Pentane Market Overview:
Pentane is an organic compound that consists of five carbon atoms bonded together to form a single bond. It is a hydrocarbon that smells like gasoline and burns as fuel. Pentane has several industrial uses, for example, it is used to create a foaming agent to form polystyrene. Pentane is a highly volatile, colorless and flammable liquid compound used in petroleum spirits. The high volatility of the pentane compound causes rapid evaporation, which propels the presence of VOCs in the air, resulting in pollution. As a result, several governments around the world have established strict standards on management and use to control their adverse effects on health and the environment. It has three key isomeric forms, n-pentane, isopentane and neopentane.
Browse More information of the report and TOC @ https://www.researchcosmos.com/reports/global-pentane-market-analysis-2012-2017-and-forecast-2018-2023/9679478
The global Pentane market will reach xxx Million USD by 2023 growing at a CAGR of xx% during the forecast period 2018 to 2023.
Pentane Market Drivers and Restraints:
The pentane market is constantly growing all over the world. This is attributed to the fact that the 20th century witnessed the rapid adoption of the automobile, which in turn propelled the consumption of fuel. Pentane is an essential ingredient in gasoline blends. Thus, the increase in the demand for gasoline increases the consumption of pentane. In addition, pentane is widely used as a foaming agent for polyurethane and polystyrene. The increase in consumer disposable income and changes in lifestyle boosted the growth of the household appliances sector, which stimulated the use of polyurethane and polystyrene foam for the insulation of refrigeration appliances. In addition, pentane is used as a refrigerant in the refrigeration and air conditioning units, which is one of the main factors that drive its demand in the household appliance sector. Therefore, the development of the appliance industry has significantly increased pentane consumption and is expected to provide growth opportunities for the global pentane market.
Pentane Market Geographical Segmentation:
On the basis of geography, the market is primarily segmented into regions such as in North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America posted the highest sales in 2016 due to an increase in the number of production trucks in the United States, which in turn is expected to stimulate demand for foam-based products. It is expected that the greater adoption of polymer foams in the main consumer industries and the high demand of foaming agents in the manufacture of PU foams will accelerate the growth of the North American market. Asia-Pacific region is estimated to witness significant growth throughout 2023, with 6.1% CAGR. In the global market, India is estimated to grow at a pace of 7.6% CAGR, in terms of value.
Avail Sample of the report @ https://www.researchcosmos.com/request/global-pentane-market-analysis-2012-2017-and-forecast-2018-2/9679478
Key Players of Pentane Market:
Phillips 66 Company, Royal Dutch Shell PLC, TOP Solvent Co., Ltd., ExxonMobil Corporation, INEOS AG, Haltermann Carless UK Ltd., SK Innovation Co., Ltd., LG Chem Ltd., Maruzen Petrochemical Co., Ltd. and Yeochun NCC Co., Ltd. are the prominent players of the Global Pentane Market.
Inquire more about the report @ https://www.researchcosmos.com/inquire/global-pentane-market-analysis-2012-2017-and-forecast-2018-2/9679478
About Research Cosmos:
Client requirement being the initial priority, Research Cosmos offers the highest standard of market research, business intelligence and consulting services to almost every industry of the world. We integrate our portal with the content of publishing giants of the world to offer a humungous range of market reports that can serve the purposes of different customers, including the fortune listed companies. We provide both syndicated and customized reports, covering all the prominent aspects of different industries.
Media ContactCompany Name: Research CosmosContact Person: Kevin StewartEmail: Send EmailPhone: 1-888-709-8757Address:4390 U.S 1, Suite 211 City: PrincetonState: New JerseyCountry: United StatesWebsite: https://www.researchcosmos.com/reports/global-pentane-market-analysis-2012-2017-and-forecast-2018-2023/9679478
