Europe Pentane Market By Type (n-Pentane, Isopentane and Neopentane); By Applications (Blowing Agent, Chemical Solvent, Electronic Cleansing, Aerosol Propellant and Others); By Region (UK, Germany, France, Spain, Italy and Rest of Europe) – Analysis of market share, size & trends for 2016-19 and forecasts to 2030.
Manufacturing of polyurethane & polystyrene foam which are used in electronic devices to cool electrical parts, pentane is commonly used as a blowing agent. It is often used to tidy electrical parts and machinery employed for mobile devices, vehicles and aerospace & defense. Due to its low boiling point relative to other alternatives, Geothermal Power Plants use pentane in binary cycle systems.
Europe Pentane Market is expected to reach USD XXXX million in 2030 from USD XXXX million in 2019, growing at a CAGR of XX% during the forecast period. The major factors driving the growth of the market are discussed below. Europe’s pentane markets are dominated by numerous end-user applications and demands, such as automotive, aeronautical & security, electrical, petrochemical and pharmaceutical.
Europe Pentane Market: Segments
Volatility of n-pentane
Europe Pentane Market is segmented on the basis of type into n-Pentane, isopentane and neopentane. Due to its high volatility and cost-effectiveness compared with other alternatives, the n-pentane segment captured a major market share in 2019 and is forecasted to grow at fastest rate over the forecast period. n-Pentane is often used as a main component for fuel mixing. In addition, it is used as an aerosol propellant in many cosmetic products and manufacturing aerosol products. As an effective blowing agent for polyurethane and expanded polystyrene foams, it promotes the development of the pentane market in European countries.
Europe Pentane Market: Market Dynamics
Pentane as substitute fuel
The total installed cumulative PV capacity at the end of 2018 amounted to approximately 512 GW, of which approximately 180 GW were utility plants. This was a 27% increase from 2017. Additionally, the capacities, solar photovoltaic generation increased by 31% in 2018 and constituted marginally ahead of wind and hydropower the bigger combined growth generation (+136TWh) of all renewable energy sources. Thus, inducing the demand of pentane market.
Increasing demand for electric vehicles
The transition to electric vehicles is likely to hinder the growth of pentane market during the projected timeframe. In 2017, the government of France declared a full ban on diesel and petrol-powered vehicles and a transition to electricity vehicles by 2040 with the goal of meeting its zero emission targets under the ‘Paris Climate Agreement.
Europe Pentane Market: Region
The Europe Pentane Market is segmented on the basis of regional analysis into six major regions. UK, Germany, France, Spain, Italy and Rest of Europe. Geographically, Germany is expected to dominate the market in Europe over the forecast period, owing to supportive government policies and increasing demand from significant end-users which have a major contribution to the GDP.
• Exxon Mobil Corporation
Key Product Offerings
Key Performance Indicators
· HCS Group
· INEOS Group Holdings S.A.
· Phillips 66
· Chevron Corporation
· ISOLAB Laborgerte GmbH
· Air Liquide S.A.
· Royal Dutch Shell Plc
Europe Pentane Market Report also contains an analysis on:
· Europe Pentane Market by segment:
• By Type
• By Application
• By Region
Rest of Europe
· Europe Pentane Market Size
· Europe Pentane Market Dynamics
· Supply and Demand
· Current Issues/trends/challenges
· Competition and Companies Involved in the Market
· Value Chain of the Market
· Market Drivers and Restraints