Pentane market is expected to witness market growth at a rate of 3.6% in the forecast period of 2021 to 2028. Data Bridge Market Research report on pentane market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of pentane market.Pentane refers to an organic compound that possess a chemical formula of C5H12, consisting of five carbon atoms linked together to form a single bond. The product is a hydrocarbon that has a gasoline-like odor and could be burnt as a fuel. This hydrocarbon can be used in various industrial applications such as use as blowing agent to further form a polystyrene.
The increase in demand for chemical intermediates across the globe acts as one of the major factors driving the growth of pentane market. The increase in the production of polymer-based compounds, such as a polyethylene, polyester polyol, polystyrene, and development of aqueous cleaning systems owning to restricted usage of ODS for solvent cleaning applications accelerate the market growth. The rise in demand for aqueous cleaning solutions because of various features such as low/non-VOC (volatile organic compound) content, low toxicity, non-flammable properties, and low odor, and penetration in the electronics and chemicals further influence the market. Additionally, rapid industrialization, expansion of various end use industries and low costs associated with the product positively affect the pentane market. Furthermore, launch of new products or product development extends profitable opportunities to the market players in the forecast period of 2021 to 2028.On the other hand, presence of strict regulations regarding the usage of pentane from the authorities and availability of substitutes that are gradually replacing the usage of pentane are expected to obstruct the market growth. Concerns regarding extra care/handling of pentane requiring specialized labour skills are projected to challenge the pentane market in the forecast period of 2021-2028.
Global pentane market By Type (n-Pentane, Iso-Pentane, Neo-Pentane), Composition Type (Pentane 85/15, Pentane 80/20, Pentane 70/30, Pentane 60/40, Pentane 50/50, Pentane 20/80, Others), Application (Blowing Agent, Electric Cleansing, Chemical Solvent, Aerosol Propellant, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028. This pentane market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on pentane market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Segmentation: Pentane Market:
Key Developments in the Market:
ILM Exhibitions announced that they had organized the “4th International Conference & Exhibition on Downstream, Petroleum and Refining Technologies” branded as “PEFTEC 2021” which will take place in Rotterdam, Netherlands from 19-20th May, 2021. The exhibition will provide information regarding the regulations, policies currently in place associated with the usage of petroleum, chemicals, petrochemicals and associated products. The exhibition will also discuss their applications, innovations and any emerging technologies. In July 2019, Conference Series LLC announced the organization of the “8th International Conference on Petro Chemical and Oil-Gas Marketing” which was planned to be held in Amsterdam, Netherlands from July 15-16, 2019. The conference is designed to provide information regarding the major products that are extracted from petrochemicals as well as any innovations with the entirety of their production processes till the point of commercialization.
Competitive Analysis:
Pentane market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pentane market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global pentane market are Royal Dutch Shell, Phillips 66 Company, TOP SOLVENT CO.,LTD., HCS Group GmbH, INEOS, LG Chem, YEOCHUN NCC CO., LTD., SK global chemical Co., Ltd, Maruzen Petrochemical, Merck KGaA, TCI Chemicals (India) Pvt. Ltd., Jun Yuan Petroleum Group, SOUTH HAMPTON RESOURCES, SynQuest Laboratories, Aeropres Corporation, Diversified CPC International, Datta Hydro-chem (P) Limited, WanFeng Industrial Limited, Haldia Petrochemicals Limited and Central Drug House among others.
Key Pointers Covered in the Pentane Market:
Market Size
Market New Sales Volumes
Market Replacement Sales Volumes
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Regulatory Framework and Changes
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
MAJOR TOC OF THE REPORT:
Chapter One: Pentane MarketOverview
Chapter Two: Manufacturers Profiles
Chapter Three: Pentane MarketCompetition, by Players
Chapter Four: Pentane MarketSize by Regions
Chapter Five: Pentane MarketRevenue by Countries
Chapter Six: Pentane MarketRevenue by Type
Chapter Seven: Pentane MarketRevenue by Application
Chapter Eight: Pentane MarketRevenue by Industries
Chapter Nine: Pentane MarketRevenue by Deployment Model
Chapter Ten: Pentane MarketRevenue by End User
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Capture Pentane market?
What are the Risks and Challenges in front of the market?
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What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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