Pentane Market By Type (N-Pentane, Isopentane, And Neopentane) And Application (Blowing Agent, Electric Cleansing, Chemical Solvent, And Others) - Global Forecast 2020 To 2025

Report Code: CMR 84315 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

The Pentane Market is forecast to reach $150 million by 2025, growing at a CAGR of 3.8% during 2020-2025. The rising demand for solvents in the paints & coatings industry is fueling the demand for pentane. Also, the growing demand for polystyrene is fueling the consumption of pentane as a blowing agent. The report covers Pentane market size by type and application, Pentane market share by top 5 companies and also the market share by start-ups during the forecast period.

Report Coverage

The report: “Pentane Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Pentane Market.


Key Takeaways

  • Asia-Pacific dominates the pentane market owing to increasing demand from solvent applications in the paint industry coupled with several applications in the plastics industry.
  • The n-Pentane segment held the highest share in the segment by type. This was due to the rising traction for the segment as a fuel in the developed countries of North America and Europe.
  • The blowing agent segment held the major share in the application segment. There is rising demand for this application in the polystyrene industry.

By Type - Segment Analysis

Pentanes which are alkanes are used as blowing agent in the production of polyurethane foams. The foam is applied to insulation in household and commercial appliances, reefers and cooling containers, in the construction area as boards and panels, in pipes and similar applications.  N-pentanes also have a high demand as a blowing agent in the polystyrene industry. In the past, capacity utilization of polystyrene plants averaged at only about 75%. This resulted in a considerable reduction of capacities and restructuring undertaken by manufacturers. Industrialized countries have responded to the excess capacities by reducing production volume and refocusing on growth markets. In order to satisfy the rising global demand, however, production capacity has to increase again. Global capacity is scheduled to be expanded by 700,000 tonnes until 2020. More than 90% of these new capacities will be created in Asia-Pacific. This is fueling the demand for pentanes in the industry.

Geography - Segment Analysis

APAC dominated the pentane market with a share of more than 32%, followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Apart from natural heavy crude, pentane plus is also as an additive for other oil mixes for smooth and easy pipeline transportation. Emerging economies such as India, China, Vietnam, Taiwan, and South Korea are expected to witness high gasoline demand over the forecast period. North America was a leading global player for pentane as a fuel as the U.S. has established as a major pentane plus exporter. Shale gas plays in the region has increased natural gas liquid production which has resulted into high pentane plus production regionally.

China has the largest automotive industry in the world and one of the largest civilian aircraft markets. According to OICA, China held 35 percent share in global passenger cars sales in 2017.  India also has excellent potential for automotive industry growth in the future. The country's automotive industry experienced 8% growth in production in 2018, over the previous year. With more than 11 million vehicles traveling on the U.S. roads, which is 11.5 percent of the total vehicles in the world as reported by the OICA in 2017, there will be tremendous demand for pentane as a fuel in the automotive application.

Drivers – Pentane Market

·         Demand as an Alternate fuel

By the end of 2018, global cumulative installed PV capacity reached about 512 gigawatts (GW), of which about 180 GW were utility-scale plants. This represented a growth of 27% from 2017. Although capacity additions remained flat in 2018, solar PV generation increased 31% in 2018, and represented the largest absolute generation growth (+136 TWh) of all renewable technologies, slightly ahead of wind and hydropower. This is fueling the demand for pentane.

Challenges – Pentane Market

·         Volatile crude oil prices

In the second half of 2018, the oil market exhibited high volatility not only in terms of price levels but also time spreads and quality spreads. After reaching highs of $81/b and $71/b in October, monthly Brent and WTI prices ended the year in December at $57/b and $49/b respectively. At the same time, time spreads switched from backwardation to contango, as inventories rose above their 5-year average and the prospects for global demand worsened amid supplies increasing. The spreads between light sweet-medium sour crude also exhibited wide volatility, with the Brent-Dubai and WTI-Dubai spreads collapsing signaling a shortage of heavier sour crude globally.

·         Growing demand for battery electric vehicles

The shift towards electric vehicles in the developed and developing nations would hamper the growth the pentane market over the forecast period. According to IEA, Norway, the Netherlands and Japan are frontrunners in the electronic vehicles segment. Norway held the share of 46 percent in terms of the global new electric car sales as reported by IEA in 2018. In order to meet zero emission targets under the “Paris Climate Accord”, in 2017, France government has announced that it will ban diesel and gasoline-powered vehicles completely and switch to electric powered vehicles by 2040.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Pentane market. In 2018, the top five players accounted for xx% of the share. Major players in the Pentane Market are Exxon Mobil Corporation, Hcs Group, Ineos Group Holding S A, Maruzen Petrochemical Co , Ltd, Phillips 66 Company, Royal Dutch Shell Plc, Sk Innovation Co , Ltd, among others. 

