Butene-1 Market Analysis and Sze Forecasted for period from 2024 to 2031

The "Butene-1 Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Butene-1 market is expected to grow annually by 4% (CAGR 2024 - 2031).

This entire report is of 148 pages.

Butene-1 Introduction and its Market Analysis

Butene-1 is a linear alpha olefin primarily used in the production of polyethylene, synthetic lubricants, and plasticizers. The global Butene-1 market is driven by increasing demand for polyethylene in various industries such as packaging, automotive, and construction. Companies like Evonik, Sinopec, YEOCHUN NCC, and Reliance Industries are key players in the market, focusing on product innovation and strategic partnerships to gain a competitive edge. The market research report highlights the growing demand for Butene-1, key market trends, and provides recommendations for companies to capitalize on the opportunity for revenue growth.

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The Butene-1 market is experiencing growth due to its various applications in industries such as consumer goods and automotive. Butene-1 is commonly used as a Polyethylene Comonomer, Polybutene-1, Valeraldehyde, 1, 2-butylene Oxide, and N-butyl Mercaptan. Its versatile properties make it ideal for a range of products in these segments. However, regulatory and legal factors specific to market conditions must be considered when entering this market. It is important to comply with regulations regarding production, transportation, and usage of Butene-1 to ensure safety and quality standards are met. Overall, the Butene-1 market offers opportunities for growth and innovation, but careful consideration of regulatory factors is necessary for success in this industry.

Top Featured Companies Dominating the Global Butene-1 Market

The butene-1 market is highly competitive with key players including Evonik, Sinopec, YEOCHUN NCC, and Reliance Industries. These companies are major players in the global butene-1 market, each leveraging their unique strengths and capabilities to drive growth.

Evonik is a leading provider of specialty chemicals and operates in the butene-1 market to manufacture high-quality products for various industries. Sinopec, a Chinese multinational energy and chemical company, also plays a significant role in the butene-1 market with a focus on innovative solutions and sustainable development.

YEOCHUN NCC is another prominent player in the butene-1 market, specializing in the production of polymers and petrochemicals. Reliance Industries, one of India's largest petrochemical companies, is actively involved in the butene-1 market, contributing to its expansion through research and development initiatives.

These companies utilize butene-1 in the production of various products, including plastics, synthetic rubbers, and lubricants, among others. By leveraging butene-1 as a key raw material, these companies are able to develop a wide range of high-performance materials and solutions for diverse end markets.

In terms of sales revenue, Evonik reported sales of approximately € billion in 2020, while Sinopec's revenue reached around 2.41 trillion Chinese Yuan (approximately $372 billion). YEOCHUN NCC and Reliance Industries also reported significant sales revenue in the butene-1 market, contributing to the overall growth and development of the industry.

• Evonik
• Sinopec
• YEOCHUN NCC
• Reliance Industries

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Butene-1 Market Analysis, by Type:

• Polyethylene Comonomer
• Polybutene-1
• Valeraldehyde
• 1, 2-butylene Oxide
• N-butyl Mercaptan

Butene-1 is a versatile chemical compound with various types that serve different purposes. Polyethylene comonomer enhances the properties of polyethylene, while polybutene-1 is used in industries like packaging and automotive. Valeraldehyde is a key intermediate in the production of pharmaceuticals and fragrances. 1,2-butylene oxide is used in the manufacturing of surfactants and polymers. N-butyl mercaptan is employed as an odorant in natural gas. These types of butene-1 play a significant role in boosting the demand for the compound in various industries, leading to a growing market for butene-1.

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Butene-1 Market Analysis, by Application:

• Consumer Goods
• Automotive Industries

Butene-1 is used in consumer goods such as plastic bags, containers, and films due to its high tensile strength and flexibility. In the automotive industry, Butene-1 is utilized in the production of automotive components like bumpers, dashboards, and interior trims for its impact resistance and durability. The fastest growing application segment in terms of revenue is in the automotive industry, as the demand for lighter and stronger materials in vehicle manufacturing continues to rise, driving the use of Butene-1 in various automotive applications. This versatile chemical is crucial in meeting the performance and aesthetic requirements of consumer goods and automotive industries.

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Butene-1 Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Butene-1 market is expected to experience substantial growth in key regions such as North America (NA), Asia-Pacific (APAC), Europe, the United States, and China. Among these, APAC is projected to dominate the market with a market share of around 40%, driven by increasing demand from industries such as automotive, construction, and packaging. Europe and North America are also expected to showcase significant growth, holding approximately 25% and 20% market share respectively. The USA and China are anticipated to contribute to the market growth with around 10% and 5% market share respectively.

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