Cyclopentane Market 2022 Global Trends, Segments, Growth, Key Vendors Analysis, Import & Export, Revenue by Forecast to 2030

Market Overview

The cyclopentane market is expected to grow at a Compound Annual Growth Rate ( CAGR ) of 6.95 % over the forecast period (2021-2028). The global market value is anticipated to be worth USD 506.24 million by the end of the forecast period.

Get Sample Copy of Report at: https://www.marketresearchfuture.com/sample_request/10458 

Cyclopentane, also known as pentamethylene, is a highly inflammable alicyclic hydrocarbon. It is mainly used to manufacture synthetic rubber, resins, rubber adhesives and is also used as a blowing agent for polyurethane insulating foam. It is colorless to observe but possesses a petrol-like odor. Naturally, cyclopentane is present in natural carbon sources but industrially it is formed as a byproduct of cracking cyclohexane in the presence of alumina at a high temperature and pressure. It is used in the home refrigeration industry as an alternative to CFCs and HFCs.

The growing demand for environment-friendly freezing agents and suitable foam-blowing agents is driving the growth of the global cyclopentane market. Similarly, the rapid growth of the construction industry and increasing demand for resins and adhesives are also contributing to the market growth. Cyclopentane has the potential to replace harmful CFCs as refrigerants which have become its biggest market advantage. The other uses of the chemical like as solvent, fuel, and fuel additive, production of skincare products are also gaining prominence to bring better market prospects. 

The covid-19 pandemic had a bad impact on the global cyclopentane market. The poor performance of the various end-user industries led to a fall in the demand for cyclopentane across the globe. The halt in construction activities decreased the demand for resins and adhesives and so for cyclopentane too. Moreover, the closure of production industries to curb the virus spread declined the production rate. Furthermore, the market was also affected by disruptions in the supply chain amid the restrictions on travel during the acute pandemic period.

Browse Full Report @ https://www.marketresearchfuture.com/reports/cyclopentane-market-10458 

Industry News

Cyclopentane is emerging as a high-demand chemical owing to its less environmental impact, less toxicity, and lower production costs. The key players of the industry are focusing on diversification of the products and newer production techniques to meet the needs of various industries.

• On July 21, Halterman carless, a leading provider of high-quality hydrocarbon specialty products, became the world’s largest cyclopentane manufacturer by opening a new hydrogenation plant in Speyer, Germany.

Market Segmentation

Market Segmentation, By Application

• Blowing Agent,
• Solvent & Reagent
• Others

Market Segmentation, By End User

• Residential Refrigerators
• Commercial Refrigerators
• Construction
• Others

Enquire For Discount: https://www.marketresearchfuture.com/check-discount/10458 

Regional Analysis

The Global commercial refrigeration equipment market is segmented into five major regions namely: Asia-Pacific, North America, Europe, Latin America, and the Rest of the World including the Middle East & Africa. Among these different regions, Asia-pacific is the largest regional market holding about 43 % of the total market shares. Rapid industrialization, growth of the construction industry, development of the food and beverages industry are the major factors contributing to the market growth here. North America is the second-largest market. This region, the largest user of refrigerants, has been successful in adopting cyclopentane over CFCs as a refrigerant. The market in Europe is also showing a positive trend owing to governments’ focus and emphasis on environment-friendly chemicals.

Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=10458 

Table of Content :

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS 17

1.1.1 GLOBAL CYCLOPENTANE MARKET, BY APPLICATION 18

1.1.2 GLOBAL CYCLOPENTANE MARKET, BY END USER 19

1.1.3 GLOBAL CYCLOPENTANE MARKET, BY REGION 20

2 MARKET INTRODUCTION

2.1 DEFINITION 21

2.2 SCOPE OF THE STUDY 21

2.3 MARKET STRUCTURE 21

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS 22

3.2 PRIMARY RESEARCH 23

3.3 SECONDARY RESEARCH 24

3.4 MARKET SIZE ESTIMATION 24

3.5 FORECAST MODEL 25

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 26

4 MARKET DYNAMICS

4.1 INTRODUCTION 27

4.2 DRIVERS 29

4.2.1 HIGH DEMAND AS BLOWING AGENT FOR RIGID FOAM INSULATION 29

4.2.2 PHASE-OUT OF HCFCS AND HFCS REFRIGERANTS 29

4.3 RESTRAINT 30

4.3.1 AVAILABILITY OF SUBSTITUTE PRODUCTS 30

4.4 OPPORTUNITY 31

4.4.1 GROWING END-USE MARKETS IN EMERGING ECONOMIES 31

4.5 CHALLENGE 33

4.5.1 VOLATILITY IN RAW MATERIAL PRICES 33

Browse More Related Reports :

• Automotive Lubricants Market: Information By Material, Product Type, Application and Region—Forecast Till 2030
• Conductive Silicone Rubber Market: Information By Product, By Application – Forecast to 2030
• Cosmetics & Personal Care Ingredients Market: Information By Type, Application, End-Use, Region – Forecast till 2030
•  Membrane Separation Materials Market: Information by Material Type, Application, Region — Global Forecast till 2030
• Metal Fiber Market: Information by Type, by Technology, by End User, and by Region—Forecast till 2030

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Read more: https://www.digitaljournal.com/pr/cyclopentane-market-analysis-by-current-industry-status-growth-opportunities-top-key-players-target-audience-and-forecast-to-2030#ixzz7MAbujvCM

Tags: Cyclopentane Market, Cyclopentane, Cyclopentane industry, Cyclopentane Market Size, Cyclopentane Market Share, Cyclopentane Market Trends, Cyclopentane market growth, Cyclopentane market forecast See Campaign: https://www.marketresearchfuture.com/reports/cyclopentane-market-10458

Contact Information:

Contact: Market Research Future® 99 Hudson Street,5Th Floor New York, New York 10013 United States of America Phone: +1 628 258 0071(US)  +44 2035 002 764(UK) Email: [email protected] Website: https://www.marketresearchfuture.com

Tags:
PR-Wirein, Wire, Research Newswire, English