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Pentane is an organic compound with 5 carbon atoms. There are three structural isomers of pentane of which n-pentane is a long chained isomer. Pentane is inexpensive, non-polar, and miscible in almost all non-polar solvents. Pentane is generally employed in fuels, industrial applications like solvents, manufacturing of polystyrene foam, working medium and other. Moreover, n-pentane has laboratory applications and is used as solvent. It is also used in liquid chromatography.
Increasing demand from industrial sector for n-pentane due to the high volatility, miscibility with non-polar compounds like chlorocarbons, olefins, ethers shall drive the market. Additionally, the lower cost of n-pentane compared to other industrial solvents shall boost the market demand. Pentane is also an important component of fuels. Increasing demand for fuels from all over the world shall foster the market growth.
However, n-pentane is a non-polar solvent which is dissolved only in non-polar and alkyl rich compounds. They lack in functionality and this is expected to hinder the market growth.
Key Market Driver -
Cheap and highly volatility.
Key Market Restraint -
Lack of functionality.
Based on product type, the global n-pentane market is segmented into pentane 85/15, pentane 60/40, pentane 50/50, pentane 20/80, pentane 80/20, pentane 70/30. Based on application, is segmented into bowing agent, electronic cleaning, chemical solvent, aerosol propellant, solvent, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global N-pentane market consists of global & regional players operating. Some of the key players in the market include, Chevron Phillips Chemical Company LP, Exxonmobil, Shell, Top Solvent Co., Ltd, South Hampton Resources, Diversified Cpc International, LG Chem, Aeropres Corporation, Jun Yuan Petroleum Group, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold the largest share in market. Rise in demand from industrial sector for solvent shall boost the regional market. Asia Pacific is estimated to hold significant share attributed to large chemical manufacturing base. High demand from industrial sector for manufacturing polystyrene foam, PU foam and other products shall foster the market. Europe is expected to show considerable growth due to the increasing demand for fuel. Increasing production of vehicles is further rising the demand for fuel. This shall foster the market growth in Europe. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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