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Pentane Market by Key Players, Product, Analysis and Forecast

In terms of value, the n-pentane segment is expected to grow at a CAGR of 3.9% during the forecast period. Blowing agents in the pentane industry generated the maximum revenue in 2016, accounting for almost 38% of the total market share. North America is expected to dominate the pentane market, registering a CAGR of 3.2% and 2.3% in terms of value and volume, respectively.<br>

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Pentane Market by Key Players, Product, Analysis and Forecast

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Pentane Market Expected to Reach $128.0 Million, Globally, by 2023 Global Opportunity Analysis and Industry Forecast, 2017-2023

  2. Pentane Market “Various geothermal power plants use pentane as a fuel, owing to easy availability and low cost of the pentane-based fuel. In addition, the rate of automobile sales is increasing rapidly, which has correspondingly increased the consumption of fuels such as gasoline and other automobile fuels. This in turn has propelled the demand for pentane, owing to the fact that pentane is one of the key compounds required for the blending of gasoline and formulation of various fuels.”

  3. Pentane Market Overview According to a new report published by Allied Market Research titled, Pentane Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 20172023," the global pentane market size was valued at $97.2 million in 2016, and is expected to reach $128.0 million by 2023, registering a CAGR of 4.1% from 2017 to 2023. North America dominated the global market in 2016, accounting for more than one-third share of the total revenue. Access Full Summary at : https://www.alliedmarketresearch.com/pentane-market Pentane is a highly volatile, colorless, and flammable liquid compound, which is used in petroleum spirits. High volatility of pentane compound causes rapid evaporation, which propels the presence of VOCs in the air, thereby resulting in air pollution. 

  4. Pentane Market 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. It is a hydrocarbon, which possesses a gasoline-like odor and is burnt as a fuel. Pentane has several industrial uses, such as it is used to create blowing agent to further form a polystyrene. The growth of the global pentane market is driven by increase in demand for pentane from various end-user industries, low cost of pentane, and its beneficial chemical properties, such as higher strength as compared to other alkanes and superior volatility. Moreover, increased usage of pentane in fuel blending and formulation is expected to create opportunities for the end-user industries to generate more polystyrene to make insulation materials.

  5. Pentane Market, Snapshot Geographically, is the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest revenue in 2016, owing to rise in production transportation vehicles in the U.S., which in turn is anticipated to fuel the demand for pentane-based foams. Moreover, surge in adoption of polymer foams in large end-user industries and high demand for blowing agents in the manufacturing of PU foam are anticipated to accelerate the growth of the North American market. The prominent players operating in the global pentane market have strategically focused on product launch as their key strategy to gain significant share in the market. The key players profiled in the report include 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. and Maruzen Petrochemical Co., Ltd.

  6. Key Benefits of Pentane Market • This report provides an extensive analysis of the current trends and future estimations in the market. • In-depth analysis of the global pentane industry is conducted through market estimations of key segments from 2017 to 2023. • Comprehensive analysis of factors that drive and restrain the growth of the pentane market is provided in the report. • Extensive analysis of the pentane industry is conducted by following key product positioning and monitoring the top competitors within the market framework. • The key players are profiled along with their strategies to determine the competitive outlook of the market. 

  7. Pentane Market North America Europe Asia-Pacific LAMEA

  8. Pentane Market Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/request-sample/4606 Follow Us On

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