Cyclopentane Market Size – USD 237.7 Million in 2018, Market Growth - CAGR of 6.7%, Market Trends – Product launches and mergers and acquisitions for production of Cyclopentane
New York, NY -- (SBWIRE) -- 05/04/2021 -- Increasing preference of environment-friendly insulation materials, analytical & scientific applications of cyclopentane, and rising demand from automotive & construction industries are key factors contributing to a high CAGR of Cyclopentane market during the forecast period.
Market Size – USD 237.7 Million in 2018, Market Growth - CAGR of 6.7%, Market Trends – Product launches and mergers and acquisitions for production of Cyclopentane
According to the current analysis of Reports and Data, the global Cyclopentane market was valued at USD 237.7 Million in 2018 and is expected to reach USD 400.3 Million by year 2026, at a CAGR of 6.7%. Cyclopentane is an environmentally friendly and cost-effective insulation material which would be used dominantly for insulation after phasing out of insulation material containing Hydrofluorocarbons. Cyclopentane has zero OPD and a very low GWP, which reduces CO2 emissions drastically. It is a blowing agent for polyurethane foams that are used to insulate refrigerators and freezers and is used in the production of synthetic resins, rubber adhesives, and personal care products such as perfumes.
Greenhouse gases are released in large quantities due to human activities, and in view of the current level of emissions their atmospheric concentrations are expected to increase over the coming years. The major issue is with such gases used in refrigeration, which tend to be ozone-harming. Cyclopentane is considered a cost-effective solution to HCFC-141b, as it has the highest initial R-value, good peel adhesion, and good solubility with other raw materials. Many foam manufacturers opt for cyclopentane over HCFC-141b due to it being the cheaper alternative and zero Ozone Depletion Potential (ODP) and low Global Warming Potential (GWP). Compared to other fluorocarbons, cyclopentane is less potent as a global warming agent and does not break down into acids. These favorable properties are expected to drive the demand for cyclopentane in the application of blowing agents and refrigerants in the forecast period.
Key participants include Liaoning Yufeng Chemical Co. Ltd., Chevron Phillips Chemical Company, HCS Group GmbH, Dymatic Chemicals, Ineos, Yeochun NCC Co. Ltd., EQX Material, Hunan precision equipment manufacturing Co. Ltd., South Hampton Resources, Maruzen Petrochemical, SK global chemical Co. Ltd, Haldia Petrochemicals Limited, HPLA Group, LG Chem, Pure Chemicals, Trecora Resources, Sinteco S.R.L, EnC Global, and OCI Company Ltd.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2222
Further key findings from the report suggest
- The cyclopentane market is rising at a CAGR of 3% in Asia Pacific, followed by Europe and North America, with 6.5% and 6.3% CAGR, respectively. Increasing use of environment-friendly insulation materials worldwide is the key factor in accelerating cyclopentane market growth during forecast period across all regions.
- As of 2018, the Residential refrigerant segment is dominating cyclopentane, which holds 33.7% of the global market. Asia Pacific regional market is the chief revenue-generating source for this product segment, followed by Europe and North American regions
- Insulating construction materials is expected to be the fastest-growing market segment during the forecast period 2019-2026 with a CAGR of 7.4%.
- The solvent and Reagents segment was valued at USD 81.1 Million in 2018 and is expected to reach USD 134.6 Million by 2026.
- Blowing agent and Refrigerant is the dominant function segment of the global Cyclopentane It is further anticipated to register the fastest growth with a CAGR of 7.1% during the forecast period.
- The Asia Pacific is expected to account for 34.7% of the global Cyclopentane market. Developing nations such as China and India are likely to witness high growth
- North America is the third-largest region in terms of revenue generation. It accounts for 24.3% of the market share.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/cyclopentane-market
For the purpose of this report, Reports and Data has segmented the Cyclopentanes market on the basis of function, application, and region:
Function (Revenue, USD Million; Volume in Kilo Tons, 2016–2026)
Blowing agent & Refrigerant
Solvent & Reagent
Others
Application (Revenue, USD Million; Volume in Kilo Tons, 2016–2026)
Residential Refrigerants
Commercial Refrigerants
Insulated containers & sippers
Electrical & Electronics
Insulating construction materials
Care products
Fuel & Fuel additives
Others
Regional Outlook (Revenue in USD Million; Volume in Kilo Tons, 2016–2026)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2222
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. Increasing use of Cyclopentanes as insulating materials
3.2. Wide Analytical & scientific applications
3.3. Growing demand for resins for the production of coating and adhesives
Chapter 4. Cyclopentanes Segmentation & Impact Analysis
4.1. Cyclopentanes Segmentation Analysis
4.2. Cyclopentanes Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Cyclopentanes Market Impact Analysis
4.4.1. Market driver analysis
4.4.2. Market restraint analysis
4.5. Key opportunities prioritized
4.6. Cyclopentanes Pricing Analysis
4.7. Industry analysis - Porter's
4.8. Cyclopentanes PESTEL Analysis
….
Chapter 8. Competitive Landscape
8.1. Market Revenue Share by Manufacturers
8.2. Manufacturing Cost Breakdown Analysis
8.3. Mergers & Acquisitions
8.4. Strategy Benchmarking
8.5. Vendor Landscape
Chapter 9. Company Profiles
9.1. HCS Group GmbH
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Length Benchmarking
9.1.4. Strategic Initiatives
9.2. Dymatic Chemicals
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Length Benchmarking
9.2.4. Strategic Initiatives
9.3. Ineos
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Length Benchmarking
9.3.4. Strategic Initiatives
9.4. Liaoning Yufeng Chemical Co. Ltd.
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Length Benchmarking
9.4.4. Strategic Initiatives
9.5. Maruzen Petrochemical
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Length Benchmarking
9.5.4. Strategic Initiatives
Continue….
Thank you for reading our report. For further query on the report and customization, please connect with us. Our team will ensure you get the report best suited for your needs.
Browse More Reports:
Managed Detection and Response (MDR) Market Opportunity
Internet of Things (IoT) Professional Services Market Overview
Building Analytics Market Demand
Internet of Things (IoT) Market Growth
Desktop Virtualization Market Analysis
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com