Global N-Pentane Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global N-Pentane Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

N-pentane is produced by distillation and refining with carbon penta-distillate oil or light hydrocarbon component oil as raw materials. Liquid at normal temperature and pressure, volatile, flammable, and explosive.

N-pentane is mainly used in various blowing agents, such as phenolic, EPS, etc., and can also be used in chemical products.

Market Overview:

The latest research study on the global N-Pentane market finds that the global N-Pentane market reached a value of USD 227.14 million in 2022. It’s expected that the market will achieve USD 326.0 million by 2028, exhibiting a CAGR of 6.21% during the forecast period.

Increasing construction activity stimulates development of N-Pentane industry

Foaming agents have thermal insulation properties and are most widely used in construction activities. Emerging trends directly affect the development of the foaming agent industry, including the development of fourth-generation foaming agents and the increase in green building insulation materials. The boom in blowing agents is directly related to the recent surge in potential homeowners who have chosen high-performance environmentally friendly technologies for their homes. The use of green technologies has also been incorporated into commercial and office buildings to reduce energy consumption and increase consumer appeal. It can be expected that changes to building codes worldwide will greatly affect the demand for foaming agents. With building improvements and upgrades in the Asia Pacific and Los Angeles areas, and increased construction activity, demand for blowing agent materials will be driven. This will increase the demand for N-Pentane and promote the development of the industry.

Higher manufacturing costs

The content of pentane is about 14% in C5 in the ethylene cracking device, and the total supply is relatively large, but due to the difference in boiling points between the components in the C5 raw material, especially between isopentane and n-pentane, In order to obtain a high-purity pentane product, the investment and energy consumption are large, the separation is relatively difficult, and the cost is relatively high. The difficulty of pentane separation lies in the similar properties of n-pentane and isopentane. In order to improve the purity of pentane product separation and reduce production energy consumption, it is necessary to continuously improve the production process and reduce production costs.

Region Overview:

In 2022, the share of the N-Pentane market in Asia Pacific stood at 42.01%.

Company Overview:

Shell is one of the major players operating in the N-Pentane market, holding a share of 16.23% in 2023.

Shell

Royal Dutch Shell PLC, through subsidiaries, explores, produces, and refines petroleum. The Company produces fuels, chemicals, and lubricants. Royal Dutch Shell owns and operates gasoline filling stations worldwide.

SINOPEC

China Petroleum & Chemical Corporation produces and trades petroleum and petrochemical products. The Company offers gasoline, diesel, jet fuel, kerosene, ethylene, synthetic fibers, synthetic rubber, synthetic resins, and chemical fertilizers. China Petroleum & Chemical markets its products throughout China.

Segmentation Overview:

Among different product types, Pure N-Pentane segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Blowing Agent segment occupied the biggest share from 2018 to 2022.

Key Companies in the global N-Pentane market covered in Chapter 3:

South Hampton Resources
TOP Solvent
SINOPEC
Yufeng Chemical
CNPC
Puyang Zhongwei Fine Chemical
Shell
Sumitomo
Junyuan Petroleum Group
Haltermann Carless
Aeropres Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the N-Pentane market from 2018 to 2029 is primarily split into:

Pure N-Pentane
Pentane Mixture

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the N-Pentane market from 2018 to 2029 covers:

Blowing Agent
Cleaning
Polymerization
Aerosol Propellant
Crude Oil/Bitumen Upgrade

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)