Cyclopentane Market Size 2022 Analysis Examined In Latest Market Size Research Report With Focusing Key Players

Cyclopentane Market Size Overview

Cyclopentane is a flammable hydrocarbon, which is also known as pentamethylene. It is widely being used as a blowing agent in foam manufacturing and has zero ozone depletion potential, thereby, being recognized by environmental groups. It is a superior alternative to HCFCs and CFCs. It is used in home refrigerator appliances, insulating foams, insulating panels, and boards and pipes in the construction industry.

Cyclopentane has low global warming potential and ensures low operating costs, making them the preferred choice for blowing agents in end-use industries.

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Key Players

Key Players operating in the Global Cyclopentane Market include INEOS (UK), Haltermann Carless Deutschland GmbH (Germany), Jilin Beihua Fine Chemical Co., Ltd (China), Chevron Phillips Chemical Company (US), Liaoning Yufeng Chemical Co., Ltd (China), South Hampton Resources (US), Maruzen Petrochemical Co., Ltd (Japan), Haldia Petrochemicals Limited (India), Yeochun NCC Co., Ltd (South Korea), and SK Chemicals Co., Ltd. (South Korea).

Companies such as Chevron Phillips Chemical Company, INEOS, South Hampton Resources, Haltermann Carless Deutschland GmbH, and SK Chemicals Co., Ltd dominate the global market due to their brand reputation, product differentiation, and financial stability.

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Segmentation

The global Cyclopentane Market has been segmented based on Application, End User, and Region.

Based on application, the global cyclopentane market size is classified into blowing agent, solvent & reagent, and others. The blowing agent segment accounted for the largest market share of 85.60% in 2019, with a market value of USD 2,92,645.3 thousand; it is expected to register the highest CAGR of 7.59% during the forecast period.

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Global Cyclopentane Market, By Application

  • Blowing Agent
  • Solvent & Reagent
  • Others

Global Cyclopentane Market, By End User

  • Residential Refrigerators
  • Construction
  • Commercial Refrigerators
  • Others

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS 17

1.1.1 GLOBAL CYCLOPENTANE MARKET, BY APPLICATION 18

1.1.2 GLOBAL CYCLOPENTANE MARKET, BY END USER 19

1.1.3 GLOBAL CYCLOPENTANE MARKET, BY REGION 20

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2 MARKET INTRODUCTION

2.1 DEFINITION 21

2.2 SCOPE OF THE STUDY 21

2.3 MARKET STRUCTURE 21

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS 22

3.2 PRIMARY RESEARCH 23

3.3 SECONDARY RESEARCH 24

3.4 MARKET SIZE ESTIMATION 24

3.5 FORECAST MODEL 25

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 26

4 MARKET DYNAMICS

4.1 INTRODUCTION 27

4.2 DRIVERS 29

4.2.1 HIGH DEMAND AS BLOWING AGENT FOR RIGID FOAM INSULATION 29

4.2.2 PHASE-OUT OF HCFCS AND HFCS REFRIGERANTS 29

4.3 RESTRAINT 30

4.3.1 AVAILABILITY OF SUBSTITUTE PRODUCTS 30

4.4 OPPORTUNITY 31

4.4.1 GROWING END-USE MARKETS IN EMERGING ECONOMIES 31

4.5 CHALLENGE 33

4.5.1 VOLATILITY IN RAW MATERIAL PRICES 33

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