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To identify growth opportunities in the cyclopentane market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. APAC and North America will grow faster than the overall market. The market growth of Europe, MEA, and South America will be slower than the global market.
Some of the key findings from this cyclopentane market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
The refrigeration systems are undergoing significant technological changes, including improvements in mechanical components and PU foam. Manufacturers are increasingly focusing on blending high-performance and cost-effective blowing agents to balance their cost/performance position. However, the introduction of fourth-generation blowing agents such as cyclopentane, growing need for improved insulation values, and the potential to blend multiple blowing agents have increased the complexity of PU foam formulations. As a result, researchers are focusing on improvements in surfactant technology and changes in catalysts and polyols to overcome such challenges and realize the benefits of blended blowing agents. These technological advances in refrigeration systems are identified as one of the critical cyclopentane market trends, which will have a positive impact on the growth of the market.
PU foams are widely used in the automotive industry to manufacture various interior components and automotive parts. It is also used to make floor carpets, foam-cored entry doors, and garage doors in the construction industry. Cyclopentane is used as a blowing agent to produce PU foams. Hence, the growth of the automotive and construction industry will boost the demand for PU foams, which will further increase the demand for cyclopentane. This growing demand for foam blowing agents from the automotive and construction industries will boost the growth of the cyclopentane market at a CAGR of almost 6% during the forecast period.
The global cyclopentane market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this cyclopentane market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several cyclopentane companies, including:
The refrigerators segment will account for the largest cyclopentane market share. The high preference of cyclopentane for use as a blowing agent of polyurethane foams and the increasing refrigerator exports in China will fuel the demand for cyclopentane for refrigerator applications. This report provides an accurate prediction of the contribution of all segments to the growth of the cyclopentane market size.
With a complete study of the growth opportunities for companies, it has been identified that APAC will account for the largest cyclopentane market share throughout the forecast period. Factors such as the increasing demand for PU foams, the rise in construction activities, and the rising demand for electronic appliances in APAC will boost cyclopentane market growth in this region.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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