Global Butene-1 Market Outlook to 2026

Butene-1 is a colorless and flammable alkene with four carbon atoms (C4H8). It's commercially manufactured by separation from crude C4 followed by ethylene dimerization. Butene-1 is generally stored and transported in the form of liquefied gas. It is mostly used in the preparation of different types of polyethylenes which are used in food packaging, toys, containers, pipes, etc. When exposed to high concentrations, it can be carcinogenic and can cause suffocation as well as skin and eye problems.

According to BlueQuark Research & Consulting, the global Butene-1 market is expected to witness a moderate growth rate during the forecast period. The market is likely to grow at a CAGR of around 4%. The main factor driving the market is the high demand for polyethylene due to the numerous applications of plastics in our day-to-day activities. Butene-1 is used for the manufacturing of LDPE and HDPE. There are other polymers available, but the low cost of butene-1 gives the manufacturers an economic advantage. However, polyethylene is non-biodegradable, and it pollutes the environment. In many countries, governments are taking stringent measures to reduce the use of plastics. This may hinder the growth of the market. Research and development are continuously going on to make biodegradable plastics, which can be a threat to the market. Still, its impact may not be evident soon because the feasibility and viability of the products should be considered. The ongoing Covid-19 pandemic has fueled the demand for PPE, which can be an opportunity for the market.

The Asia-Pacific region is likely to dominate the Butene-1 market in the forecast period owing to the increasing demand for polyethylene. The ease of availability of raw materials and low-cost manufacturing is a significant advantage and many industries are setting up their manufacturing bases in India or China.

The global Butene-1 market is partially fragmented. The major players in the global Butene-1 market are Exxon Mobil Corporation, Shell Chemical, SABIC, Mitsui Chemicals, Inc, Sumitomo Chemical, among others.

In November 2020, Axens announced that Arcanum Infrastructure, LLC and Axens NA Inc. successfully began ongoing operations and production of Butene-1 at Raven Butene-1, LLC, which is an asset, based on Axens AlphaButol technology located in Texas, USA.

Global Butene-1 Market report provides deep insight into the current and future state of the Butene-1 market across various regions. The study comprehensively analyzes the Butene-1 market by segmenting based on method of production (Butane dehydrogenation, Ethylene dimerization & Separation of crude C4), application (Butadiene, Maleic anhydride, Polyethylene, Secondary butyl alcohol/methyl ethyl ketone & other applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.