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U.S. Olefins Market analysis and growth drivers by 2023

The U.S Olefins Market is segmented by type, feedstock, product and end user. The market consists of ethylene and propylene products. Among these, ethylene market is anticipated to rise at a CAGR of 4.3% between 2018 and 2023. Among the different feedstock used for the production of olefins, ethane accounted for 21.55 MMTPA in 2017 and is expected to rise at a CAGR of 5.6% during 2018-2023.

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U.S. Olefins Market analysis and growth drivers by 2023

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  1. Olefins Market Trends and Outlook 2018 - 2023 The US Olefins Market is expected to reach $ 36244.37 million by 2023 at a CAGR of 6.6%.

  2. Analysis of the US Ethylene Market The US Ethylene Market is expected to reach 40.60 MMTA at a CAGR of 4.3% by 2023. The cost of production of ethylene from ethane is very low. The production of ethylene is increasing as inexpensive gas, natural gas, liquids feedstock from shale gas is attracting companies to build their plants in the US. By 2020, 70% of the demand for ethylene is expected to be met from ethane. The increasing demand for polyethylene and ethylene glycol can be attributed to the demand from the industries such as anti-freeze, polyester fibres, packaging, construction, and consumer products. Contact: sales@industryarc.com

  3. Selected Market Share Analysis done in the full report: The US propylene Market will reach 20.95 MMTA at a CAGR of 4.5% by 2023. Propylene is an important feedstock for polypropylene, acrylonitrile, propylene oxide and other derivatives. The demand for propylene was high previously due to its versatility and rational pricing. It is expected to grow more as polypropylene is used in packaging, automotive components, stationary, furniture, reusable containers, etc. Propylene is now needed for on purpose production such as propane dehydrogenation. Contact: sales@industryarc.com

  4. US Olefins Market is segmented as below The end user industries such as packaging, automotive, stationary, and furniture will drive the demand for the US Olefins Market. A. US Olefins Market By Trade Analysis 1. Ethylene 1.1. Export 1.2. Import 1.3. Net Exports 2. Propylene 2.1. Export 2.2. Import 2.3. Net Exports B. US Olefins Market by Geography (covers 10+ countries) C. US Olefins Market Entropy Contact: sales@industryarc.com

  5. Key players of Olefins Market Exxon Mobil, Chevron, and Shell are the key players in the US Olefins Market. Exxon Mobil is a multinational oil and gas corporation in America. It has maximized the sale of downstream and chemicals segment. Chevron manufactures products such as fuels, lubricants, additives, and petrochemicals. Shell is a British Dutch company which is involved in exploration, production, refining, marketing, distribution, etc. It is also involved in biofuels, wind, and hydrogen. Download Sample Report Contact: sales@industryarc.com

  6. You Can Customize the Report as Per Your Need. We have included Some Customization Options Key Contacts Analyst Briefing Company Profile Data Tables Contact: sales@industryarc.com

  7. About IndustryARC • IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. • IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact: sales@industryarc.com

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