As per a new report published by Fact.MR MR – a market research and competitive intelligence provider, the isopentane market is anticipated to surpass US$ 3.5 Bn valuation in 2021, and is poised to expand at a CAGR of around 5.6% over the next ten years.
Fact.MR analyses that dehydrogenation of isopentane to form isoprene remained the wheel of fortune for isopentane, infusing consumption growth. Adoption of isoprene for plastic and rubber manufacturing constantly unleashes spiking business demand and reflects strong dominance for isopentane globally. Constant research and innovation is observed by key market players to foster unexplored functions for end-use industries.
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Key Takeaways from Market Study
- The global isopentane market is anticipated to add 1.7X value by 2031.
- 99% and more isopentane captures a major chunk and is set to create an absolute $ opportunity of around US$ 1.3 Bn by 2031.
- Among the functions, blowing agents has been the fastest-growing segment, owing to rise of plastic production globally over the past decade.
- North America is set to dominate market revenue in 2021, but is expected to lose 279 BPS by 2031.
- Due to the COVID-19 crisis, demand for isopentane was hit in 2020, which saw a decline of 2% over the 2nd and 3rd quarters of the year.
“Isopentane as a blowing agent to be the wheel of fortune for dynamic business opportunities,” says a Fact.MR analyst.
Competitive Landscape
According to Fact.MR’s market research analysis, leading isopentane manufacturers such as Phillips 66, ExxonMobil, Shell, Airgas, Praxair and Chevron Phillips together accounted for 45% share of global revenue in 2020. Most companies discussed in the report have focused on expansion, investments, acquisitions, delivery focus, portfolio expansion, and brand development.
Similarly, recent developments related to companies offering isopentane have been tracked by the team at Fact.MR, which are available in the full report. Assessment of import price, bulk price, contractual price, and producer / distributor price of isopentane has also been provided in the study by Fact.MR
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Market Segments Covered in Isopentane Industry Analysis
-
By Purity
- <95% Isopentane
- 95% – 97% Isopentane
- 97% – 99% Isopentane
- 99% Isopentane
-
By Blending Agent
- Pentane
- Cyclopentane
- n-Pentane
- Others
-
By Function
- Blowing Agents
- Polyurethane Foam Additives
- EPS Additives
- Solvents
- Propellant
- Viscosity Controlling Agents
How Fact.MR Assists in Making Strategic Moves For Isopentane Market Manufacturer?
The data provided in the Isopentane market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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Some of the Isopentane Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
- Details regarding latest innovations and development in Isopentane and how it is gaining customer traction during the forecast period.
- Analysis about the customer demand of the products and how it is likely to evolve in coming years.
- Latest regulations enforced by government bodies and local agencies and their impact on Demand of Isopentane Market .
- Insights about adoption of new technologies and its influence on the Isopentane market Size.
- Overview of the impact of COVID-19 on Isopentane Market and economic disruptions caused by the pandemic.
- Evaluates post-pandemic impact on the Sales of Isopentane Market during the forecast period.
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