Europe Pentane Market to See Explosive Growth 2018 - 2025 | Segments are Type, Application, Region

According to the research report published by Allied Market Research, the Europe pentane market size was estimated at $28 million in 2017 and is expected to reach $38.1 million by 2025, registering at a CAGR of 4.1% from 2018-2025. 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.

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.

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The Europe pentane markets is driven by its applications and demand from end users, which include automotive, aerospace & defense, electronics, energy and pharmaceutical, petrochemical, and paints & coatings. Low cost and low boiling point of the compound, along with its associated advantages drive the growth of the Europe pentane market.

Moreover, increased usage of pentane in fuel blending and formulation and as blowing agent for polyurethane and polystyrene foam is anticipated to create significant opportunities for these industries to employ pentane products. Furthermore, growth in demand for pentane as chemical solvent from chemical industries, petrochemical, pharmaceutical, and paint & coatings industries are expected to drive the growth of the Europe pentane market.

The Europe pentane market is segmented based on type, application, and region. Based on type, the Europe pentane market is divided into n-pentane, isopentane, and neopentane. Based on application, the Europe pentane market is classified into blowing agent, chemical solvent, electronic cleansing, and others. Based on region, the Europe pentane market is analyzed across various country level markets.

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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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Key Benefits for Europe pentane market:

Porters five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
Europe pentane market trends has been analyzed on the various qualitative and quantitative parameters
It outlines the Europe Pentane market size, current trends and future scenario of the market from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.
Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
Europe Pentane market analysis includes key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
The profiles of key players along with their key strategic developments are enlisted in the report.

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