Global Cyclopentane Market to Witness Huge Growth by 2027
Cyclopentane is a kind of exceptionally combustible alicyclic hydrocarbon which is utilized in the assembling of manufactured tars and elastic cements and furthermore changing the period of cell construction of polyurethane protecting froth, utilized in business coolers. It is sort of dry in nature and has a comparative scent with respect to that of petroleum. Its primary advantages and why its supplanting other unsafe synthetics in fridges is because of its zero ozone layer exhaustion and exceptionally low an Earth-wide temperature boost potential.
Cyclopentane is utilized in the development of manufactured gums and elastic cements, as well as a blowing specialist in the creation of polyurethane protecting froth. It is additionally used as a refrigerant in different domestic devices, for example, fridges and coolers, supplanting CFC-11 and HCFC-141b. Ointments containing different alkylated cyclopentane (MAC) have low instability and are utilized in an assortment of utilizations.
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ChemIntel360’s global Cyclopentane Market study is a 170+ slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, and applications perspective. The industry is expected to grow at a CAGR of 5.4% during the forecast period mainly due to growing demand of Cyclopentane in the production of interior parts for the automotive industry. Additionally, it can also be utilized in the production of composite materials for construction and automotive industries.
Scope
This study contains global and regional market size data - value and volume. The numbers are broken down by application (Residential Refrigerators, Commercial Refrigerators, Insulated Containers and Sippers, Insulating Construction Materials, Electrical and Electronics, Personal Care Products, Fuel and Fuel Additives and Others).The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Cyclopentane market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$0.24 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X.X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
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Key players:
The cyclopentane market is led by major players, such as HCS Group (Germany), Jilin Beihua Fine Chemical Co., Ltd. (China), DYMATIC Chemicals Inc. (UK), INEOS (UK), Liaoning Yufeng Chemical Co., Ltd. (China), Maruzen Petrochemical (Japan), Chevron Phillips Chemical Company LLC (US), YEOCHUN NCC Co., Ltd. (South Korea), South Hampton Resources (US), and SK Global Chemical Co., Ltd. (South Korea).
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