The global pentane market size was valued at $97.2 million in 2016 and is anticipated to reach $128.0 million by 2023 at a CAGR of 4.1% during the forecast period. Also, the global pentane production is likely to reach 123.9 kilotons by 2023 at a CAGR of 3.4% during the forecast period.
Pentane is a colorless highly volatile liquid, which is soluble in water. This chemical is produced from the fractional distillation process of petroleum.
The growth of the global pentane market is significantly driven by low cost of pentane along with benefits associated with it and upsurge in demand from the end-user industries such as paint, textile, agro, and others. However, implementation of stringent government regulations towards the usage of pentane and high production cost restrict the market growth. On the contrary, increased usage of pentane in fuel blending and formulation is expected to provide lucrative opportunity for the global market growth.
The global pentane market is segmented on the basis of type, application, and geography. Based on type, the market is divided into n-pentane, isopentane, and neopentane. Depending on application, it is fragmented into blowing agent, chemical solvent, electronic cleaning, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The prominent players operating in the global market have strategically focused on product launch as their key strategy to gain significant share in the market. The key players profiled in the report include Royal Dutch Shell PLC, Phillips 66 Company, China National Petroleum Corporation, ExxonMobil Corporation, Top Solvent Co., Ltd., Haltermann Carless UK Ltd., INEOS AG, LG Chem Ltd., SK Global Chemical Co., Ltd., and Maruzen Petrochemical Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends and emerging estimations in the market.
In-depth analysis of the global pentane industry is conducted through market estimations of key segments from 2017 to 2023.
Comprehensive analysis of factors that drive and restrain the growth of the Pentane market is provided in the report.
Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
The key players in the pentane industry are profiled along with their strategies to determine the competitive outlook of the market.
MARKET SEGMENTATION
By Type
n-pentane
Isopentane
Neopentane
By Application
Blowing agent
Electronic cleansing
Chemical solvent
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Pentane is a colorless highly volatile liquid, which is soluble in water. This chemical is produced from the fractional distillation process of petroleum.
The growth of the global pentane market is significantly driven by low cost of pentane along with benefits associated with it and upsurge in demand from the end-user industries such as paint, textile, agro, and others. However, implementation of stringent government regulations towards the usage of pentane and high production cost restrict the market growth. On the contrary, increased usage of pentane in fuel blending and formulation is expected to provide lucrative opportunity for the global market growth.
The global pentane market is segmented on the basis of type, application, and geography. Based on type, the market is divided into n-pentane, isopentane, and neopentane. Depending on application, it is fragmented into blowing agent, chemical solvent, electronic cleaning, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The prominent players operating in the global market have strategically focused on product launch as their key strategy to gain significant share in the market. The key players profiled in the report include Royal Dutch Shell PLC, Phillips 66 Company, China National Petroleum Corporation, ExxonMobil Corporation, Top Solvent Co., Ltd., Haltermann Carless UK Ltd., INEOS AG, LG Chem Ltd., SK Global Chemical Co., Ltd., and Maruzen Petrochemical Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends and emerging estimations in the market.
In-depth analysis of the global pentane industry is conducted through market estimations of key segments from 2017 to 2023.
Comprehensive analysis of factors that drive and restrain the growth of the Pentane market is provided in the report.
Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
The key players in the pentane industry are profiled along with their strategies to determine the competitive outlook of the market.
MARKET SEGMENTATION
By Type
n-pentane
Isopentane
Neopentane
By Application
Blowing agent
Electronic cleansing
Chemical solvent
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Frequently Asked Questions about the Global Pentane Market
What is the estimated value of the Global Pentane Market?
What is the growth rate of the Global Pentane Market?
What is the forecasted size of the Global Pentane Market?
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CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PENTANE MARKET, BY TYPE
CHAPTER 5: PENTANE MARKET, BY APPLICATION
CHAPTER 6: PENTANE MARKET, BY GEOGRAPHY
CHAPTER 7: COMPANY PROFILES
Note: Product cover images may vary from those shown
According to a new report published Pentane Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023" the global pentane market size was valued at $97.2 million in 2016, and is expected to reach $128.0 million by 2023, registering a CAGR of 4.1% from 2017 to 2023. North America dominated the global market in 2016, accounting for more than one-third share of the total revenue.
