Cyclopentane Market: By Function, By Application and Geography      

Cyclopentane Market Size, Share, Growth, Trends, and Global Industry Analysis: By Function (Solvent & Reagent, Blowing Agent & Refrigerant and Others), By Application (Commercial Refrigerators, Electrical & Electronics, Fuel & Fuel Additives, Insulated Containers and Sippers, Insulating Construction Materials, Personal Care Products, Residential Refrigerators and Others) and Region      

Cyclopentane Market size was valued at US$ 284.8 million in 2023 and is expected to grow at a CAGR of 7.9% from 2024 to 2030.  The global market provides a detailed overview of the Cyclopentane market, and that can be segmented by function and by application. Cyclopentane is a kind of highly flammable alicyclic hydrocarbon that is used in the production of synthetic rubber and resins and adhesives and also alters the phase of the cellular construction of polyurethane insulating foam utilized in commercial refrigerators. By function, the Cyclopentane market has been segmented into Solvent & Reagent, Blowing Agent & Refrigerant, and Others. The Blowing Agent segment is likely to be the largest and fastest-growing segment in terms of function. Based on Application, the Cyclopentane market is segmented into Commercial Refrigerators, Electrical & Electronics, Fuel & Fuel Additives, Insulated Containers and Sippers, Insulating Construction Materials, Personal Care Products, Residential Refrigerators, and Others.

Among these, the commercial refrigerators segment is expected to have the fastest-growing market during the forecast period 2023-2029. The usage of cyclopentane in commercial freezers has given the market a new possibility. Cyclopentane is a foam-blowing agent usually used to insulate refrigerators and freezers. The commercial refrigerator industry is growing at a healthy rate around the globe, with the Asia Pacific dominating the way. The significance of commercial refrigerators is also rising as a result of altering climatic circumstances, which has caused in agricultural waste due to inadequate storage selections. According to studies, greater than a quarter of the harvest never comes to the market due to defective cooling. The rising populations require efficient delivery of food to evade famine, illness, and hunger. Commercial refrigeration systems have been more significant as a result, and governments worldwide are backing them to continue keeping food fresh and enhancing its shelf life. Moreover, because of its enhanced advantages over conventional foaming agents, cyclopentane is acquiring significant power as a foaming agent in the polyurethane foam business. Additionally, cyclopentane reduces emissions of greenhouse gas (GHG) during the insulation procedure of refrigerator production.

Cyclopentane Market Key Developments:

  • In February 2021, HCS Group and Gevo contracted a tactical agreement in Germany to grow low-carbon renewable chemicals and Sustainable Aviation Fuel (SAF). In June 1, 2020, SK Global Chemical acquired the high-performance polymer business of Arkema.

Cyclopentane Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.9%

Largest Market

Asia pacific

Fastest Growing Market

Europe

Cyclopentane Market Dynamics

The increasing government regulations on the usage of CFCs, HCFCs, and HFCs and increasing demand for better alternatives are anticipated to propel the market growth over the forecast years. Moreover, the rising number of ingenuities to phase out the usage of hydrochlorofluorocarbons is burgeoning the market growth over the forecast years.

Cyclopentane Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 284.8 million

Market CAGR

7.9%

By Function

  • Solvent & Reagent
  • Blowing Agent & Refrigerant
  • Others

By Application

  • Commercial Refrigerators
  • Electrical & Electronics
  • Fuel & Fuel Additives
  • Insulated Containers and Sippers
  • Insulating Construction Materials
  • Personal Care Products
  • Residential Refrigerators
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Key Features of the Report

  • The cyclopentane market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

The cyclopentane market size was valued at US$ 284.8 million in 2023

Chevron Phillips Chemical Company LLC, DYMATIC Chemicals Inc. , HCS Group, INEOS, Jilin Beihua Fine Chemical Co.Ltd., Liaoning Yufeng Chemical Co.Ltd., Maruzen Petrochemical, SK Global Chemical Co.Ltd., South Hampton Resources, YEOCHUN NCC Co.Ltd.

