The modern-day document posted via Report Ocean, titled “Pentane Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global pentane market size was valued at $97.2 million in 2016 and is anticipated to reach $128.0 million by 2023 at a CAGR of 4.1% during the forecast period. Also, the global pentane production is likely to reach 123.9 kilotons by 2023 at a CAGR of 3.4% during the forecast period. Pentane is a colorless highly volatile liquid, which is soluble in water. This chemical is produced from the fractional distillation process of petroleum.
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The growth of the global pentane market is significantly driven by low cost of pentane along with benefits associated with it and upsurge in demand from the end-user industries such as paint, textile, agro, and others. However, implementation of stringent government regulations towards the usage of pentane and high production cost restrict the market growth. On the contrary, increased usage of pentane in fuel blending and formulation is expected to provide lucrative opportunity for the global market growth.
The global pentane market is segmented on the basis of type, application, and geography. Based on type, the market is divided into n-pentane, isopentane, and neopentane. Depending on application, it is fragmented into blowing agent, chemical solvent, electronic cleaning, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The prominent players operating in the global 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, China National Petroleum Corporation, ExxonMobil Corporation, Top Solvent Co., Ltd., Haltermann Carless UK Ltd., INEOS AG, LG Chem Ltd., SK Global Chemical Co., Ltd., and Maruzen Petrochemical Co., Ltd.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends and emerging 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 industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
The key players in the pentane industry are profiled along with their strategies to determine the competitive outlook of the market.
MARKET SEGMENTATION
By Type
n-pentane
Isopentane
Neopentane
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By Application
Blowing agent
Electronic cleansing
Chemical solvent
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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