The North America Pentane Market would witness market growth of 3.4% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 28,813.9 Tonnes, showcasing a growth of 3.1% (2019-2022).
Pentane, denoted by the chemical formula C5H12, is an organic compound composed of five carbon atoms combined in a solitary bond. It is a hydrocarbon with a gasoline-like odor and is burnt as fuel. The compound has several industrial uses, including creating a blowing agent to form polystyrene further. The growth of the market is driven by an increase in demand for the compound from various end-user industries, the low cost of the compound, and its beneficial chemical properties, including higher strength and superior volatility compared to other alkanes.
Moreover, the compound belongs to the alkane family of hydrocarbons, characterized by its straight-chain structure and five carbon atoms. It exists in three isomeric forms: n-pentane, isopentane, and neopentane, each possessing distinct chemical properties. This colorless, volatile liquid is highly flammable, making it a critical component in various industrial processes. As a saturated hydrocarbon, the compound lacks double bonds between carbon atoms, contributing to its stability and versatility. Moreover, an increase in the usage of the compound in fuel blending and formulation is expected to create opportunities for the end-user industries to generate more polystyrene to make insulation materials.
According to the US Energy Information Administration, the United States is the world leader in geothermal electricity generation. In 2022, there were geothermal power plants in seven states, which produced about 17 billion kilowatt hours (kWh) (or 17,002,000 megawatt-hours). This was equal to about 0.4% of total US utility-scale electricity generation. The compound is a hydrocarbon with a lower environmental impact than certain traditional blowing agents. If there is a growing emphasis on sustainability and environmental responsibility in the geothermal energy sector, using the compound in binary systems aligns with these goals. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The US market dominated the North America Pentane Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $39,077.3 Thousands by 2030. The Canada market is experiencing a CAGR of 5.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 4.8% during (2023 - 2030).
Based on Type, the market is segmented into n-Pentane, Isopentane and Neopentane. Based on Application, the market is segmented into Blowing Agent, Chemical Solvent, Electronic Cleansing and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Pentane Market is Predict to reach $153 Million by 2030, at a CAGR of 4.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include HCS Group GmbH (INTERNATIONAL CHEMICAL INVESTORS HOLDING SE), Junyuan Petroleum Group, Shell plc, Thai Oil Public Company Limited (PTT Public Company Limited), Exxon Mobil Corporation, LG Chem Ltd. (LG Corporation), Chevron Phillips Chemical Company LLC, China Petrochemical Corporation (Sinopec Group) and TRECORA (Balmoral Funds)
Scope of the Study
Market Segments Covered in the Report:
By Type (Volume, Tonnes, USD Million, 2019-2030)
- n-Pentane
- Isopentane
- Neopentane
By Application (Volume, Tonnes, USD Million, 2019-2030)
- Blowing Agent
- Chemical Solvent
- Electronic Cleansing
- Others
By Country (Volume, Tonnes, USD Million, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- HCS Group GmbH (INTERNATIONAL CHEMICAL INVESTORS HOLDING SE)
- Junyuan Petroleum Group
- Shell plc
- Thai Oil Public Company Limited (PTT Public Company Limited)
- Exxon Mobil Corporation
- LG Chem Ltd. (LG Corporation)
- Chevron Phillips Chemical Company LLC
- China Petrochemical Corporation (Sinopec Group)
- TRECORA (Balmoral Funds)
TABLE 1 North America Pentane Market, 2019 - 2022, USD Thousands
TABLE 2 North America Pentane Market, 2023 - 2030, USD Thousands
