Market Overview:
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. 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.
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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.
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).
Regional Analysis
The global Ethane Market 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.
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