Ethane Market By Type (>99%, <99%) and Applications (Lighting, Welding, Chemical Processing) - Global Industry Analysis & Forecast to 2025
Industry Outlook and Trend Analysis
The Ethane Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. When composed, natural gas and oil must be prepared to expel different polluting agents. Processing of natural gas expels hydrocarbons like butane, ethane, propane and different hydrocarbons, and additionally water and different contaminations from the gas stream. Once isolated, the profitable hydrocarbons go through a refining process and sold for different purposes including fuel and feedstock. It is vital to keep in mind that ethane and different hydrocarbons are not constantly expelled from the gas stream, as it is an exorbitant procedure to isolate the hydrocarbons from methane.
Drivers and Restraints
One of the major growth factors driving the market is that ethane is the biggest part of petroleum gas after methane. The measure of it in gaseous petrol can change from under 1% to over 6% and, for quite a while, the isolation did not take place; it was only scorched alongside the methane. However, it came to be perceived as a critical petrochemical feedstock. For the most part, ethane is utilized for the generation of ethene, otherwise called ethylene, through a steam cracking procedure. The production of Ethylene, around the world, surpasses that of some other natural compound and quite a bit of it goes toward polyethylene, a generally utilized plastic.
Geographically, North America is foreseen to grow tremendously closely trailed by Europe. Moreover, stringent regulations regarding greenhouse gas emissions are anticipated to support the development in developing regions.
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?