Global Pentane Plus Market, By Type (n-Pentane, Isopentane, Neopentane), Product Type (High Octane Number, Low Octane Number), Application (Transportation Fuel, Polyurethane Blowing Agent, Chemical Solvent, Electronic Cleaning, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Pentane Plus Market
Pentane plus market size is valued at USD 141.66 million by 2028 and is expected to grow at a compound annual growth rate of 3.90% for the forecast period of 2021 to 2028. Data Bridge Market Research report on pentane plus market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Pentane plus is a mixture of unsaturated hydrocarbons which can be obtained by cracking petroleum fractions at high temperatures. It is a clear liquid with a strong gasoline-like odor, extremely volatile in nature and does not blend with water. Also, pentane plus is broadly used as a gasoline blending component.
The high adoption rate of pentane plus in various end user applications such as transportation fuel, industrial process and electronic cleaning has highly influenced growth of the pentane plus market. In line with this, growing demand of pentane plus in blending process of gasoline and ethanol associated with increasing demand for gasoline to be used as motor fuels is also acting as a key determinant favoring the growth of the pentane plus market over the forecast period of 2021 to 2028. Also the, growing pace of industrialization across the world is also positively impacting the growth of the pentane plus market. The major factor accountable for the growth of the market is the increase in transportation activities and rapid increase in the manufacturing of natural gas liquids. Beside this, the ever-increasing demands for gasoline, particularly in emerging economies along with rapid urbanization are also flourishing the growth of the pentane plus market. However, the high costs coupled with extraction and processing of pentane plus may act as key restraint towards pentane plus market growth rate in the forecast period of 2021 to 2028, whereas the various hazards related with the production of pentane plus have the potential to challenge the growth of the pentane plus market in the above mentioned forecast period.
Furthermore, the huge extensive R&D as well as the rising oil and gas exploration and production (E&P) activities across the world will further offer a variety of growth opportunities for the pentane plus market in the above mentioned forecast period.
This pentane plus market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on pentane plus market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Pentane Plus Market Scope and Market Size
Pentane plus market is segmented on the basis of type, product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the pentane plus market is segmented into n-pentane, isopentane and neopentane.
- Based on product type, the pentane plus market is segmented into high octane number and low octane number.
- The application segment for pentane plus market is segmented into transportation fuel, polyurethane blowing agent, chemical solvent, electronic cleaning and others.
Pentane Plus Market Country Level Analysis
Pentane plus market is analyzed and market size, volume information is provided by country, type, product type and application as referenced above.
The countries covered in the pentane plus market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the pentane plus market because of the U.S. which has established as major pentane plus exporter also the shale gas have increased natural gas liquid production which has resulted in high pentane plus production within this region. Asia-Pacific is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to rising government initiatives to promote unconventional energy production as well as the better shale gas production initiatives in emerging countries such as China and Australia within this particular region.
The country section of the pentane plus market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pentane Plus Market Share Analysis
Pentane plus market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pentane plus market.
The major players covered in the pentane plus market report are Phillips 66 Company, SHELL, HCS Group, INEOS, LG Chem, YEOCHUN NCC CO., LTD., SK global chemical Co., Ltd, Merck KGaA, SABIC, Petrochemical Commercial Company, Tradeasia International, TCI Chemicals (India) Pvt. Ltd., Jun Yuan Petroleum Group, Parchem fine & specialty chemicals, SOUTH HAMPTON RESOURCES, SynQuest Laboratories, Aeropres Corporation, Choice Organochem LLP, Datta Hydro-chem (P) Limited, and Central Drug House among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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