Cyclopentane Market Estimated to Reach $476 million by 2028 Globally, at a CAGR of 5.4%, says MarketsandMarkets™


Chicago, June 06, 2024 (GLOBE NEWSWIRE) — The Global Cyclopentane Market size was USD 366 million in 2023 and is projected to reach USD 476 million by 2028 at a CAGR of 5.4% between 2023 and 2028, as per the recent study by MarketsandMarkets™. Cyclopentane is a crucial blowing agent in producing polyurethane foam, extensively used for thermal insulation in refrigerators, freezers, buildings, and various industrial applications. Growing awareness of energy efficiency and stringent regulations promoting insulation in multiple sectors like construction and appliances fuel demand for cyclopentane as a blowing agent in polyurethane foam. Increasing regulatory emphasis on energy efficiency and sustainability propels the demand for cyclopentane-based insulation solutions, particularly in appliances and construction materials.

Download PDF Brochure:

Browse in-depth TOC on “Cyclopentane Market”


280- Market Data Tables

44- Figures

220- Pages

List of Key Players in Cyclopentane Market:

  1. HCS Group (Germany)
  2. Jilin Beihua Fine Chemical Co., Ltd. (China)
  3. Dymatic Chemicals, Inc. (China)
  4. INEOS (UK)
  5. Liaoning Yufeng Chemical Co., Ltd. (China)
  6. Maruzen Petrochemical (Japan)
  7. SK Global Chemical Co., Ltd. (South Korea)
  8. Haldia Petrochemicals Limited (India)
  9. Junyuan Petroleum Group (China)
  10. Zeon Corporation (Japan)
  11. Others.

Drivers, Restraints, Opportunities and Challenges in Cyclopentane Market:

  1. Drivers: Global phase-out of HCFCs by 85% by late 2040s
  2. Restraints: High Capital Investments
  3. Opportunity: Increasing use of blowing agents in the construction, automotive, and appliance industries
  4. Challenge: Flammability of cyclopentane

Get Sample Pages:

Key Findings of the Study:

  1. By function, the blowing agent & refrigerant segment is expected to grow faster during the forecast period in terms of volume.
  2. By region, North America is expected to grow at a faster rate in terms of volume during the forecast period.
  3. Insulated containers and sippers are expected to be the largest segment of the cyclopentane market by material during the forecast period.

Based on function, the blowing agent & refrigerant segment accounted for the largest share in 2023 regarding value. Globally, the demand for cyclopentane as a blowing agent & refrigerant is the highest in Asia Pacific. Growing population and infrastructural development in the region have increased the use of refrigerants for various applications, such as refrigerators and air conditioners.

Based on application, the insulated containers and sippers segment accounted for the largest share in 2023 in terms of value. Cyclopentane is used in containers and sippers as an insulator. Insulated and refrigerated vehicles and containers used for transportation or storage purposes depend on thermal insulation to minimize heat transfer between the internal (being temperature-controlled) and the external (ambient). 

Get 10% Customization on this Report:

Based on region, the cyclopentane market is categorized into regions, including South America, the Middle East & Africa, Europe, Asia Pacific, and North America. Asia Pacific dominated the cyclopentane market in 2023 in terms of value. Asia Pacific is the world’s largest cyclopentane market, with China being the most dominant market in the region. The increasing demand for consumer appliances in the growing economies of APAC, such as China, India, and Thailand, is driving the refrigerants market in the region, thereby driving the demand for cyclopentane. 

Browse Adjacent Markets: Specialty Chemicals Market Research Reports

Related Reports:

  1. Heat Exchanger Market
  2. Polycarbonate Resin Market
  3. Phase Change Materials Market
  4. Structural Adhesive Market
  5. Industrial Gases Market
CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: [email protected]

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. takes no editorial responsibility for the same.