Isopentane Market Size, Share & Industry Analysis, By Grade (<98% and >98%), By Application (Blowing Agent, Solvents, Propellant, and Others), and Regional Forecast, 2024-2032

The blowing agent segment primarily drives the isopentane market. The growth is primarily due to the increasing demand for isopentane in the construction, automotive, and furniture industries. Isopentane is commonly used as a blowing agent in the production of polyurethane foams, which helps create a lightweight and insulating material. In addition, in the blowing agent segment, it is extensively utilized for its low boiling point and excellent thermal insulation properties. It is primarily used in the production of polystyrene foam, polyurethane foam, and other foam products, enhancing their insulation efficiency. This application is crucial in refrigeration, construction, and packaging industries, where effective insulation is paramount.

The solvent segment also drives the isopentane market. Isopentane is also commonly used as a solvent in various industrial applications. Due to its low boiling point and non-polarity, isopentane is an effective solvent for many organic compounds. It is often used in the extraction and purification of natural products, such as plant oils and waxes.

• Many countries in the Asia Pacific region have strict environmental regulations to limit VOC (Volatile Organic Compound) emissions, under which isopentane falls due to its volatile nature. For instance, China's environmental protection policies, such as the "Air Pollution Control Law," aim to reduce air pollution by controlling the production, storage, transport, and use of hazardous chemicals such as isopentane.

Isopentane has been registering a growing demand in recent years due to its versatile properties and various applications across numerous industries. Its effectiveness as a solvent in the production of pharmaceuticals and the analysis of chemical compounds in laboratories has made it a popular choice in these fields. Additionally, its use in the production of refrigerants and aerosols has also contributed to the increasing demand for isopentane.

• In 2023, the Asia Pacific region dominated the isopentane market with approximately 35% of the market share.

By region, the major isopentane market consumers are China, Japan, and India in Asia Pacific; the U.S. and Canada in North America; Germany and France in Europe; and Saudi Arabia and the UAE in the Middle East.

• As per the China-Britain Business Council (CBBC), the construction industry in China was valued at USD 4.6 trillion in 2022. The industry is expected to have a growth rate of 4% from 2024 to 2027. The growth is due to the investment in infrastructural projects as per China's 14th Five-Year Plan (FYP).

Key Insights

The report covers the following key insights:

• Key Market Trends

• The Regulatory Scenario of Isopentane Market


• Key Developments in Isopentane Market


• Latest Technological Advancement

Segmentation

Analysis by Type

By type, the >98% grade segment holds a significant share of the global isopentane market.

• Isopentane is crucial in various applications, including blowing agents, solvents, propellant, and others, to increase the efficiency and properties of the product.


• The growth of high-purity isopentane production is driven by the increasing demand for high-quality solvents and refrigerants in various industries, such as pharmaceuticals, electronics, and refrigeration.

Analysis by Application

By application, the blowing agent segment holds a considerable share of the global isopentane market.

Isopentane is widely used in the industry as a blowing agent for the production of polyurethane foams. As a blowing agent, isopentane helps to create a lightweight and insulating material with good thermal insulation properties. Isopentane also has a low boiling point, which makes it easy to vaporize and expand when mixed with other chemicals in the foaming process. The use of isopentane as a blowing agent has contributed significantly to the production of high-quality polyurethane foams that are used in a wide range of industries, including construction, automotive, and furniture.

Regional Analysis

Isopentane is experiencing a surge in demand in the Asia Pacific region. This can be attributed to several factors, such as the growing demand for refrigeration and insulation solutions in the construction industry and the increasing use of isopentane as a blowing agent in the production of polyurethane foam. As a result, many companies are looking to expand their isopentane production capacities to meet the rising demand in the region. Further, the isopentane market is witnessing growth due to the expansion in the chemical and petrochemical industries in China.

• China's crude oil is expected to increase in 2023 compared with the last two years. The country is expected to import between 500,000 and 1 million barrels per day (bpd).

Key Players Covered

The report includes the profiles of key players such as Shell, Phillips 66, ExxonMobil Chemical, HCS Group, Junyuan Petroleum Group, Trecora Resources, Aeropres Corporation, Diversified CPC, SIBUR, and ROSNEFT.

Key Industry Developments

In February 2023, Haltermann Carless, a company of HCS Group and a pioneer of sustainable hydrocarbon solutions, announced the launch of a new range of low-carbon mass balance Pentane products. These products are ISCC PLUS certified and include Cyclopentane, n-Pentane, iso-Pentane, and blends. The products are intended for use in specialty applications and industries where reducing carbon footprint is an important consideration for customers, such as in insulating materials for refrigerators or construction.