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Global 1-Butene Market is Projected to Reach USD 4.21 Billion by 2021, at a CAGR of 7.1% From 2016

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The global 1-Butene market is projected to reach USD 4.21 billion by 2021, at a CAGR of 7.1% from 2016 to 2021. This growth is mainly attributed to the increased demand of 1-Butene in several end-use industries, such as plastics packaging, pipe & tanks, and construction. The LLDPE application of 1-Butene is also anticipated to witness high growth during the forecast period.


The report covers the 1-Butene market across major regions, North America, Europe, Asia-Pacific, and rest of the world. It also analyzes the global 1-Butene market and its trends, with respect to the applications of 1-Butene.

 

One of the most significant factors driving the growth of the global 1-Butene market is the rise in demand of 1-Butene from various applications, such as LLDPE, Valeraldehyde, and HDPE. In addition to this, the growing demand of LLDPE and HDPE in agriculture, automotive, packaging, and other peripheral industries is anticipated to propel the growth of the global 1-Butene market. Moreover, increased production capacities of key players operating in the global 1-Butene market have also contributed towards market growth.

 

Among all regions, Asia-Pacific accounted for the largest share of the global 1-Butene market in 2015, followed by North America. Growth in the construction sector and expansion of the food & beverages industry are factors driving the demand of 1-Butene among major end-use applications in the Asia-Pacific region.  

 

 

 

 

There is a stiff competition among key players operating in the global 1-Butene market. Several players in the market are providing 1-Butene to OEMs for various applications. The key players in this market include SABIC (Saudi Arabia), LyondellBasell (Netherlands), Lorestan Petrochemical Co., (Iran), Jam Petrochemical Company (Iran), Evonik (Germany), Bangkok Synthetics Co., Ltd. (Thailand), Daelim (South Korea), and TPC Group (U.S.), among others. These key players are mainly focused on undertaking various strategic initiatives, such as new product launches, expansions, and merger & acquisitions to sustain their position in global 1-Butene market.

 

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