The global demand for Ethane Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Mn Barrels in 2021 and forecast to touch XX Mn Barrels by 2028 with a CAGR of XX% during 2022-2028.
Ethane is structurally the simplest hydrocarbon that comprises a single carbon-carbon bond. The second most significant natural gas constituent, and it can be dissolved in petroleum oils and as a by-product of oil refinery operations and of the carbonization of coal. The gas dissolves poorly in water but well in alcohol (ethanol). On an industrial scale, ethane is extracted from natural gas and coal liquefaction and is a by-product of the processing of crude oil. Ethane is mainly utilized to prepare ethylene which is a feedstock to produce plastics. Also, ethylene is used by the petrochemical industry to produce a range of intermediate products, most of which are converted into plastics.
Market Dynamics
The increasing use of ethanol as a biofuels shale gas boom in the parts of the US is the major factor driving the ethane market. The growing usage of ethane in acetic acid production leads to high market demand from several industries. The growing demand for ethane as a refrigerant going to how environmentally friendly characteristics and have when compared with any typical refrigerant, is positively impacting the market growth. Moreover, the increasing adoption of ethane in power generation that has less pricing and higher heat value is likely to create growth opportunities for key players in the ethane market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of ethane. The growth and trends of Ethane Industry provide a holistic approach to this study.
Market Segmentation
This section of the ethane market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Production
- Natural Gas Separation
- Refinery By-Product
By Application
- Ethylene Synthesis
- Acetic Acid Synthesis
- Refrigerant
- Others
By Distribution Channel
By End-User
- Packaging
- Automotive & Transportation
- Construction
- Electrical & Electronics
- Healthcare
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Ethane market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Ethane Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the ethane market include Royal Dutch Shell PLC, Air Liquide, Reliance Industries Limited, DCP Midstream LLC, American Ethane, Devon Energy Corporation, Enterprise Products Partners LP, Praxair Technology Inc., Merck KGaA, Energy Transfer Partners LP.. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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