Asia Pacific Butane Market Size & Outlook, 2023-2030

The butane market in Asia Pacific is expected to reach a projected revenue of US$ 56.3 billion by 2030. A compound annual growth rate of 4.4% is expected of Asia Pacific butane market from 2024 to 2030.
Revenue, 2023 (US$B)
$41.5
Forecast, 2030 (US$B)
$56.3
CAGR, 2024 - 2030
4.5%
Report Coverage
Asia Pacific

Asia Pacific butane market highlights

  • The Asia Pacific butane market generated a revenue of USD 41.5 billion in 2023.
  • The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
  • In terms of segment, lpg was the largest revenue generating application in 2023.
  • LPG is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.

Asia Pacific data book summary

Market revenue in 2023USD 41.5 billion
Market revenue in 2030USD 56.3 billion
Growth rate4.4% (CAGR from 2023 to 2030)
Largest segmentLpg
Fastest growing segmentLPG
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD billion
Market segmentationLPG, Petrochemicals, Refineries, Other Applications
Key market players worldwideBP PLC ADR, Chevron Corp, Valero Energy Corp, ConocoPhillips, Devon Energy Corp, Exxon Mobil Corp, Shell PLC, Linde PLC, TotalEnergies SE, Air Products & Chemicals Inc

Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 36.8% of the global butane market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 56.3 billion by 2030.

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Butane Market Companies

Name Profile # Employees HQ Website

Asia Pacific 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 66.51% in 2023. Horizon Databook has segmented the Asia Pacific butane market based on lpg, petrochemicals, refineries, other applications covering the revenue growth of each sub-segment from 2018 to 2030.


  • Asia Pacific 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 continent-level data and insights on the Asia Pacific butane market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific butane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific butane market size, by country, 2018-2030 (US$B)

Asia Pacific Butane Market Outlook Share, 2023 & 2030 (US$B)

Asia Pacific butane market size, by country, 2018-2030 (US$B)

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