openPR Logo
Press release

Global Pentane Market is Likely to Grow at a CAGR of 4.1% from 2017 to 2023

07-19-2018 03:46 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

pentane market

pentane market

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.

Get sample copy of this report@ https://www.alliedmarketresearch.com/request-sample/4606

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.

Make Purchase Enquiry@ https://www.alliedmarketresearch.com/purchase-enquiry/4606

Key players profiled in the global pentane industry include Royal Dutch Shell PLC, Phillips 66 Company, ExxonMobil Corporation, TOP Solvent Co., Ltd., Haltermann Carless UK Ltd., INEOS AG, LG Chem Ltd., SK Innovation Co., Ltd., Yeochun NCC Co., Ltd. and Maruzen Petrochemical Co., Ltd.

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.

Access Full Summary at : https://www.alliedmarketresearch.com/pentane-market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Pentane Market is Likely to Grow at a CAGR of 4.1% from 2017 to 2023 here

News-ID: 1136027 • Views: 127

More Releases from Allied Market Research

Europe Insecticides Market reach $23.36 billion by 2026, growing at a CAGR of 5. …
According to the report, the Europe insecticides market for waste management accounted for $14.73 billion in 2018 and is anticipated to reach $23.36 billion by 2026, growing at a CAGR of 5.8% from 2019 to 2026. Generation of waste in huge amount and upsurge in number of insects drive the growth in the market. However, storage and handling of insecticides restrain the market growth. On the other hand, stringent regulations for
Trauma Devices Market Is Projected To Grow Exponentially By 2022 | major key pla …
Trauma devices are one of the various clinical procedures used for the treatment of trauma based upon the severity of injury. Trauma refers to any kind of physical injury such as fractures, dislocations, sprains & strains and burns caused by any external source. According to Center for Disease Control and Prevention, Trauma is an injury or wound to a living individual caused by due to violence or external force. These
3D Medical Imaging Market Size anticipated to witness significant growth by 2026 …
3D imaging is a revolutionary optical imaging technology that provides an enriched images on 2D platforms. This technology has the ability to offer enhanced imaging solutions in various sectors, from healthcare to entertainment to architecture modelling. Improved imaging and better viewing experience are the main attributes for its increasing demand. Moreover, the emergence of this imaging technique has allowed medical professionals to generate an in-depth image of suspect for better
Near Infrared Imaging Market Trends and Industry Analysis,Growth Prospect, durin …
Near infrared imaging is a non-invasive imaging technique that uses non-ionizing rays which helps in the detection of amount of hemoglobin present in brain and body tissues and muscles. The development of near infrared imaging has allowed the clinicians to detect brain injuries and other brain related disorders. Along with this, near infrared imaging is also being applied to diagnose breast cancer, alzheimer’s disease, depression and schizophrenia. Moreover this technique

All 5 Releases


More Releases for CAGR

Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small