Ethane Market: By Application Type (Ethylene Synthesis, Acetic Acid Synthesis, Refrigerant, Others), By End User (Packaging, Automotive, Construction, Agrochemicals, Textile, Others), and Geography    

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Ethane Market size was valued at USD 850.3 million in 2022 and is anticipated to grow at a CAGR of 7.2% over 2023-2029. Ethane is a simple, colorless, odorless, and gaseous hydrocarbon that belongs to the alkane family of organic compounds. Ethane is commonly isolated from natural gas or petrochemicals and chiefly used as feedstock for ethylene production. The ethane market's revenue growth is significantly driven by the rising growth of the petrochemical industry. Ethane serves as a vital feedstock in the production of ethylene, a fundamental building block for a wide range of petrochemical products, including plastics, synthetic rubber, and various chemicals. As the global demand for these petrochemical products continues to surge, driven by various industries such as packaging, automotive, construction, and consumer goods, the need for ethane as a feedstock escalates proportionally. This heightened demand results in increased revenue for ethane suppliers and producers, making it an integral part of the petrochemical supply chain.

Moreover, global industrialization plays a significant role in driving the ethane market. As countries and regions worldwide undergo rapid industrialization and urbanization, there is a substantial increase in the demand for various products derived from petrochemicals, where ethane serves as a key feedstock. Industries such as manufacturing, construction, automotive, and consumer goods heavily rely on plastics, synthetic rubber, and chemicals produced using ethane-derived ethylene. This heightened demand for ethane is especially pronounced in emerging economies where industrial growth is robust. However, stringent government regulations relating to the manufacture and use of ethane are hampering the market growth. Meanwhile, the augmented demand for gas from end-use industries will create new opportunities for the leading manufacturers functioning in the market. Key manufacturers are announcing innovative launches, acquisitions, and strategic collaborations to cater to the rising demand from various end-use industries. For instance, in July 2022, Bayport Polymers LLC, a 50/50 joint venture (JV) between TotalEnergies and Borealis, launched the start-up of commercial operations of a new ethane cracker with an annual production capacity of one million tons of ethylene.

Ethane Market Key Developments:

In September 2021, PetroChina launched $1.2 bln ethane-to-ethylene project in China's far western region of Xinjiang.

In February 2022, Ineos launched the Pacific Ineos Belstaff, its largest ethane carrier that can carry 99,000 m3 of the petrochemical feedstock.

Global Ethane Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.8%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Ethane Market Dynamics

Ethane is predominantly used for ethylene synthesis, acetic acid synthesis, refrigerant, and others. Ethylene synthesis segment is the leader in the global ethane market. The growth in this segment is due to the extensive usage of ethylene through a number of end-use industries. The segment is also expected to grow at a debauched CAGR in the near future. It is predominantly used in the making of ethanol (industrial Alcohol), which is used as an organic solvent or else in the production of numerous chemical intermediates. Ethane derivative vinyl acetate monomer finds a majority of application in barrier resins, paints, adhesives, and paper coatings. Moreover, it supports the maturing of climacteric fruits and dehiscence of dry fruits. Ethylene is used to encourage synthetic ripening of various fruits like apple, mango, banana, etc.

Key Features of the Reports

  • The ethane market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Global Ethane Market Segmentation

By Application Type
  • Ethylene synthesis
  • Acetic acid synthesis
  • Refrigerant
  • Others
By End User Type
  • Packaging
  • Automotive
  • Construction
  • Agrochemicals
  • Textile
  • Others
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

The ethane market size was valued at USD 850.3 million in 2022

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

The ethane market key players 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)

  1. Executive Summary
  2. Global Ethane Market Introduction
    • Global Ethane Market Taxonomy
    • Global Ethane Market Definitions
      • By Application
      • By End User
  3. Global Ethane Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Ethane Market Dynamic Factors - Impact Analysis
    • Global Ethane Market Competition Landscape
  4. Global Ethane Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Ethane Market, By Application Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
    • Ethylene Synthesis
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Acetic Acid Synthesis
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Refrigerant
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Ethane Market, By End User Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
    • Packaging
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Automotive
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Construction
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Agrochemicals
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Textile
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Ethane Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Ethane Market - Opportunity Analysis Index, By Application, End User and Region, 2023 - 2029
  2. North America Ethane Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
    • By Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Ethylene synthesis
      • Acetic acid synthesis
      • Refrigerant
      • Others
    • By End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Packaging
      • Automotive
      • Construction
      • Agrochemicals
      • Textile
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Ethane Market - Opportunity Analysis Index, By Application, End User and Country, 2023 - 2029
    • North America Ethane Market Dynamics Trends
  3. Europe Ethane Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
    • By Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Ethylene synthesis
      • Acetic acid synthesis
      • Refrigerant
      • Others
    • By End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Packaging
      • Automotive
      • Construction
      • Agrochemicals
      • Textile
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Rest of Europe
    • Europe Ethane Market - Opportunity Analysis Index, By Application, End User and Country, 2023 - 2029
    • Europe Ethane Market Dynamics Trends
  4. Asia-Pacific Ethane Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
    • By Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Ethylene synthesis
      • Acetic acid synthesis
      • Refrigerant
      • Others
    • By End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Packaging
      • Automotive
      • Construction
      • Agrochemicals
      • Textile
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Rest of Asia-Pacific
    • Asia-Pacific Ethane Market - Opportunity Analysis Index, By Application, End User and Country, 2023 - 2029
    • Asia-Pacific Ethane Market Dynamics Trends
  5. Latin America Ethane Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
    • By Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Ethylene synthesis
      • Acetic acid synthesis
      • Refrigerant
      • Others
    • By End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Packaging
      • Automotive
      • Construction
      • Agrochemicals
      • Textile
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Chile
      • Rest of Latin America
    • Latin America Ethane Market - Opportunity Analysis Index, By Application, End User and Country, 2023 - 2029
    • Latin America Ethane Market Dynamics Trends
  6. Middle East and Africa Ethane Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 - MT)
    • By Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Ethylene synthesis
      • Acetic acid synthesis
      • Refrigerant
      • Others
    • By End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Packaging
      • Automotive
      • Construction
      • Agrochemicals
      • Textile
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • South Africa
      • Gulf Cooperation Council (GCC) Countries
      • Rest of MEA
    • MEA Ethane Market - Opportunity Analysis Index, By Application, End User and Country, 2023 - 2029
    • MEA Ethane Market Dynamics Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • 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)
      • Enbridge Inc. (Canada),
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • 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)
  • Enbridge Inc. (Canada),

Adjacent Markets