Pentane Market Shows Exponential Growth Ahead Key Players Profile Phillips 66 Company, Royal Dutch Shell PLC, TOP Solvent Co. Ltd., ExxonMobil Corporation, INEOS AG, Haltermann Carless UK Ltd., SK Innovation Co. Ltd. And LG Chem Ltd

Pentane Market Overview:
Pentane is an organic compound that consists of five carbon atoms bonded together to form a single bond. It is a hydrocarbon that smells like gasoline and burns as fuel. Pentane has several industrial uses, for example, it is used to create a foaming agent to form polystyrene. Pentane is a highly volatile, colorless and flammable liquid compound used in petroleum spirits. The high volatility of the pentane compound causes rapid evaporation, which propels the presence of VOCs in the air, resulting in pollution. As a result, several governments around the world have established strict standards on management and use to control their adverse effects on health and the environment. It has three key isomeric forms, n-pentane, isopentane and neopentane.

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The global Pentane market will reach xxx Million USD by 2023 growing at a CAGR of xx% during the forecast period 2018 to 2023.

Drivers and Restraints:
The pentane market is constantly growing all over the world. This is attributed to the fact that the 20th century witnessed the rapid adoption of the automobile, which in turn propelled the consumption of fuel. Pentane is an essential ingredient in gasoline blends. Thus, the increase in the demand for gasoline increases the consumption of pentane. In addition, pentane is widely used as a foaming agent for polyurethane and polystyrene. The increase in consumer disposable income and changes in lifestyle boosted the growth of the household appliances sector, which stimulated the use of polyurethane and polystyrene foam for the insulation of refrigeration appliances. In addition, pentane is used as a refrigerant in the refrigeration and air conditioning units, which is one of the main factors that drive its demand in the household appliance sector. Therefore, the development of the appliance industry has significantly increased pentane consumption and is expected to provide growth opportunities for the global pentane market.

Geographical Segmentation:
On the basis of geography, the market is primarily segmented into regions such as in North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America posted the highest sales in 2016 due to an increase in the number of production trucks in the United States, which in turn is expected to stimulate demand for foam-based products. It is expected that the greater adoption of polymer foams in the main consumer industries and the high demand of foaming agents in the manufacture of PU foams will accelerate the growth of the North American market. Asia-Pacific region is estimated to witness significant growth throughout 2023, with 6.1% CAGR. In the global market, India is estimated to grow at a pace of 7.6% CAGR, in terms of value.

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Key Players of Pentane Market:
Phillips 66 Company, Royal Dutch Shell PLC, TOP Solvent Co., Ltd., ExxonMobil Corporation, INEOS AG, Haltermann Carless UK Ltd., SK Innovation Co., Ltd., LG Chem Ltd., Maruzen Petrochemical Co., Ltd. and Yeochun NCC Co., Ltd. are the prominent players of the Global Pentane Market.

Key Takeaways from this Report:
• For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
• Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
• Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
• Increase overall revenue by understanding the geographical impact on sales and distribution channels.
• Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
• Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
• Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.

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