The global ethane market is expected to reach USD 1.00 Billion by 2027, according to a new report by Reports and Data. The growth of the market is attributed to the growing demand for ethane amongst end-use application. Ethane finds application in the synthesis of ethylene, which has a wide range of usage. On a commercial scale, ethylene is used post-harvest to ripen bananas, tomatoes, pears, and a few other fruits. Ethylene is used for the production of polyethylene, which is deployed in making food packaging and non-food packaging products, as well as in manufacturing automotive parts and several other household products. The growing use of ethane in acetic is boosting the market demand. Acetic acid is used in the production of polyvinyl acetate for wood glue, soft drink bottles, fabrics, and synthetic fibers, as well as a variety of household, food, and other applications that are essential to everyday life. The major trend in the market is the rising capital expenditure for enhancing the production of the acid.
The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Ethane market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Ethane business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.
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Geographical Segmentation:
The report is a prototype of the Ethane market and focuses on the market’s major regional segments. The market has been categorized into several key geographical segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. In this section of the report, the anticipated market share, market size, revenue contribution, sales network, distribution channels, and numerous other aspects of each region have been evaluated.
Competitive Terrain:
The global Ethane market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Ethane market are listed below:
Merck KGaA, Royal Dutch Shell PLC, Reliance Industries Ltd., Praxair Technology Inc., Air Liquide, The Williams Companies Inc., Energy Transfer Partners Inc., American Ethane, Devon Energy Corporation, and Enbridge Inc., among others
Production Method Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
Natural Gas Separation, Refinery by-product
Application Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
Ethylene Synthesis, Acetic Acid Synthesis, Refrigerant, Others
Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
Online, Offline
End-User Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
Packaging, Automotive & Transportation, Construction, Electrical & Electronics, Healthcare, Others
Key Points of the Report:
- Market Overview: This section of the report offers actionable insights into the global Ethane market, encompassing the historical and future timelines, key dynamics, latest market trends, growth trajectories, and the future market scope. It highlights the principal market segments, including the main product types, application gamut, end-user industries, and regional spectrum.
- Executive Summary:In this section of the report, a comprehensive assessment of the competitive landscape of the market, regional mapping, CAGR, and various crucial parameters like key market drivers, restraints, trends, challenges, and growth prospects.
- COVID-19 Impact Analysis: The report closely analyzes the impact of the COVID-19 pandemic on numerous aspects of the Ethane industry, such as production capacity, consumption rate, import-export status, demand & supply ratio, and the estimated revenue generation of each regional segment.
- Competitive Landscape: This segment of the report systematically profiles the leading companies functioning in the Ethane industry. Moreover, the report emphasizes the global market value & volume, product portfolios, production capacity, and other vital aspects of these companies.
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