The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Pentane Market Overview
The global pentane market was worth $105.10 million in 2021 and is expected to be worth $159.12 million by 2030, increasing at a CAGR of 5.1% between 2023and 2030.
The global Pentane Market is expected to observe significant growth in the forecast period. Pentane contains low cost and it has several beneficial chemical properties, such as higher strength as compared to other alkanes and superior volatility. Therefore, it has higher demand form from various end-user industries. Eventually, this factor drives the growth of the global Pentane Market.
Furthermore, increased usage of pentane in fuel blending and formulation is projected to create lucrative opportunities for the end-user industries to produce more polystyrene to make insulation materials. This fact considerably boosting the growth of the global Pentane market in the next few years.
On the other hand, the implementation of stringent regulations towards the usage of pentane is expected to hamper the growth of the pentane market.
Pentane Market Segment Overview
Based on type, the n-Pentane segment accounts for a major share in the Pentane market and is predictable to maintain its supremacy over the forecast period. The n-Pentane is broadly used in various personal care and industrial aerosol products as an aerosol propellant. Also, it serves as an essential blowing agent for polyurethane and expanded polystyrene foams. In addition to this, the pentane finds several applications include blowing agents, electronic cleansing, chemical solvent, and others.
Pentane Market Regional Overview
Region-wise, North American held the major share of the global Pentane market, and this trend is expected to continue during the forecast period. This can be attributed to the higher demand for pentane-based foams behind the increasing production of transportation vehicles in the U.S. Additionally, the growing adoption of polymer foams in many end-user industries and large demand for blowing agents in the manufacturing of PU foam is projected to escalate the growth of the North American market. Also, Europe is the second-largest market for Pentane. Similarly, Asia Pacific is expected to show noteworthy growth with a gradual increase in market share during the forecast period. The downstream customers of Japan, Southeast Asia, and India are comparatively less. Thus, the markets in these areas are small. In the future, India and Southeast Asia market is anticipated to show significant growth in the global Pentane market.
Pentane Market, Key Players
· 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.
· Maruzen Petrochemical Co., Ltd.
Pentane Market Segmentation
Pentane Market, By Type
· n-Pentane
· Isopentane
· Neopentane
Pentane Market, By Application
· Blowing agent
· Electronic Cleansing
· Chemical Solvent
· Others
Pentane Market, By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Pentane Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. n-Pentane
- 5.2.2. Isopentane
- 5.2.3. Neopentane
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Blowing agent
- 5.3.2. Electronic Cleansing
- 5.3.3. Chemical Solvent
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Latin America
- 5.4.3. Europe
- 5.4.4. Asia Pacific
- 5.4.5. Middle East and Africa
6. North America Pentane Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. n-Pentane
- 6.2.2. Isopentane
- 6.2.3. Neopentane
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Blowing agent
- 6.3.2. Electronic Cleansing
- 6.3.3. Chemical Solvent
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Latin America Pentane Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. n-Pentane
- 7.2.2. Isopentane
- 7.2.3. Neopentane
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Blowing agent
- 7.3.2. Electronic Cleansing
- 7.3.3. Chemical Solvent
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. Brazil
- 7.4.2. Mexico
- 7.4.3. Rest of Latin America
8. Europe Pentane Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. n-Pentane
- 8.2.2. Isopentane
- 8.2.3. Neopentane
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Blowing agent
- 8.3.2. Electronic Cleansing
- 8.3.3. Chemical Solvent
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. UK
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Rest of Europe
9. Asia Pacific Pentane Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. n-Pentane
- 9.2.2. Isopentane
- 9.2.3. Neopentane
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Blowing agent
- 9.3.2. Electronic Cleansing
- 9.3.3. Chemical Solvent
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. China
- 9.4.2. India
- 9.4.3. Japan
- 9.4.4. Australia
- 9.4.5. South East Asia
- 9.4.6. Rest of Asia Pacific
10. Middle East & Africa Pentane Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. n-Pentane
- 10.2.2. Isopentane
- 10.2.3. Neopentane
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Blowing agent
- 10.3.2. Electronic Cleansing
- 10.3.3. Chemical Solvent
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. GCC
- 10.4.2. South Africa
- 10.4.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2021
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Royal Dutch Shell PLC
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. Phillips 66 Company
- 11.6. ExxonMobil Corporation
- 11.7. TOP Solvent Co., Ltd.
- 11.8. Haltermann Carless UK Ltd.
- 11.9. INEOS AG
- 11.10. LG Chem Ltd.
- 11.11. SK Innovation Co., Ltd.
- 11.12. Yeochun NCC Co., Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
