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Cyclopentane Market: By Function, By Application and Region Forecast 2019 - 2030
Cyclopentane Market: By Function, By Application and Region Forecast 2019 - 2030
Cyclopentane Market size was valued at US$ 284.8 million in 2023 and is expected to grow at a CAGR of 7.9% from 2024 to 2030. The global market provides a detailed overview of the market, and that can be segmented by function and by application. Cyclopentane is a kind of highly flammable alicyclic hydrocarbon that is used in the production of synthetic rubber and resins and adhesives and also alters the phase of the cellular construction of polyurethane insulating foam utilized in commercial refrigerators. By function, the market has been segmented into Solvent & Reagent, Blowing Agent & Refrigerant, and Others. The Blowing Agent segment is likely to be the largest and fastest-growing segment in terms of function. Based on Application, the market is segmented into Commercial Refrigerators, Electrical & Electronics, Fuel & Fuel Additives, Insulated Containers and Sippers, Insulating Construction Materials, Personal Care Products, Residential Refrigerators, and Others.
Among these, the commercial refrigerators segment is expected to have the fastest-growing market during the forecast period 2023-2029. The usage of cyclopentane in commercial freezers has given the market a new possibility. Cyclopentane is a foam-blowing agent usually used to insulate refrigerators and freezers. The commercial refrigerator industry is growing at a healthy rate around the globe, with the Asia Pacific dominating the way. The significance of commercial refrigerators is also rising as a result of altering climatic circumstances, which has caused agricultural waste due to inadequate storage selections.
According to studies, more than a quarter of the harvest never comes to the market due to defective cooling. The rising populations require efficient delivery of food to evade famine, illness, and hunger. Commercial refrigeration systems have been more significant as a result, and governments worldwide are backing them to continue keeping food fresh and enhancing its shelf life. Moreover, because of its enhanced advantages over conventional foaming agents, cyclopentane is acquiring significant power as a foaming agent in the polyurethane foam business. Additionally, cyclopentane reduces emissions of greenhouse gas (GHG) during the insulation procedure of refrigerator production.
Study Period
2024-2030Base Year
2023CAGR
7.9%Largest Market
Asia-PacificFastest Growing Market
Europe
The increasing government regulations on the usage of CFCs, HCFCs, and HFCs and increasing demand for better alternatives are anticipated to propel the market growth over the forecast years. Moreover, the rising number of ingenuities to phase out the usage of hydrochlorofluorocarbons is burgeoning the market growth over the forecast years.
Asia Pacific market is expected to witness the highest market share during the forecast period
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 284.8 million |
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Market CAGR |
7.9% |
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By Function |
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By Application |
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By Region |
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The global cyclopentane market size was valued at US$ 284.8 million in 2023 and is projected to grow at a CAGR of 7.9% from 2024 to 2030.
Chevron Phillips Chemical Company LLC, DYMATIC Chemicals Inc. , HCS Group, INEOS, Jilin Beihua Fine Chemical Co.Ltd., Liaoning Yufeng Chemical Co.Ltd., Maruzen Petrochemical, SK Global Chemical Co.Ltd., South Hampton Resources, YEOCHUN NCC Co.Ltd.
Asia-Pacific is the fastest-growing region in the market
| 1. Executive Summary |
| 2. Global Cyclopentane Market Introduction |
| 2.1.Global Cyclopentane Market - Taxonomy |
| 2.2.Global Cyclopentane Market - Definitions |
| 2.2.1.Function |
| 2.2.2.Application |
| 2.2.3.Region |
| 3. Global Cyclopentane Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Cyclopentane Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Cyclopentane Market By Function, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Solvent & Reagent |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Blowing Agent & Refrigerant |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Others |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Cyclopentane Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Commercial Refrigerators |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Electrical & Electronics |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Fuel & Fuel Additives |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Insulated Containers and Sippers |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Insulating Construction Materials |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Personal Care Products |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Residential Refrigerators |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Others |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7. Global Cyclopentane Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America Cyclopentane Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Solvent & Reagent |
| 8.1.2.Blowing Agent & Refrigerant |
| 8.1.3.Others |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Commercial Refrigerators |
| 8.2.2.Electrical & Electronics |
| 8.2.3.Fuel & Fuel Additives |
| 8.2.4.Insulated Containers and Sippers |
| 8.2.5.Insulating Construction Materials |
| 8.2.6.Personal Care Products |
| 8.2.7.Residential Refrigerators |
| 8.2.8.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Cyclopentane Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Function Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Solvent & Reagent |
| 9.1.2.Blowing Agent & Refrigerant |
| 9.1.3.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Commercial Refrigerators |
| 9.2.2.Electrical & Electronics |
| 9.2.3.Fuel & Fuel Additives |
| 9.2.4.Insulated Containers and Sippers |
| 9.2.5.Insulating Construction Materials |
| 9.2.6.Personal Care Products |
| 9.2.7.Residential Refrigerators |
| 9.2.8.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) Cyclopentane Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Function Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Solvent & Reagent |
| 10.1.2.Blowing Agent & Refrigerant |
| 10.1.3.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Commercial Refrigerators |
| 10.2.2.Electrical & Electronics |
| 10.2.3.Fuel & Fuel Additives |
| 10.2.4.Insulated Containers and Sippers |
| 10.2.5.Insulating Construction Materials |
| 10.2.6.Personal Care Products |
| 10.2.7.Residential Refrigerators |
| 10.2.8.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11. Middle East and Africa (MEA) Cyclopentane Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Function Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Solvent & Reagent |
| 11.1.2.Blowing Agent & Refrigerant |
| 11.1.3.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Commercial Refrigerators |
| 11.2.2.Electrical & Electronics |
| 11.2.3.Fuel & Fuel Additives |
| 11.2.4.Insulated Containers and Sippers |
| 11.2.5.Insulating Construction Materials |
| 11.2.6.Personal Care Products |
| 11.2.7.Residential Refrigerators |
| 11.2.8.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America Cyclopentane Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Function Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Solvent & Reagent |
| 12.1.2.Blowing Agent & Refrigerant |
| 12.1.3.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Commercial Refrigerators |
| 12.2.2.Electrical & Electronics |
| 12.2.3.Fuel & Fuel Additives |
| 12.2.4.Insulated Containers and Sippers |
| 12.2.5.Insulating Construction Materials |
| 12.2.6.Personal Care Products |
| 12.2.7.Residential Refrigerators |
| 12.2.8.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Chevron Phillips Chemical Company LLC |
| 13.2.2.DYMATIC Chemicals Inc. |
| 13.2.3.HCS Group |
| 13.2.4.INEOS |
| 13.2.5.Jilin Beihua Fine Chemical Co.Ltd. |
| 13.2.6.Liaoning Yufeng Chemical Co.Ltd. |
| 13.2.7.Maruzen Petrochemical |
| 13.2.8.SK Global Chemical Co.Ltd. |
| 13.2.9.South Hampton Resources |
| 13.2.10.YEOCHUN NCC Co.Ltd. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.