Cyclopentane Market With Covid-19 Impact Analysis by Function (Blowing Agent & Refrigerant, Solvent & Reagent), Application, and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2026
The cyclopentane market size was USD 272 million in 2020 and is projected to reach USD 430 million by 2026, at a CAGR of 7.8% between 2021 and 2026. Global phase-out of HCFCs by 85% by late 2040s is the major driver of the cyclopentane market. High capital investments and flammability of cyclopentane are some of the key factors restraining and challenging the growth of the global cyclopentane market.
“The blowing agent & refrigerant segment dominated the market in 2020, by value”
By function, blowing agent & refrigerant segment dominated the market in 2020, by value. The stringent regulations in developed and developing countries have resulted in the phase-out of the existing blowing agents. This is expected to promote the use of environment-friendly cyclopentane as a blowing agent.
“The electrical & electronics segment, by value, is projected to grow at the highest CAGR during the forecast period”
By application, electrical & electronics segment is expected to grow at the highest CAGR during 2021 to 2026, by value. Cyclopentane is used as a solvent in the electrical & electronics application. Its cyclical structure provides a higher solubility coefficient, which makes it useful as a solvent in the electrical & electronics application. It is also being used for cleaning and as a polymer solvent for various alkyl lithium compounds.
“North America is the fastest-growing market, in terms of value, during the forecast period”
By region, North America is expected to grow at the highest CAGR during 2021 to 2026, by value. The North American cyclopentane market is expected to grow as the region has implemented the Montreal Protocol which would encourage the use of an environment-friendly blowing agent such as cyclopentane.
Profile break-up of primary participants for the report:
Research Coverage:
The report defines, segments, and projects the cyclopentane market based on product type, end use, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It analyzes competitive developments, such product launches, expansions, contract, partnerships, and agreements, undertaken by the players in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the cyclopentane market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
“The blowing agent & refrigerant segment dominated the market in 2020, by value”
By function, blowing agent & refrigerant segment dominated the market in 2020, by value. The stringent regulations in developed and developing countries have resulted in the phase-out of the existing blowing agents. This is expected to promote the use of environment-friendly cyclopentane as a blowing agent.
“The electrical & electronics segment, by value, is projected to grow at the highest CAGR during the forecast period”
By application, electrical & electronics segment is expected to grow at the highest CAGR during 2021 to 2026, by value. Cyclopentane is used as a solvent in the electrical & electronics application. Its cyclical structure provides a higher solubility coefficient, which makes it useful as a solvent in the electrical & electronics application. It is also being used for cleaning and as a polymer solvent for various alkyl lithium compounds.
“North America is the fastest-growing market, in terms of value, during the forecast period”
By region, North America is expected to grow at the highest CAGR during 2021 to 2026, by value. The North American cyclopentane market is expected to grow as the region has implemented the Montreal Protocol which would encourage the use of an environment-friendly blowing agent such as cyclopentane.
Profile break-up of primary participants for the report:
- By Company Type: Tier 1 – 50%, Tier 2 – 33%, and Tier 3 – 17%
- By Designation: C-level – 17%, Director Level – 33%, and Others– 50%
- By Region: Asia Pacific – 50%, North America – 25%, Europe – 25%
Research Coverage:
The report defines, segments, and projects the cyclopentane market based on product type, end use, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It analyzes competitive developments, such product launches, expansions, contract, partnerships, and agreements, undertaken by the players in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the cyclopentane market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 OBJECTIVES OF STUDY
1.2 MARKET DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
