Allied Market Research recently published a report, titled, "Pentane Market by Type (n-Pentane, Isopentane, and Neopentane), and Application (Blowing Agent, Electric Cleansing, Chemical Solvent, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global pentane industry was accounted for $105.7 million in 2020, and is expected to reach $159.8 million by 2030, growing at a CAGR of 4.3% from 2021 to 2030.
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Drivers, restraints, and opportunities
Rise in demand from end-user industries, beneficial properties of pentane, and affordability have boosted the growth of the global pentane market. However, strict government regulations restrain the market growth. On the contrary, surge in use of pentane in fuel blending and formulation is expected to open new opportunities in the future.