India n-Pentane Market Report and Forecast 2023-2028

India n-Pentane Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the India n-pentane market is projected to grow at a CAGR of 4.6% between 2023 and 2028. Aided by low cost of pentane and rising demand from chemical industries, the market is expected to grow significantly by 2028.

N-pentane, a linear alkane, is a highly volatile, colourless liquid derived from petroleum. It serves as an important element in various products, such as synthetic rubber, polystyrene foam, and other petrochemicals. Besides, n-pentane's excellent solvent properties make it a critical component in industrial cleaning processes and pharmaceuticals.

The increasing demand for polystyrene foam in the packaging industry is a primary driver propelling the India n-pentane market growth. With a surge in the e-commerce sector and an overall increase in the consumption of packaged goods, the demand for high-quality polystyrene foam, an application of n-pentane, has escalated. Moreover, the evolving construction sector has also contributed to the rising popularity of n-pentane due to the extensive use of polystyrene foam in insulation applications.

The versatile applications of n-pentane in various industries also significantly boost India n-pentane market demand. N-pentane serves as an effective solvent in the pharmaceutical industry, enhancing the production efficiency of drugs. Its use in the production of geothermal power due to its low boiling point highlights its critical role in renewable energy generation. Additionally, n-pentane's role as a blowing agent in the manufacturing of polyurethane foams has made it a vital component in the automotive and construction sectors.

Furthermore, the rising demand for eco-friendly and efficient cleaning agents in industrial applications has intensified the focus on n-pentane as a promising solution. The need for effective cleaning agents in food processing units, healthcare facilities, and manufacturing plants has made n-pentane a preferred choice, enhancing India n-pentane market expansion.

In addition, the increasing prominence of n-pentane in laboratories as a non-polar solvent in extractive distillation, coupled with the rising research and development activities, further propels the India n-pentane market growth. Its utilisation in the laboratories for various chemical reactions and as a standard to characterise the performance of an elastomeric seismic isolation bearing emphasises the growing importance of n-pentane.

Market Segmentation

The market can be divided based on type, grade, application, and region.

Market Breakup by Type

• n-Pentane 95% Purity and More
• Pentane Blends (80/20, 60/40, 50/50)

Market Breakup by Grade

• EPS Grade
• PU Grade
• Pharma and Lab Grade
• Others

Market Breakup by Application

• Blowing Agent
• Electronic Cleaning
• Chemical Solvent
• Polymerisation (Polyethylene Production)
• Refrigerant
• Others

Market Breakup by Region

• North India
• West India
• South India
• East India

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the India n-pentane companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Datta Hydro Chem (P) Ltd.
• Dongying Liangxin Petrochemical Technology Development Limited Company
• Royal Dutch Shell Plc.
• Liaoning Yufeng Chemical Co Ltd.
• JS Kem Pte Ltd.
• Mitsubishi Gas Chemical Company, Inc.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.