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Report overview
Asia Pacific Pentane Plus market size was valued at USD 3.86 billion in 2024 and is projected to reach USD 5.12 billion by 2030, at a CAGR of 4.8% during the forecast period 2024-2030.
Pentane Plus refers to a mixture of hydrocarbons containing five or more carbon atoms, primarily used as a blowing agent in foam production, as a solvent in various industries, and as a component in gasoline blending.
The Asia Pacific Pentane Plus market is growing steadily, driven by demand from the construction, automotive, and petrochemical industries. China accounts for 40% of the market, followed by Japan at 20% and South Korea at 15%. In 2023, the foam industry consumed 45% of total production, with solvent applications at 30% and gasoline blending at 20%. The market experienced a 7% growth in demand from the refrigeration sector for insulation foams. Key players include ExxonMobil Corporation (USA) and SK Innovation Co., Ltd. (South Korea), holding a combined 35% market share in the region. The industry is investing in sustainable production methods, with a 10% increase in bio-based pentane research in 2023. Challenges include environmental regulations on VOC emissions, leading to an 8% focus on developing low-emission formulations. The trend towards energy-efficient buildings has driven a 12% increase in pentane-blown insulation foam demand. The market is benefiting from the growth of the electronics industry, with a 15% rise in pentane use as a cleaning solvent in semiconductor manufacturing.
Report Includes
This report is an essential reference for who looks for detailed information on Asia Pacific TPEG . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of TPEG , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Asia Pacific TPEG , 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 TPEG . This report contains market size and forecasts of TPEG in Asia Pacific, including the following market information:
We surveyed the TPEG manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
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The report also provides analysis of leading market participants including:
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