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Butane Market Size, Share and Forecast 2026-2036

The global butane market is worth USD 48.3 bn in 2026 and is forecast to reach USD 61.8 bn by 2036, growing at a 2.5% CAGR. China is the largest country market and Petrochemical feedstock is the largest by use segment.

USD 48.3 bnMarket size 2026
USD 61.8 bnForecast 2036
2.5%CAGR 2026-2036
ChinaLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global butane market is worth USD 48.3 bn in 2026 and is forecast to reach USD 61.8 bn by 2036, growing at a 2.5% CAGR. China is the largest country market and Petrochemical feedstock is the largest by use segment.

ScopeButane in pure and iso-butane form sold as lighter and cooking fuel, gasoline blending component, aerosol propellant and petrochemical feedstock, valued at delivered prices paid by buyers.
IndustryOil and Gas
Value 2025USD 47.6 bn
Value 2026USD 48.3 bn
Value 2036USD 61.8 bn
CAGR 2026-20362.5%
Volume 202685.4 million tonnes
Volume 203699.0 million tonnes
Average price 2026USD 566 per tonne
Report priceStarts from USD 1,999
PublishedNovember 2026

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Butane market size and forecast, 2026-2036

Exhibit 1The global butane market is forecast to grow from USD 48.3 bn in 2026 to USD 61.8 bn by 2036, a rise of 28%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 2.5%
Butane market value, 2025 to 2036Market value by year. 2025: USD 47.6 bn; 2026: USD 48.3 bn; 2027: USD 49.5 bn; 2028: USD 50.8 bn; 2029: USD 52.0 bn; 2030: USD 53.3 bn; 2031: USD 54.7 bn; 2032: USD 56.0 bn; 2033: USD 57.4 bn; 2034: USD 58.9 bn; 2035: USD 60.3 bn; 2036: USD 61.8 bn. Compound annual growth rate 2026 to 2036: 2.5%.202548.3 bn202654.7 bn203161.8 bn20362.5% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 48.3 bn
2027USD 49.5 bn
2028USD 50.8 bn
2029USD 52.0 bn
2030USD 53.3 bn
2031USD 54.7 bn
2032USD 56.0 bn
2033USD 57.4 bn
2034USD 58.9 bn
2035USD 60.3 bn
2036USD 61.8 bn

Butane market segmentation

By use

Exhibit 2Petrochemical feedstock is the largest segment by use, with 34.0% of 2026 revenueEstimated share of 2026 global revenue, by use
Butane market share by use, 2026Share of 2026 revenue by use. Petrochemical feedstock: 34.0%; Gasoline blending: 26.0%; Cooking and heating: 22.0%; Other: 10.0%; Aerosols and refrigerants: 8.0%.Petrochemical feedstock34.0%Gasoline blending26.0%Cooking and heating22.0%Other10.0%Aerosols and refrigerants8.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Gasoline blending26.0%23.7%USD 12.6 bn1.6%
Petrochemical feedstock34.0%37.7%USD 16.4 bn3.5%
Cooking and heating22.0%21.1%USD 10.6 bn2.0%
Aerosols and refrigerants8.0%8.0%USD 3.9 bn2.5%
Other10.0%9.6%USD 4.8 bn2.0%

By grade

Exhibit 3Iso-butane adds the most revenue by grade, growing from USD 15.5 bn in 2026 to USD 21.7 bn by 2036Estimated revenue in USD by grade, 2026 and 2036 forecast
Butane market by grade, 2026 and 2036Revenue by grade in 2026 and 2036. Normal butane: USD 28.0 bn in 2026, USD 34.0 bn in 2036, change +21%; Iso-butane: USD 15.5 bn in 2026, USD 21.7 bn in 2036, change +40%; Butane blends: USD 4.8 bn in 2026, USD 6.2 bn in 2036, change +27%.20262036 forecastChangeNormal butane+21%28.0 bn34.0 bnIso-butane+40%15.5 bn21.7 bnButane blends+27%4.8 bn6.2 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Normal butane58.0%55.0%USD 28.0 bn1.9%
Iso-butane32.0%35.1%USD 15.5 bn3.5%
Butane blends10.0%10.0%USD 4.8 bn2.5%

By source

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Gas processing plants50.0%52.0%USD 24.2 bn2.9%
Refineries38.0%35.9%USD 18.4 bn1.9%
Fractionation of NGL streams12.0%12.1%USD 5.8 bn2.6%

By delivery form

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Bulk tanker and pipeline64.0%61.0%USD 30.9 bn2.0%
Bottled cylinders26.0%27.0%USD 12.6 bn2.9%
Cartridges and canisters10.0%12.0%USD 4.8 bn4.4%

By sales channel

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Direct industrial contracts42.0%41.0%USD 20.3 bn2.2%
Distributors38.0%38.0%USD 18.4 bn2.5%
Retail and online20.0%21.0%USD 9.7 bn3.0%

Top 25 countries for butane by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 70.0% of 2026 revenue and the 25 countries below together hold 89.8%.

