Europe Pentane Market growth is driven by increase in demand for pentane from end-user industries, low cost of pentane and its beneficial chemical properties. On the other hand, strict government regulations towards the use of pentane have happened to curb the growth to some extent. Nevertheless, surge in use of pentane in fuel blending and formulation has created a number of opportunities in the segment.
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According to the report published by Allied Market Research, the Europe pentane market was estimated at $28 million in 2017 and is expected to reach $38.1 million by 2025, growing at a CAGR of 4.1% from 2018-2025. The report provides an extensive analysis of key segments, drivers & opportunities, market size & forecasts, key investment pockets, and competitive scenario.
Based on type, the n-pentane segment accounted for nearly three-fourth of the total market in 2017 and is expected to be dominant throughout the forecast period. This is due to the increase in the demand for chemical intermediates in Europe. These chemical intermediates are used as chemical solvents and electronic cleaning solvents in different end-use industries.
By Application
- Blowing Agent
- Chemical Solvent
- Electronic Cleansing
- Others
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By capacity, blowing agents contributed to nearly two-fifth of the total market in 2017, thereby coming out as the largest shareholder in the market. Increasing production of polymer-based compounds such as polyurethane and polystyrene has spurred the growth. By geography, Germany held nearly one-third of the total market share in 2017. Increase in demand of pentanes, which are used as blowing agents in the production of polyurethane & polystyrene foam, has augmented the growth.
Key Market Players
- Exxon Mobil Corporation
- HCS Group (Haltermann Carless UK Ltd.)
- INEOS Group Holdings S.A.
- Air Liquide S.A.
- Harp International Ltd
- Phillips 66
- Royal Dutch Shell Plc.
- Chevron Corporation
- Brenntag
- Inventec
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Foam Blowing Agents Market
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