Cyclopentane Market Expected to Collect USD 335.7 Million by 2023
The report [117 pages] "Cyclopentane Market by Function (Blowing Agent & Refrigerant, Solvent & Reagent), Application(Residential Refrigerator, Commercial Refrigerator, Insulated containers and sippers, and others), and Region - Global Forecasts to 2023", The cyclopentane market is projected to grow from USD 242.4 million in 2018 to reach USD 335.7 million by 2023, at a CAGR of 6.7%. The growth of the market can be attributed to the use of cyclopentane as a blowing agent & refrigerant. The major drivers for the market include the phase-out of HCFCs by 85% by the late 2040s.
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Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Cyclopentane Market, By Function
7 Cyclopentane Market, By Application
8 Cyclopentane Market, By Region
9 Competitive Landscape
10 Company Profiles
11 Appendix
The cyclopentane market is led by major players, such as HCS Group (Germany), Jilin Beihua Fine Chemical Co., Ltd. (China), DYMATIC Chemicals Inc. (UK), INEOS (UK), Liaoning Yufeng Chemical Co., Ltd. (China), Maruzen Petrochemical (Japan), Chevron Phillips Chemical Company LLC (US), YEOCHUN NCC Co., Ltd. (South Korea), South Hampton Resources (US), and SK Global Chemical Co., Ltd. (South Korea). These key players have adopted various organic and inorganic strategies to maintain their shares in the cyclopentane market.
The major restraint for the cyclopentane market is the high capital investments involved in setting up a production plant. This is because cyclopentane is flammable in nature and, hence, requires additional cost in setting up a plant that has precautionary measures for reducing the risk of fires.
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