Global Butane Market Size & Outlook, 2023-2030
Global butane market, 2018-2030 (US$B)
Related Markets
Global butane market highlights
- The global butane market generated a revenue of USD 112.9 billion in 2023 and is expected to reach USD 149.3 billion by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.1% by 2030.
- In terms of segment, lpg accounted for a revenue of USD 78.8 billion in 2023.
- LPG is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 112.9 billion |
| Market revenue in 2030 | USD 149.3 billion |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Lpg |
| Fastest growing segment | LPG |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | LPG, Petrochemicals, Refineries, Other Applications |
Other key industry trends
- In terms of revenue, the North America accounted for 20.1% of the global butane market in 2023.
- By country, the Russia is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 1.6 billion by 2030.
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Butane Market Scope
Butane Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global butane market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to butane market will help companies and investors design strategic landscapes.
Lpg was the largest segment with a revenue share of 69.8% in 2023. Horizon Databook has segmented the Global butane market based on lpg, petrochemicals, refineries, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Butane Application Outlook (Revenue, USD Billion, 2018-2030)
- LPG
- Petrochemicals
- Refineries
- Other Applications
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Our clientele includes a mix of butane market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global butane market , including forecasts for subscribers. This global databook contains high-level insights into Global butane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global butane market size, by region, 2018-2030 (US$B)
Top 10 countries: Butane market size, 2023 (US$B)
Global butane market share, by application, 2023 & 2030 (%, US$B)
Butane market: Opportunity assessment by country
Global butane market, by region, 2023 (US$B)
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