Olefins are also called as Alkene, a compound mixture of
carbon and hydrogen which contains one or more pairs of carbon atoms
concatenated by a double bond. Ethylene and propylene are the two compounds
formed from oligomerization.
MARKET TRENDS:
According to IndustryARC, the Global U.S. Olefins Market is estimated
to grow at a CAGR of 4.3% during the forecast period of 2015-2020.
The Olefins Market is
classified into 2 types: Ethylene Market and Propylene Market. Ethylene market
has been broadly divided in to two types: by product and by feedstock whereas propylene
market is divided in to: by product and by process. Ethane is one of the most
important feedstock in the U.S.
accounting for approximately 70% of the ethylene market. In U.S.
majority of the ethylene is produced from ethane followed by propane and
naphtha. Ethylene market in the U.S. is
expected to grow at a CAGR of 4.3% from 2015 to 2020.
Polyethylene segment holds a
majority of the market in ethylene product market share. The overall ethylene
market is being driven by the increasing usage and applications of polyethylene
products like polyester fibres, antifreeze, packaging, construction and
consumer products.
**For More Knowledge
on U.S. Olefins Market, Follow the
Below Report Link:
Market Driving
Factors:
The top most contributing driving factors of the U.S.
Olefins Market, as surveyed by IndustryARC’s research analysts are:
·
The increasing use of plastics for packaging
applications is a major driver of the U.S. Olefins Market. Growing automotive
industry has also been proven supportive to the growth of the market, globally.
·
Driven by the rapid economic growth of the
nations in the region, the U.S. Market for Olefins is set to be further boosted
by end-use industries such as packaging, building & construction, consumer
goods, automotive, and textiles.
Geographical Study of
the Market:
·
The US olefins market will remain tight even in the
future as strong demand and lack of spare capacity will keep US ethylene and propylene
inventories low.
·
Unless there is a slowdown or breakdown in
economy, the U.S. is expected to remain tight as the leading market region of
the Olefins Market.
·
Despite the recent hurdles, the U.S. is
forecasted to stay significant in terms of generating healthy revenues in the
global olefins market.
·
APAC has been the healthiest and fastest growing
regional market in the recent years, according to study.
**To Know More about
the U.S. Olefins Market, Download
Sample Market Report:
REPORT SCOPE:
Market Segmentation:
The U.S. Olefins Market is broadly segmented into the following.
The broad segmentation is further led to a narrower stream of divisions made by
experts of IndustryARC and mentioned in this research report.
By Class: Ethylene, Propylene.
·
Ethylene
Type: Polyethylene,
Ethylene glycol, Vinyls, Styrene, Others .
·
Propylene
Type: Polypropylene, Cumene, Acrylonitrile, Others.
Key Market Players:
Few of the top notable competitors out of the complete list
of 40+ companies of the U.S. Olefins Market which are studied in depth and
mentioned in this research report are:
·
The DOW Chemical Company
·
BASF SE
·
ExxonMobil Corporation
·
LyondellBasell Industries
N.V.
·
Royal Dutch Shell Plc. and
Others.
**Contact our Analyst for In-Depth Market Info on U.S. Olefins Market @ http://www.industryarc.com/inquiry-before-buying.php?id=15047
About IndustryARC:
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