Europe Butane Market Insights Forecasts to 2033

• The Market is Growing at a CAGR of 3.8% from 2023 to 2033
• The Europe Butane Market Size is Expected to Hold a Significant Share by 2033

The Europe Butane Market Size is Anticipated to Hold a Significant Share by 2033, Growing at a CAGR of 3.8% from 2023 to 2033.

Market Overview

N-butane, which is commonly referred to as butane, serves as a widely utilized organic compound for blending gasoline and as an organic solvent. It is naturally present in petroleum and can be found in the form of natural gas. The extraction of petroleum initiates a process in which the various fractions and products within the petroleum are separated into pure compounds, with butane being one of these compounds. Butane is a liquefied petroleum gas (LPG) used in Europe for various applications, including residential and non-residential heating and cooking. It is also used as a fuel in different sectors and as a feedstock in chemical crackers. Iso-butane serves as an aerosol propellant in cosmetics and pharmaceuticals, as well as a gas propellant in vegetable oil pan sprays and water-based emulsion sprays. The US is a major supplier of butane to Europe, accounting for around 25% of European imports. Additionally, the demand for liquid petroleum gas (LPG) is increasing in Europe for cooking and heating in residential and commercial settings. Countries such as Germany, Russia, and the UK are ramping up their production of LPG.

Report Coverage

This research report categorizes the market for the Europe butane market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe butane market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe butane market.

Driving Factors

The butane market in Europe is influenced by several factors. Butane produces fewer carbon emissions than coal when used for energy generation. The pharmaceutical and cosmetics industries are also driving up the demand for iso-butane as an aerosol propellant. Furthermore, there is an increasing demand for normal butane from LPG manufacturers and residential and non-residential establishments for heating and cooking purposes. Additionally, the demand for butane gas cartridges is growing for various uses, including portable energy storage systems, pest control equipment, and medical applications.

Restraining Factors

Groundwater contamination caused by methyl tert-butyl ether is hindering market growth. The growing popularity of ethanol as an alternative to gasoline may have the effect of reducing demand for butane. The butane market needs to comply with strict regulatory standards to ensure the safety of people. This is because butane can be harmful if inhaled, and there are numerous safety concerns associated with its use.

Market Segmentation

The Europe butane market share is classified into type and application.

• The n-butane segment is expected to hold the largest market share through the forecast period.

The Europe butane market is segmented by type into thrombin based isobutane and n-butane. Among these, the n-butane segment is expected to hold the largest market share through the forecast period. The straight chain form of N-butane is combined with benzene to enhance its volatility. Naphtha, a by-product of crude oil refining, can be obtained from gas processing plants near natural gas or crude oil reservoirs. Isobutane is primarily used as an alkylating agent and is commonly employed in the production of high-octane fuels.

• The liquefied petroleum gas LPG segment is expected to dominate the Europe butane market during the forecast period.

Based on the application, the Europe butane market is divided into liquefied petroleum gas LPG, petrochemicals, refinery, and others. Among these, the liquefied petroleum gas LPG segment is expected to dominate the Europe butane market during the forecast period. Butane is commonly used as a feedstock for producing LPG. The widespread adoption of LPG as a domestic and automotive fuel could significantly boost expenditure growth. The automotive industry is a major user of LPG. The environmental benefits of using LPG in automobiles are substantial, as it is a much more efficient replacement for fossil fuels.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe butane market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BP PLC ADR
• ConocoPhillips
• Devon Energy Corp
• Linde PLC
• Valero Energy Corp
• Shell PLC
• TotalEnergies SE
• Chevron Corp
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In August 2024, Spanish oil and gas company Compañía Española de Petróleos, S.A. (Cepsa) is selling its liquefied gas subsidiary Gasib to Abastible S.A., a subsidiary of the Chilean Empresas Copec group.

Market Segment

This study forecasts revenue at Europe, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Europe Butane Market based on the below-mentioned segments:

Europe Butane Market, By Type

• Isobutane
• N-butane

Europe Butane Market, By Application

• Liquefied Petroleum Gas LPG
• Petrochemicals
• Refinery
• Others