Global Pentane Plus Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

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:

By Type:

• n-Pentane
• Isopentane
• Neopentane

By Application:

• Transportation fuel
• Polyurethane Blowing Agent
• Chemical Solvent
• Electronic Cleaning
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa