Butane Market Demand Analysis in 2020 , Global Revenue, Top Companies Growth Forecast to 2027
The market in Europe is expected to hold the largest share in the global market during the forecast period owing to the supply of natural gas in the region. The high consumption of butane in Russia because of low prices coupled with the availability of fossil fuels will boost the growth of the market in Europe in the forthcoming years. The ongoing gas pipeline project between Germany and Russia will contribute positively to the market. Turkey consumes large quantities of butanes as engine fuel due to increased efficiency and low prices. Turkey accounts for a high share in the global market. The market in North America is expected to expand radically during the forecast period owing to the increased production of shale gas. The favourable government policies will contribute significantly to the growth of the market in the region. The Middle East & Africa are expected to rise tremendously owing to the growing consumption of LPG in the region.