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Report Scope & Overview:

Butene Market is expected to reach the valuation of US$ 51 Bn by 2031, The market is anticipated to rise at a CAGR of 3.7% during the forecast period 2021-2031.

Butene Market Overview:
Global Butene Market research provides insights into consumer behavior, industry trends, and market competition through the use of various research techniques, including surveys, interviews, and data analysis. The industry serves a wide range of clients, including businesses, government agencies, and non-profit organizations. Butene Market is highly diverse, with a range of services and specialties, including quantitative and qualitative research, brand research, product testing, customer satisfaction research, and competitive analysis.
 
Overall, Butene market plays a crucial role in helping businesses and organizations make informed decisions based on data-driven insights. As the demand for data-driven decision-making continues to grow, Butene market research is expected to experience further growth and innovation in the coming years.

DESCIMG1

Market Key Trends

Increasing Demand: Both 1-butene and 2-butene, collectively known as butene, find extensive use as raw materials in the production of diverse chemicals like polyethylene, polypropylene, and butadiene. The demand for these chemicals has been consistently rising, driven by factors such as population growth, urbanization, and industrialization.

Expansion of the Petrochemical Industry: The petrochemical sector, a significant consumer of butene, is experiencing global expansion. This growth is propelled by the increasing need for plastic products, packaging materials, synthetic fibers, and more. The augmented production capacity in the petrochemical industry has positively influenced the demand for butene.

Shale Gas Revolution: The emergence of shale gas as a significant energy source has had a profound impact on the butene market. Shale gas reserves contain substantial amounts of natural gas liquids (NGLs), including butene. The heightened production of shale gas has led to increased availability of butene feedstock, resulting in a more competitive and dynamic market.

Asia-Pacific Dominance: The butene market has witnessed substantial growth in the Asia-Pacific region, particularly in China. The region's expanding industrial base, growing population, and escalating consumer demand for plastic products have contributed to the expansion of the butene market. China, in particular, holds a prominent position as a major consumer and producer of butene.

Transition to Lighter Feedstocks: In recent years, there has been a shift in the preference for feedstocks used in butene production. Traditional feedstocks like naphtha are being replaced by lighter alternatives such as ethane and propane. This shift is driven by factors such as cost-effectiveness, feedstock availability, and the goal of maximizing production efficiency.

Emphasis on Process Innovations: Process innovations and advancements in butene production techniques are key trends in the market. These innovations aim to improve production efficiency, reduce energy consumption, and enhance the overall economics of butene manufacturing. Industry players are focusing on catalyst technologies, separation techniques, and process optimization to drive progress.


Market Segmentations:

Global Butene Market: By Company
• Evonik
• Shell
• ExxonMobil
• Chevron Phillips Chemical
• Praxair
• Mitsui Chemical
• Sumitomo Chemical
• Tonen Chemical
• Idemitsu Kosan
• Sabic

Global Butene Market: By Type
• 1-Butene
• 2-Butene

Global Butene Market: By Application
• Butadiene
• Methyl Ethyl Ketone (MEK)
• Butyl Rubber
• Other

Global Butene Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Butene market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Repot Attribute/MetricDetails
Market Size Value in 2020US$ 34.3 Bn
Projected Market Size 2031US$ 51 Bn
Compound Annual Growth Rate (CAGR) 3.7%
Base Year2022
Forecast Period2023 to 2032
Historical Data2018-2022
Forecast UnitsValue (USD Billion)
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends 
By Type• 1-Butene
• 2-Butene
By Application• Butadiene
• Methyl Ethyl Ketone (MEK)
• Butyl Rubber
• Other
Key Companies Profiled• Evonik
• Shell
• ExxonMobil
• Chevron Phillips Chemical
• Praxair
• Mitsui Chemical
• Sumitomo Chemical
• Tonen Chemical
• Idemitsu Kosan
• Sabic
Regions and Key Countries CoveredU.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America
Customization ScopeAvailable on Request


Reasons to Purchase Butene Market Report:
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.
Overall, market research reports provide businesses and organizations with valuable information that can help them make informed decisions and stay competitive in their industry. They can provide a solid foundation for business planning, strategy development, and decision-making.

Objectives of Butene Market Study:
The objectives of Butene market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of Butene market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.
Overall, the objectives of Butene market research report are to provide businesses and organizations with valuable insights and data-driven recommendations that can help them make informed business decisions and stay competitive in their industry.

