Price trend chart of n-Pentane in recent six month (20-September-2022)

Normal Pentane

Price trend chart of n-Pentane in recent six month (20-September-2022)

by Manufacturers, Producers, Suppliers Sep 20, 2022

Looking back on China’s n-Pentane market in the past half year (20-March-2022 to 20-Sept-2022), the price of n-Pentane began to fall sharply from 9,900 yuan/ton at the end of March 2022, and continued to fall to 8,900 yuan/ton at the end of April 2022. The price remained relatively stable in the first ten days of May. The price of n-Pentane continued to fall from the end of May to 8,300 yuan/ton at the beginning of June 2022, and continued to rise for about a week, and then continued to rise until the first ten days of July, The price of n-Pentane has been maintained at about 8,400 yuan/ton, and the price fell at about 8,200 yuan since the middle of July, but it has been maintained at about 8,300 yuan/ton until the beginning of September. According to the change of price trend, the price of n-Pentane should not continue to decline in the short term. It is recommended that buyers arrange orders as early as possible according to manufacturing needs.

Price trend chart of n-Pentane in recent six month (20-September-2022)

Pentane Market Overview

Pentane is a hydrocarbon organic compound that has a gasoline-like odor and is usually burnt as a fuel. Pentane finds numerous industrial applications; for instance, it is used as an ingredient in the production of petroleum. Its primary application is in creating blowing agents, which are in turn used in manufacturing polyesters (foams). Pentane has three isomeric forms, i.e. Isopentane, n-Pentane and Neopentane, which are generally used in blowing agents, electronic cleansing or as chemical solvents.

The growth of the global pentane market can be attributed to the rapid adoption of automobiles across the globe, which in turn is estimated to step-up the adoption of gasoline. Pentane acts as a blending agent in gasoline, which is augmenting the growth of the gasoline market. Further, for polystyrene and polyurethane, pentane behaves as a blowing agent. Increasing disposable income and the inclination towards higher living standards have changed the lifestyle and buying power of the public, resulting in a jump in the sales of electronic appliances, which require polystyrene and polyurethane foam insulation for cooling purpose.

This in turn is increasing the consumption of pentane in the global market. In addition, pentane and its byproducts are used as refrigerants in electronic appliances (fridge and air conditioners), which is another factor contributing towards the growth of the global pentane market. Therefore, the growth of the electronics industry has a significant impact on the consumption of pentane and is expected to create sizable growth opportunities in the global pentane market over the forecast period.

Among all regions, North America is anticipated to hold a significant share in the pentane market, owing to the widespread presence of the electronics industry and huge demand for blowing agents in polyester applications. In Asia Pacific, counties such as Japan, South Korea, China, India, and Japan, the demand for pentane is expected to be surplus as a result of the significant presence of electronic manufacturing facilities. Further, the demand for pentane in Europe is likely to subside due to the stringent regulatory scenario; hence, the consumption of pentane could be replaced by propylene glycol methyl ether or propylene glycol methyl ether acetate.

Pentane Market: Market Participants

The global pentane market is anticipated to be highly fragmented, owing to the presence of numerous local manufacturers. Examples of some of the market participants in the global pentane market identified across the value chain include: