Global N-Pentane Market Report and Forecast 2024-2032

Global N-Pentane Market Outlook

The global n-pentane market is being aided by the overall pentane market, which attained a value of USD 123.26 million in 2023. The pentane market is further expected to grow at a CAGR of 3.1% in the forecast period of 2024-2032 to reach a value of around USD 162.31 million by 2032.

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The Asia Pacific to be a Significant Market for N-Pentane

The global n-pentane industry is significantly aided by the market growth in the Asia Pacific region. The Asia Pacific market is mainly driven by the economic dynamics of countries such as China and India, but with increasing foreign direct investment into the South East Asia, the current scenario is shifting. China has been one of the leading producers and consumers of the product globally. Apart from natural heavy crude, pentane plus is also used as an additive for other oil mixtures for smooth and fast transport of pipelines. Emerging economies, including India, China, Vietnam, Taiwan, and South Korea, are expected to experience a high demand for gasoline during the forecast period, which is likely to boost the industry for n-pentane. Europe is also a major global consumer of n-pentane.

N-Pentane: Market Segmentation

N-pentane is a normal aliphatic hydrocarbon solvent with a molecular formula of C5H12. It is a straight-chain of five carbons and twelve hydrogen atoms. N-pentane is a part of crude oil and a compound that is condensed by the processing of natural gas. It is sometimes referred to as amyl hydride and pentane.

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The product finds wide applications in the following:

• Bowing Agent
• Electronic Cleaning
• Chemical Solvent
• Aerosol Propellant
• Polymerisation
• Others

The regional markets for n-pentane can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Demand for Chemical Intermediates in the Electronic Industry to Bolster the Market Growth of n-Pentane

The global demand for chemical intermediates is likely to increase in the future due to their penetration into the electronics and chemical industries, which is expected to support the growth of the n-pentane industry. In addition, it is expected that n-pentane will see a significant growth rate within the polymer industry. The demand for polymers is estimated to rise due to an increase in the development of polymer-based compounds, including polyester polyol, polyethylene, polystyrene, etc., which is expected to eventually drive the demand for n-pentane. The demand for the product is also rising due to its favourable chemical and physical properties. The chemical properties of n-pentane include better volatility, relatively higher purity, low odour, rapid evaporation, and narrow boiling range, among others. In terms of physical properties, n-pentane is a colourless liquid with a sweet gasoline odour. It is a liquid that is water-insoluble. All these factors are together propelling the growth of the market.

Key Industry Players in the Global N-Pentane Market

The report gives a detailed analysis of the following key players in the global n-pentane market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Royal Dutch Shell Plc
• Datta Hydro-chem (P) Limited 
• Liaoning Yufeng Chemical Co., Ltd.
• Jun Yuan Petroleum Group
• Pure Chem Co., Ltd
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report