Cyclopentane Market by Function (Blowing Agent & Refrigerant, Solvent & Reagent), Application (Residential Refrigerator, Commercial Refrigerator, Insulated containers and sippers, and others), and Region - Global Forecasts to 2023
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Request For Special Pricing[117 Pages Report] The market size of cyclopentane was USD 227.5 million in 2017 and is projected to reach USD 335.7 million by 2023, at a CAGR of 6.7% during the forecast period. In this report, 2017 has been considered as the base year and 20182023 as the forecast period.
The objectives of this study are:
- To define, describe, and forecast the cyclopentane market, in terms of value and volume
- To provide detailed information about the key growth factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To analyze and forecast the market on the basis of function and application
- To estimate and forecast the market size with respect to five regions, namely, Europe, Asia Pacific (APAC), North America, the Middle East & Africa, and South America along with their key countries
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
- To analyze the competitive developments such as expansion in the cyclopentane market
- To strategically identify and profile the key market players and analyze their core competencies
This research study involves the extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study of the cyclopentane market. The primary sources that have been considered mainly include several industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industrys supply chain. After arriving at the total market size, the overall market has been split into several segments and subsegments.
The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during this research study on the cyclopentane market:
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Major 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). These key players have adopted various organic and inorganic strategies to maintain their shares in the cyclopentane market.
The target audiences for the cyclopentane market report are as follows:
- Cyclopentane Manufacturers
- Cyclopentane Traders, Distributors, and Suppliers
- End-use Market Participants of Different Segments of the Cyclopentane Market
- Government and Research Organizations
- Associations and Industrial Bodies
- Research and Consulting Firms
- R&D Institutions
- Environmental Support Agencies
- Investment Banks and Private Equity Firms
Scope of the Report
This report categorizes the cyclopentane market on the basis of type, end-use industry, and region.
Cyclopentane market, by Function:
- Blowing agent & refrigerant
- Solvent & reagent
- Others
Cyclopentane market, by Application:
- Residential refrigerators
- Commercial refrigerators
- Insulated containers and sippers
- Insulating construction materials
- Electrical & electronics
- Personal care products
- Fuel & fuel additives
- Others
Cyclopentane market, by Region:
- APAC
- North America
- Europe
- South America
- Middle East & Africa
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region to the country level with additional applications and/or types
Country Information
- Additional country information (up to three)
Company Information
- Detailed analysis and profiles of additional market players (up to five)
The market size of cyclopentane is estimated at USD 242.4 million in 2018 and is projected to reach USD 335.7 million by 2023, at a CAGR of 6.7%. The major driver for the market includes the increasing use of environmentally friendly blowing agents after the phase-out of HCFCs by late 2040s.
The cyclopentane market has been classified on the basis of function and application. The market is classified into blowing agent & refrigerant, solvent & reagent, and others, based on function. Cyclopentane is widely used as a blowing agent & refrigerant owing to stringent regulations such as Montreal Protocol, which have reduced the use of existing blowing agents having a high ODP and GWP.
On the basis of application, residential refrigerants is the largest application in the cyclopentane market. The demand for cyclopentane for residential refrigerants is driven by the reduced use of fluorinated blowing agents in this application owing to the stringent regulations. Cyclopentane is a cheap substitute for the existing blowing agents in this application.
By region, the market is segregated into APAC, Europe, North America, South America, and the Middle East & Africa. APAC is the largest and fastest-growing market for cyclopentane. According to the International Monetary Fund (IMF), China and India are two of the fastest-growing economies in the world. India is expected to overtake China with the highest growth rate, thus, driving the global economy. With such a growth rate in these countries, the cyclopentane market is also projected to register a high growth rate in the future.
The major restraint for the cyclopentane market is the high capital investments involved in setting up a production plant. This is because cyclopentane is flammable in nature and, hence, requires additional cost in setting up a plant that has precautionary measures for reducing the risk of fires.
