High Purity N-Butane Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.0 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The High Purity N-Butane market exhibited a notable growth trajectory in 2022, with the market size reaching approximately USD 2.8 billion. The market experienced a Compound Annual Growth Rate (CAGR) of 6.3% during this period. This growth can be attributed to increasing demand across various industries, including petrochemicals and pharmaceuticals, where high purity standards are crucial. The expanding use of high purity N-Butane in gas chromatography and as a solvent in laboratories also contributed to the market expansion. The significant rise in the production and consumption of high purity N-Butane in emerging economies further supported the market's upward trend.
Opportunity analysis indicates robust potential in the High Purity N-Butane market, particularly in regions witnessing rapid industrialization and technological advancements. The market is expected to benefit from advancements in extraction and purification technologies, which could enhance product quality and availability. Additionally, the burgeoning demand for high purity chemicals in the healthcare and research sectors is likely to drive further growth. As industries continue to prioritize stringent purity levels for their processes and products, the High Purity N-Butane market is poised for sustained expansion, presenting significant opportunities for market players and investors alike.
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Air Liquide
Accord Laboratory
Gas Innovations
Tulsa Gas & Gear
Sirloong Chemical
EASCHEM
BVV
High Precision Gas
Linde
Sibur
Chevron Phillips Chemical
TPC Group
Guangrao Huabang Chemical
Ningbo Haiyue New Material
Puyang Zhongwei Fine Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global High Purity N-Butane Market
Solvent
Fuel
Calibration Gas
Refrigeration
Propellent
Others
Based on Types the Market is categorized into Below types that held the largest High Purity N-Butane market share In 2023.
99.5%-99.9%
More than 99.9%
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global High Purity N-Butane Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global High Purity N-Butane Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global High Purity N-Butane Market, By Type
6. Global High Purity N-Butane Market, By Application
7. Global High Purity N-Butane Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global High Purity N-Butane Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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