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A report titled “Butane Market" added by Research Trades offers an in-depth analysis of the Butane market. 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.Browse Butane Market report with 41 Exhibits, Top 10 Companies Profile, Spread across 83 pages available @ http://www.reportsnreports.com/reports/1235173-global-butane-market-2017-2021.html
Commenting on the Butane Market report, an analyst says one trend in the market is increasing number of strategic alliances. In January 2017, Butagaz and Global Bioenergies announced the signing of an exclusive partnership for France to incorporate bio-isobutene into butane and propane. Butagaz is a leading French brand and a subsidiary of the Irish DCC Group. It is one of the leading distributors in the French propane and butane markets.
According to the Butane Market report, one driver in the 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. To reduce pollution, many governments encourage the use of cleaner and environment-friendly alternative fuels such as LPG. LPG is cleaner than petrol and diesel as it contains comparatively simple hydrocarbon compounds. In addition, LPG does not contain lead or any other additives and has very little sulfur content. The emissions from LPG-driven vehicles contain lower levels of hydrocarbon compounds, nitrogen oxides, air toxics, sulfur oxides, and particulates than that of petrol and diesel based vehicles.
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The analysts forecast global butane market to grow at a CAGR of 7.60% during the period 2017-2021. 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.
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Table of Contents
PART 01: Executive Summary
PART 02: Scope of the Report
PART 03: Research Methodology
PART 04: Introduction
Market Outline
PART 05: Market Landscape
Market Overview
Market Size and Forecast
Five Forces Analysis
PART 06: Market Segmentation by Application
PART 07: Regional Landscape
PART 08: Decision Framework
PART 09: Drivers and Challenges
Market Drivers
Market Challenges
PART 10: Market Trends
Increasing Number of Strategic Alliances
Recent Developments in South African Lpg Market
PART 11: Vendor Landscape
Competitive Scenario
Major Market Vendors
Other Prominent Vendors
PART 12: Vendor Analysis
PART 13: Appendix
List of Abbreviations
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