Frequently Asked Questions

TABLE OF CONTENT

1 Butene Market Overview
1.1 Product Definition
1.2 Butene Segment by Type
1.2.1 Global Butene Market Value Growth Rate Analysis by Type 2023 VS 2032
1.2.2 1-Butene
1.2.3 2-Butene
1.3 Butene Segment by Application
1.3.1 Global Butene Market Value Growth Rate Analysis by Application: 2023 VS 2032
1.3.2 Butadiene
1.3.3 Methyl Ethyl Ketone (MEK)
1.3.4 Butyl Rubber
1.3.5 Other
1.4 Global Market Growth Prospects
1.4.1 Global Butene Production Value Estimates and Forecasts (2017-2032)
1.4.2 Global Butene Production Capacity Estimates and Forecasts (2017-2032)
1.4.3 Global Butene Production Estimates and Forecasts (2017-2032)
1.4.4 Global Butene Market Average Price Estimates and Forecasts (2017-2032)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Butene Production Market Share by Manufacturers (2017-2023)
2.2 Global Butene Production Value Market Share by Manufacturers (2017-2023)
2.3 Global Key Players of Butene, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Butene Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Butene Average Price by Manufacturers (2017-2023)
2.6 Global Key Manufacturers of Butene, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Butene, Product Offered and Application
2.8 Global Key Manufacturers of Butene, Date of Enter into This Industry
2.9 Butene Market Competitive Situation and Trends
2.9.1 Butene Market Concentration Rate
2.9.2 Global 5 and 10 Largest Butene Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Butene Production by Region
3.1 Global Butene Production Value Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.2 Global Butene Production Value by Region (2017-2032)
3.2.1 Global Butene Production Value Market Share by Region (2017-2023)
3.2.2 Global Forecasted Production Value of Butene by Region (2023-2032)
3.3 Global Butene Production Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.4 Global Butene Production by Region (2017-2032)
3.4.1 Global Butene Production Market Share by Region (2017-2023)
3.4.2 Global Forecasted Production of Butene by Region (2023-2032)
3.5 Global Butene Market Price Analysis by Region (2017-2023)
3.6 Global Butene Production and Value, Year-over-Year Growth
3.6.1 North America Butene Production Value Estimates and Forecasts (2017-2032)
3.6.2 Europe Butene Production Value Estimates and Forecasts (2017-2032)
3.6.3 China Butene Production Value Estimates and Forecasts (2017-2032)
3.6.4 Japan Butene Production Value Estimates and Forecasts (2017-2032)
4 Butene Consumption by Region
4.1 Global Butene Consumption Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
4.2 Global Butene Consumption by Region (2017-2032)
4.2.1 Global Butene Consumption by Region (2017-2023)
4.2.2 Global Butene Forecasted Consumption by Region (2023-2032)
4.3 North America
4.3.1 North America Butene Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.3.2 North America Butene Consumption by Country (2017-2032)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Butene Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.4.2 Europe Butene Consumption by Country (2017-2032)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Butene Consumption Growth Rate by Region: 2018 VS 2023 VS 2032
4.5.2 Asia Pacific Butene Consumption by Region (2017-2032)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Butene Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.6.2 Latin America, Middle East & Africa Butene Consumption by Country (2017-2032)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Butene Production by Type (2017-2032)
5.1.1 Global Butene Production by Type (2017-2023)
5.1.2 Global Butene Production by Type (2023-2032)
5.1.3 Global Butene Production Market Share by Type (2017-2032)
5.2 Global Butene Production Value by Type (2017-2032)
5.2.1 Global Butene Production Value by Type (2017-2023)
5.2.2 Global Butene Production Value by Type (2023-2032)
5.2.3 Global Butene Production Value Market Share by Type (2017-2032)
5.3 Global Butene Price by Type (2017-2032)
6 Segment by Application