Exhibit 4China is the largest country market at USD 9.7 bn in 2026, and the three largest countries hold 44.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Butane market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 9.7 bn, 20.0%; United States: USD 7.7 bn, 16.0%; India: USD 3.9 bn, 8.0%; Japan: USD 2.4 bn, 5.0%; South Korea: USD 2.2 bn, 4.5%; Saudi Arabia: USD 1.9 bn, 4.0%; Brazil: USD 1.7 bn, 3.5%; Iran: USD 1.7 bn, 3.5%; Mexico: USD 1.4 bn, 3.0%; Indonesia: USD 1.2 bn, 2.5%.China9.7 bn 20.0%United States7.7 bn 16.0%India3.9 bn 8.0%Japan2.4 bn 5.0%South Korea2.2 bn 4.5%Saudi Arabia1.9 bn 4.0%Brazil1.7 bn 3.5%Iran1.7 bn 3.5%Mexico1.4 bn 3.0%Indonesia1.2 bn 2.5%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 9.7 bn20.0%USD 13.5 bn3.4%
2United StatesUSD 7.7 bn16.0%USD 9.3 bn1.9%
3IndiaUSD 3.9 bn8.0%USD 5.9 bn4.4%
4JapanUSD 2.4 bn5.0%USD 2.5 bn0.5%
5South KoreaUSD 2.2 bn4.5%USD 2.5 bn1.3%
6Saudi ArabiaUSD 1.9 bn4.0%USD 2.5 bn2.5%
7BrazilUSD 1.7 bn3.5%USD 1.9 bn1.3%
8IranUSD 1.7 bn3.5%USD 2.0 bn1.9%
9MexicoUSD 1.4 bn3.0%USD 1.7 bn1.4%
10IndonesiaUSD 1.2 bn2.5%USD 1.6 bn2.9%
11RussiaUSD 1.2 bn2.4%USD 1.3 bn1.2%
12TurkeyUSD 923 mn1.9%USD 1.2 bn2.7%
13ThailandUSD 802 mn1.7%USD 1.0 bn2.7%
14EgyptUSD 725 mn1.5%USD 946 mn2.7%
15PakistanUSD 672 mn1.4%USD 878 mn2.7%
16AlgeriaUSD 628 mn1.3%USD 823 mn2.7%
17ArgentinaUSD 594 mn1.2%USD 779 mn2.8%
18CanadaUSD 570 mn1.2%USD 656 mn1.4%
19NigeriaUSD 546 mn1.1%USD 711 mn2.7%
20United Arab EmiratesUSD 527 mn1.1%USD 686 mn2.7%
21SpainUSD 507 mn1.1%USD 588 mn1.5%
22VietnamUSD 493 mn1.0%USD 643 mn2.7%
23IraqUSD 478 mn1.0%USD 625 mn2.7%
24PhilippinesUSD 469 mn1.0%USD 612 mn2.7%
25KuwaitUSD 454 mn0.9%USD 594 mn2.7%
Rest of worldUSD 4.9 bn10.2%USD 6.2 bn2.4%
Exhibit 5China and India account for 44% of the USD 13.5 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Butane market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 48.3 bn. China: +USD 3.8 bn; India: +USD 2.1 bn; United States: +USD 1.6 bn; Saudi Arabia: +USD 541 mn; Indonesia: +USD 400 mn; 20 other countries: +USD 3.8 bn; Rest of world: +USD 1.3 bn. Market value 2036: USD 61.8 bn.Market value 202648.3 bnChina+3.8 bnIndia+2.1 bnUnited States+1.6 bnSaudi Arabia+541 mnIndonesia+400 mn20 other countries+3.8 bnRest of world+1.3 bnMarket value 203661.8 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • Saudi Aramco
  • Enterprise Products Partners
  • ExxonMobil
  • Shell
  • ADNOC
  • QatarEnergy

Group 2: Regional and specialist players

  • Sinopec
  • Indian Oil Corporation
  • Targa Resources
  • Phillips 66
  • Energy Transfer
  • ONEOK
  • Marathon Petroleum
  • Vitol

Group 3: Emerging and niche players

  • Ferrellgas
  • Suburban Propane
  • Petredec

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the butane market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 2.5% is calculated from the resulting values.

The market is divided by use, by grade, by source, by delivery form, by sales channel. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the butane market?

The global butane market is estimated at USD 47.6 bn in 2025 and USD 48.3 bn in 2026.

How fast will the butane market grow?

It is forecast to reach USD 61.8 bn by 2036, a compound annual growth rate of 2.5% from 2026, an increase of USD 13.5 bn.

Which country is the largest market for butane?

China is the largest market by revenue at USD 9.7 bn in 2026, 20.0% of the global total. The three largest countries together hold 44.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 4.4% a year from 2026 to 2036.

Which butane segment is largest?

In the by use split, Petrochemical feedstock is the largest segment with 34.0% of 2026 revenue.

Who are the leading butane companies?

Global leaders include Saudi Aramco, Enterprise Products Partners, ExxonMobil, Shell.

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