Download
1 / 7
70 likes | 73 Vues
Ethane Market Analysis:<br>Ethane Market is prognosticated to expand favorably at a striking 6.14% CAGR over the predicted years (2016-2023). Ethane is an odorless and colorless gaseous hydrocarbon that falls under the paraffin series. It is flammable, has the molecular formula C2H6 and comprises of two carbon atoms. Ethane has a wide range of application. It is used in ethylene production for making plastics, detergents, anti-freeze, as a ripening agent for foods, as a refrigerant and a substance to produce welding gas especially as a key ingredient in mustard gas. <br>Get Free Sample Request @ https://www.marketresearchfuture.com/sample_request/7372<br>
E N D
Ethane Market Research Report – Global Forecast till 2023 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2023 REQUEST SAMPLE VIEW REPORTS PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Ethane Market - 2023 Ethane Market Information: By Application (Ethylene Synthesis, Acetic Acid Synthesis, Refrigerant), End-Use Industry (Packaging, Automotive & Transportation, Construction, Electricals & Electronics, Healthcare, Power), and Region — Global Forecast Till 2023 Market Synopsis The global ethane market was valued at USD 608 million in 2018 and is expected to grow at a CAGR of 6.14% during the forecast period. Ethane belongs to the family of paraffins. It contains two carbons atoms and have molecular formula C2H6. It is a flammable, colorless, and odorless gas at standard temperature and pressure. It is produced majorly from natural gas on an industrial scale, where it is isolated from other natural gas fractions such as methane and propane using different cryogenic distillation techniques. It is also produced to some extent as a by-product of petroleum refining. Ethane is available in different purity grades to meet the requirement of diverse industries The chief use of ethane is in the industrial production of ethylene by steam cracking. Ethylene, itself, is then used for manufacturing polyethylene, which is used for manufacturing food packaging (sandwich bags, cling wraps, squeeze bottles), non-food packaging (liners for tanks & ponds, shrink & stretch film, moisture barrier in construction), automotive parts, and other household products. Ethylene is also used for ethylene glycol, PVC, polyester, polystyrene, ethanol, vinyl acetate monomer, and others. Ethane is also used to produce acetic acid, which itself is used as a chemical intermediate to form chemicals such as vinyl acetate monomer, acetic anhydride, terephthalic acid, ester, and other chemical solvents. Ethane is used as a refrigerant in cryogenic refrigeration systems. It also finds application as a calibration gas mixture to check and calibrate the laboratory instruments. Growing polyethylene demand across various industrial verticals are largely driving the global ethane market. Increasing use of ethanol as a biofuel is also contributing significantly to the growth of the product market. Shale gas boom in the US is supporting the growth of the global ethane market positively, since the production of ethane is now possible at a very competitive cost compared to the days when primarily naphtha is used. Furthermore, the growing demand for ethane as a refrigerant owing to its environmentally friendly characteristics (reduces ozone depletion and global warming) compared with typical refrigerants made of chlorofluorocarbons (CFCs), hydrofluorocarbons (HFCs), or hydrochlorofluorocarbons (HCFCs) is expected to provide growth impetus to the product during the forecast period. The biggest opportunity for ethane market growth is in power generation, where the pricing, higher heat value, and far less emission content of ethane competes favorably with LNG. www.marketresearchfuture.com
Ethane Market - 2023 Market Segmentation The global ethane market has been segmented by application, end-use industry, and region. Based on application, the global ethane market has been segmented into ethylene synthesis, acetic acid synthesis, refrigerant, and others. On the basis of end-use industry, the global ethane market has been categorized into packaging, automotive & transportation, building & construction, electricals & electronics, healthcare, power, and others. Regional Analysis The global ethane market has been analyzed with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific was the largest and fastest growing market for ethane in 2018 and is expected to continue dominating during the forecast period. the region accounted the share of 38% by value in 2018. Rapid industrialization in the region due to lucrative investment policies, low production cost and inexpensive labors are largely supporting the growth of ethane market in the region. Additionally, growing end-use industries such as packaging, automotive & transportation, building & construction, electricals & electronics, healthcare, power are attributing high demand for ethane. North America was the second largest market for ethane in 2018. Growing ethylene manufacturing facilities to meet the domestic demand as well as for export purpose is driving the market growth in the region. Europe was following North America in terms of market size in 2018. Developed automotive & transportation industry is ensuring the stable revenue source for the ethylene and its derivatives, which is thus fueling the growth of the ethane market. Furthermore, the electricals & electronics are also supporting largely to the market growth. www.marketresearchfuture.com
Ethane Market - 2023 Key Players Some of the prominent players in the global ethane market are Royal Dutch Shell PLC (the Netherlands), Merck KGaA (Germany), Air Liquide (France), Praxair Technology Inc. (US), Reliance Industries Limited (India), The Williams Companies Inc. (US), DCP Midstream LLC (US), Energy Transfer Partners LP (US), American Ethane (US), Enterprise Products Partners LP (US), Devon Energy Corporation (US), Targa Resources Corp. (US), Aux Sable (US), Boardwalk Louisiana Midstream, LLC (US), and Enbridge Inc. (Canada). Intended Audience Ethane manufacturers Traders and distributors of ethane Research and development institutes Potential investors Raw material suppliers Nationalized laboratories www.marketresearchfuture.com
ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future. www.marketresearchfuture.com
MARKET RESEARCH FUTURE THANK YOU salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK) www.marketresearchfuture.com
