Analysis Report on n-Pentanol Market

I. Overview of n-Pentanol

n-Pentanol is a type of technology-intensive industry, and the research and development, optimization, finalize, and operation of the production process all involve professional knowledge and technology, with relatively high technical thresholds. Currently, only a few companies worldwide have the large-scale production capacity of n-pentanol, such as Qilu Petrochemical and Dow Chemical.

II. Market Analysis of n-Pentanol

1. Fluctuations in raw material prices and market supply and demand affect the average price of n-pentanol

Due to fluctuations in raw material prices and market supply and demand and other factors, in recent years, the average price of n-pentanol in China has shown a fluctuating trend. According to the “2023-2028 Market In-Depth Research and Investment Prospect Forecast Analysis Report on n-Pentanol Industry” released by XinSIJie Industry Research Center, the price of n-pentanol in China was 25,000 yuan/ton in 2022.

2. n-Pentanol is an important raw material for the synthesis of n-pentene

n-Pentanol is an important raw material for the synthesis of n-pentene. n-Pentene is a high value-added fine chemical intermediate, which is an important raw material for the production of 1,2-pentanediol. It also has good application prospects in the fields of oil additive, plastic modification, and organic synthesis. The technical barrier of the n-pentene industry is extremely high, and Sasol Group (Sasol) occupies the majority of the market share globally. In recent years, with the development of technology, the domestic 1-pentene has developed rapidly, and Xinxiang City Jujing Chemical Co., Ltd. has achieved large-scale production of 1-pentene.

3. The continuous development of production technology and the increase in demand drive the development of the n-pentanol industry

In recent years, with the continuous development of production technology and the increase in demand, the investment enthusiasm of the domestic 1,2-pentanediol industry has been increasing, which has formed a strong support for the demand for n-pentene products. For example, in July 2022, the 3,000-ton/year technical renovation project of 1,2-pentanediol of Xinxiang City Jujing Chemical Co., Ltd. was approved; in January 2023, the first public announcement of the environmental impact assessment of the 5,000-ton/year 1,2-pentanediol technical renovation project of Anhui Runyan Technology Co., Ltd. was made.

III. Market Development Trend of n-Pentanol

According to the industry analysis of XinSIJie, in the future, with the continuous progress of domestic technology and the development of the downstream n-pentene market, more domestic enterprises will enter the n-pentanol industry, which will drive the growth of the production capacity of the n-pentanol industry and gradually replace imported products.

IV. Conclusion

n-Pentanol has high technical barriers and good development prospects. It is an important raw material for the synthesis of n-pentene and also a coating solvent, a flotation agent for non-ferrous metals, and a defoaming agent for boiler water. Due to fluctuations in raw material prices and market supply and demand, the average price of n-pentanol in China shows a fluctuating trend. In the future, with the continuous progress of domestic technology and the development of the downstream n-pentene market, more domestic enterprises will enter the n-pentanol industry, which will drive the growth of the production capacity of the n-pentanol industry and gradually replace imported products.