Us Butene Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Butene Market was valued at USD 14.5 Billion in 2022 and is projected to reach USD 22.3 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The U.S. Butene Market: A Comprehensive Analysis
The U.S. butene market is a pivotal segment of the nation's petrochemical industry, encompassing the production, distribution, and consumption of butene compounds. Butenes, primarily 1-butene and 2-butene, are alkenes utilized extensively in the manufacture of polymers, synthetic rubbers, and as intermediates in various chemical processes.
In 2023, the U.S. market for butene-1 was valued at approximately $2.3 billion. This compound is predominantly used as a comonomer in the production of linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE), which are essential materials in packaging, automotive, and consumer goods industries. The demand for these polymers is driven by their superior mechanical properties and versatility across various applications. citeturn0search0
The automotive sector significantly contributes to the butene market, as butene derivatives are integral in producing synthetic rubbers used in tire manufacturing. The expansion of the automotive industry, particularly in emerging economies, is expected to substantially increase the demand for tires, thereby driving the need for butene in the coming years. citeturn0search5
The packaging industry also plays a crucial role in the butene market. The increasing demand for lightweight and durable materials, especially from the automotive industry, is fuelling the demand for HDPE. This, in turn, is augmenting the demand for butene. citeturn0search8
However, the market faces challenges such as fluctuations in crude oil prices, which can impact production costs and create variability in the market for butene-based products. Additionally, stringent environmental regulations in developed regions, including the U.S., are influencing the production and application of butene derivatives. citeturn0search7
In summary, the U.S. butene market is poised for growth, driven by its essential role in the production of polymers and synthetic rubbers. While opportunities abound, stakeholders must navigate challenges related to raw material costs and regulatory landscapes to capitalize on the market's potential.
Get an In-Depth Research Analysis of the Global Butene Market Size And Forecast [2025-2032]
Evonik
Shell
ExxonMobil
Chevron Phillips Chemical
Praxair
Mitsui Chemical
Sumitomo Chemical
Tonen Chemical
Idemitsu Kosan
Sabic
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 Butene Market
1-Butene
2-Butene
Isobutylene
Polymer Production
Fuel Additives
Detergents
Plastics
Automotive
Construction
Packaging
Consumer Goods
Liquid Butene
Gas Butene
High Purity (≥ 99%)
Medium Purity (≥ 90% to < 99%)
Low Purity (< 90%)
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 Butene 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 Butene Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Butene Market, By Type
6. Global Butene Market, By Application
7. Global Butene Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Butene Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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