Global Cyclopentane Market Overview:
According to SPER Market Research, the Global Cyclopentane Market is estimated to reach USD 0.69 billion by 2032 with a CAGR of 8.06%.
Open Chain Hydrocarbon cyclopentane is extremely flammable and is used to make synthetic resins and rubber adhesives. It has a gasoline-like odour and is practically colourless. The cyclopentane market is being driven by diagnostic centres, and demand for safe storage of blood derivatives and temperature-sensitive medication from hospitals is likely to grow over the forecast period. The market's expansion is aided by its widespread use as a blowing agent, refrigerant, solvent, and reagent. To minimise greenhouse gas emissions and safeguard the ozone layer, governments all around the world are encouraging the use of sustainable products.Cyclopentane is produced through the conversion of crude oil, ethylene chemical reaction, and copolymerization of hydrocarbons.The demand for C pentane is also boosted by the expansion of public infrastructure, including the building of more homes, businesses, and other structures. To meet the rising demand for residential and commercial refrigeration solutions, market participants are increasingly releasing new and cutting-edge products.The need for freezers, insulated containers, and insulating building materials is predicted to expand, fuelling the growth. Additionally, strict government rules and policies are needed to stop using hydrochlorofluorocarbons (HCFC), increase the usage of cyclopentane as a potential replacement, and guarantee a sustainable future through its widespread use. Rising public knowledge of cyclopentane's many benefits, including its broad range of applications and eco-friendliness, is also anticipated to increase demand for the substance.
Impact of COVID-19 on the Global Cyclopentane Market
Due to decreased demand from the chemical, electronics, and construction sectors, the appearance of COVID-19 had a detrimental impact on the expansion of the global market. Lack of workers, operational hiccups, and limitations on import-export activities all hurt the worldwide sector. Market expansion was impeded by market closures, problems in the supply chain, and the implementation of lockdown. Covid-19 impacted the cyclopentane market, negatively. Due to the pandemic, borders were sealed and businesses and markets were temporarily shut down.This led to a significant supply shortfall. The need for refrigerators, freezers, and cold storage, among other things, increased significantly as a result of the medical and food industries, which turned out to be good for this industry. After some time, the market experienced a comeback.
Scope of the Report:
Report Metric
| Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Function, By Application |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | Chevron Phillips Chemical Company LLC, DYMATIC Chemicals Inc., Haltermann Carless, HCS Group, INEOS, Jilin Beihua Fine Chemical Co. Ltd, LG Chem Ltd, Liaoning Yufeng Chemical Co. Ltd, Maruzen Petrochemical, PuyangZhongwei Fine Chmeical Co Ltd., SK Global Chemical Co. Ltd., South Hampton Resources, YEOCHUN NCC Co Ltd., Zeon Corporation
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Global Cyclopentane Market Segmentation:
By Function: Based on the Function, Global Cyclopentane Market is segmented as; Bowling Agent & Refrigerant, Solvent & Reagent, Others.
By Application: Based on the Application, Global Cyclopentane Market is segmented as; Containers and Sippers, Refrigerators Personal Care Products, Electricals and Electronics, Insulating Construction Material, Fuel & Fuel Additives, Others.
By Region: A substantial portion of the global market was accounted for by Asia Pacific because of urbanisation and industrial expansion. The market is expanding as a result of rising environmental awareness, increased use in the building and construction industry, and increased use of sustainable refrigeration solutions. Growth prospects would be available in the upcoming years thanks to the availability of low-cost labour and raw materials, as well as expenditures in research and development and technical developments.
1.Introduction
1.1. Scope of the report
1.2. Market segment analysis
2.Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3.Executive Summary
4.Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Cyclopentane Market
5.Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6.Global Cyclopentane Market, By Function, 2019-2032 (USD Million)
6.1. Bowling Agent & Refrigerant
6.2. Solvent & Reagent
6.3. Others
7.Global Cyclopentane Market, By Application, 2019-2032 (USD Million)
7.1. Containers and Sippers
7.2. Refrigerators
7.3. Personal Care Products
7.4. Electricals and Electronics
7.5. Insulating Construction Material
7.6. Fuel & Fuel Additives
7.7. Others
8.Global Cyclopentane Market, By Region, 2019-2032 (USD Million)
8.1. North America
8.1.1. United States
8.1.2. Canada
8.1.3. Mexico
8.2. Europe
8.2.1. Germany
8.2.2. United Kingdom
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Rest of Europe
8.3. Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. Australia
8.3.5. South Korea
8.3.6. Rest of Asia-Pacific
8.4. South America
8.4.1. Brazil
8.4.2. Argentina
8.4.3. Rest of South America
8.5. Middle East & Africa
8.5.1. Kingdom of Saudi Arabia
8.5.2. United Arab Emirates
8.5.3. Rest of Middle East & Africa
9.Company Profiles
9.1. Chevron Phillips Chemical Company LLC
9.1.1. Company details
9.1.2. Financial outlook
9.1.3. Product summary
9.1.4. Recent developments
9.2. DYMATIC Chemicals Inc.
9.2.1. Company details
9.2.2. Financial outlook
9.2.3. Product summary
9.2.4. Recent developments
9.3. Haltermann Carless
9.3.1. Company details
9.3.2. Financial outlook
9.3.3. Product summary
9.3.4. Recent developments
9.4. HCS Group
9.4.1. Company details
9.4.2. Financial outlook
9.4.3. Product summary
9.4.4. Recent developments
9.5. INEOS
9.5.1. Company details
9.5.2. Financial outlook
9.5.3. Product summary
9.5.4. Recent developments
9.6. Jilin Beihua Fine Chemical Co. Ltd
9.6.1. Company details
9.6.2. Financial outlook
9.6.3. Product summary
9.6.4. Recent developments
9.7. LG Chem Ltd
9.7.1. Company details
9.7.2. Financial outlook
9.7.3. Product summary
9.7.4. Recent developments
9.8. Liaoning Yufeng Chemical Co. Ltd
9.8.1. Company details
9.8.2. Financial outlook
9.8.3. Product summary
9.8.4. Recent developments
9.9. Maruzen Petrochemical
9.9.1. Company details
9.9.2. Financial outlook
9.9.3. Product summary
9.9.4. Recent developments
9.10. PuyangZhongwei Fine Chmeical Co Ltd.
9.10.1. Company details
9.10.2. Financial outlook
9.10.3. Product summary
9.10.4. Recent developments
9.11. SK Global Chemical Co. Ltd.
9.11.1. Company details
9.11.2. Financial outlook
9.11.3. Product summary
9.11.4. Recent developments
9.12. South Hampton Resources
9.12.1. Company details
9.12.2. Financial outlook
9.12.3. Product summary
9.12.4. Recent developments
9.13. YEOCHUN NCC Co Ltd.
9.13.1. Company details
9.13.2. Financial outlook
9.13.3. Product summary
9.13.4. Recent developments
9.14. Zeon Corporation
9.14.1. Company details
9.14.2. Financial outlook
9.14.3. Product summary
9.14.4. Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
