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Follow on Google News | Butane Market Outlook and Forecast up to 2020: Grand View Research, IncNew Market Research Reports Title ” Global Butane Market Analysis Size And Segment Forecasts To 2020” Has Beed Added to GrandViewReseach.com Report Database
By: Grand View Research, Inc LPG emerged as the leading application segment in the global butane market and accounted for 66.1% of total volume in 2013. Increasing LPG adoption on account of subsidies offered by governments particularly in India and China is expected to drive butane demand for LPG. Petrochemical is expected to witness highest growth rate over the forecast period. The segment is expected to grow at an estimated CAGR of 2.9% from 2014 to 2020. Emergence of Middle East as a major petrochemical manufacturing hub is expected to drive butane demand for petrochemical applications. View summary of this report, click the link below: http://www.grandviewresearch.com/ Further key findings from the study suggest: Global butane demand was 209.39 million tons in 2013 and is expected to reach 250.36 million tons by 2020, growing at a CAGR of 2.6% from 2014 to 2020. Residential/ Asia Pacific dominated the global butane market and accounted for 29.9% of total volume in 2013. Asia Pacific is also expected to witness highest growth over the forecast period. Butane demand in the region is expected to grow at a CAGR of 3% from 2014 to 2020. Increasing LPG consumption for cooking & lighting in emerging markets of China and India is anticipated to drive the regional market over the next several years. MENA (Middle East & North Africa) is also expected to show significant growth rate over the forecast period owing to expansion of operating refineries and petrochemical complexes in Saudi Arabia, UAE and Qatar. Browse All Market Research Reports @ http://www.grandviewresearch.com End
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