Europe Pentane Market Size to Reach $26.62 Million by 2027; Rising Need to Lower Emissions of Unburned Fuels will Augment Growth

The Europe pentane market size is projected to reach USD 26.62 million by 2027. The rising usage of pentane in fuels to reduce the emission of unburned fuels, enhance combustion point, and facilitate viscosity would affect growth positively in the upcoming years. Fortune Business Insights™ presented this information in its latest report, titled, “Europe Pentane Market Size, Share & Covid-19 Impact Analysis, By Type (n-Pentane, Isopentane, Pentane-Blends), Application (Blowing Agent, Chemical Solvent, Electronic Cleansing, Automotive, Geothermal, Others), and Regional Forecasts, 2020-2027.” The report further mentions that the market stood at USD 23.19 million in 2019. It is set to grow at a CAGR of 3.4% during the forecast period between 2020 to 2027. The material has experienced a rising demand from the healthcare care sector amid the COVID-19 pandemic. It mainly occurred backed by the increasing number of coronavirus-positive patients, which, in turn, resulted in the urgent need for comfortable mattresses.

Increasing Usage as an Additive in Specialty Fuels to Accelerate Growth

In specialty fuels, pentane is extensively used as an additive. Such types of fuels provide better efficiency and high performance to the machine or equipment. Numerous manufacturing companies in Europe are persistently striving to use pentane in fuels to refine efficiency. Apart from that, some of the prominent companies present in Europe have started developing the compound and its blends to promote usage in specialty fuels.

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However, the Occupational Safety and Health Administration (OSHA) has set certain standards associated with the permissible exposure limit of this compound. As per the agency, during an average 8-hour work shift, the limit is 1,000 ppm. Similar other guidelines implemented by government and private organizations may hinder the Europe pentane market growth in the upcoming years.

Key Companies Focus on R&D Activities to Unveil Innovative Products

The market contains two most renowned companies, namely, Royal Dutch Shell (Shell) and Phillips 66 Company. Both of them are focused on the marketing and distribution of various types of chemicals. They are constantly engaged in research and development activities to introduce novel products for expanding their geographic footprints.

Fortune Business Insights™ lists out the names of all the pentane manufacturers operating in Europe. They are as follows:

• Phillips 66 Company (U.S.)
• Royal Dutch Shell plc (Netherlands)
• HCS Group GmbH (Germany)
• Thai Oil Public Company Limited (Thailand)
• INEOS (UK)
• Air Liquide (France)
• Harp International Ltd (UK)
• ChemPoint (U.S.)
• BRENNTAG (Austria)
• Inventec (France)

Further Report Findings-

• In 2019, the blowing agent segment, in terms of application, procured the largest Europe pentane market share. Pentane is capable of developing a honeycomb-like structure in foam. It imparts high thermal properties in every final product. Also, other blowing agents are expensive, unlike this particular organic compound. It is experiencing high demand from automotive, building & construction, and furniture & bedding industries.
• Germany and France are considered to be the leading growth contributors. Between the periods of March-April 2020, for instance, a few polyurethane (PU) foam plants in France were operational amid the COVID-19 pandemic to cater to the increasing demand from the healthcare sector. At the same time, Germany showcased a much lesser operation only for online sales and the medical sector.
• Based on the type, the n-pentane segment would exhibit the fastest growth throughout the forthcoming years. This growth is attributable to its surging demand from the foam industry. It can deliver dimensional stability to foams and is cost-effective.

The market for pentane in Europe can be segmented in the following way: