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Globe and Mail
10-07-2025
- Business
- Globe and Mail
Butane Market to Reach USD 251.96 Million tons by 2030, Driven by Growing LPG Demand and Petrochemical Applications
Mordor Intelligence has published a new report on the Butane Market offering a comprehensive analysis of trends, growth drivers, and future projections. Introduction According to a 2025 report on the butane market by Mordor Intelligence, the market size is estimated at USD 204.82 Million tons in 2025 and is expected to reach USD 251.96 Million tons by 2030, growing at a CAGR of 4.23% during the forecast period. The butane market play a crucial role in the global energy and petrochemical sectors. Butane is widely used as a component of liquefied petroleum gas (LPG) for cooking and heating, as well as a feedstock in the petrochemical industry to produce products like butadiene and isooctane. Key Trends in the Butane Market Rising Demand for LPG in Emerging Economies The demand for butane as a major component of liquefied petroleum gas (LPG) is growing rapidly, especially in developing countries. Governments in Asia-Pacific and Africa are promoting LPG usage for cooking and heating to reduce reliance on traditional biomass, which is driving consistent consumption. Increased Use in Petrochemical Feedstocks Butane is increasingly used as a feedstock in petrochemical production, particularly for producing butadiene, ethylene, and maleic anhydride. The expansion of global petrochemical capacities, driven by strong demand for plastics and synthetic rubber, is supporting this trend. Seasonal Fluctuations in Demand Patterns Demand for butane varies seasonally due to its blending with propane to adjust LPG volatility for different climates. This winter and summer adjustment process ensures reliable fuel supply and creates predictable consumption peaks. Infrastructure Development for Storage and Transportation Significant investments are being made in expanding butane storage, terminal, and transportation infrastructure. This includes pipelines and shipping facilities in Asia-Pacific and the Middle East, enhancing trade efficiency and market access. Market Segmentation By Type N-Butane N-Butane is widely used in the petrochemical industry as a feedstock for producing butadiene and other derivatives. It is also blended into motor gasoline to improve fuel volatility, particularly in colder climates. Isobutane Isobutane is primarily used in the production of isooctane through alkylation, which is essential for manufacturing high-octane gasoline. It is also used as a refrigerant (R-600a) and in aerosol propellants due to its low toxicity and effective thermodynamic properties. By Source Natural Gas A significant portion of butane is obtained during natural gas processing. As natural gas is extracted, butane is separated along with other natural gas liquids, providing a clean and efficient source for industrial and domestic applications. Refining Butane is also produced as a byproduct during crude oil refining processes. It is recovered during the distillation and catalytic cracking operations in refineries and is then utilized in applications such as LPG blending and gasoline production. By End-user Industry Residential/Commercial In this segment, butane is primarily used as a component of liquefied petroleum gas (LPG) for cooking, heating, and fuel purposes. Its clean-burning properties and cost-effectiveness make it a preferred energy source in households and commercial establishments worldwide. Industrial (Including Chemical Feedstock) The industrial segment utilizes butane extensively as a feedstock in petrochemical processes to produce chemicals such as butadiene and ethylene. It is also used in refineries for gasoline blending and in other industrial operations where its flammability and volatility are beneficial for production processes. By Geography Asia-Pacific Dominates global butane demand due to extensive LPG usage in countries like India, China, and Southeast Asia, supported by rising urbanisation and industrial growth. North America Significant consumption driven by refinery operations, petrochemical feedstock requirements, and LPG applications. Europe Maintains steady demand, with butane utilized in LPG blending and petrochemical manufacturing across multiple industries. Major Players Exxon Mobil Corporation A top-tier global energy company with integrated refinery, petrochemical, and natural gas liquids (NGLs) operations. Exxon Mobil plays a key role in gasoline blending and petrochemical feedstock production China Petrochemical Corporation (Sinopec) A Chinese state-owned giant with significant refining capacity. Sinopec extracts butane as part of its crude processing and supplies it regionally and internationally. Shell PLC With diversified energy assets, Shell recovers butane from both refining and NGL streams and uses it across LPG, gasoline blending, and petrochemicals. Conclusion The butane market is positioned for steady growth in the coming years, supported by rising demand for LPG in residential and commercial sectors and its vital role as a petrochemical feedstock. With consumption driven by emerging economies in Asia-Pacific and consistent refinery operations in North America and Europe, market players are focusing on strengthening their supply chains, ensuring safety compliance, and expanding storage and transportation infrastructure Industry Related Reports Maleic Anhydride Market : The Maleic Anhydride Market is segmented by product type (including unsaturated polyester resin, 1,4-butanediol, lubricant additives, and others), raw material (n-butane and benzene), physical form (solid such as flake or Prill, and molten), end-user industry (construction, automobile, food and beverage, and others), and geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). US Industrial Gas Market: The US Industrial Gas Market is segmented by product type (including nitrogen, oxygen, carbon dioxide, hydrogen, helium, argon, ammonia, methane, propane, butane, and other product types) and by end-user industry (such as oil and gas, energy and power, petrochemical and chemical manufacturing, medical and pharmaceutical, food and beverage, metal manufacturing and fabrication, transportation, and others). Russia Oil and Gas EPC Market: The Russian Oil and Gas EPC Market is segmented by sector into upstream, midstream, and downstream. Market size and forecasts for each of these segments are presented in terms of revenue (USD billion). About Mordor Intelligence: Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics. For any inquiries or to access the full report, please contact:media@
Russia Today
02-07-2025
- Business
- Russia Today
‘India is committed to BRICS'
BRICS is a crucial platform for fostering cooperation and collaboration in the Global South and is exploring ways to promote the interests of emerging economies, Indian Prime Minister Narendra Modi said on Wednesday. Modi's comments come ahead of the BRICS Summit, which will be held in Rio de Janeiro on July 6-7. 'As a founding member, India is committed to BRICS as a vital platform for cooperation among emerging economies,' Modi said. 'Together, we strive for a more peaceful, equitable, just, democratic and balanced multipolar world order.' BRICS was initially established, primarily as an economic group, in 2006 by Brazil, Russia, India, and China, with South Africa joining in 2010. In 2024, the bloc extended full membership to Iran, Egypt, Ethiopia, and the United Arab Emirates. Indonesia became a full member in 2025. Over 30 nations have applied to join the influential organization. Modi left Delhi on Wednesday for a five-nation visit to Ghana, Trinidad and Tobago, Argentina, Brazil, and Namibia. 'I am confident that my visits to the five countries will reinforce our bonds [and] friendship across the Global South, strengthen our partnerships on both sides of the Atlantic, and deepen engagements in the multilateral platforms such as BRICS, the African Union, ECOWAS and the CARICOM,' Modi said. In June, Indian Foreign Minister S. Jaishankar told news agency AFP that 'strong sentiments' in the Global South regarding the perceived unfairness of the present international order have fueled a desire for change. In addition to being a founding member of BRICS, New Delhi is also continuing to engage Western countries in what has been called a policy of 'strategic autonomy.' The South Asian nation is a member of the Quad, a diplomatic group that includes Australia, Japan, and the United States, along with India. Jaishankar is presently in Washington for a meeting of its foreign ministers.
Yahoo
24-06-2025
- Business
- Yahoo
Acrylic and Polycarbonate Sheets Market worth $14.49 billion by 2029 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., June 24, 2025 /PRNewswire/ -- The report "Acrylic and Polycarbonate Sheets Market by Material (Polycarbonate, Acrylic), Type (Solid, Multiwall, Corrugated, Cast, Extruded), Application (Building & Construction, Automotive, Medical, Packaging, Electronics), and Region - Global Forecast to 2029", acrylic and polycarbonate sheets market is projected to reach USD 14.49 billion by 2029 from USD 10.74 billion in 2024, registering a CAGR of 6.2% during the forecast period. Browse in-depth TOC on "Acrylic and Polycarbonate Sheets Market" 649 – Tables 58 – Figures 441 – Pages Download PDF Brochure: The market for acrylic and polycarbonate sheets is primarily driven by escalating demand across key industries, including oil & gas, automotive, chemical processing, and construction. In these industries, the requirement for corrosion-resistant and durable materials is critical. Additionally, the high focus on infrastructure development, particularly in emerging economies, significantly contributes to market growth. Strict adherence to safety regulations, robust quality standards, and a commitment to environmental sustainability further fuel the demand for high-performance piping solutions. Moreover, advancements in technology enhance both production efficiency and product quality. The shift toward alternative energy sources and the increasing adoption of advanced pipeline systems for electricity generation and water desalination are also pivotal in fostering industry growth. Request Sample Pages: "Solid polycarbonate sheets to be fastest-growing type segment in acrylic and polycarbonate sheets market" Solid polycarbonate sheets is projected to be the fastest-growing segment in this market. These sheets offer a unique combination of exceptional strength, versatility, and lightweight characteristics. They are highly regarded in applications demanding durability and safety, as they are approximately 250 times stronger than glass. Key application areas for solid polycarbonate sheets include construction, automotive, and packaging, utilized in skylights, greenhouses, roofing, cladding, architectural glazing, automotive glazing, headlamps, and protective coatings. Recent advancements in the production process, particularly in extrusion techniques, have significantly improved their weatherability, durability, and resistance to fire and scratches. These enhancements render solid polycarbonate sheets increasingly attractive to end-user segments, including medical, automotive, construction, packaging, and electronics. Consequently, these combined advantages position solid polycarbonate sheets as the fastest-growing sub-segment within the industry. Request Customization: Key players Key companies in the acrylic and polycarbonate sheets market include EXOLON GROUP (Germany), UVPLASTIC Material Technology Co., Ltd. (China), TEIJIN LIMITED (Japan), MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan), Palram Industries Ltd. (Israel), Trinseo (US), AGC Inc. (Japan), Arlaplast (Sweden), Plaskolite (US), and 3A Composites GmbH (Germany). Get access to the latest updates on Acrylic and Polycarbonate Sheets Companies and Acrylic and Polycarbonate Sheets Market Size Browse Adjacent Market: Advanced Materials Market Research Reports & Consulting Related Reports: Methanol Market - Global Forecast to 2030 Polycarbonate Sheets Market Cast Acrylic Sheet Market About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
14-06-2025
- Business
- CNA
Vietnam admitted as BRICS 'partner country', Brazil says
SAO PAULO: Vietnam has been formally admitted as a "partner country" of the BRICS group of major emerging economies, Brazil's government said on Friday (Jun 13), as the bloc presses ahead with an expansion push. Vietnam is the tenth nation to receive this status, which allows invited countries to participate in BRICS summits and other discussion sessions. Vietnam had expressed earlier this year it was ready to discuss a partnership with BRICS, whose original members were Brazil, Russia, India and China. "The government of Brazil welcomes the decision of the Vietnamese government," said the South American country, which holds the bloc's presidency in 2025. "Vietnam stands out as a relevant actor in Asia. Its efforts in favor of South-South cooperation and sustainable development reinforce its convergence with the interests of the group," it added. Founded in 2009 and soon expanded to add South Africa, the group has recently also included Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates, making it a growing diplomatic counterweight to traditional Western powers.