Some of the key players operating in the cyclopentane market are HCS Group (Germany), Jilin Beihua Fine Chemical Co., Ltd. (China), DYMATIC Chemicals Inc. (UK), INEOS (UK), and Liaoning Yufeng Chemical Co., Ltd. (China).
Competition among these players is moderate, as the top companies have a strong foothold in the market and, hence, have a large market share. Many of the players are not involved in undertaking any growth strategies.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumption
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 29)
4.1 Attractive Opportunities in the Cyclopentane Market
4.2 Cyclopentane Market, By Region
4.3 Cyclopentane Market, By Application
4.4 Cyclopentane Market in APAC, By Function and Country
4.5 Cyclopentane Market Attractiveness
5 Market Overview (Page No. - 33)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Global Phase-Out of Hcfcs By 85% By Late 2040s
5.2.2 Restraints
5.2.2.1 High Capital Investments
5.2.3 Opportunities
5.2.3.1 Increasing Use of Blowing Agents in the Construction, Automotive, and Appliance Industries
5.2.4 Challenges
5.2.4.1 Flammability of Cyclopentane
5.3 Porters Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Regulations
5.4.1 Montreal Protocol (MP)
5.4.2 Kyoto Protocol
5.4.3 U.S. Environment Protection Agency (EPA) Snap Program
6 Cyclopentane Market, By Function (Page No. - 41)
6.1 Introduction
6.2 Blowing Agent & Refrigerant
6.3 Solvent & Reagent
6.4 Others
7 Cyclopentane Market, By Application (Page No. - 48)
7.1 Introduction
7.2 Residential Refrigerators
7.3 Commercial Refrigerators
7.4 Insulated Containers and Sippers
7.5 Insulating Construction Materials
7.6 Electrical & Electronics
7.7 Personal Care Products
7.8 Fuel & Fuel Additives
7.9 Others
8 Cyclopentane Market, By Region (Page No. - 58)
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.2 South Korea
8.2.3 Japan
8.2.4 India
8.2.5 Rest of APAC
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Italy
8.3.5 Rest of Europe
8.4 North America
8.4.1 US
8.4.2 Mexico
8.4.3 Canada
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.2 South Africa
8.5.3 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Rest of South America
9 Competitive Landscape (Page No. - 93)
9.1 Overview
9.2 Market Ranking Analysis
9.3 Competitive Situation and Trends
9.3.1 Expansion
10 Company Profiles (Page No. - 95)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 HCS Group
10.2 Jilin Beihua Fine Chemical Co., Ltd.
10.3 DYMATIC Chemicals,Inc.
10.4 INEOS
10.5 Liaoning Yufeng Chemical Co., Ltd.
10.6 Maruzen Petrochemical
10.7 Chevron Phillips Chemical Company LLC
10.8 YEOCHUN NCC Co., Ltd.
10.9 South Hampton Resources
10.10 SK Global Chemical Co., Ltd.
10.11 Additional Company Profiles
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
11 Appendix (Page No. - 111)
11.1 Insights From Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets Subscription Portal
11.4 Available Customizations
11.5 Related Reports
11.6 Author Details
List of Tables (65 Tables)
Table 1 Cyclopentane Market Size, By Function, 20162023 (USD Million)
Table 2 Cyclopentane Market Size, By Function, 20162023 (Kiloton)
Table 3 Blowing Agent & Refrigerant: Cyclopentane Market Size, By Region, 20162023 (USD Million)
Table 4 Blowing Agent & Refrigerant: Cyclopentane Market Size, By Region, 20162023 (Kiloton)
Table 5 Solvent & Reagent: Cyclopentane Market Size, By Region, 20162023, (USD Million)
Table 6 Solvent & Reagent: Cyclopentane Market Size, By Region, 20162023, (Kiloton)
Table 7 Other Functions: Cyclopentane Market Size, By Region, 20162023 (USD Million)
Table 8 Other Functions: Cyclopentane Market Size, By Region, 20162023 (Kiloton)
