Global Pentane Plus Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global pentane plus market in its upcoming report titled, “Global Pentane Plus Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global pentane plus market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global pentane plus market report has been segmented on the basis of type, application, and region.
Pentane plus is a combination of unsaturated hydrocarbons. Pentane plus can be obtained by cracking petroleum fractions at high temperatures. Pentane plus is a clear liquid with a strong gasoline-like odor, highly volatile in nature, and does not mix with water. Also, pentane plus is widely used as a gasoline blending component.
Increasing demand of pentane plus in blending process of ethanol and gasoline coupled with rising demand for gasoline to be used as motor fuels are major factors driving growth of the global pentane plus market. In addition, increasing adoption of pentane plus in various end use applications such as transportation fuel, industrial process, electronic cleaning, etc. and increasing oil & gas exploration and production (E&P) activities globally are other factors expected to propel growth of the global pentane plus market over the forecast period.
However, high costs associated with extraction and processing of pentane plus is a major factor restraining growth of the global pentane plus market. Additionally, various hazards associated with production of pentane plus is another factor expected to hamper growth of the global pentane plus market over the forecast period.
North America market accounted for highest share in terms of revenue in the global market, as compared to markets in other regions. This can be attributed to increasing natural gas production in countries in the region. The market in Asia Pacific is expected to witness considerable growth and is expected to register highest CAGR of XX.X% over the forecast period. Owing to increasing oil & gas production activities and presence of untapped hydrocarbon reserves in the region. The market in Middle East is expected to witness moderate growth in the global market over the forecast period.
Global pentane plus market segmentation:
- Transportation fuel
- Polyurethane Blowing Agent
- Chemical Solvent
- Electronic Cleaning
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Phillips 66 Company
- The Dow Chemical Company
- HCS Group GmbH
- LG Chem Ltd.
- Petrochemical Commercial Company International Ltd.
- Saudi Kayan Petrochemical Company
- Bandar Imam Petrochemical Company Ltd.
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