TABLE 3 North America Pentane Market, 2019 - 2022, Tonnes
TABLE 4 North America Pentane Market, 2023 - 2030, Tonnes
TABLE 5 North America Pentane Market by Type, 2019 - 2022, USD Thousands
TABLE 6 North America Pentane Market by Type, 2023 - 2030, USD Thousands
TABLE 7 North America Pentane Market by Type, 2019 - 2022, Tonnes
TABLE 8 North America Pentane Market by Type, 2023 - 2030, Tonnes
TABLE 9 North America n-Pentane Market by Country, 2019 - 2022, USD Thousands
TABLE 10 North America n-Pentane Market by Country, 2023 - 2030, USD Thousands
TABLE 11 North America n-Pentane Market by Country, 2019 - 2022, Tonnes
TABLE 12 North America n-Pentane Market by Country, 2023 - 2030, Tonnes
TABLE 13 North America Isopentane Market by Country, 2019 - 2022, USD Thousands
TABLE 14 North America Isopentane Market by Country, 2023 - 2030, USD Thousands
TABLE 15 North America Isopentane Market by Country, 2019 - 2022, Tonnes
TABLE 16 North America Isopentane Market by Country, 2023 - 2030, Tonnes
TABLE 17 North America Neopentane Market by Country, 2019 - 2022, USD Thousands
TABLE 18 North America Neopentane Market by Country, 2023 - 2030, USD Thousands
TABLE 19 North America Neopentane Market by Country, 2019 - 2022, Tonnes
TABLE 20 North America Neopentane Market by Country, 2023 - 2030, Tonnes
TABLE 21 North America Pentane Market by Application, 2019 - 2022, USD Thousands
TABLE 22 North America Pentane Market by Application, 2023 - 2030, USD Thousands
TABLE 23 North America Pentane Market by Application, 2019 - 2022, Tonnes
TABLE 24 North America Pentane Market by Application, 2023 - 2030, Tonnes
TABLE 25 North America Blowing Agent Market by Country, 2019 - 2022, USD Thousands
TABLE 26 North America Blowing Agent Market by Country, 2023 - 2030, USD Thousands
TABLE 27 North America Blowing Agent Market by Country, 2019 - 2022, Tonnes
TABLE 28 North America Blowing Agent Market by Country, 2023 - 2030, Tonnes
TABLE 29 North America Chemical Solvent Market by Country, 2019 - 2022, USD Thousands
TABLE 30 North America Chemical Solvent Market by Country, 2023 - 2030, USD Thousands
TABLE 31 North America Chemical Solvent Market by Country, 2019 - 2022, Tonnes
TABLE 32 North America Chemical Solvent Market by Country, 2023 - 2030, Tonnes
TABLE 33 North America Electronic Cleansing Market by Country, 2019 - 2022, USD Thousands
TABLE 34 North America Electronic Cleansing Market by Country, 2023 - 2030, USD Thousands
TABLE 35 North America Electronic Cleansing Market by Country, 2019 - 2022, Tonnes
TABLE 36 North America Electronic Cleansing Market by Country, 2023 - 2030, Tonnes
TABLE 37 North America Others Market by Country, 2019 - 2022, USD Thousands
TABLE 38 North America Others Market by Country, 2023 - 2030, USD Thousands
TABLE 39 North America Others Market by Country, 2019 - 2022, Tonnes
TABLE 40 North America Others Market by Country, 2023 - 2030, Tonnes
TABLE 41 North America Pentane Market by Country, 2019 - 2022, USD Thousands
TABLE 42 North America Pentane Market by Country, 2023 - 2030, USD Thousands
TABLE 43 North America Pentane Market by Country, 2019 - 2022, Tonnes
TABLE 44 North America Pentane Market by Country, 2023 - 2030, Tonnes
TABLE 45 US Pentane Market, 2019 - 2022, USD Thousands
TABLE 46 US Pentane Market, 2023 - 2030, USD Thousands
TABLE 47 US Pentane Market, 2019 - 2022, Tonnes
TABLE 48 US Pentane Market, 2023 - 2030, Tonnes
TABLE 49 US Pentane Market by Type, 2019 - 2022, USD Thousands
TABLE 50 US Pentane Market by Type, 2023 - 2030, USD Thousands
TABLE 51 US Pentane Market by Type, 2019 - 2022, Tonnes
TABLE 52 US Pentane Market by Type, 2023 - 2030, Tonnes
TABLE 53 US Pentane Market by Application, 2019 - 2022, USD Thousands
TABLE 54 US Pentane Market by Application, 2023 - 2030, USD Thousands
TABLE 55 US Pentane Market by Application, 2019 - 2022, Tonnes
TABLE 56 US Pentane Market by Application, 2023 - 2030, Tonnes
