As per this study the Global Cyclopentane Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated XX KT in 2021 and is expected to reach XX KT by 2026 with a CAGR of XX%.
Cyclopentane is categorized under hydrocarbon group which is highly flammable with chemical formula C5H10 and is used to produce synthetic rubber, resin, and rubber adhesives. Cyclopentane is a colorless liquid and smells like petrol. Structurally, it has a ring of five carbon atoms each bonded with two hydrogen atoms above and below the plane. It is also used as a blowing agent to manufacture polyurethane foam which has many application in domestic appliances such as refrigerator and freezers.
Increasing demand for refrigerators and freezers along with the booming food and beverage industry is fueling the market growth. Rising safety environmental norms and polyurethane foam with cyclopentane provide high insulation performance at stable processing conditions is also expected to propel the market growth. Rising utilization of cyclopentane in analytical and scientific applications such as lubricants, resins, and additives are projected to enhance market presence over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of cyclopentane.
The broad cyclopentane market has been sub-grouped into application and function. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Residential refrigerators
- Commercial refrigerators
- Insulated containers & sippers
- Insulating construction materials
- Electrical & electronics
- Personal care products
- Fuel & fuel additives
- Blowing agent & refrigerant
- Solvent & reagent
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for cyclopentane in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Cyclopentane Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the cyclopentane market include Chevron Phillips Chemical, HCS Group GmbH, YEOCHUN NCC Co. Ltd., and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.