LONDON, May 2, 2016 /PRNewswire/ -- Olefins, also known as Alkene, a compound made up of carbon and hydrogen which contains one or more pairs of carbon atoms concatenated by a double bond. Ethylene and propylene are the compounds formed from oligomerization.
Ethylene market has been segmented in to by product and by feedstock whereas propylene market is segmented in to by product and by process. Ethylene products include polyethylene, ethylene glycol, vinyls, styrene and others; whereas propylene products include polypropylene, cumene, acrylonitrile and others. 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 anticipated to grow at a CAGR of 4.3% from 2015 to 2020.
Polyethylene holds majority of the market in ethylene product market share. Polyethylene demand is expected to rise from 2015 to 2020 drastically as demands for polyethylene products such as polyester fibres, antifreeze, packaging, construction and consumer products is increasing.
The report also focuses on U.S. in terms of changing trends of ethylene and propylene production, demand, pricing, exports and imports with respect to decline in crude oil prices.
The report also includes overview of major companies such as
The Dow Chemical Company,
LyondellBasell Industries N.V.,
Royal Dutch Shell Plc. and Others.
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