U.S. Butane Market Size & Outlook, 2023-2030
U.S. butane market, 2018-2030 (US$B)
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U.S. butane market highlights
- The U.S. butane market generated a revenue of USD 18.0 billion in 2023 and is expected to reach USD 23.5 billion by 2030.
- The U.S. market is expected to grow at a CAGR of 3.9% 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.
Butane market data book summary
| Market revenue in 2023 | USD 18.0 billion |
| Market revenue in 2030 | USD 23.5 billion |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Lpg |
| Fastest growing segment | LPG |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | LPG, Petrochemicals, Refineries, Other Applications |
| Key market players worldwide | BP 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, U.S. accounted for 15.9% of the global butane market in 2023.
- Country-wise, Russia is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. butane market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 23.5 billion by 2030.
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Butane Market Scope
Butane Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 73.33% in 2023. Horizon Databook has segmented the U.S. butane market based on lpg, petrochemicals, refineries, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
- U.S. Butane Application Outlook (Revenue, USD Billion, 2018-2030)
- LPG
- Petrochemicals
- Refineries
- Other Applications
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. butane market , including forecasts for subscribers. This country databook contains high-level insights into U.S. butane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. butane market size, by application, 2018-2030 (US$B)
U.S. Butane Market Outlook Share, 2023 & 2030 (US$B)
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