1.3.1 CYCLOPENTANE MARKET, BY REGION: INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
FIGURE 1 CYCLOPENTANE MARKET SEGMENTATION
1.4.1 REGIONS COVERED
1.4.2 YEARS CONSIDERED FOR STUDY
1.5 CURRENCY
1.6 UNIT CONSIDERED
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 CYCLOPENTANE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
2.3 DATA TRIANGULATION
FIGURE 5 CYCLOPENTANE MARKET: DATA TRIANGULATION
2.4 ASSUMPTIONS
3 EXECUTIVE SUMMARY
FIGURE 6 BLOWING AGENT & REFRIGERANT TO BE LARGEST FUNCTION OF CYCLOPENTANE
FIGURE 7 INSULATED CONTAINERS AND SIPPERS TO BE LARGEST APPLICATION OF CYCLOPENTANE BETWEEN 2021 AND 2026
FIGURE 8 ASIA PACIFIC DOMINATED CYCLOPENTANE MARKET IN 2020
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN THE CYCLOPENTANE MARKET
FIGURE 9 CYCLOPENTANE MARKET TO REGISTER HIGH GROWTH DURING
FORECAST PERIOD
4.2 CYCLOPENTANE MARKET, BY REGION
FIGURE 10 NORTH AMERICA TO BE FASTEST-GROWING MARKET BETWEEN
2021 AND 2026
4.3 CYCLOPENTANE MARKET, BY APPLICATION
FIGURE 11 ELECTRICAL & ELECTRONICS TO BE FASTEST-GROWING APPLICATION SEGMENT BETWEEN 2021 AND 2026
4.4 CYCLOPENTANE MARKET IN ASIA PACIFIC, BY FUNCTION AND COUNTRY IN VOLUME
FIGURE 12 CHINA ACCOUNTED FOR LARGEST SHARE OF CYCLOPENTANE
MARKET IN 2020
4.5 CYCLOPENTANE MARKET ATTRACTIVENESS
FIGURE 13 CYCLOPENTANE MARKET TO REGISTER HIGH GROWTH IN CANADA
AND MEXICO BETWEEN 2021 AND 2026
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 14 OVERVIEW OF FACTORS GOVERNING THE CYCLOPENTANE MARKET
5.2.1 DRIVERS
5.2.1.1 Global phase-out of HCFCs by 85% by late 2040s
5.2.2 RESTRAINTS
5.2.2.1 High capital investments
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing use of blowing agents in the construction, automotive, and appliance industries
5.2.4 CHALLENGES
5.2.4.1 Flammability of cyclopentane
5.3 PORTER’S FIVE FORCES ANALYSIS
FIGURE 15 CYCLOPENTANE MARKET: PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 BARGAINING POWER OF SUPPLIERS
5.3.3 THREAT OF SUBSTITUTES
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 REGULATIONS
5.4.1 MONTREAL PROTOCOL (MP)
5.4.2 KYOTO PROTOCOL
5.4.3 U.S. ENVIRONMENT PROTECTION AGENCY (EPA)– SNAP PROGRAM
5.5 ADJACENT AND INTERCONNECTED MARKETS
TABLE 1 ADJACENT AND NTERCONNECTED MARKETS (USD MILLION)
5.6 IMPACT OF COVID-19 ON CYCLOPENTANE MARKET
5.6.1 IMPACT OF COVID-19
5.6.2 ECONOMIC OUTLOOK
TABLE 2 THE TABLE BELOW REPRESENTS THE ECONOMIC OUTLOOK
PROJECTED BY IMF FOR 2021 AND 2022
6 IMPACT OF COVID-19: CUSTOMER ANALYSIS
6.1 INTRODUCTION
6.2 IMPACT ON END-USE INDUSTRIES
6.2.1 RESIDENTIAL REFRIGERATOR
6.2.2 COMMERCIAL REFRIGERATOR
6.2.3 INSULATED CONTAINERS AND SIPPERS
6.2.4 INSULATING CONSTRUCTION AND MATERIAL
6.2.5 ELECTRICAL & ELECTRONICS
6.2.6 PERSONAL CARE PRODUCTS
7 CYCLOPENTANE MARKET, BY FUNCTION
7.1 INTRODUCTION
FIGURE 16 BLOWING AGENT & REFRIGERANT TO BE FASTEST-GROWING FUNCTION OF CYCLOPENTANE MARKET DURING THE FORECAST PERIOD
TABLE 3 CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)
TABLE 4 CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (KILOTON)
7.2 BLOWING AGENT & REFRIGERANT
TABLE 5 BLOWING AGENT & REFRIGERANT: CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 6 BLOWING AGENT & REFRIGERANT: CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026 (KILOTON)
7.3 SOLVENT & REAGENT
TABLE 7 SOLVENT & REAGENT: CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026, (USD MILLION)
TABLE 8 SOLVENT & REAGENT: CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026, (KILOTON)
7.4 OTHERS
TABLE 9 OTHER FUNCTIONS: CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 10 OTHER FUNCTIONS: CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026 (KILOTON)
8 CYCLOPENTANE MARKET, BY APPLICATION
8.1 INTRODUCTION
FIGURE 17 INSULATED CONTAINERS AND SIPPERS TO BE LARGEST APPLICATION SEGMENT IN CYCLOPENTANE MARKET BETWEEN 2021 AND 2026
TABLE 11 CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
8.2 RESIDENTIAL REFRIGERATORS
TABLE 12 CYCLOPENTANE MARKET SIZE IN RESIDENTIAL REFRIGERATORS APPLICATION, BY REGION, 2018–2026 (USD MILLION)
8.3 COMMERCIAL REFRIGERATORS
TABLE 13 CYCLOPENTANE MARKET SIZE IN COMMERCIAL REFRIGERATORS APPLICATION, BY REGION, 2018–2026 (USD MILLION)
8.4 INSULATED CONTAINERS AND SIPPERS
TABLE 14 CYCLOPENTANE MARKET SIZE IN INSULATED CONTAINERS AND SIPPERS APPLICATION, BY REGION, 2018–2026 (USD MILLION)
8.5 INSULATING CONSTRUCTION MATERIALS
TABLE 15 CYCLOPENTANE MARKET SIZE IN INSULATING CONSTRUCTION MATERIALS APPLICATION, BY REGION, 2018–2026 (USD MILLION)
8.6 ELECTRICAL & ELECTRONICS
TABLE 16 CYCLOPENTANE MARKET SIZE IN ELECTRICAL & ELECTRONICS APPLICATION, BY REGION, 2018–2026 (USD MILLION)
