Report Id: SNS/C&M/1811 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Cyclopentane Market Size was valued at USD 292.94 million in 2021, and is expected to reach USD 492.37 million by 2028, and grow at a CAGR of 7.7 % over the forecast period 2022-2028. Cyclopentane is a type of hydrocarbon that can catch on fire. It is also called pentamethylene. It is used a lot as a blowing agent in making foam, and environmental groups like it because it doesn't have any effect on the ozone layer. It's a better choice than HCFCs and CFCs. It is used in refrigerators, foams, panels, boards, and pipes in the construction industry.
By the end of the 2040s, 85% of the world's HCFCs will be gone.
More and more blowing agents are being used in the building, car, and appliance industries.
Cyclopentane can catch fire
Impact of Covid-19:
The pandemic is likely to have an effect on different parts of the cyclopentane market's value chain. This effect is likely to show up during the forecast period, especially in 2020. The following are the effects of COVID-19: Cyclopentane is used in many different end-use industries, such as in refrigerators, insulated containers and sippers, insulating building materials, electrical and electronic appliances, personal care products, fuel, and fuel additives. Because of the COVID-19 pandemic and how it slowly spread, people had to store food and other supplies in their homes and use only the services they needed. Because of how the world is changing, there has been a sharp rise in the need for some types of refrigerators that are considered essential. People stayed home because of the pandemic, which led to a rise in demand for home refrigerators in 2020. Even though the lockdowns caused a little bit of trouble for the industry, consumers have been generally happy. Because of these things, the COVID-19 pandemic had a mixed effect on the cyclopentane market.
Chevron Phillips Chemical Company, Liaoning Yufeng Chemical Co. Ltd., HCS Group GmbH, SOUTH HAMPTON RESOURCES, Dymatic Chemical, Maruzen Petrochemical, Ineos, YEOCHUN NCC CO. LTD., SK global chemical Co. Ltd, HPLA Group, and other players.
Blowing agent & refrigerant
Solvent & reagent
Insulated Containers And Sippers
Insulating Construction Material
Electrical & Electronics
Personal Care Products
Fuel & Fuel Additives
Five areas—Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa—have been looked at for the Global Cyclopentane Market. In 2019, more than 43 percent of the market was in Asia-Pacific, and the market was worth about USD 151,108,9 thousand. The fast industrialization and growing economies in countries like India, South Korea, and Malaysia are partly to blame for the high growth in this region.
The regional market is driven by growing demand from people who use refrigerators at home, in businesses, and in construction. Due to rapid industrialization and urbanisation, both the public and private sectors are putting a lot of money into the construction industry. This, along with the amount of money spent on renovations, is expected to help the regional market grow.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 292.94 Million|
|Market Size by 2028||US$ 492.37 Million|
|CAGR||CAGR of 7.7% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Function (Blowing agent & refrigerant, Solvent & reagent, Others)
• By Application (Residential Refrigerator, Commercial Refrigerator, Insulated Containers And Sippers, Insulating Construction Material, Electrical & Electronics, Personal Care Products, Fuel & Fuel Additives, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Chevron Phillips Chemical Company, Liaoning Yufeng Chemical Co. Ltd., HCS Group GmbH, SOUTH HAMPTON RESOURCES, Dymatic Chemical, Maruzen Petrochemical, Ineos, YEOCHUN NCC CO. LTD., SK global chemical Co. Ltd, HPLA Group, and other players.|
|DRIVERS||• By the end of the 2040s, 85% of the world's HCFCs will be gone.|
|Opportunity||• More and more blowing agents are being used in the building, car, and appliance industries.|
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product
Ans: The pandemic is likely to have an effect on different parts of the cyclopentane market's value chain. This effect is likely to show up during the forecast period, especially in 2020. The following are the effects of COVID-19: Cyclopentane is used in many different end-use industries, such as in refrigerators, insulated containers and sippers, insulating building materials, electrical and electronic appliances, personal care products, fuel, and fuel additives. Because of the COVID-19 pandemic and how it slowly spread, people had to store food and other supplies in their homes and use only the services they needed.
Ans: By the end of the 2040s, 85% of the world's HCFCs will be gone are the drivers for Cyclopentane Market.
Ans: Cyclopentane can catch fire are the challenges faced by the Cyclopentane Market.
Ans: Cyclopentane Market Size was valued at USD 292.94 million in 2021, and expected to reach USD 492.37 million by 2028, and grow at a CAGR of 7.7 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Cyclopentane Market Segment, By Function
8.1 Blowing agent & refrigerant
8.2 Solvent & reagent
9. Cyclopentane Market Segment, By Application
9.1 Residential Refrigerator
9.2 Commercial Refrigerator
9.3 Insulated Containers And Sippers
9.4 Insulating Construction Material
9.5 Electrical & Electronics
9.6 Personal Care Products
9.7 Fuel & Fuel Additives
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profile
11.1 Chevron Phillips Chemical Company
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 HCS Group GmbH
11.3 SOUTH HAMPTON RESOURCES
11.4 Dymatic Chemical
11.5 Maruzen Petrochemical
11.7 YEOCHUN NCC CO. LTD.
11.8 SK global chemical Co. Ltd
11.9 HPLA Group
11.10 Liaoning Yufeng Chemical Co. Ltd.
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
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