Chicago, June 06, 2024 (GLOBE NEWSWIRE) — The Global Cyclopentane Market size was USD 366 million in 2023 and is projected to reach USD 476 million by 2028 at a CAGR of 5.4% between 2023 and 2028, as per the recent study by MarketsandMarkets™. Cyclopentane is a crucial blowing agent in producing polyurethane foam, extensively used for thermal insulation in refrigerators, freezers, buildings, and various industrial applications. Growing awareness of energy efficiency and stringent regulations promoting insulation in multiple sectors like construction and appliances fuel demand for cyclopentane as a blowing agent in polyurethane foam. Increasing regulatory emphasis on energy efficiency and sustainability propels the demand for cyclopentane-based insulation solutions, particularly in appliances and construction materials.
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Browse in-depth TOC on “Cyclopentane Market”
280- Market Data Tables
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List of Key Players in Cyclopentane Market:
HCS Group (Germany)
Jilin Beihua Fine Chemical Co., Ltd. (China)
Dymatic Chemicals, Inc. (China)
INEOS (UK)
Liaoning Yufeng Chemical Co., Ltd. (China)
Maruzen Petrochemical (Japan)
SK Global Chemical Co., Ltd. (South Korea)
Haldia Petrochemicals Limited (India)
Junyuan Petroleum Group (China)
Zeon Corporation (Japan)
Others.
Drivers, Restraints, Opportunities and Challenges in Cyclopentane Market:
Drivers: Global phase-out of HCFCs by 85% by late 2040s
Restraints: High Capital Investments
Opportunity: Increasing use of blowing agents in the construction, automotive, and appliance industries
Challenge: Flammability of cyclopentane
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Key Findings of the Study:
By function, the blowing agent & refrigerant segment is expected to grow faster …