According to a new report, published by KBV research, The Global Pentane Market size is expected to reach $153 million by 2030, rising at a market growth of 4.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 80,286.7 Tonnes, experiencing a growth of 3.7% (2019-2022).
The n-Pentane segment led the Global Pentane Market by Type in 2022; thereby, achieving a market value of $112.6 million by 2030. N-Pentane is often used as a laboratory solvent, especially in chemistry and biology. It is employed for extraction, purification, and crystallization of various compounds. Its low boiling point makes it suitable for these applications. In the food industry, n-pentane extracts vegetable oils from seeds and plants. It serves as a solvent in the extraction process, helping to separate the oils from the raw materials. N-Pentane may find application in the pharmaceutical industry for various purposes, including extraction and synthesis, and as a solvent in producing pharmaceutical products.
The Blowing Agent segment is growing at a CAGR of 3.4 % during the forecast period. Pentane is used extensively as a blowing agent to produce Expanded Polystyrene (EPS) foam. EPS is a lightweight, rigid foam commonly used in packaging materials, insulation, and construction applications. During manufacturing, pentane vaporizes, creating bubbles in the molten polystyrene and expanding the material into a foam. Using pentane in blowing agent applications contributes to developing insulation materials with excellent thermal properties. Foamed materials, such as EPS and polyurethane foams, provide effective insulation against heat transfer and are widely used in construction for thermal insulation purposes.
The North America region dominated the Global Pentane Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $54.5 million by 2030. The Europe region is anticipated to grow at a CAGR of 3.9% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 4.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/pentane-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of HCS Group GmbH (INTERNATIONAL CHEMICAL INVESTORS HOLDING SE), Junyuan Petroleum Group, Shell plc, Thai Oil Public Company Limited (PTT Public Company Limited), Exxon Mobil Corporation, LG Chem Ltd. (LG Corporation), Chevron Phillips Chemical Company LLC, China Petrochemical Corporation (Sinopec Group) and TRECORA (Balmoral Funds)
By Type (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Geography (Volume, Tonnes, USD Million, 2019-2030)
Companies Profiled
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