Cloud Hosting

Global Pentane Market size was valued at USD 124.6 million in 2021 and is predicted to reach USD 190.6 million by 2030 with a CAGR of 4.7% from 2022-2030. Pentane is an organic compound that belongs to alkenes group. It is non-polar, inexpensive, and miscible in almost all non-polar solvents. Pentane is a hydrocarbon that has several industrial uses including cleaning agents. In addition, it is also used to create blowing agents that are capable of producing a cellular structure via a foaming process in a variety of materials that undergo hardening or phase transition.

Market Segmentations and Scope of the Study:

The pentane market has been segmented on the basis of type, application, and geography. Based on type, the market is bifurcated into n-pentane, isopentane, and neopentane. Based on application, the market is classified into blowing agent, electronic cleansing, chemical solvent, and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Request for a free sample- https://www.nextmsc.com/Pentane-Market/request-sample

Geographical Analysis

Asia-Pacific region holds the major share of pentane market and is expected to continue its dominance throughout the forecast period. This is due to the emergence of various developing economies in this region such as India, China, Vietnam, Taiwan, and South Korea that are expected to witness high demand of pentane over the forecast period. Also, increased usage of pentane in food and construction industries is expected to propel the growth of the market during the forecast period. North America region, on the other hand, is expected to show a steady rise due to increase in demand of pentane from various end-user industries in this region due to its low cost, and superior chemical properties, such as higher strength and superior volatility as compared to other alkanes that is expected to drive the market growth. Moreover, increased utilization of pentane in blending and formulation of fuels that help end-user industries to generate polystyrene, required to make insulation materials such as thermocol and styrofoam are further expected to drive the market growth of pentane in this region.

Inquire before buying- https://www.nextmsc.com/Pentane-Market/inquire-before-buying

Competitive Landscape

The market comprises of various players such as Exxon Mobil Corporation, Merck KGaA, HCS Group, Ineos Group Holding S A, Maruzen Petrochemical CO. Ltd, Phillips 66 Company, Top Solvent Co. Ltd, Royal Dutch Shell Plc, Sk Innovation Co, Ltd, and TCI Chemicals Pvt. Ltd. These manufacturers are actively indulging in R&D initiatives, product & technology innovations, and industrial collaborations to enhance their product as well as increase their growth and geographical reach. For instance, in July 2021, Haltermann Carless, had completed development of its new hydrogenation plant at the Speyer site in Germany. This development would enhance the cyclopentane and cyclopentane blends market in Germany.

About Us:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We carefully analyse the historical data, augment it by constantly keeping an eye on the latest industry trends and estimate the future events to arrive at accurate market forecasts.

For more insights, please visit, https://www.nextmsc.com

Read the original here:

Pentane Market Industry Analysis by Players, Type and Applications and Top Countries Analysis to 2030 - Digital Journal