the distribution and production of butane gas cartridges.

Some of these companies do not comply with acceptable standards, which leads to major fire hazards resulting in loss of property and/or life.

The Global Butane Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.

The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on application.

These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.

The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Butane Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/10470-butane-market-reportThe report also covers the complete competitive landscape of the global Butane market with company profiles of key players such as:Aditya Air Products Pvt.

Ltd.Air LiquideBritish Petroleum plcChevron CorporationChina National Petroleum CorporationChina Petroleum and Chemical CorporationConocoPhillips Inc.Devron Energy CorporationEnergy Corporation of AmericaExxon Mobil CorporationLinde AGPerencoPraxairProton Gases India Pvt.

Global Butane Market is anticipated to grow significantly in the forecast period owing to the rise in demand for LPG (liquid petroleum gas) for wide range of applications.

It is increasingly used as fuel additive or a solvent carrier and formulator.

For non-fuel uses, butane is used for applications in aerosol coatings & sprays, paint dyes, insulating polyurethane, automotive spray waxes, etc.Butane is extremely easy to use as compared to other fuels.

It offers low toxicity and burns cleaner than other fuels; it produces carbon dioxide and is energy efficient.

It produces more energy than propane with the same volume used for burning.Butane market is majorly driven by increase in government initiatives to promote the use of LPG as a heating fuel especially in emerging regions of Africa and Asia Pacific due to the growing population.

Petroleum capacity expansion is growing speedily in the regions of Asia Pacific and Middle East, which is again supporting the growth of butane market.Request a Free Sample Copy of Butane Market Report @ https://www.millioninsights.com/industry-reports/butane-market/request-sampleUnstable prices of raw material and prohibition on MTBE based gasoline blending in several states in the United States for ground water pollution is a major challenge for the market players.

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