With a compound annual growth rate (CAGR) of 3.670% expected during the forecast period from 2022 to 2030, the ethane market is showing promise. The increased demand for bio-based ethanol, driven by its low toxicity and minimal environmental impact, is a significant factor. Key market drivers include the pharmaceutical and transportation industries, which are increasingly adopting bio-based ethanol to reduce environmental emissions and enhance energy security by reducing reliance on crude oil imports.
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