Europe Pentane Market to Reach $38.1 Million, by 2025 at 4.1% CAGR: Allied Market Research

Increase in demand from end user industries and surge in adoption of pentane due to its chemical properties facilitate the growth in the Europe pentane market

News provided by

Allied Market Research

Apr 15, 2019, 08:15 ET

PORTLAND, Oregon, April 15, 2019 /PRNewswire/ -- Allied Market Research published a report, titled, "Europe Pentane Market by Type (n-pentane, Isopentane, and Neopentane) and Application (Blowing Agent, Chemical Solvent, Electronic Cleansing, and Others): Opportunity Analysis and Industry Forecast, 2018–2025." The report provides a detailed analysis of key investment pockets, drivers & opportunities, value chain, major segments, and competitive intelligence. According to the report, the Europe pentane market garnered $28 million in 2017 and is expected to reach $38.1 million by 2025, growing at a CAGR of 4.1% from 2018 to 2025.

Increase in demand from end user industries and surge in adoption of pentane due to its chemical properties facilitate the growth in the market. However, stringent regulatory policies restrain the market growth. On the other hand, rise in adoption in fuel blending and formation create new opportunities in the industry.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5202

n-pentane segment to remain dominant during the forecast period

Based on type, the n-pentane segment held the major market share, contributing nearly three-fourth of the total market share in 2017 and is estimated to remain dominant during the forecast period. This is due to surge in adoption of chemical intermediates for its usefulness as chemical solvents and electronic cleaning solvents in various industries. However, the Isopentane segment would grow at the highest CAGR of 5.4% from 2018 to 2025, owing to rapid demand for usage in binary cycle systems at the geothermal power stations for operating turbines.

Blowing agents segment to maintain its lead position throughout the forecast period

Based on capacity, the blowing agents segment accounted for nearly two-fifth of the total share in 2017 and is expected to maintain its lead position throughout the forecast period. This is due to surge in production of polymer-based compounds including polystyrene and polyurethane. However, the electronic cleansing segment is expected to grow at a CAGR of 4.9% from 2018 to 2025, owing to rise in demand for electronic components from end-use industries including aerospace & defense, automobile, and consumer electronics.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/5202

Germany to maintain its dominant position in terms of revenue by 2025

Germany contributed to nearly one-third of the total share in 2017 and will maintain its dominant position in terms of revenue by 2025. This is due to the surge in demand as blowing agents for manufacturing polyurethane & polystyrene foams for usage as cushioning materials in vehicle seats and home furnishings. However, Italy is expected to register the highest CAGR of 5.2% from 2018 to 2025, owing to significant increase in demand as a solvent for manufacturing various chemicals.

Leading market players

Leading market players analyzed in the research include Exxon Mobil Corporation, INEOS Group Holdings S.A., HCS Group (Haltermann Carless UK Ltd.), Phillips 66, Air Liquide S.A., Chevron Corporation, Royal Dutch Shell Plc., Brenntag, and Inventec.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Polyurethane Foam Insulation Materials Market - Global Opportunity Analysis and Industry Forecast, 2015-2023

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com