8.7 PERSONAL CARE PRODUCTS
TABLE 17 CYCLOPENTANE MARKET SIZE IN PERSONAL CARE PRODUCTS APPLICATION, BY REGION, 2018–2026 (USD MILLION)
8.8 FUEL AND FUEL ADDITIVES
TABLE 18 CYCLOPENTANE MARKET SIZE IN FUEL & FUEL ADDITIVES APPLICATION, BY REGION, 2018–2026 (USD MILLION)
8.9 OTHERS
TABLE 19 CYCLOPENTANE MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2018–2026 (USD MILLION)
9 CYCLOPENTANE MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 18 ASIA PACIFIC TO HOLD LARGEST SHARE FOR CYCLOPENTANE MARKET DURING FORECAST PERIOD
TABLE 20 CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 21 CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026 (KILOTON)
9.2 ASIA PACIFIC
FIGURE 19 ASIA PACIFIC: CYCLOPENTANE MARKET SNAPSHOT
TABLE 22 ASIA PACIFIC: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
TABLE 23 ASIA PACIFIC: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (KILOTON)
TABLE 24 ASIA PACIFIC: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)
TABLE 25 ASIA PACIFIC: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (KILOTON)
TABLE 26 ASIA PACIFIC: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.2.1 CHINA
TABLE 27 CHINA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.2.2 SOUTH KOREA
TABLE 28 SOUTH KOREA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.2.3 JAPAN
TABLE 29 JAPAN: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.2.4 INDIA
TABLE 30 INDIA: CYCLOPENTANE MARKET SIZE, BY APPLICATION
2018–2026 (USD MILLION)
9.2.5 REST OF ASIA PACIFIC
TABLE 31 REST OF ASIA PACIFIC: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.3 EUROPE
FIGURE 20 EUROPE: CYCLOPENTANE MARKET SNAPSHOT
TABLE 32 EUROPE: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
TABLE 33 EUROPE: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (KILOTON)
TABLE 34 EUROPE: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)
TABLE 35 EUROPE: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (KILOTON)
TABLE 36 EUROPE: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.3.1 GERMANY
TABLE 37 GERMANY: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.3.2 FRANCE
TABLE 38 FRANCE: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.3.3 UK
TABLE 39 UK: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.3.4 ITALY
TABLE 40 ITALY: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.3.5 REST OF EUROPE
TABLE 41 REST OF EUROPE: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.4 NORTH AMERICA
FIGURE 21 NORTH AMERICA: CYCLOPENTANE MARKET SNAPSHOT
TABLE 42 NORTH AMERICA: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
TABLE 43 NORTH AMERICA: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (KILOTON)
TABLE 44 NORTH AMERICA: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)
TABLE 45 NORTH AMERICA: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (KILOTON)
TABLE 46 NORTH AMERICA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.4.1 US
TABLE 47 US: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.4.2 MEXICO
TABLE 48 MEXICO: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.4.3 CANADA
TABLE 49 CANADA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD THOUSAND)
9.5 MIDDLE EAST & AFRICA
TABLE 50 MIDDLE EAST & AFRICA: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
TABLE 51 MIDDLE EAST & AFRICA: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (KILOTON)
TABLE 52 MIDDLE EAST & AFRICA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
TABLE 53 MIDDLE EAST & AFRICA: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)
TABLE 54 MIDDLE EAST & AFRICA: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (KILOTON)
9.5.1 SAUDI ARABIA
TABLE 55 SAUDI ARABIA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.5.2 SOUTH AFRICA
TABLE 56 SOUTH AFRICA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.5.3 REST OF MIDDLE EAST & AFRICA
TABLE 57 REST OF MIDDLE EAST & AFRICA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.6 SOUTH AMERICA
TABLE 58 SOUTH AMERICA: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
TABLE 59 SOUTH AMERICA: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (KILOTON)
TABLE 60 SOUTH AMERICA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
TABLE 61 SOUTH AMERICA: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)
TABLE 62 SOUTH AMERICA: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (KILOTON)
9.6.1 BRAZIL
TABLE 63 BRAZIL: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.6.2 ARGENTINA
TABLE 64 ARGENTINA CYCLOPENTANE MARKET, BY APPLICATION
2018-2026 (USD THOUSAND)