Pentane is a highly volatile, colorless, and flammable liquid compound, which is used in petroleum spirits. High volatility of pentane compound causes rapid evaporation, which propels the presence of VOCs in the air, thereby resulting in air pollution. As a result, various governments across the world have implemented stringent regulations on its handling and usage, owing to control its adverse effects on health and environment. It has three key isomeric forms, n-pentane, isopentane, and neopentane.
The pentane market is witnessing a steady growth across the world. This is attributed to the fact that the twentieth century witnessed rapid adoption of automobile across, which in turn propelled the consumption of gasoline. Pentane serves as an essential ingredient for gasoline blending. Thus, increase in demand for gasoline propels the consumption of pentane. Furthermore, pentane is widely used as a blowing agent for polyurethane and polystyrene. Increase in disposable income of consumers and change in lifestyle have propelled the growth of the appliance industry, which in turn has boosted the use of polyurethane and polystyrene foam for insulation of cooling appliances. In addition, pentane is used as a refrigerant in the fridge and AC appliances, which is one of the major factors fueling its demand in the appliance industry. Thus, the development of the home appliance industry has significantly increased pentane consumption, and is expected to provide growth opportunities for the global pentane market.
Key findings of the Pentane Market:
In terms of value, the n-pentane segment is expected to grow at a CAGR of 3.9% during the forecast period.
Blowing agents in the pentane industry generated the maximum revenue in 2016, accounting for almost 38% of the total market share.
North America is expected to dominate the pentane market, registering a CAGR of 3.2% and 2.3% in terms of value and volume, respectively.
Electronic cleansing is expected to register the fastest CAGR of 4.6% in terms of volume.
Asia-Pacific is projected to show exponential growth throughout 2023, registering a CAGR of 6.1%, in terms of value.
In the global market, India is expected to grow at a CAGR of 7.6%, in terms of value.
Key players profiled in the global pentane industry include Royal Dutch Shell PLC, Phillips 66 Company, China National Petroleum Corporation, ExxonMobil Corporation, Top Solvent Co., Ltd., Haltermann Carless UK Ltd., INEOS AG, LG Chem Ltd., SK Global Chemical Co., Ltd., and Maruzen Petrochemical Co., Ltd.
Pentane is a highly volatile, colorless, and flammable liquid compound, which is used in petroleum spirits. High volatility of pentane compound causes rapid evaporation, which propels the presence of VOCs in the air, thereby resulting in air pollution. As a result, various governments across the world have implemented stringent regulations on its handling and usage, owing to control its adverse effects on health and environment. It has three key isomeric forms, n-pentane, isopentane, and neopentane.
The pentane market is witnessing a steady growth across the world. This is attributed to the fact that the twentieth century witnessed rapid adoption of automobile across, which in turn propelled the consumption of gasoline. Pentane serves as an essential ingredient for gasoline blending. Thus, increase in demand for gasoline propels the consumption of pentane. Furthermore, pentane is widely used as a blowing agent for polyurethane and polystyrene. Increase in disposable income of consumers and change in lifestyle have propelled the growth of the appliance industry, which in turn has boosted the use of polyurethane and polystyrene foam for insulation of cooling appliances. In addition, pentane is used as a refrigerant in the fridge and AC appliances, which is one of the major factors fueling its demand in the appliance industry. Thus, the development of the home appliance industry has significantly increased pentane consumption, and is expected to provide growth opportunities for the global pentane market.
Key findings of the Pentane Market:
In terms of value, the n-pentane segment is expected to grow at a CAGR of 3.9% during the forecast period.
Blowing agents in the pentane industry generated the maximum revenue in 2016, accounting for almost 38% of the total market share.
North America is expected to dominate the pentane market, registering a CAGR of 3.2% and 2.3% in terms of value and volume, respectively.
Electronic cleansing is expected to register the fastest CAGR of 4.6% in terms of volume.
Asia-Pacific is projected to show exponential growth throughout 2023, registering a CAGR of 6.1%, in terms of value.
In the global market, India is expected to grow at a CAGR of 7.6%, in terms of value.
Key players profiled in the global pentane industry include Royal Dutch Shell PLC, Phillips 66 Company, China National Petroleum Corporation, ExxonMobil Corporation, Top Solvent Co., Ltd., Haltermann Carless UK Ltd., INEOS AG, LG Chem Ltd., SK Global Chemical Co., Ltd., and Maruzen Petrochemical Co., Ltd.
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
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- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
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