Cyclopentane Market Overview
The epidemic is estimated to have an impact on colorful factors of the value chain of the cyclopentane request, which is anticipated to reflect during the cast period, especially in the time 2020. The impact of COVID-19 is as follows
Cyclopentane is used in colorful end- use diligence, similar as in refrigerators, insulated holders and sup, separating construction accoutrements, electrical & electronic appliances, particular care products, and energy and energy complements. Due to the outbreak of the COVID-19 epidemic and its gradational spread, essential services, similar as furnishing food and needed inventories were stored by the consumers at their homes. The global impact has led to a sharp increase in demand for some types of refrigerators, which are considered essential. Due to the epidemic, people stayed at homes, which led to the increase in demand for domestic refrigerators in 2020. While the assiduity witnessed a slight turbulence owing to the lockdowns, the overall consumer sentiment has been positive. The effect of the COVID-19 epidemic on the cyclopentane request was mixed due to these reasons.
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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 2019, 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.
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
1.North America
2. Asia-Pacific
3. Latin America
4. Middle East & Africa
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