cyclopentane market

Cyclopentane is a cyclic hydrocarbon compound with the chemical formula C5H10. It is a colorless liquid at room temperature with a distinctive odor. Cyclopentane is primarily used as a blowing agent in the production of polyurethane foams, where it helps create the cellular structure. It is also employed as a solvent in various industrial processes and as a refrigerant in low-temperature applications. Additionally, cyclopentane is a key intermediate in the synthesis of pharmaceuticals, agrochemicals, and other organic compounds. It is highly flammable and requires careful handling and storage.

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The report "Cyclopentane Market With Covid-19 Impact Analysis by Function (Blowing Agent & Refrigerant, Solvent & Reagent), Application, and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2026", size was USD 272 million in 2020 and is projected to reach USD 430 million by 2026, at a CAGR of 7.8% between 2021 and 2026.

By function, blowing agent & refrigerant segment is expected to grow at a faster rate during the forecast period, in terms of volume

The cyclopentane market is expected to rise at a very promising 8% CAGR during the period of assessment from 2020 to 2030. The Fact.MR report states that the cyclopentane market is expected to be adversely affected in the short term during the coronavirus crisis. The decline in manufacturing activities of household appliances and consumer electronics during the pandemic will hurt the short-term prospects of the cyclopentane market.

"The rising demand for food products in controlled temperature environments is boosting the demand for refrigeration and freezing applications. Similar uses in consumer appliances will support market growth following the end of the pandemic for the foreseeable future," says the Fact.MR analyst.

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Cyclopentane Market - Important Takeaways

Fact.MR has adopted a multi-disciplinary approach to shed light on the evolution of the global Cyclopentane market during the historical period of 2014 – 2019. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2020, and key prospects over the forecast period 2020 – 2030. The study includes a thorough analysis of the overall competitive landscape and the company profiles of leading market players involved in the global Cyclopentane market. Further, the presented study offers accurate insights pertaining to the different segments of the Global Cyclopentane market such as the market share, value, revenue, and how each segment is expected to fair post the COVID-19 pandemic.

The global cyclopentane market is projected to witness an uptick, registering an impressive growth rate of 8% by 2030. Extensive rounds of primary and comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Cyclopentane market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Cyclopentane market.

After reading the Cyclopentane market report, readers get insight into: 

Fact.MR has adopted a multi-disciplinary approach to shed light on the evolution of the global Cyclopentane market during the historical period of 2014 – 2019. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2020, and key prospects over the forecast period 2020 – 2030.

The global cyclopentane market is projected to witness an uptick, registering an impressive growth rate of 8% by 2030. Extensive rounds of primary and comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Cyclopentane market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Cyclopentane market.

After reading the Cyclopentane market report, readers get insight into: 

Fact.MR has recently published a fresh study centered at the global cyclopentane market. According to this assessment titled “Cyclopentane Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027”, it has been highlighted that growing demand for commercial refrigerators has paved brighter opportunities for the cyclopentane market. The popularity of cyclopentane as a foam blowing agent for polyurethane foams makes it highly useful for insulating freezers and refrigerators. This report helps to determine the exact reasons for cyclopentane market expansion and its utility across diverse end-user segments.

Based on research insights, the imperative nature of commercial refrigerators is escalating due to fluctuating climatic circumstances which has caused wastage of harvested crops as a result of inadequate storage choices. As per external studies, more than one- fourth share of the harvested crops never touch the market due to unfitting refrigeration facilities. Therefore, higher the demand for commercial refrigerators, more is the market spread for cyclopentane. This study diligently states vital market facets related to the global cyclopentane market such as market size (US$ Mn), supply chain, pricing analysis, Y-o-Y growth, revenue (US$ Mn) & volume, market share comparison and a lot more.

Fact.MR has recently published a fresh study centered at the global cyclopentane market. According to this assessment titled “Cyclopentane Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027”, it has been highlighted that growing demand for commercial refrigerators has paved brighter opportunities for the cyclopentane market. The popularity of cyclopentane as a foam blowing agent for polyurethane foams makes it highly useful for insulating freezers and refrigerators. This report helps to determine the exact reasons for cyclopentane market expansion and its utility across diverse end-user segments.

Based on research insights, the imperative nature of commercial refrigerators is escalating due to fluctuating climatic circumstances which has caused wastage of harvested crops as a result of inadequate storage choices. As per external studies, more than one- fourth share of the harvested crops never touch the market due to unfitting refrigeration facilities. Therefore, higher the demand for commercial refrigerators, more is the market spread for cyclopentane. This study diligently states vital market facets related to the global cyclopentane market such as market size (US$ Mn), supply chain, pricing analysis, Y-o-Y growth, revenue (US$ Mn) & volume, market share comparison and a lot more.

Fact.MR has recently published a fresh study centered at the global cyclopentane market. According to this assessment titled “Cyclopentane Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027”, it has been highlighted that growing demand for commercial refrigerators has paved brighter opportunities for the cyclopentane market. The popularity of cyclopentane as a foam blowing agent for polyurethane foams makes it highly useful for insulating freezers and refrigerators. This report helps to determine the exact reasons for cyclopentane market expansion and its utility across diverse end-user segments.

Based on research insights, the imperative nature of commercial refrigerators is escalating due to fluctuating climatic circumstances which has caused wastage of harvested crops as a result of inadequate storage choices. As per external studies, more than one- fourth share of the harvested crops never touch the market due to unfitting refrigeration facilities. Therefore, higher the demand for commercial refrigerators, more is the market spread for cyclopentane. This study diligently states vital market facets related to the global cyclopentane market such as market size (US$ Mn), supply chain, pricing analysis, Y-o-Y growth, revenue (US$ Mn) & volume, market share comparison and a lot more.

The global cyclopentane demand reached over 200,000 tons in 2018 as per the new research study carried by Fact.MR and the market is valued ~ US$ 350 million. According to the report, the cyclopentane market is expected to grow at ~ 7% CAGR over the forecast period. This healthy growth can be attributed to the developments in the refrigerator insulation materials, replacement of HCFCs with cyclopentane as foaming agent for polyurethane foams, and adoption of cyclopentane by prominent refrigerator manufacturers as eco-friendly alternatives over greenhouse gas emitting materials in the insulation process. As per industry experts, the sales of residential refrigerators are experiencing a boost across the globe and the market is expected to grow over ~ 6% globally. Also, the government promotions for the use of cyclopentane as foam blowing agent are expected to provide impetus to the cyclopentane market. For instance, China is promoting the use of cyclopentane as foam blowing agent, which has significantly influenced refrigerator manufacturers to adopt cyclopentane over other alternatives. Some of the key refrigerator manufacturers have increased their manufacturing capabilities for cyclopentane-based refrigerators owing to the demand for eco-friendly refrigerators in the market from customers.

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The rapidly expanding cyclopentane market is the focus of a new report added to the market intelligence repository of Fact.MR. This 170-page broad study is headlined as “Cyclopentane Market Research Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2026” which noticeably examines the prospects of the global cyclopentane industry till the end of 2022, using the market’s development trajectory in the recent past as the key indicator of actionable insights into the market’s growth pattern. A blend of primary & secondary research has been implemented for offering estimates and forecasts on the concerned market.

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Production of Refrigeration Products to Boost Demand