16-Jun-16 1-Butene is predominantly used in the production of polyethylene. It is used as a comonomer in a range of polyethylene applications such as flexible and rigid packaging. It is also used in oilfield drilling applications, as it has low volatility, low odor, and aids in anaerobic biodegradation in marine environment. Among all applications, the LLDPE segment led the Global 1-Butene market in 2015, and this segment is anticipated to continue its dominance till 2021. 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, as per Micro Market Monitor. The increased demand of LLDPE from various end-use industries such as packaging, automotive, agriculture, and other-related peripheral industries, is anticipated to drive the global 1-Butene market in the LLDPE application during the forecast period. 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.
The linear low-density polyethylene (LLDPE) segment led the 1-Butene market, due to increasing demand of LLDPE across industries such as packaging, food & beverages, and construction. The global supply-demand scenario, regional trade flow analysis, price analysis of 1-Butene and plant capacity of the leading players are covered in the report. The 1-Butene market has been segmented on the basis of application (LLDPE, HDPE, Valeraldehyde, and others), and by region (North America, Europe, Asia-Pacific, and Rest of the World).
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