Market Research Future: Ethane Industry, Share, Size, Overview, Trends & Growth Report, 2021-2028
Overview:
The global ethane industry
has been segmented by application, end-use industry, and region.
Based on
application, the global Ethane Industry has been segmented into
ethylene synthesis, acetic acid synthesis, refrigerant, and others. Among them,
the ethylene synthesis segment held the largest market share in 2018 due to the
widespread use of ethylene across various end-use industries. The segment is
also projected to grow at a fastest CAGR during the forecast period.
Based on end-use
industry, the global ethane market has been segmented into packaging,
automotive & transportation, building & construction, electricals &
electronics, healthcare, power, and others. The packaging segment is dominating
the global ethane market based on end-use industry in 2018 due to the
large-scale consumption of polyethylene, PVC, polyester, and polystyrene
manufactured from ethane in the packaging industry. Apart from this, power
industry segment is expected to grow at an encouraging CAGR during the forecast
period due to the favorable performance characteristics of ethane over LNG.
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Regional
Analysis
The global ethane industry
has been studied with respect to five regions, namely, Asia-Pacific, North
America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific held the largest market share in 2018 and is expected to grow at a
fastest CAGR during the forecast period. North America accounted for the second
largest market share in 2018, which is further trailed by Europe. The Middle
East & Africa market and Latin America markets are expected to show
increasing growth during the forecast period.
Competitive
Analysis
Some of the key
players operating 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).
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