The ‘India n-Pentane Market, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the India n-Pentane market, assessing the market on the basis of its segments like type, grade, application, and major regions.
India n-Pentane Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 4.6%
The robust growth in demand from end-use sectors such as chemical processing, and electronics is the key driving factor for the growth of the India n-pentane market. N-pentane is widely used as an industrial solvent due to its low cost and easy availability. It is used as a solvent in fertiliser production and as raw material for manufacturing various chemicals and plastics.
Other industrial applications of n-pentane include as a blowing agent in the production process of polystyrene and polyurethane foams, as refrigerant in HVAC systems, and as a process medium for the production of LLDPEs. N-pentane is also a major constituent in aviation and motor fuels. It is used as a laboratory solvent with applications in chromatography and as a medium solvent for polymerisation reactions.
The India n-pentane market, over the forecast period, is further anticipated to be supported by the rising investment of domestic players and various government initiatives to bolster the chemical sector in India. For instance, in 2021 the Government of India launched the Production Linked Incentive (PLI) Scheme for to boost the chemical sector and to increase self-reliance for speciality and fine chemicals.
India n-Pentane Industry Definition and Major Segments
N-Pentane is a highly flammable alkane with the formula C5H12. The compound has a low boiling point due to which n-Pentane is used as a working medium in organic Rankine cycles and geothermal power stations.
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By type, the market is divided into:
• n-Pentane 95 % Purity and More
• Pentane Blends (80/20, 60/40, 50/50)
By grade, the market is categorised into:
• EPS Grade
• PU Grade
• Pharma and Lab Grade
• Others
By application, the market is segmented into:
• Blowing Agent
• Electronic Cleaning
• Chemical Solvent
• Polymerisation (Polyethylene Production)
• Refrigerant
• Others
Based on region, the market is categorised into:
• North India
• South India
• West India
• East India
India n-Pentane Market Trends
N-Pentane is a hydrocarbon with exceptional thermal insulation properties that offer long-term environmental benefits such as no ozone depletion potential (ODP) and very low global warming potential (GWP) at low cost. The robust growth in the polystyrene foam market in India is leading to the increasing demand for n-pentane. The growing application of polystyrene foam due to its insulating properties in the construction industry is anticipated to bolster the demand, thus aiding the growth for the India n-Pentane market.
Additionally, the rising utilisation of high-quality materials for improving the lifespan of residential and commercial buildings against adverse external environmental conditions is also projected to boost the demand for expanded polystyrene. The safety hazards of pentane such as flammability have been successfully controlled by administering protocols and installing reliable security procedures within companies, thereby increasing the usage of pentane.
Furthermore, the usage of n-pentane as refrigerants in electrical equipment such as refrigerators and air conditioners are contributing to the expansion of the India n-Pentane market. N-pentane also finds extensive use as an aerosol propellant in the cosmetics and personal care industries. The demand for aerosol spray and gas dusters has escalated as a result of the personal care industry’s explosive growth, driving the market’s expansion.
Key Market Players
The major players in the Global India n-Pentane Market are :
- Datta Hydro Chem (P) Ltd
- Dongying Liangxin Petrochemical Technology Development Limited Company
- Royal Dutch Shell Plc
- Liaoning Yufeng Chemical Co Ltd
- JS Kem Pte Ltd
- Mitsubishi Gas Chemical Company, Inc.
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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