Portland, OR, April 02, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the Europe pentane market was estimated at $28 million in 2017 and is expected to reach $38.1 million by 2025, growing at a CAGR of 4.1% from 2018-2025. The report provides an extensive analysis of key segments, drivers & opportunities, market size & forecasts, key investment pockets, and competitive scenario.
Growth Drivers and Industry Trends
Increase in demand for pentane from end-user industries, low cost of pentane and its beneficial chemical properties have fueled the growth of the Europe market. On the other hand, strict government regulations towards the use of pentane have happened to curb the growth to some extent. Nevertheless, surge in use of pentane in fuel blending and formulation has created a number of opportunities in the segment.
Request Report Sample at: https://www.alliedmarketresearch.com/request-sample/5202
Segmentation Analysis of the Industry
Based on type, the n-pentane segment accounted for nearly three-fourth of the total market in 2017 and is expected to be dominant throughout the forecast period. This is due to the increase in the demand for chemical intermediates in Europe. These chemical intermediates are used as chemical solvents and electronic cleaning solvents in different end-use industries. By capacity, blowing agents contributed to nearly two-fifth of the total market in 2017, thereby coming out as the largest shareholder in the market. Increasing production of polymer-based compounds such as polyurethane and polystyrene has spurred the growth. By geography, Germany held nearly one-third of the total market share in 2017. Increase in demand of pentanes, which are used as blowing agents in the production of polyurethane & polystyrene foam, has augmented the growth.
Industry Key Players
Key market players discussed in the report include Brenntag, INEOS Group Holdings S.A., HCS Group (Haltermann Carless UK Ltd.), Inventec, Chevron Corporation, Air Liquide S.A., Phillips 66, Exxon Mobil Corporation, and Royal Dutch Shell Plc. They have embraced various strategies including expansion, mergers & acquisitions, collaborations, partnerships, and others to retain their strong position in the industry. The other players in the market comprise ISOLAB Laborgerte GmbH, Molgroup, SCHARR CPC GmbH (Friedrich Scharr AG), Penta Ing. Petr Svec, and Avantor.
Purchase Inquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/5202
About Us:
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.