Global Pentane Market By Type (n-Pentane, Iso-Pentane, Neo-Pentane), Composition Type (Pentane 85/15, Pentane 80/20, Pentane 70/30, Pentane 60/40, Pentane 50/50, Pentane 20/80, Others), Application (Blowing Agent, Electric Cleansing, Chemical Solvent, Aerosol Propellant, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Pentane Market
Global pentane market is expected to rise to an estimated value of USD 149.36 million by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing utilization of the product from the consumer electronics industry due to the increasing consumption of the same from the market.
Market Definition: Global Pentane Market
Pentane is an organic chemical hydrocarbon compound that is used as fuel when it is ignited. It has the chemical formula of C₅H₁₂ and is generally characterized as a colourless liquid which is volatile in nature and has an odour similar to that of gasoline, with its being similar to that of butane and hexane. Pentane is generally utilized in a number of other industrial applications.
- High demand for the product due to its variety of applications in the industry verticals, is expected to drive the growth of the market
- Low costs associated with the product coupled with its large-scale benefits, is expected to drive the growth of the market
- Increased consumption of automotive is expected to have a positive impact on the market due to its usage as a blender in gasoline
- Increasing presence of strict regulations regarding the usage of pentane from the authorities, is expected to restrict the growth of the market value
- Presence of substitutes that are gradually replacing the usage of pentane, are factors restraining the growth of the market
- Concerns regarding extra care/handling of pentane requiring specialised labour skills, are also expected to restrict the growth of the market
Segmentation: Global Pentane Market
By Composition Type
- Pentane 85/15
- Pentane 80/20
- Pentane 70/30
- Pentane 60/40
- Pentane 50/50
- Pentane 20/80
- Blowing Agent
- Electric Cleansing
- Chemical Solvent
- Aerosol Propellant
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Key Developments in the Market:
- ILM Exhibitions announced that they had organized the “4th International Conference & Exhibition on Downstream, Petroleum and Refining Technologies” branded as “PEFTEC 2021” which will take place in Rotterdam, Netherlands from 19-20th May, 2021. The exhibition will provide information regarding the regulations, policies currently in place associated with the usage of petroleum, chemicals, petrochemicals and associated products. The exhibition will also discuss their applications, innovations and any emerging technologies.
- In July 2019, Conference Series LLC announced the organization of the “8th International Conference on Petro Chemical and Oil-Gas Marketing” which was planned to be held in Amsterdam, Netherlands from July 15-16, 2019. The conference is designed to provide information regarding the major products that are extracted from petrochemicals as well as any innovations with the entirety of their production processes till the point of commercialization.
Global pentane market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pentane market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global pentane market are Royal Dutch Shell, Phillips 66 Company, TOP SOLVENT CO.,LTD., HCS Group GmbH, INEOS, LG Chem, YEOCHUN NCC CO., LTD., SK global chemical Co., Ltd, Maruzen Petrochemical, Merck KGaA, TCI Chemicals (India) Pvt. Ltd., Jun Yuan Petroleum Group, SOUTH HAMPTON RESOURCES, SynQuest Laboratories, Aeropres Corporation, Diversified CPC International, Datta Hydro-chem (P) Limited, WanFeng Industrial Limited, Haldia Petrochemicals Limited and Central Drug House among others.
Research Methodology: Global Pentane Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved