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Pentane Market 2019 Global Industry Size, Share, Forecasts Analysis by 2025
by srushtih · June 11, 2019
The Europe pentane market size in 2017 was $28 million and it is anticipated to reach $38.1 million by 2025, registering a CAGR of 4.1% from 2018 to 2025.
Pentane is widely used as a blowing agent in the production of polyurethane & polystyrene foam Noah Fant Jersey , which is used in electronic appliances for cooling of electrical components. It is also used in electronic cleansing of electronic component and equipment used in electronic appliances, automobiles, and aerospace & defense. Geothermal power stations use pentane in binary cycle systems, owing to its lower boiling point as compared to other substitutes. There is an increase in the industrial applications such as pharmaceutical, petrochemical Royce Freeman Jersey , and paints & coatings of pentane, owing to its advantages as a chemical solvent. It offers cleaner extracts as compared to other alkanes. It is also available at low cost as compared to other chemical compounds. It exhibits low boiling point. These advantages of pentane boost its adoption in different applications throughout Europe.
The Europe pentane markets is driven by its applications and demand from end users, which include automotive, aerospace & defense, electronics Courtland Sutton Jersey , energy and pharmaceutical, petrochemical, and paints & coatings. Low cost and low boiling point of the compound, along with its associated advantages drive the growth of the Europe pentane market. Moreover, increased usage of pentane in fuel blending and formulation and as blowing agent for polyurethane and polystyrene foam is anticipated to create significant opportunities for these industries to employ pentane products. Furthermore Bradley Chubb Jersey , growth in demand for pentane as chemical solvent from chemical industries, petrochemical, pharmaceutical, and paint & coatings industries are expected to drive the growth of the Europe pentane market.