Cyclopentane Market Size and Growth Rate:
According to the Research Report, the Global Cyclopentane Market Size was valued at USD 250 Million in 2018 and was Expected to Reach at USD 340 Million USD by 2023 with a CAGR of 6.5% during the forecast period 2018-2023.
Cyclopentane Market Overview:
Cyclopentane is a highly flammable hydrocarbon used in the manufacture of synthetic rubber, resins and rubber adhesives. It is also used as a foaming agent for polyurethane foam, which is also used to insulate refrigerators and freezers. Cyclopentane has zero OPD and low GWP. In addition, it has a minimum factor and high dimensional stability due to its volume. Provides excellent insulation and adhesion to coatings or panels. Manufacturers of polyurethane foam are large consumers of cyclopentane. Foaming agents are essential additives necessary for the manufacture of polyurethane foams. These agents induce the formation of cell-matrix structures in the substrate to produce a foam-like formation. The thermal insulation properties of rigid polyurethane foams containing cyclopentane as a foaming agent provide significant energy and environmental benefits.
Cyclopentane Market - Drivers and restraints:
Given the current trend of increasing the emissions of most greenhouse gases, it is expected that their concentrations in the atmosphere will increase in the coming years. Cyclopentane is one of the most cost-effective alternatives to HCFC-141b, as it provides the maximum initial R-value, good take-off adhesion and good solubility with existing raw materials. Several foam factories have opted for cyclopentane to replace HCFC-141b due to their low cost, zero PDO and low global warming potential. This should stimulate the demand for cyclopentane as a foaming agent and refrigerant over the forecast period. Cyclopentane is a less powerful global warming agent than fluorocarbons and does not decompose into acids, unlike fluorolefins. All of these factors are expected to drive the global cyclopentane market during the forecast period.
Cyclopentane Market – Regional Presence:
Europe dominated the global cyclopentane market in 2017, followed by North America and Asia-Pacific. Most manufacturers of residential refrigerators in Europe prefer cyclopentane to other conventional technologies due to their high blowing efficiency and excellent thermal properties. Under the Montreal and Kyoto Protocols, the production of several ozone-depleting substances, such as CFCs and HCFCs, will be phased out in the United States in the coming years. This should stimulate the cyclopentane market in North America in the near future. In the Asia Pacific, the demand for cyclopentane in countries such as China, Indonesia, Japan, Thailand, and South Korea has increased due to the implementation of several government support policies and public-private partnership programs for HCFC phase-out.
Some of the Promising Companies leading the Global Cyclopentane Market profiled in the Report are:
- Chevron Phillips
- Maruzen Petrochemical
- Pure Chem
- South Hampton Resources
- LG Chemical
- Meilong Cyclopentane Chemical
- Puyang Lianzhong Industrial Chemical
- Jilin Beihua Fine Chemical
- Liancheng Chemical
The Research Report segments the Cyclopentane Market into the following submarkets:
Cyclopentane Market - By Product Type:
- (95-100% (Including 95%) of Cyclopentane,
- 70-95% of Cyclopentane
Cyclopentane Market - By Industry:
Cyclopentane Market - By Channel:
Cyclopentane Market – By Region:
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa