Global Pentanol Market Forecast, Trend Analysis And Competition Tracking - Market insights 2015 to 2031

Pentanol Market Introduction

Demand for Pentanol from 2015 to 2020 Vs. Future Market Projections for 2021-2031

From 2015 to 2020, sales of pentanol have increased at a stable rate, expanding over 6.3% CAGR.

Pentanol is a colorless and flammable liquid with a distinctive odor that can be prepared by fractional distillation of fusel oil.  It is a type of alcohol with five carbon atoms with the molecular formula C5H11OH. Pentanol can be used as a solvent for coating CDs and DVDs. The common uses of pentanol include coating additives, lubricants, food additives, chemical intermediates, pharmaceuticals, etc.

Increasing demand for pentanol from several end-use industries such as pharmaceuticals, cosmetics, food and beverages, etc., is expected to fuel the demand for pentanol over the forecast period. In addition, increasing usage of cosmetics and personal care products among several age groups is expected to gain traction for the target market. Pentanol is used as an emulsifying agent in cosmetics, paints, wax removers, and dry-cleaning soaps, is also expected to positively impact the revenue growth for the target industry.

However, the recent COVID-19 pandemic has severely disrupted the entire chemicals industry. The supply of pentanol and its raw materials, mainly from China, were considerably impeded due to stringent trade regulations imposed by several economies across the globe. The second quarter of 2020 was also at a negative phase with a significant gap in demand and supply.

Synonyms for Pentanol

Global Pentanol Market Revenue Outlook:

The global pentanol market was valued at over US$ 1.2 Bn in 2020 and is projected to register а САGR of over 6.3% by 2031.

Nonetheless, various industry players in the global pentanol market are now increasing their focus towards the establishment of successful collaborations, acquisitions, and joint venture activities as a means to enhance their respective customer bases. In doing so, these players are also increasing their supply capabilities to meet customer requirements on a local and global scale. This factor, paired with promising industrialization prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, Indonesia, etc., are expected to create massive business opportunities for key players over the forecast period.

Target Products with Applications

Strict government rules & regulations regarding manufacturing, registration, transportation, etc. of hazardous chemicals and the increasing number of regulatory approvals imposed by regulatory agencies such as REACH, ECHA, etc., may deter the entry of smaller-sized entrants to this target market. In addition, pentanol is toxic that may cause skin rash and severe eye irritation through ingestion and intraperitoneal routes. It can react with oxidizing substances and may catch fire when exposed to heat or open flame. Exposure to heat or open flame may cause a serious explosion hazard. This factor is expected to restrain the revenue trajectory of this target market considerably.

COVID-19 Impact Analysis

The outbreak of COVID-19 has impacted several manufacturing operations and the global supply chain of the chemical industry. It is expected to cause significant economic damage, resulting in a recession and high inflation rates. The pandemic also disrupted the import and export of many chemicals between continents and countries. The chemical sector will continue confronting sustained challenges on account of the labor shortage and hampered logistics movement even after lockdown is relaxed. End-use industries like oil  &  gas, textile, paints and coatings, etc., have faced severe financial loss during the lockdown.  This is also another factor that is expected to hamper the revenue growth for these industries.

Regulatory Framework for Pentanol

Opportunities for the Global Pentanol Market

The use of pentanol in food and beverages, textiles, cosmetics, chemicals, automobiles, and other end-use industries is proliferating, particularly in developing regions. The growing use of amyl alcohol is expected to increase revenue growth opportunities for various major players and new entrants operating in the chemical industry. This factor is expected to create several new opportunities for revenue growth for this target market.

Market Dynamics

The Global Pentanol Market is segmented on product type, end-use and region.  The 1-Pentanol segment is estimated to account for a 47.1% revenue share in 2020, with a CAGR of 7.1% during the forecast period. Among the end-use segment, the chemicals segment is estimated to be the most lucrative segment in the global pentanol market, with an attractiveness index of 4.0 and a projected CAGR of 7.9%.

Regional Analysis:

The Asia-Pacific region in the global pentanol market is expected to account for a significant share. The region is also anticipated to register the highest growth rates over the forecast period. APAC is estimated to be the most lucrative market in the global pentanol market with an attractiveness index of 5.0 and is expected to register a CAGR of 6.9%. Increasing growth of end-use industries, including chemicals, pharmaceuticals, food and beverages, and others, particularly in China and India, are expected to be the key contributing factors. The stable growth of these countries and increasing investments in chemicals projects are estimated to provide a balanced growth in the coming years.

Competitive Landscape:

The Pentanol market landscape appears highly consolidated, with a major chunk of it being dominated by players with their base in Asia-Pacific.

• BASF SE
• Dow Inc.
• Thermo Fisher Scientific, Inc.
• Evonik Industries AG
• Eastman Chemical Company
• Tokyo Chemical Industry (TCI) Co., Ltd.
• Henan Tianfu Chemical Co., Ltd.
• Yufeng International Co., Ltd.
• Otto Chemie Pvt Ltd.
• Yufeng International Co., Ltd.
• Zhejiang Huanxin Fluoro Material Co., Ltd.
• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Segments Covered

Pentanol Market, By Product Type

• 1-Pentanol
• 2-Pentanol
• 3-Pentanol
• Other Product Types

Pentanol Market, By End-Use

• Flavors and Fragrances
• Pharmaceutical
• Chemical
• Automotive
• Textile
• Other End-Uses