Global Cyclopentane Market, By Application (Residential Refrigerators, Commercial Refrigerators, Insulated Containers & Sippers, Insulating Construction Materials, Electrical & Electronics, Personal Care Products, Fuel & Fuel Additives, Others), Function (Blowing Agent & Refrigerant, Solvent & Reagent, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Cyclopentane Market
Cyclopentane market will grow at a rate of 6.95% for the forecast period of 2021 to 2028. Rising plans of phasing out the usage of hydro chlorofluorocarbon is a vital factor driving the growth of cyclopentane market.
Cyclopentane is a type of highly flammable alicyclic hydrocarbon which is used in the manufacturing of synthetic resins and rubber adhesives and also transforming the phase of cellular structure of polyurethane insulating foam, used in commercial refrigerators. It is type of colorless in nature and has a similar odour as to that of petrol. Its main benefits and why its replacing other harmful chemicals in refrigerators is due to its zero ozone layer depletion and very low global warming potential.
Rising plans of phasing out the usage of hydro chlorofluorocarbon is the vital factor escalating the market growth, also rising increasing performance standards and growing concerns regarding the environment, increasing demand for commercial and residential refrigerators, rising technological advancements, increasing financial improvement, and rising wide application over a majority of industries and analytical and scientific applications such as manufacturing of reinforcement and rising composite materials of fiberglass are the major factors among others driving the cyclopentane market. Moreover, rising use of blowing agents in the construction, automotive, and appliance industries and rising research and development activities in the market will further create new opportunities for the cyclopentane market in the forecast period of 2021- 2028.
However, rising requirements of high cost of start-up and installation costs and increasing side effects related to health associated with the increased amount of consumption of cyclopentane during the production process are the major factors among others acting as restraints, while rising flammability of cyclopentane will further challenge the growth of cyclopentane market in the forecast period mentioned above.
This cyclopentane market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on cyclopentane market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Cyclopentane Market Scope and Market Size
Cyclopentane market is segmented on the basis of application and function. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on application, the cyclopentane market is segmented into residential refrigerators, commercial refrigerators, insulated containers & sippers, insulating construction materials, electrical & electronics, personal care products, fuel & fuel additives and others.
- The cyclopentane market is also segmented on the basis of function into blowing agent & refrigerant, solvent & reagent and others.
Cyclopentane Market Country Level Analysis
Cyclopentane market is analysed and market size, volume information is provided by country, application and function as referenced above.
The countries covered in the cyclopentane market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the cyclopentane market due to hiking demand for commercial and residential refrigerators, rising increasing performance standards and growing concerns regarding the environment, rising technological advancements, increasing financial improvement, and rising wide application over a majority of industries and analytical and scientific applications such as manufacturing of reinforcement in this region.
The country section of the cyclopentane market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cyclopentane Market Share Analysis
Cyclopentane market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cyclopentane market.
The major players covered in the cyclopentane market report are HCS Group GmbH, Dymatic Chemicals, Ineos, Liaoning Yufeng Chemical Co. Ltd., Maruzen Petrochemical, Chevron Phillips Chemical Company, YEOCHUN NCC CO. LTD., SOUTH HAMPTON RESOURCES, SK global chemical Co. Ltd, HPLA Group, LG Chem, Pure Chemicals, Haldia Petrochemicals Limited, and TRECORA RESOURCES, SINTECO S.R.L, EQX Material, Hunan precision equipment manufacturing Co. Ltd., EnC GLOBAL, and OCI COMPANY Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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