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Ethane Market Analysis, Size, Growth rate, Demand and Forecasts to 2027

Growing use of ethane as refrigerant is one of the significant factors influencing the market growth.<br><br>

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Ethane Market Analysis, Size, Growth rate, Demand and Forecasts to 2027

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  1. Ethane Market To Reach USD 1.00 Billion By 2027 www.reportsanddata.com sales@reportsanddata.com

  2. Market Summary Growing use of ethane as refrigerant is one of the significant factors influencing the market growth. Market Size – USD 640.8 million in 2019, Market Growth - CAGR of 5.8%, Market Trends – Growth of the food & beverage industry

  3. Our Approach Market Summary 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. Key participants include 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. To Request for a PDF Sample, Click Here @ https://www.reportsanddata.com/sample-enquiry-form/2863

  4. Our Approach Market Summary For the purpose of this report, Reports and Data have segmented the global ethane market on the basis of production method, application, distribution channel, end-user, and region: 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 Click here to Get customization & check available discount for the report @ https://www.reportsanddata.com/discount-enquiry-form/2863

  5. Our Approach Market Summary End-User Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027) Packaging Automotive & Transportation Construction Electrical & Electronics Healthcare Others Regional Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027) North America Europe Asia Pacific Latin America MEA Others

  6. Our Approach Market Summary Further key findings from the report suggest By the production method, natural gas separation contributed to a substantial market share in the year 2019. By application, Acetic acid synthesis contributed to the second largest market share in 2019 and is expected to grow at a rate of 5.6% in the forecast period. Acetic acid is used to produce Vinyl Acetate Monomers (VAM), which is, in turn, is used to manufacture various resins and polymers for adhesives, films, paints, coatings, textiles, and other end-user products. By distribution channel, the online distribution channel is projected to grow at a faster rate of 8.0% in the period 2020-2027, as this mode of distribution has the advantage of providing a broader exposure to the product produced by the manufacturers, especially with the proliferation of smart devices and internet connectivity. By end-user, the packaging industry dominated the market in 2018 and is likely to grow at a significant rate in the period 2020-2027. The market in the Asia Pacific region contributed to the largest market share in 2019 and is estimated to have a growth rate of 6.6% in the forecast period. The market dominance of the APAC region is owing to the growth of the end-user industries, as well as rapid industrialization and urbanization in the region. Read More @ https://www.reportsanddata.com/report-detail/ethane-market

  7. Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com Our Approach About Us

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