Butene-1 is a colourless flammable gas that belongs to the alpha olefin family of organic chemicals. Butene-1 is produced in a variety of ways, including from refinery crude streams of C4 hydrocarbons and natural gas, dehydrogenation of butane, and dimerization of ethylene, all of which are stored and transported as compressed liquefied gas.
MARKET DYNAMICS
Due to the expanding need for plastic for numerous purposes around the world, strong demand for polyethylene is projected to continue, and because Butene- 1 is primarily utilized in the production of polyethylene (LLDPE and HDPE), the market for 1-Butene is also projected to stay geared. In compared to polyethylene made from 1-Butene, polyethylene made from other co-monomers such as octane-1 and hexane-1 has better qualities in terms of strength and stress resistance, which could lead to a decrease in market share. However, because Butene-1 has a lower cost, the market is mitigated by a propensity for production with favorable economics.
MARKET SCOPE
The "Global Butene-1 Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the butene-1 market with detailed market segmentation by application. The global butene-1 market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading butene-1 market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global butene-1 market is segmented into application. By application, the butene-1 market is classified into polyethylene comonomer, polybutene-1, valeraldehyde, 1, 2-butylene oxide and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global butene-1 market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The butene-1 market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the butene-1 market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the butene-1 market in these regions.
MARKET PLAYERS
The report covers vital developments in the butene-1 market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the butene-1 market are anticipated to lucrative growth opportunities in the future with the rising demand for butene-1 in the global market. Below mentioned is the list of few companies engaged in the butene-1 market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the butene-1 market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- BASF SE,
- Evonik Industries AG
- LyondellBasel Industries NV
- TPC Group
- Chevron Phillips Chemical Company,
- Songwon Industrial Co., Ltd.
- Sumitomo Chemical Co., Ltd.
- Zibo Qixiang Petrochemical Group Ltd.
- Heilongjiang Anruijia Petrochemical Co., Ltd.
- Shandong Yuhuang Chemical (Group) Co., Ltd.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.