Asia Pacific Butene-1 Market: Rising Consumption of Ldpe and Hdpe Products to Boost Growth Prospects, Says Tmr

Transparency Market

Research

Butene-1 Market - Asia Pacific (China, India, and

ASEAN) Industry Analysis, Size, Share, Growth,

Trends, and Forecast 2016 - 2026

Published Date

17-Oct-2016

67 Page Report

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Asia Pacific Butene-1 Market: Rising Consumption of LDPE

and HDPE Products to Boost Growth Prospects, says TMR

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Butene-1 Market

REPORT DESCRIPTION

Butene-1 Market - Asia Pacific (China, India, and ASEAN) Industry Analysis, Size, Share, Growth,

Trends, and Forecast 2016 - 2026

The Asia Pacific butene-1 market features a largely consolidated competitive landscape, wherein few key

players dominate and hold a significant share in the market, observes Transparency Market Research in a

recent report. Rise in demand for Butene-1 in the Asia Pacific region has forced key players to increase their

production capacities. Availability of raw materials and growth in end-user industries have encouraged several

key players to focus on joint ventures in China and ASEAN. Some of the market’s most influential players are

Petrochemical Corporation of Singapore (Private) Limited, China Petrochemical Corporation, China National

Petroleum Corporation, PetroChina Company Limited, and ONGC Petro additions Limited.

The market is estimated to exhibit a 4.1% CAGR from 2016 through 2026, rising from a valuation of US$508.6

mn in 2015 to US$787.8 mn by 2026. Of the key applications of butene-1, the segment of polyethylene comonomers account for over 65% of the overall market. In terms of geography, China held a nearly 64% share

in the market and is expected to continue dominance over the forecast period as well. Presence of a large

supplier base and vast production facilities have made the China butene-1 market oversupplied.

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