DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Butane Market Analysis By Application (LPG (Residential/Commercial, Chemical/ Petrochemical, Industrial, Auto fuel, Refinery), Petrochemicals, Refineries),Trends & Dynamics, Competitive Landscape, And Segment Forecasts, 2014 - 2025" report to their offering.
The global butane market size is expected to reach USD 81.62 billion by 2025. Increasing monetary assistance from respective governments in the form of subsidies for LPG coupled with expanding population is expected to drive the market over the forecast period. Growing population and disposable income is projected to push the market growth over the coming years.
Rising industrialization coupled with capacity expansions of refineries in emerging economies of China and India is expected to fuel the butane industry demand. Growing concern regarding the impact of conventional fuel on the environment is projected to boost the LPG application market.
Increasing need for energy supply in automotive sectors is anticipated to drive the growth for butane industry. Wide range of applications of butane in petrochemicals, refrigerants, as a fuel for cigarette lighters, as propellants in aerosol sprays is expected to augment the market positively.
Growing demand for energy consumption on account of rapid urbanization is anticipated to augment butane market over the coming years. Companies such as Valero Energy Corporation, Energy Corporation of America, and Praxair adopted expansion strategies to enhance the production capacity.
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Butane Market Variables, Trends & Scope
4 Butane Market: Application Estimates & Trend Analysis
5 Butane Market: Regional Estimates & Trend Analysis
6 Competitive Landscape
7 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/mt3mpx/butane_market