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The global ethane market was worth USD 12.11 billion in 2022, and it is expected to expand at a CAGR of 5% from USD 13.28024678 billion in 2023 to USD 17.8309939 billion by 2030.
The rising need for ethylene and its derivatives, which have several applications in fields as diverse as building supplies, automotive components, and consumer goods packaging. Ethane prices are heavily influenced by natural gas prices and the supply and demand dynamics of the petrochemical industry. Ethane production and exports have increased as a result of rising shale gas output, especially in the United States. Since ethylene has so many applications, its rising production rates have helped drive the expansion of the ethane market. For instance, a study done and published in September 2021 by the University of South Carolina found that ethylene is a necessary building block element for the manufacturing of resins and polymers.
Researchers from the New Jersey Department of Health and the New Jersey State Executive Services found that if large amounts of ethane gas were released into the atmosphere, oxygen levels would drop. Since then, it is expected that regulations and one-off requirements for ethane gas production will slow the yearly compound growth rate (CAGR) of the ethane industry. ethane and other natural gas liquids are becoming increasingly important as a fuel source in the chemical industry. Growing concern for the environment may lead to a rise in the demand for bioplastics and other renewable alternatives to petrochemical-based products.
Analysis of the Ethane Market in the World by Segment
The global ethane market is broken down into submarkets defined by production, use, distribution, consumers, and geography. The global natural gas separation market is split into two subsegments: refinery by-products and natural gas. Ethylene synthesis, acetic acid synthesis, refrigerant, and other applications make up the application-based submarkets of the market. The market is broken down into two distinct types: online and offline. Packaging, automotive & transportation, construction, electrical & electronics, healthcare, and others make up the End-User subsegment of the market. North America, Europe, Asia-Pacific, South America, and the Middle East and Africa make up the regional subsets of the global Ethane Market.
Market Segmentation of the Ethane Industry
In 2021, the market was driven primarily by the ethylene synthesis application segment. According to the Royal Society of Chemistry, global ethylene production reached 149.7 million tons in 2021. This factor is forecasted to boost demand, which in turn will aid the sector's growth in ethylene synthesis's use throughout the forecast time. Metals' efficiency has also been improved by the expanding food, construction, and manufacturing industries in both developed and developing nations. The metalworking industry relies heavily on ethylene. Ethylene-containing oxy-fuel gas is also utilized in high-velocity thermal spraying, welding, and metal cutting. One of the primary factors driving the ethylene synthesis market is the expanding metal production sector.
Analysis of the End-User Market for Ethane
Many items used in the food safety business rely on ethylene, which is produced from ethane. To prevent contamination of food during transportation and shelf life, ethylene is utilized in packaging. It's also used for things like milk containers, supermarket bags, and foil. Due to its ideal chemical and physical qualities, ethane makes for an excellent transportation fuel. Although its energy density is slightly higher than that of LNG, it avoids the problem of energy loss due to evaporation that plagues cryogenic LNG systems. If ethane were used instead of natural gas, it would help remove obstacles to the widespread adoption of gas automobiles in the United States.
Influential Patterns in the Market
Given ethylene's versatility, it stands to reason that a rise in ethylene output would have a salutary effect on the expansion of the ethane market. For instance, ethylene is a necessary component in the production of resins and plastics, as demonstrated by a study released in September 2021 by the University of South Carolina. Ethylene has the highest annual manufacturing rate of any organic compound, at roughly 200 million tons. One of the most common applications for ethane is in the production of ethylene, which finds further usage in the petrochemical industry in the form of plastics, natural gas, and fuel for power generation, among other things. Growing production and inexpensive inputs have led to a rise in domestic consumption of ethane in the United States. These parts are expected to play a significant role in propelling the industry forward. According to a report by the New Jersey Department of Health and Senior Services, the large-scale release of ethane gas will result in a decrease in atmospheric oxygen. Since then, it is expected that the introduction of standards and requirements for the manufacturing of ethane gas will slow the CAGR of the ethane market over the forecast period.
Report Coverage
Global Ethane research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Ethane report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Ethane competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Ethane market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Ethane market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Ethane market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Royal Dutch Shell, ExxonMobil Corporation, BP plc, Chevron Corporation, Total SE, SABIC, LyondellBasell Industries Holdings B.V., EQUATE Petrochemical Company, China National Petroleum Corporation (CNPC), Dow Chemical Company, Sasol Limited, INEOS Group Holdings S.A., Saudi Aramco, PTT Global Chemical Public Company Limited, Occidental Petroleum Corporation, Eni SpA, Qatar Petroleum, Abu Dhabi National Oil Company (ADNOC), Formosa Petrochemical Corporation, Reliance Industries Limited
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Ethane market based on the below-mentioned segments:
Global Ethane Market, By Production
Natural Gas Separation
Refinery By-Product
Global Ethane market, By Application
Ethylene Synthesis
Acetic Acid Synthesis
Refrigerant
Others
Global Ethane Market, By End User
Packaging
Automotive & Transportation
Construction
Electrical & Electronics
Healthcare
Others
Global Ethane market, Regional Analysis
The rising need for ethylene and its derivatives, which have several applications in fields as diverse as building supplies, automotive components, and consumer goods packaging. Ethane prices are heavily influenced by natural gas prices and the supply and demand dynamics of the petrochemical industry. Ethane production and exports have increased as a result of rising shale gas output, especially in the United States. Since ethylene has so many applications, its rising production rates have helped drive the expansion of the ethane market. For instance, a study done and published in September 2021 by the University of South Carolina found that ethylene is a necessary building block element for the manufacturing of resins and polymers.
