Europe Pentane Market Set For Rapid Growth and Demand By 2025
Posted by sanjayhande on November 8th, 2019
According to the report, the Europe pentane market garnered million in 2017 and is expected to reach .1 million by 2025, growing at a CAGR of 4.1% from 2018 to 2025.
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Increase in demand from end user industries and surge in adoption of pentane due to its chemical properties facilitate the growth in the market. However, stringent regulatory policies restrain the market growth. On the other hand, rise in adoption in fuel blending and formation create new opportunities in the industry.
n-pentane segment to remain dominant during the forecast period
Blowing agents segment to maintain its lead position throughout the forecast period
Germany to maintain its dominant position in terms of revenue by 2025
Germany contributed to nearly one-third of the total share in 2017 and will maintain its dominant position in terms of revenue by 2025. This is due to the surge in demand as blowing agents for manufacturing polyurethane & polystyrene foams for usage as cushioning materials in vehicle seats and home furnishings. However, Italy is expected to register the highest CAGR of 5.2% from 2018 to 2025, owing to significant increase in demand as a solvent for manufacturing various chemicals.
Leading market players
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Joined: October 17th, 2019
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