Global Ethane Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Ethane Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Ethane is a naturally occurring organic chemical compound with chemical formula C₂H₆. At standard temperature and pressure, ethane is a colorless, odorless gas. Like many hydrocarbons, ethane is isolated on an industrial scale from natural gas and as a petrochemical by-product of petroleum refining.

Market Overview:

The latest research study on the global Ethane market finds that the global Ethane market reached a value of USD 604.77 million in 2023. It’s expected that the market will achieve USD 39665.82 million by 2029, exhibiting a CAGR of 100.82% during the forecast period.

Downstream demand continues to grow

A major key element for the growth of the ethane market is rise in the production rate of ethylene owing to its wide range of end uses in various end use industries. For instance, according to an article published by the University of South Carolina in September 2021, ethylene is an essential building block component for the manufacturing of resins and plastics. Approximately 200 million tons of ethylene is produced annually, and its global production has exceeded as compared to any other organic compound. Ethane is mainly used to produce ethylene, which in turn is used by the petrochemical industry for the manufacturing of various intermediate products, such as plastics, natural gas, power generation application, and others. Furthermore, the consumption of ethane has increased in the U.S. owing to its increase in supply and low prices of raw materials. These factors are expected to act as one of the key drivers responsible for the growth of the ethane market.

Region Overview:

In 2022, the share of the Ethane market in United States stood at 43.15%.

Company Overview:

American Ethane Company, LLC is one of the major players operating in the Ethane market, holding a share of 8.47% in 2023.

Segmentation Overview:

Among different product types, Below 95% segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Chemical Processing segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Ethane market covered in Chapter 3:

DCP Midstream LLC
The Williams Companies Inc
Enterprise Products Partners LP
Air Liquide
Merck KGaA
Royal Dutch Shell PLC
Aux Sable
Energy Transfer Partners LP
Targa Resources Corp
Enbridge Inc
Praxair Technology Inc
Reliance Industries Limited
Boardwalk Louisiana Midstream, LLC
Devon Energy Corporation
American Ethane

In Chapter 4 and Chapter 14.2, on the basis of types, the Ethane market from 2019 to 2030 is primarily split into:

Above 99%
Below 99%

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ethane market from 2019 to 2030 covers:

Ethylene Synthesis
Acetic Acid Synthesis
Refrigerant
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)