Global Butane Market Size & Outlook, 2023-2030
Global butane market, 2018-2030 (US$B)
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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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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.
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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)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 18.6 | 19.3 | 20.1 | 21.1 | 21.9 | 22.7 | 23.6 | 24.5 | 25.4 | 26.4 | 27.4 | 28.5 | 29.6 | 3.9% |
| Europe | 30.8 | 31.9 | 33.3 | 35.0 | 36.4 | 37.9 | 39.4 | 41.0 | 42.6 | 44.3 | 46.1 | 48.0 | 49.9 | 4.0% |
| Asia Pacific | 32.8 | 34.1 | 35.8 | 38.0 | 39.7 | 41.5 | 43.4 | 45.4 | 47.4 | 49.4 | 51.7 | 53.9 | 56.3 | 4.5% |
| Latin America | 5.3 | 5.5 | 5.8 | 6.1 | 6.3 | 6.5 | 6.7 | 7.0 | 7.3 | 7.5 | 7.8 | 8.1 | 8.4 | 3.7% |
| MEA | 3.8 | 3.9 | 4.0 | 4.1 | 4.2 | 4.3 | 4.4 | 4.5 | 4.6 | 4.7 | 4.9 | 5.0 | 5.1 | 2.4% |
| Overall | 91.1 | 94.6 | 98.9 | 104.2 | 108.4 | 112.9 | 117.5 | 122.4 | 127.3 | 132.4 | 137.8 | 143.4 | 149.3 | 4.1% |
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