The US Olefins Market is expected to reach $ 36244.37 million by 2023Posted by industryarc on August 6th, 2019 According to the new market research report by IndustryARC titled “U.S. Olefins Market: By Class (Ethylene, Propylene); Ethylene Type (Polyethylene, Ethylene glycol, others) Propylene Type (Polypropylene, Cumene, others) By Feedstock (Gaseous, Liquid); By Process (TCS, FCC); By End User (Automotive, Polymer, others)- Forecast(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. View Full table Of Content Of U.S. Olefins Market Excerpts on Market Growth Factors Mentioned in the Full Report: 1. The demand for polyethylene and ethylene glycol is expected to rise during the forecast period as the demand for end-user applications such as polyester fibre, antifreeze, packaging, and construction and consumer products is increasing. Talk to one of our sales representative about the full report by providing your details in the link below: 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. About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Contact Us: Like it? Share it! More by this author |