Butene Market Technology, Future Trends, Opportunities, Growth Factors, Demand, and Trends

Butene Market
 Butene Market: Introduction

Transparency Market Research delivers key insights on the global butene market. In terms of revenue, the global butene market is estimated to expand at a CAGR of 3.7% during the forecast period, owing to numerous factors regarding which T
MR offers thorough insights and forecast in its report on the global butene market.

The global butene market is broadly affected by several factors, including increase in usage of butene in the automotive industry. Rise in demand for butene in the packaging industry is also propelling the global butene market.

Get a Sample Copy of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=83635 

Butene Market: Dynamics

The demand for butane has been increasing in various industries such as automotive, industrial, pharmaceuticals, and packaging. Butene is significantly used for the packaging of automotive, electrical spare parts, food & beverages, etc.

Butene is used as an intermediate in the manufacture of plasticizers, antioxidants, corrosion inhibitors, and herbicides. It is also used as an additive in hydraulic and lubricating oils. It is also used in oilfield drilling applications, as it has low volatility, low odor, and aids in anaerobic biodegradation in marine environment. These factors are expected to drive the demand for butane in the near future.

The growth in usage of HDPE in ballistic plates, bottles caps, boats, chemical resistant piping, and containers due to the low manufacturing cost is creating lucrative opportunities for the butene market.

Butene is primarily used as comonomer for HDPE, wherein it improves the tear strength of the polymer. The demand for HDPE is rising in packaging and construction industries due to its characteristics such as low manufacturing cost, high strength-to-density ratio, and high temperature ratio. The physical properties of HDPE vary depending on the molding process that is used to manufacture it. It is highly resistant to various types of solvents and is used in many applications such as pipes, ropes, disposable suits, chairs, and toys.

The increase in demand for lightweight packaging in industries such as automotive, aerospace, and pharmaceutical is fuelling the demand for HDPE. This, in turn, is augmenting the demand for butene.

Butene Market: Prominent Regions

Based on region, the global butene market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the global butene market in 2020. The region is expected to maintain its dominance during the forecast period. The dominance of Asia Pacific can be ascribed to an increase in usage of butene in the industrial and packaging sectors of emerging economies, including China and India, in the region.

Take Enquiry before buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=83635 

The butene market in Europe is anticipated to expand at a significant pace during the forecast period. Larger size of end-use industries in Germany and France is likely to augment the market in the region during the forecast period. The expansion of the automotive industry in Europe is also projected to drive the butene market in the region over the next few years.

Butene Market: Key Players

The global butene market is fragmented with the presence of a large number of players. Key players operating in the global butene market are BASF SE, Evonik Industries AG, Shell Chemical Company, Sumitomo Chemical Co., Ltd., Global Bioenergies SA, TPC Group, LyondellBasell Industries Holdings B.V., Exxon Mobil Corporation, Linde plc., Mitsui & Co., Ltd, and Vinati Organics Limited.

Global Butene Market: Segmentation

Butene Market, by Type

  • 1-Butene
  • 2-Butene
  • Isobutene

Butene Market, by Application

  • Fuel Additives
    • Alkylates
    • Methyl Tert-butyl Ether (MTBE)
    • Ethyl Tert-butyl Ether (ETBE)
  • Polybutylene (Butyl Rubber)
  • LLDPE
  • HDPE
  • Polymethylacrylate
  • Others (Methacrolein and Food Additive)

Butene Market, by End-use Industry

  • Automotive
  • Aerospace
  • Industrial
  • Pharmaceutical
  • Packaging
  • Others (including Oil Refinery)

Growth Opportunities amid Coronavirus Pandemic

Manufacturers operating in the butene market have benefited in coronavirus pandemic due to the increasing demand for PPE kits from consumers at a global level. Rising sales of disposable protective clothes, PPE kits, and applications in pharmaceutical packaging witnessed tremendous opportunities in the butene market. Increasing application in medical and pharmaceutical industry boosts the small- and medium-sized companies to compete with top market players to increase their sales.

Contact For Customized Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=83635 

Polyethylene is cost-efficient, but non-biodegradable material. Due to its economic benefits, this is the first choice of various manufacturers across the globe. Market players are exploring opportunities to overcome challenges in the butene market. There are stringent rules and regulations regarding quality of plastic material used for pharmaceutical packaging. Ongoing research and development in the biodegradability of plastic material is helping manufacturers to improve their product quality.

