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Lucrative Europe Markets to Offer Significant Growth Opportunities for the Pentane Market in the Coming Years

02-25-2020 06:18 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Europe Pentane Market

Europe Pentane Market

Increase in demand from end user industries and surge in adoption of pentane due to its chemical properties facilitate the growth in the market. However, stringent regulatory policies restrain the market growth. On the other hand, rise in adoption in fuel blending and formation create new opportunities in the industry.

The report provides a detailed analysis of key investment pockets, drivers & opportunities, value chain, major segments, and competitive intelligence. According to the report, the Europe pentane market garnered $28 million in 2017 and is expected to reach $38.1 million by 2025, growing at a CAGR of 4.1% from 2018 to 2025.

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n-pentane segment to remain dominant during the forecast period:
Based on type, the n-pentane segment held the major market share, contributing nearly three-fourth of the total market share in 2017 and is estimated to remain dominant during the forecast period. This is due to surge in adoption of chemical intermediates for its usefulness as chemical solvents and electronic cleaning solvents in various industries. However, the Isopentane segment would grow at the highest CAGR of 5.4% from 2018 to 2025, owing to rapid demand for usage in binary cycle systems at the geothermal power stations for operating turbines.

Blowing agents segment to maintain its lead position throughout the forecast period:
Based on capacity, the blowing agents segment accounted for nearly two-fifth of the total share in 2017 and is expected to maintain its lead position throughout the forecast period. This is due to surge in production of polymer-based compounds including polystyrene and polyurethane. However, the electronic cleansing segment is expected to grow at a CAGR of 4.9% from 2018 to 2025, owing to rise in demand for electronic components from end-use industries including aerospace & defense, automobile, and consumer electronics.

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Germany to maintain its dominant position in terms of revenue by 2025:
Germany contributed to nearly one-third of the total share in 2017 and will maintain its dominant position in terms of revenue by 2025. This is due to the surge in demand as blowing agents for manufacturing polyurethane & polystyrene foams for usage as cushioning materials in vehicle seats and home furnishings. However, Italy is expected to register the highest CAGR of 5.2% from 2018 to 2025, owing to significant increase in demand as a solvent for manufacturing various chemicals.

Leading Market Players:
- Exxon Mobil Corporation
- INEOS Group Holdings S.A.
- HCS Group (Haltermann Carless UK Ltd.)
- Phillips 66
- Air Liquide S.A.
- Chevron Corporation
- Royal Dutch Shell Plc.
- Brenntag
- Inventec.

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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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