Pentane Market Investment Report 2021-2030: Analysis of Prospects and Risks In The New Analysis By Leading Research Firm

Allied Market Research recently published a report, titled, "Pentane Market by Type (n-Pentane, Isopentane, and Neopentane), and Application (Blowing Agent, Electric Cleansing, Chemical Solvent, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030". As per the report, the global pentane industry was accounted for $105.7 million in 2020, and is expected to reach $159.8 million by 2030, growing at a CAGR of 4.3% from 2021 to 2030.

Drivers, restraints, and opportunities

Rise in demand from end-user industries, beneficial properties of pentane, and affordability have boosted the growth of the global pentane market. However, strict government regulations restrain the market growth. On the contrary, surge in use of pentane in fuel blending and formulation is expected to open new opportunities in the future.

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Market Segmentation:

Type: The n-Pentane segment held the largest share in 2020, accounting for nearly three-fourths of the global pentane market, primarily due to its use as an aerosol propellant in various personal care and industrial aerosol products. The isopentane segment is expected to register the highest CAGR of 5.2% during the forecast period due to its extreme volatility and flammability.

Application: The blowing agent segment dominated the market in 2020, contributing to nearly two-fifths of the global pentane market, driven by the thermal and physical characteristics of pentane. However, the electronic cleansing segment is estimated to exhibit the highest CAGR of 5.8% from 2021 to 2030, owing to its high volatility and low boiling point.

Region: North America held the largest share of the global pentane market in 2020, capturing nearly two-fifths of the market, attributed to increased production of transportation vehicles in the U.S. However, the Asia-Pacific region is expected to witness the highest CAGR of 6.1% during the forecast period, driven by increased demand for transportation fuel, rising disposable income, and an increase in automotive users.

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The blowing agent segment dominated the market

By application, the blowing agent segment held the lion's share in 2020, contributing to nearly two-fifths of the global pentane market, due to the thermal and physical characteristics of pentane. However, the electronic cleansing segment is estimated to manifest the highest CAGR of 5.8% from 2021 to 2030, due to their high volatility and low boiling point.

North America held the largest share

By region, the global pentane market across North America dominated in 2020, holding nearly two-fifths of the market, due to increase in production of transportation vehicles in the U.S. However, the market across Asia-Pacific is projected to portray the highest CAGR of 6.1% during the forecast period, owing to rise in requirement of transportation fuel, increase in disposable income, and surge in number of automotive users.

Major Market Players

Exxon Mobil Corporation
INEOS Group Holdings S.A.
HCS Group (Haltermann Carless UK Ltd.)
Maruzen Petrochemical Co., Ltd.
LG Chem Ltd.
Royal Dutch Shell Plc.
Phillips 66 Company
Thai Oil Public Company Limited (TOP Solvent Co., Ltd.)
SK Innovation Co., Ltd.
YEOCHUN NCC CO., LTD.

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