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Europe Pentane Market by Type (n-pentane, Isopentane, and Neopentane) and Application (Blowing Agent, Chemical Solvent, Electronic Cleansing, and Others): Opportunity Analysis and Industry Forecast, 2018 - 2025

MA_195202
Pages: 125
Mar 2019 | 590 Views
 
Author(s) : Abhijith Yenduri and Onkar Sumant
Tables: 64
Charts: 34
 

Europe pentane market outlook - 2025

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, 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, 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.

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The Europe pentane markets is driven by its applications and demand from end users, which include automotive, aerospace & defense, electronics, 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, 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. In addition, increase in production and sale of electronic components and equipment due to surge in demand from aerospace & defense, and automotive & consumer electronics industries as pentane is used as solvent in electronic cleansing is anticipated to increase the demand of pentane across Europe. I0n addition, increase in disposable income and rise in living standards of individuals across Europe boosts the demand for air conditioners and refrigerators. This in turn increases the consumption of pentane across Europe as pentane and its by products are used as refrigerants. This is anticipated to increase the Europe pentane market share in the global pentane market. However, stringent government regulations toward the usage of pentane due its high volatility and hazardous effect on human health and environment is expected to impede the Europe pentane market growth.

The Europe pentane market is segmented based on type, application, and region. Based on type, the Europe pentane market is divided into n-pentane, isopentane, and neopentane. Based on application, the Europe pentane market is classified into blowing agent, chemical solvent, electronic cleansing, and others. Based on region, the Europe pentane market is analyzed across various country level markets.

The major key players operating in the pentane market include Exxon Mobil Corporation, HCS Group (Haltermann Carless UK Ltd.), INEOS Group Holdings S.A., Air Liquide S.A., Phillips 66, Royal Dutch Shell Plc., Chevron Corporation, Brenntag and Inventec. Other players operating in the Europe pentane market include the Molgroup, Penta Ing. Petr Svec, Avantor, ISOLAB Laborgerte GmbH, and SCHARR CPC GmbH (Friedrich Scharr AG). These players are adopting various strategic moves to exploit Eur0ope pentane market growth.

Europe Pentane Market, by region

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Based on region, Germany accounts for major share in the Europe pentane market, favorable governmental initiatives toward economic development by promoting development in industrial and manufacturing sector and rise in investment in energy sector to meet the growing energy demands increases the importance of pentane. In addition, economic development drives urbanization and industrialization, which has positive impact on the Europe pentane market. Growth in industrial & manufacturing activities, such as increase in production of automobiles and defense equipment provide significant growth opportunities for the Europe pentane market as pentane blown polyurethane and polystyrene foams are used for cooling of electronic components incorporated in machines. Furthermore, growth in construction industry contributes around 9% to Europe GDP. Polymer-based compounds such as polyurethane and polystyrene find significant applications in the construction industry. These compounds are used as building materials, insulation materials, sealants, and adhesives. Pentanes act as blowing agent for polystyrene and polyurethane. The demand for pentane is expected to rise significantly due to growth of construction industry across Europe.

Europe Pentane market, by Type

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Based on type, the n-pentane segment dominated the market in 2017, owing to its high volatility and low cost as compared to other substitutes. Moreover, it is used as a key element for blending of gasoline. Furthermore, it is used in various personal care and industrial aerosol products as an aerosol propellant. It serves as an essential blowing agent for polyurethane and expanded polystyrene foams thereby driving growth of Europe pentane market.

Europe Pentane market, by Application

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Based on application, the blowing agent segment dominated the market in 2017. Pentane is the stimulus and key component in the foaming process of the polyurethane material, owing to its use as cushioning materials in home furnishings and vehicle seats. Expanded polystyrene (EPS) foam is applied for the insulation of household and commercial appliances, cooling containers, for formulation of boards and panels, pipes, and other similar applications. In addition, polyurethane foams are durable and lightweight and are hence used in the production of seats, armrests, and headrests for most of the cars. Thus, the growth in the automotive industry is expected to increase the demand for polyurethane foams, which is anticipated to fuel the need of Europe pentane market. A blowing agent, properly formulated for a specific application, is a key requirement to maximize the thermal and physical product characteristics.

Key Benefits for Europe pentane market:

  • Porters five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Europe pentane market trends has been analyzed on the various qualitative and quantitative parameters
  • It outlines the Europe Pentane market size, current trends and future scenario of the market from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.
  • Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • Europe Pentane market analysis includes key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
  • The profiles of key players along with their key strategic developments are enlisted in the report.

Europe pentane Key Market Segments:

By Type

  • n-pentane
  • Isopentane
  • Neopentane

By Application

  • Blowing Agent
  • Chemical Solvent
  • Electronic Cleansing
  • Others

By Region

  • Europe
    • Germany
    • France
    • Spain
    • Italy
    • UK
    • Rest of Europe
 

CHAPTER 1:    INTRODUCTION

1.1.    Report description
1.2.    Key benefits for stakeholders
1.3.    Key market segments
1.4.    Research methodology

1.4.1.    Secondary research
1.4.2.    Primary research

1.5.    Analyst tools and models

CHAPTER 2:    EXECUTIVE SUMMARY

2.1.    Key findings of the study
2.2.    CXO perspective

CHAPTER 3:    MARKET OVERVIEW

3.1.    Market definition and scope
3.2.    Key findings

3.2.1.    Top investment pockets
3.2.2.    Top winning strategies

3.3.    Porter’s five forces analysis
3.4.    Top player positioning, 2017
3.5.    Market dynamics

3.5.1.    Drivers

3.5.1.1.    Surge in demand for pentane from end-user industries
3.5.1.2.    Low cost of pentane and its beneficial chemical properties

3.5.2.    Restraint

3.5.2.1.    Stringent government regulations towards the use of pentan

3.5.3.    Opportunity

3.5.3.1.    Increase in use of pentene in fuel blending and formulation

CHAPTER 4:    EUROPE PENTANE MARKET, BY TYPE

4.1.    Overview

4.1.1.    Market size and forecast

4.2.    n-Pentane

4.2.1.    Key market trends, growth factors, and opportunities

4.3.    Isopentane

4.3.1.    Key market trends, growth factors, and opportunities

4.4.    Neopentane

4.4.1.    Key market trends, growth factors, and opportunities

CHAPTER 5:    EUROPE PENTANE MARKET, BY APPLICATION

5.1.    Overview

5.1.1.    Market size and forecast

5.2.    Blowing agent

5.2.1.    Key market trends, growth factors, and opportunities

5.3.    Chemical solvent

5.3.1.    Key market trends, growth factors, and opportunities

5.4.    Electronic cleansing

5.4.1.    Key market trends, growth factors, and opportunities

5.5.    Others

5.5.1.    Key market trends, growth factors, and opportunities

CHAPTER 6:    EUROPE PENTANE MARKET, BY COUNTRY

6.1.    Europe

6.1.1.    Market size and forecast, by type
6.1.2.    Market size and forecast, by application
6.1.3.    Market size and forecast, by country
6.1.4.    Germany

6.1.4.1.    Key market trends, growth factors, and opportunities
6.1.4.2.    Market size and forecast, by type
6.1.4.3.    Market size and forecast, by application

6.1.5.    France

6.1.5.1.    Key market trends, growth factors, and opportunities
6.1.5.2.    Market size and forecast, by type
6.1.5.3.    Market size and forecast, by application

6.1.6.    Spain

6.1.6.1.    Key market trends, growth factors, and opportunities
6.1.6.2.    Market size and forecast, by type
6.1.6.3.    Market size and forecast, by application

6.1.7.    Italy

6.1.7.1.    Key market trends, growth factors, and opportunities
6.1.7.2.    Market size and forecast, by type
6.1.7.3.    Market size and forecast, by application

6.1.8.    UK

6.1.8.1.    Key market trends, growth factors, and opportunities
6.1.8.2.    Market size and forecast, by type
6.1.8.3.    Market size and forecast, by application

6.1.9.    Rest of Europe

6.1.9.1.    Key market trends, growth factors, and opportunities
6.1.9.2.    Market size and forecast, by type
6.1.9.3.    Market size and forecast, by application

CHAPTER 7:    COMPANY PROFILES

7.1.    Exxon Mobil Corporation

7.1.1.    Company overview
7.1.2.    Company snapshot
7.1.3.    Operating business segments
7.1.4.    Product portfolio
7.1.5.    Business performance

7.2.    HCS Group (Haltermann Carless UK Ltd.)

7.2.1.    Company overview
7.2.2.    Company snapshot
7.2.3.    Operating business segments
7.2.4.    Product portfolio

7.3.    INEOS Group Holdings S.A.

7.3.1.    Company overview
7.3.2.    Company snapshot
7.3.3.    Operating business segments
7.3.4.    Product portfolio
7.3.5.    Business performance

7.4.    Air Liquide S.A.

7.4.1.    Company overview
7.4.2.    Company snapshot
7.4.3.    Operating business segments
7.4.4.    Product portfolio
7.4.5.    Business performance

7.5.    Harp International Ltd

7.5.1.    Company overview
7.5.2.    Company snapshot
7.5.3.    Operating business segments
7.5.4.    Product portfolio

7.6.    Phillips 66

7.6.1.    Company overview
7.6.2.    Company snapshot
7.6.3.    Operating business segments
7.6.4.    Product portfolio
7.6.5.    Business performance

7.7.    Royal Dutch Shell Plc.

7.7.1.    Company overview
7.7.2.    Company snapshot
7.7.3.    Operating business segments
7.7.4.    Product portfolio
7.7.5.    Business performance

7.8.    Chevron Corporation

7.8.1.    Company overview
7.8.2.    Company snapshot
7.8.3.    Operating business segments
7.8.4.    Product portfolio
7.8.5.    Business performance

7.9.    Brenntag

7.9.1.    Company overview
7.9.2.    Company snapshot
7.9.3.    Operating business segments
7.9.4.    Product portfolio
7.9.5.    Business performance

7.10.    Inventec

7.10.1.    Company overview
7.10.2.    Company snapshot
7.10.3.    Operating business segments
7.10.4.    Product portfolio
7.10.5.    Business performance

LIST OF TABLES

TABLE 01.    EUROPE PENTANE MARKET VOLUME, BY TYPE, 2017–2025 ($ MILLION)
TABLE 02.    EUROPE PENTANE MARKET VOLUME, BY TYPE, 2016–2023 (KILOTONS)
TABLE 03.    EUROPE PENTANE MARKET REVENUE, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 04.    EUROPE PENTANE MARKET VOLUME, BY APPLICATION, 2017–2025 (KILOTONS)
TABLE 05.    EUROPE PENTANE MARKET VOLUME, BY TYPE, 2017–2025 ($ MILLION)
TABLE 06.    EUROPE PENTANE MARKET VOLUME, BY TYPE, 2016–2023 (KILOTONS)
TABLE 07.    EUROPE PENTANE MARKET, BY APPLICATION, 2017–2025 (US$ MILLION)
TABLE 08.    EUROPE PENTANE MARKET, BY APPLICATION, 2017–2025 (US$ MILLION)
TABLE 09.    EUROPE PENTANE MARKET VOLUME, BY COUNTRY, 2017–2025 (US$ MILLION)
TABLE 10.    EUROPE PENTANE MARKET VOLUME, BY COUNTRY, 2017–2025 (KILOTONS)
TABLE 11.    GERMANY PENTANE MARKET, BY TYPE, 2017–2025 (US$ MILLION)
TABLE 12.    GERMANY PENTANE MARKET, BY TYPE, 2017–2025 (KILOTONS)
TABLE 13.    GERMANY PENTANE MARKET, BY APPLICATION, 2017–2025 (US$ MILLION)
TABLE 14.    GERMANY PENTANE MARKET, BY APPLICATION, 2017–2025 (KILOTONS)
TABLE 15.    FRANCE PENTANE MARKET, BY TYPE, 2017–2025 (US$ MILLION)
TABLE 16.    FRANCE PENTANE MARKET, BY TYPE, 2017–2025 (KILOTONS)
TABLE 17.    FRANCE PENTANE MARKET, BY APPLICATION, 2017–2025 (US$ MILLION)
TABLE 18.    FRANCE PENTANE MARKET, BY APPLICATION, 2017–2025 (KILOTONS)
TABLE 19.    SPAIN PENTANE MARKET, BY TYPE, 2017–2025 (US$ MILLION)
TABLE 20.    SPAIN PENTANE MARKET, BY TYPE, 2017–2025 (KILOTONS)
TABLE 21.    SPAIN PENTANE MARKET, BY APPLICATION, 2017–2025 (US$ MILLION)
TABLE 22.    SPAIN PENTANE MARKET, BY APPLICATION, 2017–2025 (KILOTONS)
TABLE 23.    ITALY PENTANE MARKET, BY TYPE, 2017–2025 (US$ MILLION)
TABLE 24.    ITALY PENTANE MARKET, BY TYPE, 2017–2025 (KILOTONS)
TABLE 25.    ITALY PENTANE MARKET, BY APPLICATION, 2017–2025 (US$ MILLION)
TABLE 26.    ITALY PENTANE MARKET, BY APPLICATION, 2017–2025 (KILOTONS)
TABLE 27.    UK PENTANE MARKET, BY TYPE, 2017–2025 (US$ MILLION)
TABLE 28.    UK PENTANE MARKET, BY TYPE, 2017–2025 (KILOTONS)
TABLE 29.    UK PENTANE MARKET, BY APPLICATION, 2017–2025 (US$ MILLION)
TABLE 30.    UK PENTANE MARKET, BY APPLICATION, 2017–2025 (KILOTONS)
TABLE 31.    REST OF EUROPE PENTANE MARKET, BY TYPE, 2017–2025 (US$ MILLION)
TABLE 32.    REST OF EUROPE PENTANE MARKET, BY TYPE, 2017–2025 (KILOTONS)
TABLE 33.    REST OF EUROPE PENTANE MARKET, BY APPLICATION, 2017–2025 (US$ MILLION)
TABLE 34.    REST OF EUROPE PENTANE MARKET, BY APPLICATION, 2017–2025 (KILOTONS)
TABLE 35.    EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
TABLE 36.    EXXON MOBIL CORPORATION: OPERATING SEGMENTS
TABLE 37.    EXXON MOBIL CORPORATION: PRODUCT PORTFOLIO
TABLE 38.    HCS GROUP: COMPANY SNAPSHOT
TABLE 39.    HCS GROUP: OPERATING SEGMENTS
TABLE 40.    HCS GROUP: PRODUCT PORTFOLIO
TABLE 41.    INEOS: COMPANY SNAPSHOT
TABLE 42.    INEOS: OPERATING SEGMENTS
TABLE 43.    INEOS: PRODUCT PORTFOLIO
TABLE 44.    LG CHEM LTD.: COMPANY SNAPSHOT
TABLE 45.    LG CHEM LTD.: OPERATING SEGMENTS
TABLE 46.    LG CHEM LTD. : PRODUCT PORTFOLIO
TABLE 47.    CHEMIWAY: COMPANY SNAPSHOT
TABLE 48.    CHEMIWAY: BUSINESS AREAS
TABLE 49.    CHEMIWAY: PRODUCT PORTFOLIO
TABLE 50.    PHILLIPS 66 COMPANY: COMPANY SNAPSHOT
TABLE 51.    PHILLIPS 66 COMPANY: OPERATING SEGMENTS
TABLE 52.    PHILLIPS 66 COMPANY: PRODUCT PORTFOLIO
TABLE 53.    ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT
TABLE 54.    ROYAL DUTCH SHELL PLC: OPERATING SEGMENTS
TABLE 55.    ROYAL DUTCH SHELL PLC: PRODUCT PORTFOLIO
TABLE 56.    SK INNOVATION CO., LTD.: COMPANY SNAPSHOT
TABLE 57.    SK INNOVATION CO., LTD.: OPERATING SEGMENTS
TABLE 58.    SK INNOVATION CO., LTD.: PRODUCT PORTFOLIO
TABLE 59.    THAI OIL PUBLIC COMPANY LIMITED: COMPANY SNAPSHOT
TABLE 60.    THAI OIL PUBLIC COMPANY LIMITED: OPERATING SEGMENTS
TABLE 61.    THAI OIL PUBLIC COMPANY LIMITED: PRODUCT PORTFOLIO
TABLE 62.    YEOCHUN NCC CO., LTD.: COMPANY SNAPSHOT
TABLE 63.    YEOCHUN NCC CO., LTD.: OPERATING SEGMENTS
TABLE 64.    YEOCHUN NCC CO., LTD.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.    EUROPE PENTANE MARKET SEGMENTATION
FIGURE 02.    TOP INVESTMENT POCKETS
FIGURE 03.    TOP WINNING STRATEGIES, BY YEAR, 2015–2019*
FIGURE 04.    TOP WINNING STRATEGIES, BY DEVELOPMENT, 2015–2019* (%)
FIGURE 05.    TOP WINNING STRATEGIES, BY COMPANY, 2015–2019*
FIGURE 06.    HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07.    LOW BARGAINING POWER OF BUYERS
FIGURE 08.    MODERATE THREAT OF NEW ENTRANTS
FIGURE 09.    HIGH THREAT OF SUBSTITUTES
FIGURE 10.    HIGH INTENSITY OF COMPETITIVE RIVALRY
FIGURE 11.    TOP PLAYER POSITIONING, 2017
FIGURE 12.    EUROPE PENTANE MARKET DYNAMICS
FIGURE 13.    PENTANE MARKET, BY TYPE, 2018 (%)
FIGURE 14.    EUROPE PENTANE MARKET, BY APPLICATION, 2018 (%)
FIGURE 15.    EXXON MOBIL CORPORATION: REVENUE, 2015–2017 ($MILLION)
FIGURE 16.    INEOS: NET SALES, 2015–2017 ($MILLION)
FIGURE 17.    INEOS: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 18.    INEOS: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 19.    LG CHEM LTD.: NET SALES, 2015–2017 ($MILLION)
FIGURE 20.    LG CHEM LTD.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 21.    PHILLIPS 66 COMPANY: REVENUE, 2015–2017 ($MILLION)
FIGURE 22.    PHILLIPS 66 COMPANY: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 23.    PHILLIPS 66 COMPANY: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 24.    ROYAL DUTCH SHELL PLC: REVENUE, 2015–2017 ($MILLION)
FIGURE 25.    ROYAL DUTCH SHELL PLC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 26.    ROYAL DUTCH SHELL PLC: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 27.    SK INNOVATION CO., LTD.: REVENUE, 2014–2016 ($MILLION)
FIGURE 28.    SK INNOVATION CO., LTD.: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 29.    SK INNOVATION CO., LTD.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 30.    THAI OIL PUBLIC COMPANY LIMITED: REVENUE, 2015–2017 ($MILLION)
FIGURE 31.    THAI OIL PUBLIC COMPANY LIMITED: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 32.    THAI OIL PUBLIC COMPANY LIMITED: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 33.    YEOCHUN NCC CO., LTD.: REVENUE, 2015–2017 ($MILLION)
FIGURE 34.    YEOCHUN NCC CO., LTD.: REVENUE SHARE BY SEGMENT, 2017 (%)

 
 

Pentane is widely used as a blowing agent in the production of polyurethane & polystyrene foam, which is used in electronic appliances for cooling of electronic components. Pentane and its by products are used as refrigerants in air conditioners and refrigerants. 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. Expanded polystyrene (EPS) foam is applied for the insulation of household & commercial appliances, cooling containers, for formulation of boards & panels, pipes, and other similar applications.

Moreover, pentane is widely applicable in pharmaceutical, petrochemical, 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 and exhibits low boiling point.

Based on type, in pentane industry, n-pentane generated maximum revenue in 2017, as it is one of the key components of the condensate compounds derived from natural gas production. Moreover, it is used as a key element for gasoline blending. Furthermore, it is used in various personal care and industrial aerosol products as an aerosol propellant. It serves as an essential blowing agent for polyurethane and expanded polystyrene foams. In addition, it is widely used as a chemical solvent, owing to its high volatility and low cost as compared to other substitutes.

 

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