Global Cyclopentane Market 2019-2023

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

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Global cyclopentane industry overview

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.

Top cyclopentane companies covered in this market research report

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:

• HCS Group GmbH
• INEOS AG
• Merck KGaA
• YEOCHUN NCC Co. Ltd.
• Zeon Corp.

Cyclopentane market segmentation based on application

• Refrigerators
• Insulated construction materials
• Electrical and electronics
• Others

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.

Cyclopentane market segmentation based on geographic region

• APAC
• Europe
• MEA
• North America
• South America

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.

Key highlights of the global cyclopentane market report for the forecast period 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the cyclopentane market during the next five years
• Precise estimation of the global cyclopentane market worth and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cyclopentane industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of cyclopentane companies 

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