Global Pentane Industry was valued at USD 108 Million in the year 2018. Global Pentane Industry is further estimated to grow at a CAGR of 4.0% from 2018 to reach USD 141 Million by the year 2025. Pentane is an organic compound having a chemical formula of C5H12, which consists of five carbon atoms that are linked together to form a single bond.
North America region holds the highest Industry share in 2018 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At a country level, the U.S is the major markets in North America region and holds a substantial Industry share in 2018 and it is projected to grow at a gradual pace in the coming years due to growing adoption of polymer foams in large end-user industries.
The global pentane Industry is segmented on the basis of type, application, and Region. Based on the type, the Industry is classified into n-pentane, isopentane, and neopentane of which n-pentane holds the highest Industry share in the forecasted period. On the basis of application, the Global Pentane Industry is segmented on the basis of the blowing agent, electronic cleansing, and chemical solvent.
Major market players in Pentane Industry are Phillips 66 Company, Royal Dutch Shell Plc., Exxon Mobil Corporation, HCS Group (Haltermann Carless UK Ltd.), INEOS Group Holdings S.A., LG Chem Ltd., YEOCHUN NCC CO. LTD., Maruzen Petrochemical Co. Ltd., SK Innovation Co. Ltd., Thai Oil Public Company Limited (TOP Solvent Co. Ltd.), and 9 more companies detailed information is provided in the report.
SWOT analysis of Pentane Industry
Growing demand in end-user industries
Stringent government regulations
Increasing ethanol and gasoline demand
High Research and Development Cost
Pentane Industry Segmentation
Pentane Industry Overview, By Type
Pentane Industry Overview, By Application
• Electronic Cleansing
• Blowing agent
• Chemical Solvent
Pentane Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa