Global Pentane Market growing at a CAGR of 4.4% from 2023 to 2031
Category : Materials And Chemicals | Published Date : Dec 2023
Key Market Overview
Consegic Business Intelligence analyzes that the pentane market is predicted to grow at a compound annual growth rate of 4.4% from 2023 to 2031 and is expected to reach USD 193.77 million in 2031 and USD 136.81 million in 2023 which was valued at USD 131.63 million in 2022.
The report highlights the growing demand for efficient solvents and propellants across the world, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the pentane market.
Global Pentane Market By Overview
The pentane market is bifurcated into the type, application, and end-use industry. Based on type, the market is segmented into n-pentane, iso-pentane, neo-pentane, and others. In 2022, the n-pentane segment dominated in the overall pentane market. Based on the application, the market is segmented into laboratory solvent, chromatography, blowing agent, binary fluid, and others. In 2022, the blowing agent segment dominated the overall pentane market. Based on the end-use industry, the market is segmented into cosmetics, pharmaceuticals, petrochemicals, paints and coatings, packaging, and others. In 2022, the petrochemical segment dominated the overall pentane market.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand for pentane in the cooking fuel industry across the globe is propelling market growth.
- Rising preference for n-pentane and iso-pentane as insulation material in the construction industry is accelerating the growth of the market across the globe.
Restraints:
- Long-term environmental effects associated with exposure to pentane is impeding the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | N-pentane, Iso-pentane, Neo-pentane, and Others |
| By Application | Laboratory Solvent, Chromatography, Blowing Agent, Binary Fluid, and Others |
| By End-use Industry | Cosmetics, Pharmaceuticals, Petrochemicals, Paints and Coatings, Packaging, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as HCS Group, Senzhihai Chem, Haldia Petrochemicals Limited, Air Liquide, and RX Marine International, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the pentane market is expected to witness substantial growth in the coming years due to increasing innovations in polyurethane foam preparation in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Junyuan Petroleum Group
- HCS Group
- Senzhihai Chem
- Haldia Petrochemicals Limited
- Air Liquide
- RX Marine International
- Vizag Chemical
- KANTO KAGAKU
- Junsei Chemical Co.,Ltd.
- Merck KGaA
- SEMA Gases
- Nacalai Tesque Inc
- Otto Chemie Pvt. Ltd.