TABLE 57 Canada Pentane Market, 2019 - 2022, USD Thousands
TABLE 58 Canada Pentane Market, 2023 - 2030, USD Thousands
TABLE 59 Canada Pentane Market, 2019 - 2022, Tonnes
TABLE 60 Canada Pentane Market, 2023 - 2030, Tonnes
TABLE 61 Canada Pentane Market by Type, 2019 - 2022, USD Thousands
TABLE 62 Canada Pentane Market by Type, 2023 - 2030, USD Thousands
TABLE 63 Canada Pentane Market by Type, 2019 - 2022, Tonnes
TABLE 64 Canada Pentane Market by Type, 2023 - 2030, Tonnes
TABLE 65 Canada Pentane Market by Application, 2019 - 2022, USD Thousands
TABLE 66 Canada Pentane Market by Application, 2023 - 2030, USD Thousands
TABLE 67 Canada Pentane Market by Application, 2019 - 2022, Tonnes
TABLE 68 Canada Pentane Market by Application, 2023 - 2030, Tonnes
TABLE 69 Mexico Pentane Market, 2019 - 2022, USD Thousands
TABLE 70 Mexico Pentane Market, 2023 - 2030, USD Thousands
TABLE 71 Mexico Pentane Market, 2019 - 2022, Tonnes
TABLE 72 Mexico Pentane Market, 2023 - 2030, Tonnes
TABLE 73 Mexico Pentane Market by Type, 2019 - 2022, USD Thousands
TABLE 74 Mexico Pentane Market by Type, 2023 - 2030, USD Thousands
TABLE 75 Mexico Pentane Market by Type, 2019 - 2022, Tonnes
TABLE 76 Mexico Pentane Market by Type, 2023 - 2030, Tonnes
TABLE 77 Mexico Pentane Market by Application, 2019 - 2022, USD Thousands
TABLE 78 Mexico Pentane Market by Application, 2023 - 2030, USD Thousands
TABLE 79 Mexico Pentane Market by Application, 2019 - 2022, Tonnes
TABLE 80 Mexico Pentane Market by Application, 2023 - 2030, Tonnes
TABLE 81 Rest of North America Pentane Market, 2019 - 2022, USD Thousands
TABLE 82 Rest of North America Pentane Market, 2023 - 2030, USD Thousands
TABLE 83 Rest of North America Pentane Market, 2019 - 2022, Tonnes
TABLE 84 Rest of North America Pentane Market, 2023 - 2030, Tonnes
TABLE 85 Rest of North America Pentane Market by Type, 2019 - 2022, USD Thousands
TABLE 86 Rest of North America Pentane Market by Type, 2023 - 2030, USD Thousands
TABLE 87 Rest of North America Pentane Market by Type, 2019 - 2022, Tonnes
TABLE 88 Rest of North America Pentane Market by Type, 2023 - 2030, Tonnes
TABLE 89 Rest of North America Pentane Market by Application, 2019 - 2022, USD Thousands
TABLE 90 Rest of North America Pentane Market by Application, 2023 - 2030, USD Thousands
TABLE 91 Rest of North America Pentane Market by Application, 2019 - 2022, Tonnes
TABLE 92 Rest of North America Pentane Market by Application, 2023 - 2030, Tonnes
TABLE 93 Key Information – HCS Group GmbH
TABLE 94 Key Information – Thai Oil Public Company Limited
TABLE 95 Key Information – Trecora
TABLE 96 Key Information – Shell plc
TABLE 97 Key Information – Exxon Mobil Corporation
TABLE 98 key information – LG Chem Ltd.
TABLE 99 Key Information – Chevron Phillips Chemical Company LLC
TABLE 100 Key Information – China Petrochemical Corporation
TABLE 101 Key Information – Junyuan Petroleum Group
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Pentane Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting Pentane Market
FIG 4 Porter’s Five Forces Analysis – Pentane Market
FIG 5 North America Pentane Market Share by Type, 2022
FIG 6 North America Pentane Market Share by Type, 2030
FIG 7 North America Pentane Market by Type, 2019 - 2030, USD Thousands
FIG 8 North America Pentane Market Share by Application, 2022
FIG 9 North America Pentane Market Share by Application, 2030
FIG 10 North America Pentane Market by Application, 2019 - 2030, USD Thousands
FIG 11 North America Pentane Market Share by Country, 2022
FIG 12 North America Pentane Market Share by Country, 2030
FIG 13 North America Pentane Market by Country, 2019 - 2030, USD Thousands
FIG 14 SWOT Analysis: Shell plc
FIG 15 SWOT Analysis: Exxon Mobil Corporation
FIG 16 Swot Analysis: LG Chem Ltd.
FIG 17 SWOT Analysis: Chevron Phillips Chemical Company LLC
FIG 18 Swot Analysis: China Petrochemical Corporation