Table 9 By Market Size, By Application, 20162023 (USD Million)
Table 10 By Market Size in Residential Refrigerators Application, By Region, 20162023 (USD Million)
Table 11 By Market Size in Commercial Refrigerators Application, By Region, 20162023 (USD Million)
Table 12 By Market Size in Insulated Containers and Sippers Application, By Region, 20162023 (USD Million)
Table 13 By Market Size in Insulating Construction Materials Application, By Region, 20162023 (USD Million)
Table 14 By Market Size in Electrical & Electronics Application, By Region, 20162023 (USD Million)
Table 15 By Market Size in Personal Care Products Application, By Region, 20162023 (USD Million)
Table 16 By Market Size in Fuel & Fuel Additives Application, By Region, 20162023 (USD Million)
Table 17 By Market Size in Other Applications, By Region, 20162023 (USD Million)
Table 18 By Market Size, By Region, 20162023 (USD Million)
Table 19 By Market Size, By Region, 20162023 (Kiloton)
Table 20 APAC: By Market Size, By Country, 20162023 (USD Million)
Table 21 APAC: By Market Size, By Country, 20162023 (Kiloton)
Table 22 APAC: By Market Size, By Function, 20162023 (USD Million)
Table 23 APAC: By Market Size, By Function, 20162023 (Kiloton)
Table 24 APAC: By Market Size, By Application, 20162023 (USD Million)
Table 25 China: By Market Size, By Application, 20162023 (USD Million)
Table 26 South Korea: By Market Size, By Application, 20162023 (USD Million)
Table 27 Japan: By Market Size, By Application, 20162023 (USD Million)
Table 28 India: By Market Size, By Application 20162023 (USD Million)
Table 29 Rest of APAC: By Market Size, By Application, 20162023 (USD Million)
Table 30 Europe: By Market Size, By Country, 20162023 (USD Million)
Table 31 Europe: By Market Size, By Country, 20152022 (Kiloton)
Table 32 Europe: By Market Size, By Function, 20162023 (USD Million)
Table 33 Europe: By Market Size, By Function, 20162023 (Kiloton)
Table 34 Europe: By Market Size, By Application, 20162023 (USD Million)
Table 35 Germany: By Market Size, By Application, 20162023 (USD Million)
Table 36 France: By Market Size, By Application, 20162023 (USD Million)
Table 37 UK: By Market Size, By Application, 20162023 (USD Million)
Table 38 Italy: By Market Size, By Application, 20162023 (USD Million)
Table 39 Rest of Europe: By Market Size, By Application, 20162023 (USD Million)
Table 40 North America: By Market Size, By Country, 20162023 (USD Million)
Table 41 North America: By Market Size, By Country, 20162023 (Kiloton)
Table 42 North America: By Market Size, By Function, 20162023 (USD Million)
Table 43 North America: By Market Size, By Function, 20162023 (Kiloton)
Table 44 North America: By Market Size, By Application, 20162023 (USD Million)
Table 45 US: By Market Size, By Application, 20162023 (USD Million)
Table 46 Mexico: By Market Size, By Application, 20162023 (USD Million)
Table 47 Canada: By Market Size, By Application, 20162023 (USD Thousand)
Table 48 Middle East & Africa: By Market Size, By Country, 20162023 (USD Million)
Table 49 Middle East & Africa: By Market Size, By Country, 20162023 (Kiloton)
Table 50 Middle East & Africa: By Market Size, By Application, 20162023 (USD Million)
Table 51 Middle East & Africa: By Market Size, By Function, 20162023 (USD Million)
Table 52 Middle East & Africa: By Market Size, By Function,20162023 (Kiloton)
Table 53 Saudi Arabia: By Market Size, By Application, 20162023 (USD Million)
Table 54 South Africa: By Market Size, By Application, 20162023 (USD Million)
Table 55 Rest of Middle East & Africa: By Market Size, By Application, 20162023 (USD Million)
Table 56 South America: By Market Size, By Country, 20162023 (USD Million)