9.6.3 REST OF SOUTH AMERICA
TABLE 65 REST OF SOUTH AMERICA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 MARKET RANKING ANALYSIS
TABLE 66 COMPANY LIST WITH THEIR PRODUCTION VOLUMES IN 2020
10.3 COMPETITIVE SITUATION AND TRENDS
10.3.1 RECENT DEVELOPMENTS
11 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, and MnM View)*
11.1 KEY COMPANIES
11.1.1 HCS GROUP
TABLE 67 HCS GROUP: BUSINESS OVERVIEW
11.1.2 JILIN BEIHUA FINE CHEMICAL CO., LTD.
TABLE 68 JILIN BEIHUA FINE CHEMICAL CO.,LTD.: BUSINESS OVERVIEW
11.1.3 DYMATIC CHEMICALS, INC.
TABLE 69 DYMATIC CHEMICALS, INC.: BUSINESS OVERVIEW
11.1.4 INEOS
TABLE 70 INEOS: COMPANY OVERVIEW
FIGURE 22 INEOS: COMPANY SNAPSHOT
11.1.5 LIAONING YUFENG CHEMICAL CO., LTD.
TABLE 71 LIAONING YUFENG CHEMICAL CO.,LTD.: BUSINESS OVERVIEW
11.1.6 MARUZEN PETROCHEMICAL
TABLE 72 MARUZEN PETROCHEMICAL: BUSINESS OVERVIEW
11.1.7 CHEVRON PHILLIPS CHEMICAL COMPANY LLC
TABLE 73 CHEVRON PHILLIPS CHEMICAL COMPANY LLC: BUSINESS OVERVIEW
FIGURE 23 CHEVRON PHILLIPS CHEMICAL COMPANY: COMPANY SNAPSHOT
11.1.8 YEOCHUN NCC CO., LTD.
TABLE 74 YEOCHUN NCC CO.,LTD.: COMPANY OVERVIEW
11.1.9 SOUTH HAMPTON RESOURCES
TABLE 75 SOUTH HAMPTON RESOURCES: COMPANY OVERVIEW
11.1.10 ZEON CORPORATION
TABLE 76 ZEON CORPORATION: BUSINESS OVERVIEW
FIGURE 24 ZEON CORPORATION: COMPANY SNAPSHOT
11.2 OTHER PLAYERS
11.2.1 HALDIA PETROCHEMICALS LIMITED
TABLE 77 HALDIA PETROCHEMICALS LIMITED: BUSINESS OVERVIEW
11.2.2 LG CHEM
TABLE 78 LG CHEM: BUSINESS OVERVIEW
11.2.3 PUYANG ZHONGWEI FINE CHEMICAL CO.,LTD.
TABLE 79 PUYANG ZHONGWEI FINE CHEMICAL CO.,LTD: BUSINESS OVERVIEW
11.2.4 SK GLOBAL CHEMICAL CO., LTD.
TABLE 80 SK GLOBAL CHEMICAL CO., LTD.: BUSINESS OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
12 ADJACENT AND RELATED MARKETS
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 CYCLOPENTANE INTERCONNECTED MARKETS
12.3.1 BLOWING AGENTS MARKET
12.3.1.1 Market definition
12.3.1.2 Market overview
12.3.1.3 Blowing agents market, by foam
12.3.1.3.1 Polyurethane Foam (PU)
12.3.1.3.2 Polystyrene Foam (PS)
12.3.1.3.3 Phenolic Foam
12.3.1.3.4 Polyolefin Foam
12.3.1.3.5 Others
TABLE 81 BLOWING AGENT MARKET SIZE, BY FOAM, 2021–2026 (KILOTON)
TABLE 82 BLOWING AGENT MARKET SIZE, BY FOAM, 2021–2026 (USD MILLION)
12.3.2 REFRIGERANTS MARKET
12.3.2.1 Market definition
12.3.2.2 Market overview
12.3.2.3 Refrigerants market, by application type
12.3.2.3.1 Refrigerations system
12.3.2.3.2 chillers
12.3.2.3.3 Air conditioning systems
12.3.2.3.4 Mobile air conditioning
TABLE 83 REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 84 REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON)
13 APPENDIX
13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
1.1 OBJECTIVES OF STUDY
1.2 MARKET DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
1.3.1 CYCLOPENTANE MARKET, BY REGION: INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
FIGURE 1 CYCLOPENTANE MARKET SEGMENTATION
1.4.1 REGIONS COVERED
1.4.2 YEARS CONSIDERED FOR STUDY
1.5 CURRENCY
1.6 UNIT CONSIDERED
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 CYCLOPENTANE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
2.3 DATA TRIANGULATION
FIGURE 5 CYCLOPENTANE MARKET: DATA TRIANGULATION
2.4 ASSUMPTIONS
3 EXECUTIVE SUMMARY
FIGURE 6 BLOWING AGENT & REFRIGERANT TO BE LARGEST FUNCTION OF CYCLOPENTANE
FIGURE 7 INSULATED CONTAINERS AND SIPPERS TO BE LARGEST APPLICATION OF CYCLOPENTANE BETWEEN 2021 AND 2026
FIGURE 8 ASIA PACIFIC DOMINATED CYCLOPENTANE MARKET IN 2020
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN THE CYCLOPENTANE MARKET
FIGURE 9 CYCLOPENTANE MARKET TO REGISTER HIGH GROWTH DURING
FORECAST PERIOD
4.2 CYCLOPENTANE MARKET, BY REGION
FIGURE 10 NORTH AMERICA TO BE FASTEST-GROWING MARKET BETWEEN
2021 AND 2026
4.3 CYCLOPENTANE MARKET, BY APPLICATION
FIGURE 11 ELECTRICAL & ELECTRONICS TO BE FASTEST-GROWING APPLICATION SEGMENT BETWEEN 2021 AND 2026
4.4 CYCLOPENTANE MARKET IN ASIA PACIFIC, BY FUNCTION AND COUNTRY IN VOLUME
FIGURE 12 CHINA ACCOUNTED FOR LARGEST SHARE OF CYCLOPENTANE
MARKET IN 2020
