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Pentane Market Qualitative Insights, Key Enhancement by Key Players: Royal Dutch Shell, Phillips 66 Company, ExxonMobil Corporation, TOP Solvent Co and More

02-13-2019 04:53 AM 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 anticipated to reach $128.0 million by 2023 at a CAGR of 4.1% during the forecast period. In terms of volume, the global pentane market production is estimated to reach 123.9 kilotons by 2023, registering a CAGR of 3.4%.

The prominent players operating in the global pentane market have strategically focused on product launch as their key strategy to gain significant share in the market. The key players profiled in the report 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.
Get Sample PDF Brochure of Pentane Market Study at : https://www.alliedmarketresearch.com/request-sample/4606

Pentane is an organic compound having a chemical formula of C5H12, which consists of five carbon atoms that are linked together to form a single bond. It is a hydrocarbon, which possesses a gasoline-like odor and is burnt as a fuel. Pentane has several industrial uses, such as it is used to create blowing agent to further form a polystyrene.

The growth of the global pentane market is driven by increase in demand for pentane from various end-user industries, low cost of pentane, and its beneficial chemical properties, such as higher strength as compared to other alkanes and superior volatility. Moreover, increased usage of pentane in fuel blending and formulation is expected to create opportunities for the end-user industries to generate more polystyrene to make insulation materials. However, the implementation of stringent regulations towards usage of pentane hampers the global pentane market.

The global pentane market is segmented on the basis of type, application, and geography. Based on type, the market is classified into n-pentane, isopentane, and neopentane. n-Pentane generated the maximum revenue in 2016, and is expected to remain dominant throughout the analysis period, as it is widely used in various personal care and industrial aerosol products as an aerosol propellant. Moreover, it serves as an essential blowing agent for polyurethane and expanded polystyrene foams. The applications covered in the study include blowing agent, electronic cleansing, chemical solvent, and others.

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Geographically, is the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest revenue in 2016, owing to rise in production transportation vehicles in the U.S., which in turn is anticipated to fuel the demand for pentane-based foams.

Moreover, surge in adoption of polymer foams in large end-user industries and high demand for blowing agents in the manufacturing of PU foam are anticipated to accelerate the growth of the North American market.

Key Benefits
• This report provides an extensive analysis of the current trends and future estimations in the market.
• In-depth analysis of the global pentane industry is conducted through market estimations of key segments from 2017 to 2023.
• Comprehensive analysis of factors that drive and restrain the growth of the pentane market is provided in the report.
• Extensive analysis of the pentane industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
• The key players are profiled along with their strategies to determine the competitive outlook of the market.

Learn More at : https://www.prnewswire.com/news-releases/global-pentane-market-expected-to-reach-1280-million-by-2023---allied-market-research-680252003.html

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.

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