PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1516040
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1516040
Cyclopentane Market - By Type (Solvents and Reagents, Foam Blowing Agents), By Grade, By Application (Commercial Refrigerator, Residential Refrigerator, Insulated Containers, Electrical and Electronics, Fuel Additives) & Forecast, 2024 - 2032
Global cyclopentane market size will grow at 6.9% CAGR from 2024 to 2032, due to focus on R&D activities and growing demand for specialty chemicals. One major factor driving market growth is the increasing emphasis on reducing greenhouse gas emissions. In 2022, global concentrations of carbon dioxide (CO2) exceeded 50 percent of pre-industrial levels for the first time in history, according to the World Meteorological Organization. This trend continued in 2023. As awareness of climate change and its effects grows, various industries are seeing more and more efforts to switch to green practices.
Cyclopentane is gaining traction as an environmentally friendly blowing agent and refrigerant due to its low global warming potential (GWP) compared to traditional alternatives such as hydrofluorocarbons (HFCs). As a result, industries are increasingly adopting cyclopentane-based solutions to meet regulatory requirements and reduce their carbon footprint, increasing the demand for cyclopentane in various applications, thereby inducing market growth.
Cyclopentane industry is classified based on type, class, application, and region.
The solvents and reagents segment will grow rapidly through 2032, owing to the utility of cyclopentane-derived solvents and reagents in various industries, including pharmaceuticals, agrochemicals, and electronics. The excellent properties of cyclopentane-based solvents, such as good solubility and low toxicity, make them indispensable in many chemical processes. In addition to this, product adoption continues to be supported by an increasing focus on R&D and a growing demand for specialty chemicals.
The cyclopentane market from the fuel additives segment will grow moderately through 2032, as fuel additives can improve fuel economy, improve combustion performance, and reduce emissions. As the automotive industry witnesses a paradigm shift towards cleaner and more efficient fuels, the demand for cyclopentane-based additives is expected to continue to grow. Additionally, stringent environmental regulations aimed at reducing vehicle emissions are encouraging the adoption of advanced fuel additives, leading to market growth.
Europe Cyclopentane industry will register steady growth through 2032, due to the well-established automotive and electronics industries. The adoption of cyclopentane-based products is further driven by the region's strict environmental regulations and increasing investment in sustainable technologies. In addition, increasing consumer awareness of energy efficiency and environmental sustainability will further support market growth. Furthermore, the industry is being driven by an increasing focus on innovation and technological development in the chemical industry, leading to the introduction of new cyclopentane-based products.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data Sources
- 1.4.1 Primary Sources
- 1.4.2 Data mining Sources
- 1.4.2.1 Paid Sources
- 1.4.2.2 Public Sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis
- 2.2 Type trends
- 2.3 Grade trends
- 2.4 Application trends
- 2.5 Regional trends
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
- 3.1.4 Supply disruptions (If applicable)
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunity
- 3.2.3.1 New opportunities
- 3.2.3.2 Growth potential analysis
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
- 3.3.2.1 Sustainable manufacturing
- 3.3.2.1.1 Green practices
- 3.3.2.1.2 Decarbonization
- 3.3.2.1 Sustainable manufacturing
- 3.3.3 Sustainability in raw materials
- 3.3.4 Raw material pricing trends (USD/Ton)
- 3.3.4.1 U.S.
- 3.3.4.2 European Union
- 3.3.4.3 UK
- 3.3.4.4 China
- 3.3.4.5 Southeast Asia
- 3.3.4.6 GCC
- 3.4 Regulations & market impact
- 3.5 Trade statistics
- 3.6 Unmet needs
- 3.7 Porter's analysis
- 3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Type, 2018-2032 (USD Million, Kilo Tons)
- 5.1 Key trends
- 5.2 Solvents and reagents
- 5.3 Foam blowing agents
Chapter 6 Market Size and Forecast, By Grade, 2018-2032 (USD Million, Kilo Tons)
- 6.1 Key trends
- 6.2. > 98%
- 6.3.< 98%
Chapter 7 Market Size and Forecast, By Application, 2018-2032 (USD Million, Kilo Tons)
- 7.1 Key trends
- 7.2 Commercial refrigerator
- 7.3 Residential refrigerator
- 7.4 Insulated containers
- 7.5 Electrical and electronics
- 7.6 Fuel additives
- 7.7 Others
Chapter 8 Market Size and Forecast, By Region, 2018-2032 (USD Million, Kilo Tons)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Chevron Phillips Chemical Company LLC
- 9.2 DYMATIC Chemicals, Inc.
- 9.3 Eastman Chemical Company
- 9.4 Haltermann Carless
- 9.5 Huntsman Corporation
- 9.6 INEOS
- 9.7 LG Chem
- 9.8 Merck KGaA
- 9.9 Prasol Chemicals Pvt. Ltd.
- 9.10 SK Global Chemical Co., Ltd.
- 9.11 TCI Chemicals
- 9.12 Zhejiang Weihua Chemical Co., Ltd.