4.5 CYCLOPENTANE MARKET ATTRACTIVENESS
FIGURE 13 CYCLOPENTANE MARKET TO REGISTER HIGH GROWTH IN CANADA
AND MEXICO BETWEEN 2021 AND 2026
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 14 OVERVIEW OF FACTORS GOVERNING THE CYCLOPENTANE MARKET
5.2.1 DRIVERS
5.2.1.1 Global phase-out of HCFCs by 85% by late 2040s
5.2.2 RESTRAINTS
5.2.2.1 High capital investments
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing use of blowing agents in the construction, automotive, and appliance industries
5.2.4 CHALLENGES
5.2.4.1 Flammability of cyclopentane
5.3 PORTER’S FIVE FORCES ANALYSIS
FIGURE 15 CYCLOPENTANE MARKET: PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 BARGAINING POWER OF SUPPLIERS
5.3.3 THREAT OF SUBSTITUTES
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 REGULATIONS
5.4.1 MONTREAL PROTOCOL (MP)
5.4.2 KYOTO PROTOCOL
5.4.3 U.S. ENVIRONMENT PROTECTION AGENCY (EPA)– SNAP PROGRAM
5.5 ADJACENT AND INTERCONNECTED MARKETS
TABLE 1 ADJACENT AND NTERCONNECTED MARKETS (USD MILLION)
5.6 IMPACT OF COVID-19 ON CYCLOPENTANE MARKET
5.6.1 IMPACT OF COVID-19
5.6.2 ECONOMIC OUTLOOK
TABLE 2 THE TABLE BELOW REPRESENTS THE ECONOMIC OUTLOOK
PROJECTED BY IMF FOR 2021 AND 2022
6 IMPACT OF COVID-19: CUSTOMER ANALYSIS
6.1 INTRODUCTION
6.2 IMPACT ON END-USE INDUSTRIES
6.2.1 RESIDENTIAL REFRIGERATOR
6.2.2 COMMERCIAL REFRIGERATOR
6.2.3 INSULATED CONTAINERS AND SIPPERS
6.2.4 INSULATING CONSTRUCTION AND MATERIAL
6.2.5 ELECTRICAL & ELECTRONICS
6.2.6 PERSONAL CARE PRODUCTS
7 CYCLOPENTANE MARKET, BY FUNCTION
7.1 INTRODUCTION
FIGURE 16 BLOWING AGENT & REFRIGERANT TO BE FASTEST-GROWING FUNCTION OF CYCLOPENTANE MARKET DURING THE FORECAST PERIOD
TABLE 3 CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)
TABLE 4 CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (KILOTON)
7.2 BLOWING AGENT & REFRIGERANT
TABLE 5 BLOWING AGENT & REFRIGERANT: CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 6 BLOWING AGENT & REFRIGERANT: CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026 (KILOTON)
7.3 SOLVENT & REAGENT
TABLE 7 SOLVENT & REAGENT: CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026, (USD MILLION)
TABLE 8 SOLVENT & REAGENT: CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026, (KILOTON)
7.4 OTHERS
TABLE 9 OTHER FUNCTIONS: CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 10 OTHER FUNCTIONS: CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026 (KILOTON)
8 CYCLOPENTANE MARKET, BY APPLICATION
8.1 INTRODUCTION
FIGURE 17 INSULATED CONTAINERS AND SIPPERS TO BE LARGEST APPLICATION SEGMENT IN CYCLOPENTANE MARKET BETWEEN 2021 AND 2026
TABLE 11 CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
8.2 RESIDENTIAL REFRIGERATORS
TABLE 12 CYCLOPENTANE MARKET SIZE IN RESIDENTIAL REFRIGERATORS APPLICATION, BY REGION, 2018–2026 (USD MILLION)
8.3 COMMERCIAL REFRIGERATORS
TABLE 13 CYCLOPENTANE MARKET SIZE IN COMMERCIAL REFRIGERATORS APPLICATION, BY REGION, 2018–2026 (USD MILLION)
8.4 INSULATED CONTAINERS AND SIPPERS
TABLE 14 CYCLOPENTANE MARKET SIZE IN INSULATED CONTAINERS AND SIPPERS APPLICATION, BY REGION, 2018–2026 (USD MILLION)
8.5 INSULATING CONSTRUCTION MATERIALS
TABLE 15 CYCLOPENTANE MARKET SIZE IN INSULATING CONSTRUCTION MATERIALS APPLICATION, BY REGION, 2018–2026 (USD MILLION)
8.6 ELECTRICAL & ELECTRONICS
TABLE 16 CYCLOPENTANE MARKET SIZE IN ELECTRICAL & ELECTRONICS APPLICATION, BY REGION, 2018–2026 (USD MILLION)
8.7 PERSONAL CARE PRODUCTS
TABLE 17 CYCLOPENTANE MARKET SIZE IN PERSONAL CARE PRODUCTS APPLICATION, BY REGION, 2018–2026 (USD MILLION)
8.8 FUEL AND FUEL ADDITIVES
TABLE 18 CYCLOPENTANE MARKET SIZE IN FUEL & FUEL ADDITIVES APPLICATION, BY REGION, 2018–2026 (USD MILLION)
8.9 OTHERS
TABLE 19 CYCLOPENTANE MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2018–2026 (USD MILLION)
9 CYCLOPENTANE MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 18 ASIA PACIFIC TO HOLD LARGEST SHARE FOR CYCLOPENTANE MARKET DURING FORECAST PERIOD
TABLE 20 CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 21 CYCLOPENTANE MARKET SIZE, BY REGION, 2018–2026 (KILOTON)
