Butane has a variety of industrial and commercial uses. It can be used as a fuel, refrigerant, solvent, and chemical raw material. When butane is mixed with propane, it becomes liquefied petroleum gas, which is widely used as a fuel for cooking and heating in homes and industries, as well as as a vehicle fuel. In addition, butane is a raw material for the production of butene and other olefins. Butene is an important intermediate in the chemical industry and is widely used in the production of plastics, synthetic rubber, and other chemicals.
The world's major butane producers include Canada, Russia, the United States, Saudi Arabia, China and the United Arab Emirates. According to the publisher's analysis, the United States is the world's largest butane producer and exporter, with a very significant production advantage in the world; followed by Saudi Arabia, which is the world's largest oil exporter. The oil refining process produces a large amount of butane. As a major oil producer, Saudi Arabia has an advanced oil and gas industry and produces and exports butane on a large scale.
Europe and Asia are the world's major butane consumption areas. Among them, Southeast Asia has a rapid growth in demand for butane as its population grows and industrialization continues to advance, becoming an important region for demand growth.
With the rapid development of Vietnam's economy and the acceleration of industrialization, the size of Vietnam's butane market continues to rise. According to the publisher's analysis, butane is widely used in the fields of chemical industry and manufacturing in Vietnam, such as the production of chemicals such as isobutylene and propylene. At the same time, as one of the main components of liquefied petroleum gas (LPG), butane is widely used in household and commercial fields, such as home cooking, heating and some industrial uses.
With the advancement of Vietnam's urbanization process and the improvement of living standards, the demand for liquefied petroleum gas (LPN) in the Vietnamese market is increasing year by year. Vietnam has certain natural gas and oil resources, which are mainly produced by PetroVietnam and its subsidiaries. Vietnam has several oil refineries and natural gas processing plants, which not only produce oil and natural gas, but also butane. However, due to the rapid growth of butane demand in Vietnam, Vietnam's local butane production is not enough to fully meet market demand, so Vietnam's butane market demand still relies heavily on imported products.
According to the publisher's data, Vietnam's total butane imports in 2023 reached US$321 million. The market demand was even stronger in 2024. From January to November 2024, Vietnam's cumulative butane imports were US$480 million. And it is expected to continue to grow in the next few years.
According to the publisher's analysis, the main import sources of butane in Vietnam include the UAE, Saudi Arabia, the United States, Kuwait, Singapore, Qatar and Japan. The UAE is the main import source of butane in Vietnam. The main import sources of butane in Vietnam from 2021 to 2024 are the UAE, Saudi Arabia and the United States. The main companies exporting butane in Vietnam include BGN INT DMCC, WANHUA CHEMICAL (SINGAPORE) PTE LTD, VITOL ASIA PTE LTD, etc. According to the publisher's analysis, the main importers of butane in Vietnam from 2021 to 2024 include CHI NHÁNH TỔNG CÔNG TY KHÍ VIỆT, HYOSUNG VINA CHEMICALS CO LTD, THANG LONG LPG COMPANY LIMITED and other trading and distribution companies.
With the growth of Vietnam's population and the advancement of industrialization, Vietnam's butane market is expected to continue to grow. According to the publisher's analysis, due to the extremely limited local butane production capacity in Vietnam, Vietnam's butane market will still rely on imported products in the next few years, and the main import sources include the United Arab Emirates, Saudi Arabia and the United States. The publisher recommends that butane trading companies should investigate the Vietnamese butane market as soon as possible to prepare for a better layout in the Vietnamese and Southeast Asian markets.
Topics covered:
- The Import and Export of Butane in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Butane in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Butane in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Butane in Vietnam (January-November 2024)
- Average Import Price of Butane in Vietnam (2021-2024)
- Top 10 Sources of Butane Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of Butane in Vietnam and Their Supply Volume
- Top 10 Importers of Butane in Vietnam and Their Import Volume
- How to Find Distributors and End Users of Butane in Vietnam
- How Foreign Enterprises Enter the Butane Market of Vietnam
- Forecast for the Import of Butane in Vietnam (2025-2034)
Table of Contents
Companies Mentioned
- Bgn Int Dmcc
- Wanhua Chemical (Singapore) Pte Ltd.
- Vitol Asia Pte Ltd.
- Chi Nhánh Tổng Công Ty Khí Việt
- Hyosung Vina Chemicals Co Ltd.
- Thang Long Lpg Company Limited
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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