Researchers from the New Jersey Department of Health and the New Jersey State Executive Services found that if large amounts of ethane gas were released into the atmosphere, oxygen levels would drop. Since then, it is expected that regulations and one-off requirements for ethane gas production will slow the yearly compound growth rate (CAGR) of the ethane industry. ethane and other natural gas liquids are becoming increasingly important as a fuel source in the chemical industry. Growing concern for the environment may lead to a rise in the demand for bioplastics and other renewable alternatives to petrochemical-based products.
Analysis of the Ethane Market in the World by Segment
The global ethane market is broken down into submarkets defined by production, use, distribution, consumers, and geography. The global natural gas separation market is split into two subsegments: refinery by-products and natural gas. Ethylene synthesis, acetic acid synthesis, refrigerant, and other applications make up the application-based submarkets of the market. The market is broken down into two distinct types: online and offline. Packaging, automotive & transportation, construction, electrical & electronics, healthcare, and others make up the End-User subsegment of the market. North America, Europe, Asia-Pacific, South America, and the Middle East and Africa make up the regional subsets of the global Ethane Market.
Market Segmentation of the Ethane Industry
In 2021, the market was driven primarily by the ethylene synthesis application segment. According to the Royal Society of Chemistry, global ethylene production reached 149.7 million tons in 2021. This factor is forecasted to boost demand, which in turn will aid the sector's growth in ethylene synthesis's use throughout the forecast time. Metals' efficiency has also been improved by the expanding food, construction, and manufacturing industries in both developed and developing nations. The metalworking industry relies heavily on ethylene. Ethylene-containing oxy-fuel gas is also utilized in high-velocity thermal spraying, welding, and metal cutting. One of the primary factors driving the ethylene synthesis market is the expanding metal production sector.
Analysis of the End-User Market for Ethane
Many items used in the food safety business rely on ethylene, which is produced from ethane. To prevent contamination of food during transportation and shelf life, ethylene is utilized in packaging. It's also used for things like milk containers, supermarket bags, and foil. Due to its ideal chemical and physical qualities, ethane makes for an excellent transportation fuel. Although its energy density is slightly higher than that of LNG, it avoids the problem of energy loss due to evaporation that plagues cryogenic LNG systems. If ethane were used instead of natural gas, it would help remove obstacles to the widespread adoption of gas automobiles in the United States.
Influential Patterns in the Market
Given ethylene's versatility, it stands to reason that a rise in ethylene output would have a salutary effect on the expansion of the ethane market. For instance, ethylene is a necessary component in the production of resins and plastics, as demonstrated by a study released in September 2021 by the University of South Carolina. Ethylene has the highest annual manufacturing rate of any organic compound, at roughly 200 million tons. One of the most common applications for ethane is in the production of ethylene, which finds further usage in the petrochemical industry in the form of plastics, natural gas, and fuel for power generation, among other things. Growing production and inexpensive inputs have led to a rise in domestic consumption of ethane in the United States. These parts are expected to play a significant role in propelling the industry forward. According to a report by the New Jersey Department of Health and Senior Services, the large-scale release of ethane gas will result in a decrease in atmospheric oxygen. Since then, it is expected that the introduction of standards and requirements for the manufacturing of ethane gas will slow the CAGR of the ethane market over the forecast period.
Report Coverage
Global Ethane research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Ethane report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Ethane competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Ethane market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Royal Dutch Shell, ExxonMobil Corporation, BP plc, Chevron Corporation, Total SE, SABIC, LyondellBasell Industries Holdings B.V., EQUATE Petrochemical Company, China National Petroleum Corporation (CNPC), Dow Chemical Company, Sasol Limited, INEOS Group Holdings S.A., Saudi Aramco, PTT Global Chemical Public Company Limited, Occidental Petroleum Corporation, Eni SpA, Qatar Petroleum, Abu Dhabi National Oil Company (ADNOC), Formosa Petrochemical Corporation, Reliance Industries Limited |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Ethane Market from 2021 to 2030.
- Market Forecast for Ethane Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Ethane competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Ethane
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Ethane market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Ethane market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Royal Dutch Shell, ExxonMobil Corporation, BP plc, Chevron Corporation, Total SE, SABIC, LyondellBasell Industries Holdings B.V., EQUATE Petrochemical Company, China National Petroleum Corporation (CNPC), Dow Chemical Company, Sasol Limited, INEOS Group Holdings S.A., Saudi Aramco, PTT Global Chemical Public Company Limited, Occidental Petroleum Corporation, Eni SpA, Qatar Petroleum, Abu Dhabi National Oil Company (ADNOC), Formosa Petrochemical Corporation, Reliance Industries Limited
Primary Target Market
- Market Players of Ethane
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Ethane market based on the below-mentioned segments:
Global Ethane Market, By Production
Natural Gas Separation
Refinery By-Product
Global Ethane market, By Application
Ethylene Synthesis
Acetic Acid Synthesis
Refrigerant
Others
Global Ethane Market, By End User
Packaging
Automotive & Transportation
Construction
Electrical & Electronics
Healthcare
Others
Global Ethane market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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