9.2 ASIA PACIFIC
FIGURE 19 ASIA PACIFIC: CYCLOPENTANE MARKET SNAPSHOT
TABLE 22 ASIA PACIFIC: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
TABLE 23 ASIA PACIFIC: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (KILOTON)
TABLE 24 ASIA PACIFIC: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)
TABLE 25 ASIA PACIFIC: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (KILOTON)
TABLE 26 ASIA PACIFIC: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.2.1 CHINA
TABLE 27 CHINA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.2.2 SOUTH KOREA
TABLE 28 SOUTH KOREA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.2.3 JAPAN
TABLE 29 JAPAN: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.2.4 INDIA
TABLE 30 INDIA: CYCLOPENTANE MARKET SIZE, BY APPLICATION
2018–2026 (USD MILLION)
9.2.5 REST OF ASIA PACIFIC
TABLE 31 REST OF ASIA PACIFIC: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.3 EUROPE
FIGURE 20 EUROPE: CYCLOPENTANE MARKET SNAPSHOT
TABLE 32 EUROPE: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
TABLE 33 EUROPE: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (KILOTON)
TABLE 34 EUROPE: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)
TABLE 35 EUROPE: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (KILOTON)
TABLE 36 EUROPE: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.3.1 GERMANY
TABLE 37 GERMANY: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.3.2 FRANCE
TABLE 38 FRANCE: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.3.3 UK
TABLE 39 UK: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.3.4 ITALY
TABLE 40 ITALY: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.3.5 REST OF EUROPE
TABLE 41 REST OF EUROPE: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.4 NORTH AMERICA
FIGURE 21 NORTH AMERICA: CYCLOPENTANE MARKET SNAPSHOT
TABLE 42 NORTH AMERICA: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
TABLE 43 NORTH AMERICA: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (KILOTON)
TABLE 44 NORTH AMERICA: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)
TABLE 45 NORTH AMERICA: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (KILOTON)
TABLE 46 NORTH AMERICA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.4.1 US
TABLE 47 US: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.4.2 MEXICO
TABLE 48 MEXICO: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.4.3 CANADA
TABLE 49 CANADA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD THOUSAND)
9.5 MIDDLE EAST & AFRICA
TABLE 50 MIDDLE EAST & AFRICA: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
TABLE 51 MIDDLE EAST & AFRICA: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (KILOTON)
TABLE 52 MIDDLE EAST & AFRICA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
TABLE 53 MIDDLE EAST & AFRICA: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)
TABLE 54 MIDDLE EAST & AFRICA: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (KILOTON)
9.5.1 SAUDI ARABIA
TABLE 55 SAUDI ARABIA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.5.2 SOUTH AFRICA
TABLE 56 SOUTH AFRICA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.5.3 REST OF MIDDLE EAST & AFRICA
TABLE 57 REST OF MIDDLE EAST & AFRICA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.6 SOUTH AMERICA
TABLE 58 SOUTH AMERICA: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
TABLE 59 SOUTH AMERICA: CYCLOPENTANE MARKET SIZE, BY COUNTRY, 2018–2026 (KILOTON)
TABLE 60 SOUTH AMERICA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
TABLE 61 SOUTH AMERICA: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (USD MILLION)
TABLE 62 SOUTH AMERICA: CYCLOPENTANE MARKET SIZE, BY FUNCTION, 2018–2026 (KILOTON)
9.6.1 BRAZIL
TABLE 63 BRAZIL: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
9.6.2 ARGENTINA
TABLE 64 ARGENTINA CYCLOPENTANE MARKET, BY APPLICATION
2018-2026 (USD THOUSAND)
9.6.3 REST OF SOUTH AMERICA
TABLE 65 REST OF SOUTH AMERICA: CYCLOPENTANE MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 MARKET RANKING ANALYSIS
