Global N-Pentane Market Size is Expected to Grow to $345.11 Million by 2028

Global N-Pentane Market Overview

According to Global Market Monitor, the global N-pentane market size will reach $267.49 million in 2023 and is expected to grow to $345.11 million by 2028.

N-pentane is a hydrocarbon that consists of five carbon atoms. It is used as a solvent and an intermediate in the production of other chemicals. It is colorless and flammable and used as a popular alternative to gasoline and diesel fuel in aircraft. N-pentane is also used as a solvent in the manufacturing of plastics, paints, and other materials.

Market Trends

With the applications of N-pentane expanding, the study of it is deepening. In recent years, N-pentane has developed in the direction of specialization, serialization, functionalization, and high quality. The difficulty of pentane separation lies in the similar properties of N-pentane and isopentane. The investment and energy consumption are large, the separation is relatively difficult, and the cost is high to obtain a high-purity pentane. To improve the purity of the product separation and reduce energy consumption, it is necessary to continuously improve the production process and reduce costs.

Asia Pacific Dominated the Market.

Asia Pacific led the N-Pentane market with a share of 42.01% in 2022. The region is expected to witness high demand for N-pentane as an aerosol propellant, electronic cleaning solvent, chemical solvent, and blowing agent over the forecast period. Rapid industrialization coupled with increasing automobile production in China, India, and Japan is likely to drive product demand over the coming years. Foaming agents have thermal insulation properties and are most widely used in construction activities. With the building improvements and upgrades in the Asia Pacific and the increasing construction activities, demand for blowing agent materials will be driven. This will increase the demand for N-pentane and promote the development of the industry. N-Pentane companies are mainly from Asia Pacific and the industry concentrate rate is high. The top three companies are Shell, SINOPEC, and CNPC with market shares of 16.23%, 10.57%, and 9.89% in 2022.

Europe is expected to grow at a slower pace than other regions owing to stringent environmental regulations in some countries such as Germany and France. However, the region will still be one of the key markets for N-pentane due to increasing product demand from the aerospace and defense industry.

By type	Pure N-Pentane
	Pentane Mixture
By application	Blowing Agent
	Cleaning
	Polymerization
	Aerosol Propellant
	Crude Oil/Bitumen Upgrade
By region	North America
	Europe
	Asia Pacific
	Central & South America
	Middle East & Africa
	Asia Pacific led the N-Pentane market with a share of 42.01% in 2022. Europe will grow at a slower pace than other regions. North America will witness a rapid growth.

For more industry information, please refer to our latest released "China N-Pentane Industry Market Research Report 2023-2029".