Butane Market - Forecast (2022 - 2027)
Butane Market is forecast to reach $115.96 billion by 2025, after growing at a CAGR of 7.30% during 2020-2025. Butane is an organic compound that refers to either of two structural isomers, isobutane (also called "methylpropane") or n-butane. The global demand for butane is rising due to its growing demands from automobile and petrochemical industries and this trend is projected to persist even during the forecast period. Butane is mainly used as LPG in residential and commercial purposes for heating and cooking purposes. Moreover, increasing usage of butane in power generation is driving the demand for the butane market during the forecast period. Report Coverage The report: “Butane Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Butane Market. Key Takeaways North America is the second largest region for the butane market during the forecast period. The rapid advancement in the shale revolution in the U.S. has po...