Pune, India, Dec 2022, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Cyclopentane Market.

The global phase-out of HCFCs, rising gasoline demand in China, and rising demand from nations with high fuel taxation are the main drivers of the global cyclopentane market trends. The market is anticipated to expand due to the expanding use of blowing agents in the appliance, construction, and automotive industries.

The Global Cyclopentane Market was valued at USD 0.38 billion in 2023 and is projected to grow to USD 0.67 billion by 2032, with a CAGR of 6.45% from 2024 to 2032.

Additionally, the use of cyclopentane as a blowing agent in the manufacture of rigid foam insulation and the phase-out of HCFC and HFC refrigerants are two additional drivers influencing the worldwide cyclopentane market. Refrigerants are the material or fluid that actively absorbs heat during the evaporation of low-temperature and low-pressure regions and releases it during the condensation of high-temperature and high-pressure regions in refrigeration systems.

They are the main cooling liquid in refrigerators, both residential and commercial. Hydrofluorocarbons (HFC) and hydrochlorofluorocarbons (HCFC) have several applications, such as in cars, home air conditioners, and commercial refrigeration.

Blowing agents are utilized more commonly in end-use industries, such as buildings, autos, and appliances. This is mainly because the blowing agent can create polyurethane foam due to its insulating and physical integration properties. The cyclopentane market share has grown rapidly for cyclopentane due to a boom in the appliance industry in Europe and Asia. It is projected that the growth of these industries will increase demand for blowing agents and, consequently, cyclopentane usage.

There are additional risks when using cyclopentane as a blowing agent because it is a combustible material. The explosive limit of cyclopentane in the air is 1.1–8.7% by volume. Because of this, the user of this product is required to follow rigorous guidelines. Cyclopentane must be handled with a few safety precautions when used or stored. The product's flammability, as a result, astounded both consumers and makers.

Cyclopentane Market Regional Analysis

Due to the use of cyclopentane applications in the electrical and appliance industry and the phasing out of HCFCs in the region, Asia-Pacific accounted for the greatest revenue share of 40.4% in 2021. According to the cyclopentane market forecast, the main factors influencing the regional market's growth include significant companies, the accessibility of raw materials, and the widespread acceptance of cyclopentane following the Montreal Protocol. The world's top producer of cyclopentane, China is poised to continue in that role.

Europe had the second-largest revenue share in 2021 and is projected to expand at a sizable CAGR of 6.0% throughout the forecast period. According to reports, the area will continue to hold its current position in the business. There is much room for creativity to enhance the construction process by utilizing cutting-edge restoration components like insulating materials. Rising insulation thickness standards, consumer demand and preferences, manufacturing choices, pricing, and resource availability will impact these potential outcomes. Government-issued new rules and laws can also encourage innovation. The increase in regional growth results from the rising need for thermal insulation.

Market Segmentation

The global market has been segmented into blowing agents, solvents & reagents, and others based on application. The market share leader is said to be the blowing agent category.

The global market is segmented by end user into construction, commercial refrigeration, residential refrigeration, and others. The cyclopentane market share that belonged to residential refrigerators was the highest.

Key Players

The companies that are contributing to the market and keeping up with the cyclopentane market trends are:

• INEOS


• Haltermann Carless Deutschland GmbH


• Jilin Beihua Fine Chemical Co. Ltd


• Chevron Phillips Chemical Company


• South Hampton Resources


• Maruzen Petrochemical Co. Ltd


• Haldia Petrochemicals Limited


• Yeochun NCC Co.Ltd


• SK Chemicals Co. Ltd.

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