According to published report by Allied Market Research “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”, As per the report, Europe Pentane Market was over USD 28 million in 2017 and will to hit USD 38.1 million by 2025, growing at a CAGR of 4.1% from 2018 to 2025, Allied Market Research published a report.

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.

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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.

Europe Pentane Market, By Application

1. Blowing Agent
2. Chemical Solvent
3. Electronic Cleansing
4. Others

Europe Pentane Market, By Type

  1. n-pentane
    2. Isopentane
    3. Neopentane

    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 Europe Pentane Market.

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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 analyzed in the Europe Pentane Market 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.

COVID-19 impact analysis

The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.

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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.

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