6.1 Global Butene Production by Application (2017-2032)
6.1.1 Global Butene Production by Application (2017-2023)
6.1.2 Global Butene Production by Application (2023-2032)
6.1.3 Global Butene Production Market Share by Application (2017-2032)
6.2 Global Butene Production Value by Application (2017-2032)
6.2.1 Global Butene Production Value by Application (2017-2023)
6.2.2 Global Butene Production Value by Application (2023-2032)
6.2.3 Global Butene Production Value Market Share by Application (2017-2032)
6.3 Global Butene Price by Application (2017-2032)
7 Key Companies Profiled
7.1 Evonik
7.1.1 Evonik Butene Corporation Information
7.1.2 Evonik Butene Product Portfolio
7.1.3 Evonik Butene Production, Value, Price and Gross Margin (2017-2023)
7.1.4 Evonik Main Business and Markets Served
7.1.5 Evonik Recent Developments/Updates
7.2 Shell
7.2.1 Shell Butene Corporation Information
7.2.2 Shell Butene Product Portfolio
7.2.3 Shell Butene Production, Value, Price and Gross Margin (2017-2023)
7.2.4 Shell Main Business and Markets Served
7.2.5 Shell Recent Developments/Updates
7.3 ExxonMobil
7.3.1 ExxonMobil Butene Corporation Information
7.3.2 ExxonMobil Butene Product Portfolio
7.3.3 ExxonMobil Butene Production, Value, Price and Gross Margin (2017-2023)
7.3.4 ExxonMobil Main Business and Markets Served
7.3.5 ExxonMobil Recent Developments/Updates
7.4 Chevron Phillips Chemical
7.4.1 Chevron Phillips Chemical Butene Corporation Information
7.4.2 Chevron Phillips Chemical Butene Product Portfolio
7.4.3 Chevron Phillips Chemical Butene Production, Value, Price and Gross Margin (2017-2023)
7.4.4 Chevron Phillips Chemical Main Business and Markets Served
7.4.5 Chevron Phillips Chemical Recent Developments/Updates
7.5 Praxair
7.5.1 Praxair Butene Corporation Information
7.5.2 Praxair Butene Product Portfolio
7.5.3 Praxair Butene Production, Value, Price and Gross Margin (2017-2023)
7.5.4 Praxair Main Business and Markets Served
7.5.5 Praxair Recent Developments/Updates
7.6 Mitsui Chemical
7.6.1 Mitsui Chemical Butene Corporation Information
7.6.2 Mitsui Chemical Butene Product Portfolio
7.6.3 Mitsui Chemical Butene Production, Value, Price and Gross Margin (2017-2023)
7.6.4 Mitsui Chemical Main Business and Markets Served
7.6.5 Mitsui Chemical Recent Developments/Updates
7.7 Sumitomo Chemical
7.7.1 Sumitomo Chemical Butene Corporation Information
7.7.2 Sumitomo Chemical Butene Product Portfolio
7.7.3 Sumitomo Chemical Butene Production, Value, Price and Gross Margin (2017-2023)
7.7.4 Sumitomo Chemical Main Business and Markets Served
7.7.5 Sumitomo Chemical Recent Developments/Updates
7.8 Tonen Chemical
7.8.1 Tonen Chemical Butene Corporation Information
7.8.2 Tonen Chemical Butene Product Portfolio
7.8.3 Tonen Chemical Butene Production, Value, Price and Gross Margin (2017-2023)
7.8.4 Tonen Chemical Main Business and Markets Served
7.7.5 Tonen Chemical Recent Developments/Updates
7.9 Idemitsu Kosan
7.9.1 Idemitsu Kosan Butene Corporation Information
7.9.2 Idemitsu Kosan Butene Product Portfolio
7.9.3 Idemitsu Kosan Butene Production, Value, Price and Gross Margin (2017-2023)
7.9.4 Idemitsu Kosan Main Business and Markets Served
7.9.5 Idemitsu Kosan Recent Developments/Updates
7.10 Sabic
7.10.1 Sabic Butene Corporation Information
7.10.2 Sabic Butene Product Portfolio
7.10.3 Sabic Butene Production, Value, Price and Gross Margin (2017-2023)
7.10.4 Sabic Main Business and Markets Served
7.10.5 Sabic Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Butene Industry Chain Analysis
8.2 Butene Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Butene Production Mode & Process
8.4 Butene Sales and Marketing
8.4.1 Butene Sales Channels
8.4.2 Butene Distributors
8.5 Butene Customers
9 Butene Market Dynamics
9.1 Butene Industry Trends
9.2 Butene Market Drivers
9.3 Butene Market Challenges
9.4 Butene Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

Evonik
Shell
ExxonMobil
Chevron Phillips Chemical
Praxair
Mitsui Chemical
Sumitomo Chemical
Tonen Chemical
Idemitsu Kosan
Sabic

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