Global Cyclopentane Market was valued at USD 237.7 Million in 2018 and is expected to reach USD 400.3 Million by year 2026, at a CAGR of 6.7%. Global Cyclopentane is an environmentally friendly and cost-effective insulation material which would be used dominantly for insulation after phasing out of insulation material containing Hydrofluorocarbons. Global Cyclopentane has zero OPD and a very low GWP, which reduces CO2 emissions drastically. It is a blowing agent for polyurethane foams that are used to insulate refrigerators and freezers and is used in the production of synthetic resins, rubber adhesives, and personal care products such as perfumes.

Greenhouse gases are released in large quantities due to human activities, and in view of the current level of emissions their atmospheric concentrations are expected to increase over the coming years. The major issue is with such gases used in refrigeration, which tend to be ozone-harming. Global Cyclopentane is considered a cost-effective solution to HCFC-141b, as it has the highest initial R-value, good peel adhesion, and good solubility with other raw materials. Many foam manufacturers opt for Global Cyclopentane over HCFC-141b due to it being the cheaper alternative and zero Ozone Depletion Potential (ODP) and low Global Warming Potential (GWP). Compared to other fluorocarbons, Global Cyclopentane is less potent as a global warming agent and does not break down into acids. These favorable properties are expected to drive the demand for Global Cyclopentane in the application of blowing agents and refrigerants in the forecast period.

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Major Companies Operating in the industry and profiled in the report are:

Liaoning Yufeng Chemical Co. Ltd., Chevron Phillips Chemical Company, HCS Group GmbH, Dymatic Chemicals, Ineos, Yeochun NCC Co. Ltd., EQX Material, Hunan precision equipment manufacturing Co. Ltd., South Hampton Resources, Maruzen Petrochemical, SK global chemical Co. Ltd, Haldia Petrochemicals Limited, HPLA Group, LG Chem, Pure Chemicals, Trecora Resources, Sinteco S.R.L, EnC Global, and OCI Company Ltd.

Further key findings from the report suggest:

The Global Cyclopentane market is rising at a CAGR of 3% in Asia Pacific, followed by Europe and North America, with 6.5% and 6.3% CAGR, respectively. Increasing use of environment-friendly insulation materials worldwide is the key factor in accelerating Global Cyclopentane market growth during forecast period across all regions.

As of 2018, the Residential refrigerant segment is dominating Global Cyclopentane, which holds 33.7% of the global market. Asia Pacific regional market is the chief revenue-generating source for this product segment, followed by Europe and North American regions

Insulating construction materials is expected to be the fastest-growing market segment during the forecast period 2019-2026 with a CAGR of 7.4%.

The solvent and Reagents segment was valued at USD 81.1 Million in 2018 and is expected to reach USD 134.6 Million by 2026.

Blowing agent and Refrigerant is the dominant function segment of the global Global Cyclopentane It is further anticipated to register the fastest growth with a CAGR of 7.1% during the forecast period.

The Asia Pacific is expected to account for 34.7% of the global Global Cyclopentane market. Developing nations such as China and India are likely to witness high growth

Associated side effects related to Global Cyclopentanes and lack of awareness about pruritus is likely to hinder the market growth during the forecast period.

North America is the third-largest region in terms of revenue generation. It accounts for 24.3% of the market share.

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The chemical industry produces a vast array of products that affect almost every part of modern life. While many of the industry's products, including as detergents, soaps, and perfumes, are sold directly to consumers, others are utilized as intermediates in the production of other goods. In Europe, for example, 70% of chemicals produced are used to make products for other sectors, including various branches of the chemical industry. The industry works with a variety of basic materials, including air, minerals, and oil.

With increased global competition, finding new ways for the business to satisfy it’s smarter, demanding, and environmentally sensitive consumers remains critical.

The chemical industry's output can be split into three categories: Basic chemicals, Specialty chemicals, and Consumer chemicals.

Basic chemicals, which are manufactured in vast quantities, are primarily sold within the chemical industry and to other industries before reaching the general public. Crop protection, paints and inks, and colorants are all examples of specialty chemicals (dyes and pigments). Chemicals utilized in industries as diverse as textiles, paper, and engineering are included.

In market segmentation by types of Global Cyclopentane, the report covers

Blowing agent & Refrigerant

Solvent & Reagent

Others

In market segmentation by applications of the Global Cyclopentane, the report covers the following uses

Residential Refrigerants

Commercial Refrigerants

Insulated containers & sippers

Electrical & Electronics

Insulating construction materials

Care products

Fuel & Fuel additives

Others

The regional analysis covers:

North America (U.S., Canada, Mexico)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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