Chemicals
US Olefins Market is Expected to Reach $36244.37 Million by 2023 at a CAGR of 6.6%
According to the new market research report by IndustryARC titled “U.S. Olefins Market: By Class(Ethylene, Propylene)Ethylene Type (Polyethylene, Ethylene glycol, Vinyls, Styrene, Others) Propylene Type(Polypropylene, Cumene, Acrylonitrile, Others) Ethylene By Feedstock; Propylene By Process; By Geography 2018-2023 ”, the market is driven by the growth of the end users such as packaging, automotive components, stationary, furniture, reusable containers, etc.
Analysis of the US Ethylene Market
The US Ethylene Market is expected to reach 40.60 MMTA at a CAGR of 4.3% by 2023. The cost of production of ethylene from ethane is very low. The production of ethylene is increasing as inexpensive gas, natural gas, liquids feedstock from shale gas is attracting companies to build their plants in the US. By 2020, 70% of the demand for ethylene is expected to be met from ethane. The increasing demand for polyethylene and ethylene glycol can be attributed to the demand from the industries such as anti-freeze, polyester fibres, packaging, construction, and consumer products.
Selected Analysis done in the full Report:
The US propylene Market will reach 20.95 MMTA at a CAGR of 4.5% by 2023. Propylene is an important feedstock for polypropylene, acrylonitrile, propylene oxide and other derivatives. The demand for propylene was high previously due to its versatility and rational pricing. It is expected to grow more as polypropylene is used in packaging, automotive components, stationary, furniture, reusable containers, etc. Propylene is now needed for on purpose production such as propane dehydrogenation.
In Detail: https://industryarc.com/Report/15047/us-olefins-market.html
Key players of the US Olefins Market
Exxon Mobil, Chevron, and Shell are the key players in the US Olefins Market. Exxon Mobil is a multinational oil and gas corporation in America. It has maximized the sale of downstream and chemicals segment. Chevron manufactures products such as fuels, lubricants, additives, and petrochemicals. Shell is a British Dutch company which is involved in exploration, production, refining, marketing, distribution, etc. It is also involved in biofuels, wind, and hydrogen.
US Olefins Market is segmented as below
The end user industries such as packaging, automotive, stationary, and furniture will drive the demand for the US Olefins Market.
A. US Olefins Market By Trade Analysis
1. Ethylene
1.1. Export
1.2. Import
1.3. Net Exports
2. Propylene
2.1. Export
2.2. Import
2.3. Net Exports
B. US Olefins Market by Geography (covers 10+ countries) C. US Olefins Market Entropy Companies Citied / Interviewed- THE DOW CHEMICAL COMPANY
- EXXONMOBIL CORPORATION
- LYONDELLBASELL INDUSTRIES NV
- BASF SE
- ROYAL DUTCH SHELL PLC.
- Company 6
- Company 7
- Company 8
- Company 9
- Company 10+
