Cyclopentane Market Overview
The Cyclopentane Market is projected to register a CAGR of 7.40% to reach USD 493,623.5 Thousand by the end of 2027.
Cyclopentane is a flammable hydrocarbon, which is also known as pentamethylene. It is widely being used as a blowing agent in foam manufacturing and has zero ozone depletion potential, thereby, recognized by environmental groups. It is a superior alternative to HCFCs and CFCs. It is used in home refrigerator appliances, insulating foams, insulating panels, and boards and pipes in the construction industry.
Cyclopentane Market has low global warming potential and ensures low operating costs, making them the preferred choice for blowing agents in end-use industries.
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Key Players
Key Players operating in the Global Cyclopentane Market include INEOS (UK), Haltermann Carless Deutschland GmbH (Germany), Jilin Beihua Fine Chemical Co., Ltd (China), Chevron Phillips Chemical Company (US), Liaoning Yufeng Chemical Co., Ltd (China), South Hampton Resources (US), Maruzen Petrochemical Co., Ltd (Japan), Haldia Petrochemicals Limited (India), Yeochun NCC Co., Ltd (South Korea), and SK Chemicals Co., Ltd. (South Korea).
Companies such as Chevron Phillips Chemical Company, INEOS, South Hampton Resources, Haltermann Carless Deutschland GmbH, and SK Chemicals Co., Ltd dominate the global market due to their brand reputation, product differentiation, and financial stability.
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Segmentation
The global Cyclopentane Market has been segmented based on Application, End User, and Region.
Based on application, the global cyclopentane market is classified into blowing agent, solvent & reagent, and others. The blowing agent segment accounted for the largest market share of 85.60% in 2022, with a market value of USD 2,92,645.3 thousand; it is expected to register the highest CAGR of 7.59% during the forecast period.
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Global Cyclopentane Market, By Application
- Blowing Agent
- Solvent & Reagent
- Others
Global Cyclopentane Market, By End User
- Residential Refrigerators
- Construction
- Commercial Refrigerators
- Others
Global Cyclopentane Market, By Region
- North America
- US
- Canada
1. Europe
- Germany
- UK
- Russia
- France
- Spain
- Italy
- Rest of Europe
2. Asia-Pacific
- China
- Japan
- India
- Australia & New Zealand
- South Korea
- Indonesia
- Thailand
- Rest of Asia-Pacific
3. Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
4. Middle East & Africa
- GCC
- Turkey
- South Africa
- Rest of Middle East & Africa
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