TABLE 66 COMPANY LIST WITH THEIR PRODUCTION VOLUMES IN 2020
10.3 COMPETITIVE SITUATION AND TRENDS
10.3.1 RECENT DEVELOPMENTS
11 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, and MnM View)*
11.1 KEY COMPANIES
11.1.1 HCS GROUP
TABLE 67 HCS GROUP: BUSINESS OVERVIEW
11.1.2 JILIN BEIHUA FINE CHEMICAL CO., LTD.
TABLE 68 JILIN BEIHUA FINE CHEMICAL CO.,LTD.: BUSINESS OVERVIEW
11.1.3 DYMATIC CHEMICALS, INC.
TABLE 69 DYMATIC CHEMICALS, INC.: BUSINESS OVERVIEW
11.1.4 INEOS
TABLE 70 INEOS: COMPANY OVERVIEW
FIGURE 22 INEOS: COMPANY SNAPSHOT
11.1.5 LIAONING YUFENG CHEMICAL CO., LTD.
TABLE 71 LIAONING YUFENG CHEMICAL CO.,LTD.: BUSINESS OVERVIEW
11.1.6 MARUZEN PETROCHEMICAL
TABLE 72 MARUZEN PETROCHEMICAL: BUSINESS OVERVIEW
11.1.7 CHEVRON PHILLIPS CHEMICAL COMPANY LLC
TABLE 73 CHEVRON PHILLIPS CHEMICAL COMPANY LLC: BUSINESS OVERVIEW
FIGURE 23 CHEVRON PHILLIPS CHEMICAL COMPANY: COMPANY SNAPSHOT
11.1.8 YEOCHUN NCC CO., LTD.
TABLE 74 YEOCHUN NCC CO.,LTD.: COMPANY OVERVIEW
11.1.9 SOUTH HAMPTON RESOURCES
TABLE 75 SOUTH HAMPTON RESOURCES: COMPANY OVERVIEW
11.1.10 ZEON CORPORATION
TABLE 76 ZEON CORPORATION: BUSINESS OVERVIEW
FIGURE 24 ZEON CORPORATION: COMPANY SNAPSHOT
11.2 OTHER PLAYERS
11.2.1 HALDIA PETROCHEMICALS LIMITED
TABLE 77 HALDIA PETROCHEMICALS LIMITED: BUSINESS OVERVIEW
11.2.2 LG CHEM
TABLE 78 LG CHEM: BUSINESS OVERVIEW
11.2.3 PUYANG ZHONGWEI FINE CHEMICAL CO.,LTD.
TABLE 79 PUYANG ZHONGWEI FINE CHEMICAL CO.,LTD: BUSINESS OVERVIEW
11.2.4 SK GLOBAL CHEMICAL CO., LTD.
TABLE 80 SK GLOBAL CHEMICAL CO., LTD.: BUSINESS OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
12 ADJACENT AND RELATED MARKETS
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 CYCLOPENTANE INTERCONNECTED MARKETS
12.3.1 BLOWING AGENTS MARKET
12.3.1.1 Market definition
12.3.1.2 Market overview
12.3.1.3 Blowing agents market, by foam
12.3.1.3.1 Polyurethane Foam (PU)
12.3.1.3.2 Polystyrene Foam (PS)
12.3.1.3.3 Phenolic Foam
12.3.1.3.4 Polyolefin Foam
12.3.1.3.5 Others
TABLE 81 BLOWING AGENT MARKET SIZE, BY FOAM, 2021–2026 (KILOTON)
TABLE 82 BLOWING AGENT MARKET SIZE, BY FOAM, 2021–2026 (USD MILLION)
12.3.2 REFRIGERANTS MARKET
12.3.2.1 Market definition
12.3.2.2 Market overview
12.3.2.3 Refrigerants market, by application type
12.3.2.3.1 Refrigerations system
12.3.2.3.2 chillers
12.3.2.3.3 Air conditioning systems
12.3.2.3.4 Mobile air conditioning
TABLE 83 REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 84 REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON)
13 APPENDIX
13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
The report "Cyclopentane Market by Function (Blowing Agent & Refrigerant, Solvent & Reagent), Application(Residential Refrigerator, Commercial Refrigerator, Insulated containers and sippers, and others), and Region - Global Forecasts to 2023", The cyclopentane market is projected to grow from USD 242.4 million in 2018 to reach USD 335.7 million by 2023, at a CAGR of 6.7%.
Major companies profiled in this report include:
