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Cyclopentane Market Trends

  • Report ID: GMI8799
  • Published Date: Apr 2024
  • Report Format: PDF

Cyclopentane Market Trends

The growth of the cyclopentane industry is being driven by the rising demand in the building and refrigeration sectors for energy-efficient insulation. The industry is expanding due to strict environmental rules that favour refrigerants with low global warming potential. Furthermore, there is room for expansion due to innovations in production methods and technical breakthroughs. Additional prospects are presented by the growing trend towards sustainable practices and the increasing acceptance of cyclopentane in emerging markets. Potential obstacles include, however, difficulties like safety issues brought on by its flammability and complicated regulations. The market, despite changing industry dynamics, offers encouraging opportunities for long-term gr

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for cyclopentane was valued at USD 310 million in 2023 and is anticipated to register over 6.9% CAGR between 2024 and 2032, owing to the growing need for energy-efficient foam insulation in the refrigeration and construction industries.

The foam blowing agent segment in the cyclopentane market accounted for USD 188.4 million in 2023, propelled by increasing demand for energy-efficient insulation materials across industries like appliances, automobiles, and construction.

North America market size reached USD 92.9 million in 2023 driven by stringent environmental regulations favouring low-global warming potential refrigerants.

Chevron Phillips Chemical Company LLC, DYMATIC Chemicals, Inc., Eastman Chemical Company, Haltermann Carless, Huntsman Corporation, INEOS, LG Chem, Merck KGaA, Prasol Chemicals Pvt. Ltd., SK Global Chemical Co., Ltd., TCI Chemicals, Zhejiang Weihua Chemical Co., Ltd., among others

Cyclopentane Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 530
  • Countries covered: 21
  • Pages: 350
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