Relevant Reports Publish by TMR

Nanocoatings Market: https://www.globenewswire.com/news-release/2022/06/15/2463404/0/en/Growth-of-Nanocoatings-Market-estimated-at-a-CAGR-of-20-8-from-2022-to-2031-TMR-Report.html

Superabsorbent Polymer Market: https://www.globenewswire.com/news-release/2022/06/22/2467417/0/en/Superabsorbent-Polymer-Market-to-Reach-US-16-3-Bn-by-2031-TMR-Study.html

Bio-based Phenol Market: https://www.prnewswire.com/news-releases/bio-based-phenol-market-is-predicted-to-expand-at-a-cagr-of-5-5-during-the-forecast-period-notes-tmr-study-301573316.html

Coil Coatings Market: https://www.prnewswire.com/news-releases/coil-coatings-market-is-projected-to-be-valued-at-over-us-9-4-billion-by-2031–tmr-study-301577616.html

Butyric Acid Derivatives Market: https://www.einpresswire.com/article/576700856/butyric-acid-derivatives-market-is-expected-to-cross-the-value-of-us-1-4-bn-by-the-end-of-2031

U.S. Biochar Market: https://www.einpresswire.com/article/577232244/u-s-biochar-market-trends-and-dynamic-demand-by-2031

Pharmaceutical Packaging Market: https://www.einpresswire.com/article/578086795/pharmaceutical-packaging-market-to-reach-valuation-of-us-148-4-bn-by-2031

Waterproofing Membranes Market: https://www.transparencymarketresearch.com/waterproofing-membrane-market.html

About Us Section:

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

Comments

Post a Comment

Popular posts from this blog

Generator (Up to 20 kVA) Market Technology, Future Trends, Opportunities, Growth Factors, Demand, and Trends

Image
Global Generator (Up to 20 kVA) Market: Key Highlights ·          The global  generator (up to 20 kVA) market  was valued at  ~US$ 2.2 Bn in 2018,  and is anticipated to expand at a CAGR of  5.5%  during the forecast period. ·          Among the fuel types, the diesel segment accounted for a major share of the global generator (up to 20 kVA) market in  2018.  Diesel generators are the primarily employed generators across the globe. ·          Among the power ratings, the 16 kVA - 20 kVA segment held a significant share of the global generator (up to 20 kVA) market in  2018,  due to the high use of 16 kVA – 20 kVA generators and flexibility in fuel usage, ease of installation, and diverse range of applications offered by these generators in commercial and small industrial sectors across the world. ·   ...
Read more

Re-refined Lubricant Market Recent Trends, Growth Analysis Report, Insights, Outlook, Industry Analysis and Forecasts 2031

Image
  Re-refined Lubricant: Introduction Lubricants are imperative for smooth functioning and operation of mechanical devices and equipment. Several lubricants are used in industrial and automotive applications, namely engine oils, transmission oils, gear oils, transformer oils, and turbine oils. These  lubricants , which are 85% base oils and 15% additives, keep friction between contacting surfaces low and improve their lifespan. These lubricants are often collected and processed at the end of their lifespan. Most of the used lubricants, post collection, are used as fuel; however, some of these are cleaned, processed, and fractionated. The re-refining process initiates with the collection of waste lube oils. Solid contaminants and water are removed from the collected lube oils. The mixture is then made ready for further processing. This mixture is distilled to eliminate low hydrocarbons and solvents. Waste lubricating oil consists of toxic wastes in large amounts. Disposal of tox...
Read more

Non-leather Products Market Growth, Analysis, Opportunities and Top Companies and Business Development Forecast

Image
  With rising awareness about animal cruelty and strict regulatory policies issued by the governmental and regulatory authorities, the non-leather products market is expected to witness a highly promising growth. There are several other materials that are used in place of non-leather products such as artificial leather (also called as synthetic or vegan leather) along with other materials. These non-leather materials are mainly promoted to promote animal safety and eliminating animal cruelty. Get a Sample Copy of the Report:  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=61836   Non-leather materials are typically used across several application industries such as upholstery, footwear, clothing, and fabric among others. These materials provide leather like finish and higher sustainability. It is cost efficient that the actual leather product and also suitable for other related tasks. In recent years, the production process has evolved ...
Read more