Global Pentane Plus Market is valued USD XXX billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of XX% over the forecast period 2018-2025.
New York 14 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Pentane Plus market industry is poised to raise USD XXX billion by 2025. Increasing demand of Pentane Plus in blending of gasoline and ethanol. Also, the increasing use of pentane plus as fuel for transportation and rapidly increasing production of shale gas are the major factors driving the growth of Global Pentane Plus Market. Whereas the high processing cost of Pentane Plus and highly flammable characteristic of pentane plus may hinder the growth of the market. Pentane-Plus is a mixture of unsaturated hydrocarbons which is manufactured by cracking petroleum elements at high temperature. It further undergoes distillation to isolate it from pyrolysis gasoline. Pentane Plus is highly volatile and aliphatic in nature, and is insoluble in water. The useful elements of Pentane-Plus are iso-pentane, normal pentane, plant condensates and hexane plus. Pentane-Plus is used in various chemical industries, it is used as an additive for natural heavy crude, in petrol engines, It has high saving potential as it yields thermal insulation properties.
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Global Pentane Plus Market Size study, by Type (n-Pentane, Isopentane, Neopentane), by Application (Transportation fuel, Polyurethane Blowing Agent, Chemical Solvent, Electronic Cleaning, Others) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include include GAIL India Ltd., Exxon Mobil Chemical Company, The Dow Chemical Company, Saudi Basic Industries Corporation, Petrochemical Commercial Company International Ltd., Bandar Imam Petrochemical Company, Boubyan Petrochemical Company, Saudi Kayan Petrochemical Company, Iran Petrochemical Commercial Company, Qatar Petrochemical Company, Phillips 66 Company, HCS Group GmbH, LG Chem Ltd., Hangzhou Yuechen Chemical Co., Ltd., Shijiazhuang Sincere Chemicals Co., Ltd.and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Transportation fuel
- Polyurethane Blowing Agent
- Chemical Solvent
- Electronic Cleaning
- North America
- Asia Pacific
- Latin America
- Rest of the World