Ethane (C2H6) Market Trends, Revenue, Major Players, Share Analysis & Forecast Till 2028
The global ethane market size is expected to reach USD 685.4 Million in 2028 and register a revenue CAGR of 3.1% over the forecast period, according to the latest report by Reports and Data. The rapid expansion of various end-use industries and rising demand for packaged goods due to changing lifestyles are factors driving market revenue growth. Ethane (C2H6) is a by-product produced from refinery off-gas or from natural gas processing, with high demand as feedstock at steam crackers for ethylene production. It is used as a calibration gas mixture for laboratory instruments and inspection, and as the most volatile marker for the investigation of lipid peroxidation. Ethane (C2H6) is also deployed in the production of acetaldehyde and ethanol, which are widely used in paints, varnishes, plastics, and adhesives, among others. Ethane (C2H6) is used to produce ethylene, which is then used to produce a range of products, including plastics. Consumption of Ethane (C2H6) in t...