Pentane is a hydrocarbon organic compound that has a gasoline-like odor and is usually burnt as a fuel. Pentane finds numerous industrial applications; for instance, it is used as an ingredient in the production of petroleum.
Its primary application is in creating blowing agents, which are in turn used in manufacturing polyesters (foams). Pentane has three isomeric forms, i.e. iso-pentane, n-pentane and neo-pentane, which are generally used in blowing agents, electronic cleansing or as chemical solvents.
Pentane Market: Regional Market Outlook
Among all regions, North America is anticipated to hold a significant share in the pentane market, owing to the widespread presence of the electronics industry and huge demand for blowing agents in polyester applications.
In Asia Pacific, counties such as Japan, South Korea, China, India, and Japan, the demand for pentane is expected to be surplus as a result of the significant presence of electronic manufacturing facilities. Further, the demand for pentane in Europe is likely to subside due to the stringent regulatory scenario; hence, the consumption of pentane could be replaced by propylene glycol methyl ether or propylene glycol methyl ether acetate.
Pentane Market: Market Segmentation
On the basis of product type, the global pentane market has been segmented into:
- n-Pentane
- Iso-Pentane
- Neo-Pentane
On the basis of application, the global pentane market has been segmented into:
- Blowing agent
- Electronic cleansing
- Chemical solvent
Pentane Market: Market Participants
The global pentane market is anticipated to be highly fragmented, owing to the presence of numerous local manufacturers. Examples of some of the market participants in the global pentane market identified across the value chain include:
- Maruzen Petrochemical
- Yeochun NCC Co., Ltd.
- LG Chem
- HCS Group
- Top Solvent Co., Ltd.
- Merck KGaA
- TCI Chemicals (India) Pvt. Ltd.
- Exxon Mobil Corporation
- Phillips 66 Company
The pentane research report presents a comprehensive assessment of the pentane market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The pentane research report provides analysis and information according to market segments such as geographies, application, and industry.
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