N-Pentane is a hydrocarbon molecule composed of five carbon atoms and thirteen hydrogen atoms. It is a colorless, flammable liquid that is used mainly as a fuel component in gasoline, as a refrigerant, and as a solvent. The most common usage of n-pentane is as a component in unleaded gasoline. N-pentane is a component of gasoline because it helps to improve the octane rating of the fuel, resulting in increased efficiency and performance. It is also used as a refrigerant in some air conditioning systems and as a solvent in chemical reactions.
N-pentane is a relatively abundant molecule, produced from petroleum refining processes or from the cracking of heavier hydrocarbons. It is also produced naturally in the atmosphere from the breakdown of other volatile organic compounds. Globally, the demand for n-pentane is expected to increase in the coming years as more countries move towards cleaner and more efficient fuels.
The global N-Pentane market was valued at US$ 134 million in 2022 and is anticipated to reach US$ 164.1 million by 2029, witnessing a CAGR of 2.9% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global N-Pentane Market available at: https://www.themarketreports.com/report/global-n-pentane-market-research-report
This report aims to provide a comprehensive presentation of the global market for N-Pentane, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding N-Pentane.
Global N-Pentane key players include Shell, Phillips 66 , CNPC, ExxonMobil Chemical, etc. Global top four manufacturers hold a share about 45%.
Ask for more details or sample of this report at: https://www.themarketreports.com/report/ask-your-query/1411341
Release by:
Shirish Gupta
Marketing Manager
The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com