(PRWEB) July 27, 2014
1-Butene is a colorless, combustible gas with a characteristic odor. It has good solvent properties. 1–Butene can be manufactured either through the separation from crude C4 refinery streams or from the reaction of ethylene. Linear alpha olefin (alkene) 1-Butene is a versatile chemical that can be used to manufacture a number of important chemicals such as linear light density polyethylene (LLDP), polybutene-1, valeraldehyde, 1,2-butylene oxide, and so on.
The 1-Butene market is extremely competitive. The market has several market participants with a few market leaders globally. The C4 alpha olefin (1-butene) market was valued at $1,416 million in 2013, and is expected to reach $1,832 million by 2018. The C4 alpha olefin (1-butene) market in North America was valued at $614 million in 2013.
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There are various applications of 1-Butene that ranges from polyethylene (LLDPE, HPDE), synthetic lubricants, detergent intermediates, oilfield chemicals, paper industry, and additives. 1-Butene manufacturers cater to a wide variety of customers’ demands, where LLDPE and HDPE captured around half of the market share in the total applications share.
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North America is one of the important regions in terms of production and consumption of 1-Butene. The region captures the maximum share for 1-Butene demand, globally. Therefore, North America is emerging as a major producer of 1-Butene and is subsequently expected to become a major exporter of 1-Butene. The C4 alpha olefin (1-butene) market in North America was valued at $614 million in 2013, and is expected to reach $794 million by 2018. In this region, capacity expansion is the most popular growth strategy adopted by the leading companies in the 1-Butene market with a share of 60% from 2010 to 2013. The top players in the 1-Butene market are keen on the capacity expansion strategy for better penetration and expansion of their business.
Browse through the market data tables, figures and detailed ToC on the “North America 1-butene Market”.
Europe 1-butene Market
The European region is the most active region, in terms of strategic initiatives, from 2010 to 2013, that accounted for a share of 22% of the total developments, followed by Europe. The C4 alpha olefin (1-butene) market was valued at $256 million in 2013, and is expected to reach $283 million by 2018. The region experienced a surge in strategic activities in 2013, owing to an increase in the demand for 1-Butene. New product development was the second major strategy opted by most of the companies in the 1-Butene market that accounted for 13% of the share in the total developments. A majority of the market participants favored new product developments to increase their market penetration and customer base.
Asia-Pacific 1-butene Market
Globally, the Asia-Pacific 1-Butene market ranks third, in terms of demand. The C4 alpha olefin (1-butene) market in this region was valued at $230 million in 2013, and is expected to reach $326 million by 2018. The key countries in the Asia-Pacific market include China, India, Japan, and South Korea. China and India have shown a promising demand for 1-Butene and the growing trend is expected to persist in the coming years. The Asia-Pacific region accounted for a market share of 14.6% of the global market for 1-Butene, in 2013.
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