1. Pentane Market - Overview
        1.1 Definitions and Scope
2. Pentane Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Pentane Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Pentane Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Pentane Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Pentane Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Pentane Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Pentane Market - By Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Segment Analysis
            8.3.1 N-Pentane
            8.3.2 Isopentane
            8.3.3 Neopentane
9. Pentane Market - By Product  Type(Market Size -$Million / $Billion)
10. Pentane - By Application Type(Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
            10.3.1 Blowing Agent
            10.3.2 Chemical Solvent
            10.3.3 Electronic Cleansing
11. Pentane- By Geography (Market Size -$Million / $Billion)
        11.1 Pentane Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Pentane- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Pentane- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Pentane - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Pentane - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Pentane Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Pentane Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Pentane Market - Key Company List by Country Premium
15. Pentane Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Exxon Mobil Corporation
        15.3 Hcs Group
        15.4 Ineos Group Holding S A
        15.5 Lg Chem Ltd
        15.6 Maruzen Petrochemical Co , Ltd
        15.7 Phillips 66 Company
        15.8 Royal Dutch Shell Plc
        15.9 Sk Innovation Co , Ltd
        15.10 Thai Oil Public Company Limited
        15.11 Yeochun Ncc Co , Ltd
        15.12 Company 12
        15.13 Company 13 & More
*Financials would be provided on a best efforts basis for private companies
16. Pentane Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Pentane Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Pentane Market, By Type Market 2019-2024 ($M)
1.1 N-Pentane Market 2019-2024 ($M) - Global Industry Research
1.2 Isopentane Market 2019-2024 ($M) - Global Industry Research
1.3 Neopentane Market 2019-2024 ($M) - Global Industry Research
2.Global Pentane Market, By Type Market 2019-2024 (Volume/Units)
2.1 N-Pentane Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Isopentane Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Neopentane Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Pentane Market, By Type Market 2019-2024 ($M)
3.1 N-Pentane Market 2019-2024 ($M) - Regional Industry Research
3.2 Isopentane Market 2019-2024 ($M) - Regional Industry Research
3.3 Neopentane Market 2019-2024 ($M) - Regional Industry Research
4.South America Pentane Market, By Type Market 2019-2024 ($M)
4.1 N-Pentane Market 2019-2024 ($M) - Regional Industry Research
4.2 Isopentane Market 2019-2024 ($M) - Regional Industry Research
4.3 Neopentane Market 2019-2024 ($M) - Regional Industry Research
5.Europe Pentane Market, By Type Market 2019-2024 ($M)
5.1 N-Pentane Market 2019-2024 ($M) - Regional Industry Research
5.2 Isopentane Market 2019-2024 ($M) - Regional Industry Research
5.3 Neopentane Market 2019-2024 ($M) - Regional Industry Research
6.APAC Pentane Market, By Type Market 2019-2024 ($M)
6.1 N-Pentane Market 2019-2024 ($M) - Regional Industry Research
6.2 Isopentane Market 2019-2024 ($M) - Regional Industry Research
6.3 Neopentane Market 2019-2024 ($M) - Regional Industry Research
7.MENA Pentane Market, By Type Market 2019-2024 ($M)
7.1 N-Pentane Market 2019-2024 ($M) - Regional Industry Research
7.2 Isopentane Market 2019-2024 ($M) - Regional Industry Research
7.3 Neopentane Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Pentane Market Revenue, 2019-2024 ($M)
2.Canada Pentane Market Revenue, 2019-2024 ($M)
3.Mexico Pentane Market Revenue, 2019-2024 ($M)
4.Brazil Pentane Market Revenue, 2019-2024 ($M)
5.Argentina Pentane Market Revenue, 2019-2024 ($M)
6.Peru Pentane Market Revenue, 2019-2024 ($M)
7.Colombia Pentane Market Revenue, 2019-2024 ($M)
8.Chile Pentane Market Revenue, 2019-2024 ($M)
9.Rest of South America Pentane Market Revenue, 2019-2024 ($M)
10.UK Pentane Market Revenue, 2019-2024 ($M)
11.Germany Pentane Market Revenue, 2019-2024 ($M)
12.France Pentane Market Revenue, 2019-2024 ($M)
13.Italy Pentane Market Revenue, 2019-2024 ($M)
14.Spain Pentane Market Revenue, 2019-2024 ($M)
15.Rest of Europe Pentane Market Revenue, 2019-2024 ($M)
16.China Pentane Market Revenue, 2019-2024 ($M)
17.India Pentane Market Revenue, 2019-2024 ($M)
18.Japan Pentane Market Revenue, 2019-2024 ($M)
19.South Korea Pentane Market Revenue, 2019-2024 ($M)
20.South Africa Pentane Market Revenue, 2019-2024 ($M)
21.North America Pentane By Application
22.South America Pentane By Application
23.Europe Pentane By Application
24.APAC Pentane By Application
25.MENA Pentane By Application
26.Exxon Mobil Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Hcs Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Ineos Group Holding S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Lg Chem Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Maruzen Petrochemical Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Phillips 66 Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Royal Dutch Shell Plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Sk Innovation Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Thai Oil Public Company Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Yeochun Ncc Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)