Ethane Market 2019– Premium Insight, Industry Trends, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2023

1
(No Transcript)
2
Ethane Market Research Report Global Forecast
till 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
REQUEST SAMPLE
VIEW REPORTS
3
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 hydrochlorofluorocar
bons (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.
4
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.
5
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
6
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_at_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.
7
(No Transcript)