The global pentane market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Key factors for the market growth include increase in demand for pentane from various end-user industries, growing usage of pentane in fuel blending and formulation, rapid acceptance of automobiles across the globe, inclination towards higher living standards have changed the lifestyle & buying power of the public and high growth of the electronics industry. However, factors such as implementation of stringent regulations towards usage of pentane and occurrence of high vapor explosion hazards are restricting the market growth.
Global pentane market segmented on the basis of type, application and region.
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N-Pentane Dominate the Global Pentane Market
Based on type, global pentane market segmented into n-pentane, isopentane and neopentane. N-Pentane held considerable market share during forecast period. N-pentane is a constituent of crude oil and a compound that condensates from natural gas production. It is also referred to as amyl hydride and pentane. The chemical properties of n-pentane include better volatility, relatively higher purity, low odour, fast evaporation rate and narrow boiling range, among others. Moreover, in terms of physical properties, n-pentane is a colourless liquid with a sweet and gasoline odour. In addition, it is a liquid that is insoluble in water, volatile and flammable.
North America Leads the Global Pentane market
PBI’s global pentane market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. North America accounted for larger revenue share in global pentane market with considerable CAGR due to increased natural gas liquid production in the region. Rise in production transportation vehicles in the U.S, high demand for blowing agents in the manufacturing of PU foam and surge in adoption of polymer foams in large end-user industries are other factors responsible for market growth. In addition, Asia Pacific held considerable market share during estimated period owing to regional government initiatives to promote unconventional energy production.
Launch of newer products, frequent product approvals, patent filings, and strategic alliances are the key strategies adopted by market players
Global pentane market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are Aeropres Corporation, CNPC, Diversified CPC, ExxonMobil Chemical, Junyuan Petroleum Group, Phillips 66, Rizhao Changlian, Shell, South Hampton Resources and TOP Solvent.
Precision Business Insights (PBI) in its report titled “Global Pentane Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
o Blowing agent
o Electronic Cleansing
o Chemical Solvent
o Aerosol Propellant
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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