HCS Group (Germany), Jilin Beihua Fine Chemical Co., Ltd. (China), DYMATIC Chemicals Inc. (UK), INEOS (UK), Liaoning Yufeng Chemical Co., Ltd. (China), Maruzen Petrochemical (Japan), Chevron Phillips Chemical Company LLC (US), YEOCHUN NCC Co., Ltd. (South Korea), South Hampton Resources (US), and SK Global Chemical Co., Ltd. (South Korea) among others.
The report covers the cyclopentane market across different applications and regions. It aims at estimating the market size and future growth potential of the cyclopentane market across different segments. The report also includes an in-depth competitive analysis of the key market players along with their profiles, recent developments, and key growth strategies.
Breakdown of profiles of primary interviews for the cyclopentane market report
- By Company Type – Tier 1 – 50%, Tier 2 –33%, and Tier 3 – 17%
- By Designation – C Level – 17%, Director Level – 33%, and Others – 50%
- By Region – APAC – 50%, Europe – 25%, and North America – 25%
HCS Group (Germany) is one of the leading manufacturers of cyclopentane and has established its brand in different regions. The company is a significant player in the cyclopentane market. It had the largest production volume in 2017. The company manufactures cyclopentane used for specific and general applications. It has expanded its production capacities in Germany and the US by adopting expansion strategies in 2016 and 2017.
Jilin Beihua Fine Chemical Co., Ltd. (China) is another major player in the cyclopentane market that has large production capacity. The company has well-developed facilities with high production capacities. The company manufactures cyclopentane for general purposes.
Among function, the blowing agent & refrigerant market had the largest market share in 2017
On the basis of function, the cyclopentane market has been segmented into blowing agent & refrigerant, solvent & reagent, and others. The blowing agent & refrigerant segment accounted for the largest share of the cyclopentane market in 2017 and is projected to register the highest CAGR during the forecast period. The demand for cyclopentane is expected to increase, during the forecast period, owing to the planned phase-out of cyclopentane by 85% by the late 2040s.
The residential refrigerators segment is projected to register the highest CAGR between 2018 and 2023
The residential refrigerators segment is projected to record the highest CAGR in the cyclopentane market during the forecast period. In the residential refrigerators application, the use of existing blowing agents is expected to phase-out by 2030s, as they have high ODP and GWP. This factor has promoted the use of eco-friendly blowing agent & refrigerants, subsequently driving the demand for cyclopentane.
APAC was the largest market for cyclopentane in 2017
The growth of the cyclopentane market in APAC is attributed to the increasing demand from the residential refrigerators and construction applications, where cyclopentane is used as a blowing agent and refrigerant. The low-cost and easy availability of raw materials, skilled labor, land, and equipment have helped APAC emerge as a key destination for appliances manufacturers, which, in turn, is increasing the use of cyclopentane.
