Global n-Pentane Market: Definition and Introduction
Pentane is an aliphatic hydrocarbon solvent that is classified as pure normal and isopentane. N-pentane is a normal aliphatic hydrocarbon solvent with the molecular formula C5H12. It is a straight chain of five carbons and twelve hydrogen atoms. N-pentane is a constituent of crude oil and a compound that condensates from natural gas production. It is also referred to as amyl hydride and pentane.
The chemical properties of n-pentane include better volatility, relatively higher purity, low odour, fast evaporation rate and narrow boiling range, among others. Moreover, in terms of physical properties, n-pentane is a colourless liquid with a sweet and gasoline odour. In addition, it is a liquid that is insoluble in water, volatile and flammable.
In terms of applications, n-pentane is primarily applicable as an intermediate in polymerisation reactions, as a propellant in aerosols, in low-temperature thermometers and as a blowing agent in foam production (e.g. expandable polystyrene (EPS) and polyurethane (PUR)), and among other applications. Furthermore, n-pentane has value-added properties owing to which it finds a wide range of applications across numerous end-use industries.
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Global n-Pentane Market: Dynamic
The global demand for chemical intermediates is expected to surge in the future due to their penetration in the electronics and chemicals markets. Moreover, n-pentane is expected to witness a significant growth rate from the polymer industry at the regional level. The market for polymer is estimated to grow owing to an increase in the production of polymer-based compounds, such as a polyester polyol, polyethylene, polystyrene, etc., which is expected to ultimately drive the global n-pentane market.
On the other hand, the restricted usage of ODS for solvent cleaning applications is leading to advancements in technology, which has led to the development of aqueous cleaning systems. The material cost for this process is low as water is used in place of traditionally present solvents that are generally expensive. Low toxicity, non-flammable properties, low/non-VOC (volatile organic compound) content and low odour are some of the inherent advantages of aqueous cleaning solutions, which n-pentane does not possess. These factors are likely to hamper the growth of the n-pentane market.
However, the increasing interest of industry participants in the launching of new products or product development is expected provide growth opportunities for the manufacturers of n-pentane during the forecast period.
Global n-Pentane Market: Segmentation
The global n-pentane market is segmented on the basis of product type, applications and regions as given below.
On the basis of product type, the global n-pentane market can be segmented as follows:
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On the basis of applications, the global n-pentane market can be segmented as follows:
Global n-Pentane Market: Regional outlook
Geographically, the global n-pentane market can be segmented into seven key regions, which include South East Asia Pacific, North America, Latin America, Japan, Europe, China and Japan. Rapid economic growth will continue to fuel the demand for n-pentane in the developed regions, i.e. North America and Europe. South East Asia Pacific is in a growing phase, which is boosting the market share of the region in the global n-pentane market. Hence, South East Asia Pacific and China are estimated to register significant growth in the global n-pentane market by the end of the forecast period.
Moreover, increased capital spending by private as well as government sectors is leading to an increase in the demand for chemicals for end-use applications, which is, in turn, driving the demand for n-pentane in the Middle East & Africa region. The high potential that exists in the oil & gas sector of the region is expected to have a positive impact on the n-heptane market.
Global n-Pentane Market: Key Players
The global n-pentane market expected to be fragmented due to the presence of a large number of international and local market players. Some of the n-pentane market participants identified across the value chain of the global n-pentane market are Chevron Phillips Chemical Company LP; Shell; ExxonMobil Chemical; TOP Solvent Co., Ltd.; Jun Yuan Petroleum Group; SOUTH HAMPTON RESOURCES; Aeropres Corporation; Diversified CPC International and LG Chem.
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