Global Butanes Market is Expected to Reach USD 282.59 Billion in 2018: Transparency Market Research

Global Butanes Market is Expected to Reach USD 282.59 Billion in 2018: Transparency Market Research PR Newswire ALBANY, New York, January 2, 2013 ALBANY, New York, January 2, 2013 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Butanes Market - Global Industry Size, Market Share, Trends, Analysis and Forecast, 2010 - 2018", the global market for butanes was estimated to be 201.26 million tons in 2011 and is expected to reach 236.45 million tons by 2018, growing at a CAGR of 2.46% from 2013 to 2018. In terms of revenues, the market was estimated to be worth USD 167.04 billion in 2011 and is expected to reach a market worth USD 282.59 billion by 2018, growing at a CAGR of 8.9% from 2013 to 2018. Browse the full report at h t t p : / / w w w . t r a n s p a r e n c y m a r k e t r e s e a r c h . c o m / b u t a n e - m a r k e t . h t m l The growing demand for LPG from residential and commercial sectors where it is mainly used as a domestic fuel is the major factor driving the market for butanes. Butane use as petrochemical feedstock for producing ethylene and other derivatives is also driving the market demand owing to growing ethylene capacity in the Middle East. However, volatility in crude oil prices and the regulatory issues owing to growing environmental concerns are the major factors inhibiting the market for butanes.