Asia-Pacific is the fastest-growing region for cyclopentane market

Author image

Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1. Executive Summary
2. Global Cyclopentane Market Introduction 
2.1.Global Cyclopentane Market  - Taxonomy
2.2.Global Cyclopentane Market  - Definitions
2.2.1.Function
2.2.2.Application
2.2.3.Region
3. Global Cyclopentane Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Cyclopentane Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Cyclopentane Market  By Function, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Solvent & Reagent
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Blowing Agent & Refrigerant
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Others
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6. Global Cyclopentane Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Commercial Refrigerators
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Electrical & Electronics
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Fuel & Fuel Additives
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Insulated Containers and Sippers
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Insulating Construction Materials
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Personal Care Products
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Residential Refrigerators
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
6.8. Others
6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.8.3. Market Opportunity Analysis 
7. Global Cyclopentane Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8. North America Cyclopentane Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Solvent & Reagent
8.1.2.Blowing Agent & Refrigerant
8.1.3.Others
8.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Commercial Refrigerators
8.2.2.Electrical & Electronics
8.2.3.Fuel & Fuel Additives
8.2.4.Insulated Containers and Sippers
8.2.5.Insulating Construction Materials
8.2.6.Personal Care Products
8.2.7.Residential Refrigerators
8.2.8.Others
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Cyclopentane Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Function Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Solvent & Reagent
9.1.2.Blowing Agent & Refrigerant
9.1.3.Others
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Commercial Refrigerators
9.2.2.Electrical & Electronics
9.2.3.Fuel & Fuel Additives
9.2.4.Insulated Containers and Sippers
9.2.5.Insulating Construction Materials
9.2.6.Personal Care Products
9.2.7.Residential Refrigerators
9.2.8.Others
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
10. Asia Pacific (APAC) Cyclopentane Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Function Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Solvent & Reagent
10.1.2.Blowing Agent & Refrigerant
10.1.3.Others
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Commercial Refrigerators
10.2.2.Electrical & Electronics
10.2.3.Fuel & Fuel Additives
10.2.4.Insulated Containers and Sippers
10.2.5.Insulating Construction Materials
10.2.6.Personal Care Products
10.2.7.Residential Refrigerators
10.2.8.Others
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11. Middle East and Africa (MEA) Cyclopentane Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Function Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Solvent & Reagent
11.1.2.Blowing Agent & Refrigerant
11.1.3.Others
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Commercial Refrigerators
11.2.2.Electrical & Electronics
11.2.3.Fuel & Fuel Additives
11.2.4.Insulated Containers and Sippers
11.2.5.Insulating Construction Materials
11.2.6.Personal Care Products
11.2.7.Residential Refrigerators
11.2.8.Others
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12. Latin America Cyclopentane Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Function Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Solvent & Reagent
12.1.2.Blowing Agent & Refrigerant
12.1.3.Others
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Commercial Refrigerators
12.2.2.Electrical & Electronics
12.2.3.Fuel & Fuel Additives
12.2.4.Insulated Containers and Sippers
12.2.5.Insulating Construction Materials
12.2.6.Personal Care Products
12.2.7.Residential Refrigerators
12.2.8.Others
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Chevron Phillips Chemical Company LLC
13.2.2.DYMATIC Chemicals Inc.
13.2.3.HCS Group
13.2.4.INEOS
13.2.5.Jilin Beihua Fine Chemical Co.Ltd.
13.2.6.Liaoning Yufeng Chemical Co.Ltd.
13.2.7.Maruzen Petrochemical
13.2.8.SK Global Chemical Co.Ltd.
13.2.9.South Hampton Resources
13.2.10.YEOCHUN NCC Co.Ltd.
14. Research Methodology 
15. Appendix and Abbreviations 

Key Market Players

  • Chevron Phillips Chemical Company LLC
  • DYMATIC Chemicals Inc.
  • HCS Group
  • INEOS
  • Jilin Beihua Fine Chemical Co.Ltd.
  • Liaoning Yufeng Chemical Co.Ltd.
  • Maruzen Petrochemical
  • SK Global Chemical Co.Ltd.
  • South Hampton Resources
  • YEOCHUN NCC Co.Ltd.

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