Europe Pentane Market Size, Share, Study, Growth, Trends, Opportunity Analysis and Industry Forecast Report, 2025
Growth Drivers and Industry Trends
Increase in demand for pentane from end-user industries, low cost of pentane and its beneficial chemical properties have fueled the growth of the Europe market. On the other hand, strict government regulations towards the use of pentane have happened to curb the growth to some extent. Nevertheless, surge in use of pentane in fuel blending and formulation has created a number of opportunities in the segment.
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Based on type, the n-pentane segment accounted for nearly three-fourth of the total market in 2017 and is expected to be dominant throughout the forecast period. This is due to the increase in the demand for chemical intermediates in Europe. These chemical intermediates are used as chemical solvents and electronic cleaning solvents in different end-use industries.
By capacity, blowing agents contributed to nearly two-fifth of the total market in 2017, thereby coming out as the largest shareholder in the market. Increasing production of polymer-based compounds such as polyurethane and polystyrene has spurred the growth. By geography, Germany held nearly one-third of the total market share in 2017. Increase in demand of pentanes, which are used as blowing agents in the production of polyurethane & polystyrene foam, has augmented the growth.
Key market players discussed in the report include Brenntag, INEOS Group Holdings S.A., HCS Group (Haltermann Carless UK Ltd.), Inventec, Chevron Corporation, Air Liquide S.A., Phillips 66, Exxon Mobil Corporation, and Royal Dutch Shell Plc. They have embraced various strategies including expansion, mergers & acquisitions, collaborations, partnerships, and others to retain their strong position in the industry. The other players in the market comprise ISOLAB Laborgerte GmbH, Molgroup, SCHARR CPC GmbH (Friedrich Scharr AG), Penta Ing. Petr Svec, and Avantor.
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