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.
In 2023 to 2033, the demand for High Purity N-Butane is expected to experience significant shifts due to technological advancements and increasing applications. Industries are focusing on energy-efficient, low-emission products, which will further elevate the demand for high purity n-butane in producing clean fuels, biofuels, and hydrogen production. With stricter environmental regulations, there is also an ongoing push for cleaner-burning fuels in the automotive and energy sectors. Furthermore, the rise of electric vehicles and green energy solutions may slightly alter the demand dynamics in these industries, although n-butane remains indispensable in refining processes and chemical manufacturing.
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The High Purity N-Butane market has witnessed notable trends from 2018 to 2022, driven by various applications in the petrochemical, oil & gas, and pharmaceutical sectors. This period saw steady demand, with significant consumption driven by rising industrialization and demand for specialty chemicals. High purity n-butane is essential in the production of butane derivatives such as iso-butane, which is used in the creation of fuel additives and other chemical processes. The market also benefited from innovations in liquefied petroleum gas (LPG) production and the growth of the petrochemical industry. A key factor contributing to this market expansion was the growing demand for clean fuels and the continuous growth of LPG infrastructure, especially in emerging markets.
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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