Table 57 South America: By Market Size, By Country, 20162023 (Kiloton)
Table 58 South America: By Market Size, By Application, 20162023 (USD Million)
Table 59 South America: By Market Size, By Function, 20162023 (USD Million)
Table 60 South America: By Market Size, By Function, 20162023 (Kiloton)
Table 61 Brazil: By Market Size, By Application, 20162023 (USD Million)
Table 62 Argentina By Market, By Application (USD Thousand)
Table 63 Rest of South America: By Market Size, By Application, 20162023 (USD Million)
Table 64 Company List With Their Production Volumes in 2017
Table 65 Expansion, 20142018
List of Figures (42 Figures)
Figure 1 Cyclopentane Market Segmentation
Figure 2 Cyclopentane Market: Research Design
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Cyclopentane Market: Data Triangulation
Figure 6 Blowing Agent & Refrigerant Was the Largest Cyclopentane Market, By Function, in 2017
Figure 7 Residential Refrigerators to Be the Largest Application of Cyclopentane Between 2018 and 2023
Figure 8 APAC Dominated the Cyclopentane Market in 2017
Figure 9 Cyclopentane Market to Register A High Growth During the Forecast Period
Figure 10 North America to Be the Fastest-Growing Market Between 2018 and 2023
Figure 11 Residential Refrigerators to Be the Fastest-Growing Application Segment Between 2018 and 2023
Figure 12 China Accounted for the Largest Share of the Cyclopentane Market in 2017
Figure 13 Cyclopentane Market to Register High Growth in US and China Between 2018 and 2023
Figure 14 Overview of Factors Governing the Cyclopentane Market
Figure 15 Cyclopentane Market: Porters Five Forces Analysis
Figure 16 Solvent & Reagent to Be the Fastest-Growing Function in the Cyclopentane Market
Figure 17 APAC to Be the Largest Market for Cyclopentane as A Blowing Agent & Refrigerant
Figure 18 North America to Dominate the Cyclopentane Market as A Solvent & Reagent
Figure 19 APAC to Be the Largest Cyclopentane Market for Other Functions
Figure 20 Residential Refrigerators to Be the Leading Application Segment in the Cyclopentane Market, Between 2018 and 2023
Figure 21 APAC to Be the Largest Market in Residential Refrigerators Application
Figure 22 North America to Be the Fastest-Growing Market in Commercial Refrigerators Application
Figure 23 APAC to Be the Largest Market in Insulated Containers and Sippers Application
Figure 24 North America to Be the Fastest-Growing Market in Insulating Construction Materials Application
Figure 25 APAC to Be the Largest Market in Electrical & Electronics Application
Figure 26 Europe to Be the Largest Market in Personal Care Products Application
Figure 27 APAC to Be the Largest Market in Fuel & Fuel Additives Application
Figure 28 APAC to Be the Largest Market in Other Applications
Figure 29 US, UK, and France to Emerge as New Strategic Destinations for the Cyclopentane Market
Figure 30 APAC: Cyclopentane Market Snapshot
Figure 31 Europe: Cyclopentane Market Snapshot
Figure 32 North America: Cyclopentane Market Snapshot
Figure 33 Middle East & Africa: Cyclopentane Market Snapshot
Figure 34 South America: Cyclopentane Market Snapshot
Figure 35 HCS Group: SWOT Analysis
Figure 36 Jilin Beihua Fine Chemical Co., Ltd.: SWOT Analysis
Figure 37 DYMATIC Chemicals Inc.: SWOT Analysis
Figure 38 INEOS: Company Snapshot
Figure 39 INEOS: SWOT Analysis
Figure 40 Liaoning Yufeng Chemical Co.,Ltd.: SWOT Analysis
Figure 41 Chevron Phillips Chemical Company: Company Snapshot
Figure 42 SK Global Chemical Co., Ltd.: Company Snapshot
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Growth opportunities and latent adjacency in Cyclopentane Market