One driver in the Butane market is advantages of LPG as auto fuel over conventional fuels. Vehicular emission is one of the major sources of air pollution specifically in the urban areas.
- Advertising -
This report covers the present scenario and the growth prospects of the global www.reportsnreports.com/reports/12…et-2017-2021.html market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The analysts forecast global butane market to grow at a CAGR of 7.60% during the period 2017-2021.
- Advertising -
Butane is a hydrocarbon belonging to the alkane family, which has two structural isomers: n-butane (normal butane) or isobutene. It is characterized as a colorless, flammable, and easily liquefiable gas.
This report, Global Butane Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Key players in the global butane market: BP, Chevron Phillips Chemical, ConocoPhillips, ExxonMobil, and Total. Other Prominent Vendors in the market are: Air Liquide, China Petroleum & Chemical Corporation, DEVON ENERGY CORPORATION, Linde, and Shell.
Further, the butane market report states that one challenge in the market is fluctuation in raw material prices. The butane market is exposed to fluctuations pertaining to raw material and energy prices.
In past few years, the crude oil and natural gas market was comparatively stable in terms of supply and demand. In the middle of 2014, crude oil prices declined rapidly when Organization of the Petroleum Exporting Countries (OPEC) announced no reduction in production to match crude oil supply-demand across the world.
However, raw material price fluctuation, especially for crude oil-based feedstock, till date hinders the global butane market growth.
Read more on butane www.reportsnreports.com/reports/12…et-2017-2021.html .