Butane Market Players, Major Challenge and Report To 2025
Global Butane Market is anticipated to grow significantly in the forecast period owing to the rise in demand for LPG (liquid petroleum gas) for wide range of applications. Butane is a flammable, colorless gas with petrol like smell. It is increasingly used as fuel additive or a solvent carrier and formulator. For non-fuel uses, butane is used for applications in aerosol coatings & sprays, paint dyes, insulating polyurethane, automotive spray waxes, etc. Butane is extremely easy to use as compared to other fuels. It offers low toxicity and burns cleaner than other fuels; it produces carbon dioxide and is energy efficient. It produces more energy than propane with the same volume used for burning. Butane market is majorly driven by increase in government initiatives to promote the use of LPG as a heating fuel especially in emerging regions of Africa and Asia Pacific due to the growing population. Moreover, the rise of natural gas vehicle is also influencing the butane industry....