The global cyclopentane market is estimated to be valued at US$ 448.7 million in 2023 and it is anticipated to grow at a CAGR of 7.0% to reach US$ 882.6 million by the end of 2033.
Cyclopentane is included in the cycloalkane class and is widely used in the manufacturing of resins, rubber adhesives, and synthetic rubber. It is also used as a blowing agent for polyurethane insulating foam. Since cyclopentane does not contain any hydro-fluorocarbon (HFCs), it is also used to insulate refrigerators as well as freezers.
The global cyclopentane (C Pentane) market will continue to be influenced by broader developments in the refrigerant and construction industries and resonate strong consumption potential, evaluates Fact.MR, a market research and competitive intelligence provider.
The report offers actionable and valuable market insights of Cyclopentane Solvent. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Cyclopentane Solvent Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Cyclopentane Solvent market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Cyclopentane Solvent
This newly published and insightful report sheds light on Market Insights of Cyclopentane Solvent, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Cyclopentane Solvent Market.
Opportunity: Increasing use of blowing agents in the construction, automotive, and appliance industries
The use of blowing agents has been increasing in construction, automotive, and appliance end-use industries. This is majorly due to the properties of the blowing agent such as insulation, physical integration which enable it to be used to formulate the polyurethane foam. The demand for cyclopentane has also increased in the appliance industry in Europe and Asia. The growth of these industries is expected to drive the demand for blowing agents and subsequently the use of cyclopentane is expected to increase.
Challenge: Flammability of cyclopentane
Cyclopentane is a flammable chemical, and hence this adds various risks while using it as a blowing agent. The explosion limit of cyclopentane is 1.1–8.7% by volume in air. Hence, the user has to follow stringent regulations while using this product. These are some of the precautions that need to be taken while using or storing cyclopentane. Hence, its flammability poses as a challenge to the users and the manufacturers.
Market Titans Key Strategies
Leading market players in the cyclopentane market are continuously focusing on long-term supply contracts and collaborations with end-use industries. Companies are also investing in research and development to discover new areas of application for cyclopentane.
Key Companies Profiled:
- Chevron Phillips Chemical Company LLC
- Dymatic Chemicals, Inc.
- Beijing Eastern Acrylic Chemical Technology Co., Ltd
- LG Chem, Ltd.
- Yeochun NCC Co. Ltd.
- Trecora Resources
Segmentation of Cyclopentane Industry Research
- By Product Type :
- Foam-Blowing Agent
- Solvent and Reagents
- By Grade :
- By Application :
- Residential Refrigerators
- Insulated Containers and Sippers
- Insulating Construction Material
- Analytical and Scientific Application
- By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
Questionnaire answered in the report include:
- How the industry has grown?
- What is the present and future outlook on the basis of region?
- What are the challenges and opportunities?
- Why the consumption in region?
- In which year segment is expected to overtake segment?