openPR Logo
Press release

Analysis on Cyclopentane Market Booming Trends and Forecast Assessment for the Period 2017 – 2026

07-05-2018 12:54 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Fact.MR

Fact.MR

Growing need for the environment friendly insulators has led to an upsurge in demand for the cyclopentane products in the global market. In addition, increasing production of the refrigeration products is projected to impact the global market growth of cyclopentane positively. FactMR states that the global cyclopentane market is projected to reflect a CAGR of 5.9% over the forecast period.

The scope of the FactMR’s report is to analyze the global cyclopentane market for the forecast period 2017-2026 and offer accurate and unbiased insights to the readers. Cyclopentane manufacturers, suppliers, and stakeholders in the global industry can benefit from the analysis offered in this report.

Request For Sample Report

@ https://www.factmr.com/connectus/sample?flag=S&rep_id=371

Production of freezers and refrigerators has led to surge in demand for the insulating materials. As the need for insulating materials for manufacturing range of refrigerating products remain high, manufacturers are increasingly opting for foam-blowing agents such as cyclopentane. Manufacturers mainly prefer opting for cyclopentane attributed to low ozone depletion features. In addition, application of cyclopentane leads to reduced emission of carbon dioxide. Growing preference for environment friendly insulation materials has led to surge in demand for cyclopentane globally.

Production of Refrigeration Products to Boost Demand

Demand for cyclopentane is mainly derived from increasing production of various refrigerating products. Surge in demand for freezers and refrigeration products in the residential, automotive, food and beverage, and construction industry has led manufacturers to develop effective insulating foams. In addition, production of epoxy resins for composite materials, carbon fiber and fiberglass reinforcements is further expected to contribute towards growth of the global cyclopentane market during the forecast period.

Demand for Environment Friendly Products to Impact Global Market Growth

Attributed to comparatively low potential of global warming and ozone depletion, manufacturers are increasingly looking for options that have low environmental impact. As cyclopentane possesses comparatively low ozone depletion features, manufacturers are increasingly witnessing demand for cyclopentane for production of the perfumes and adhesives. With the growing need for manufacturing range of paints, coatings, pharmaceutical and food products, demand for cyclopentane is expected to remain high in the global market. Increasing production of heaters, refrigerators and other chemical solvents will continue to impact growth of the global market of cyclopentane during the forecast period.

However, various factors are expected to impact growth of the global cyclopentane market negatively. Ingesting cyclopentane during the production process can lead to vomiting and nausea due to irritation in the gastrointestinal tract. In addition, exposure to cyclopentane leads to incoordination, loss of consciousness, dizziness, lightheadedness and excitement. Moreover, severe exposure to cyclopentane can result in fatality due to respiratory failure. These factors are expected to inhibit growth of the global cyclopentane market significantly throughout the forecast period.

Factors Fuelling Global Market Growth

Growth of the global cyclopentane market is mainly bound to micro-economic and macro-economic factors. As the need for storing stock of food products in a particular temperature arise, adoption of the refrigerators and freezers continue to remain high. In addition, growing need for storing range of medical devices and products in low temperature conditions will further continue to rev up demand for refrigeration products in the healthcare industry. Surge in adoption of refrigerators and freezers in the food and beverage, healthcare, and pharmaceutical industry will continue to boost sales of the insulators globally.

Government in various countries have imposed regulations pertaining to adoption of environment friendly insulation materials. In order to offer environment friendly insulation options, manufacturers are witnessing robust demand for the cyclopentane products for manufacturing insulating materials. Unlike FCF and HCFC, cyclopentane possess low potential of ozone penetration attributes. As production of refrigerant products continues to increase in the food and beverage, pharmaceutical, healthcare, and construction industry, demand for the cyclopentane products will continue to increase significantly.

Surge in production of adhesives and coatings for packaging purposes will continue to rev up demand for resins globally. As demand for resins continues to increase for the production of fiberglass reinforcements, composite materials and carbon fiber, sales of cyclopentane is projected to increase globally. Growing production of composite materials, adhesives, carbon fiber and fiberglass reinforcement is further projected to contribute towards the global market growth of cyclopentane.

On the other hand, various factors will continue to inhibit the global market growth of cyclopentane significantly. Increasing ingestion of cyclopentane by the manufacturers during the process of production can result in nausea and vomiting attributed to the irritation in gastrointestinal tract. Exposure of central nervous system to cyclopentane is further likely to result in dizziness, excitement, unconsciousness, and lightheadedness. In addition, increasing exposure to the cyclopentane products can also be fatal attributed to the respiratory disorders. Such factors are projected to contribute towards the global market growth of cyclopentane over the forecast period.

Browse Full Report with TOC @ https://www.factmr.com/report/371/cyclopentane-market

Residential Refrigerators to Represent Significant CAGR

Growing need for insulating materials for the production of refrigeration products has led to surge in demand for foam-blowing agents in the global market. In terms of volume, the foam-blowing agents segment is projected to represent the highest growth, recording more than 99,200 units by 2026-end. On the other hand, the foam-blowing agents product type segment is projected to reflect the fastest growth in the global market of cyclopentane throughout the forecast period.

On the basis of application, the insulating construction material segment is projected to represent a significant growth in terms of volume, accounting for more than 18,300 units by 2017-end. However, the residential refrigerators application segment is projected to reflect a significant CAGR during the forecast period.

Insulating Construction Material to Represent a Leading Segment

As the need for insulators in the refrigerator products continue to increase, demand for the foam-blowing agents is expected to remain high. On the basis of product type, the foam-blowing agents segment is expected to represent significant growth in terms of volume, accounting for over 99,200 units by the end of 2026. In addition, the foam-blowing agents product type segment is expected to register a significant CAGR throughout the forecast period.

Based on application, the insulating construction material segment is expected to represent the highest growth in terms of volume, recording over 18,300 units in terms of volume by the end of 2017. On the other hand, the residential refrigerators application segment is expected to register a robust CAGR throughout the forecast period.

Market Players

Major players in the global market of cyclopentane are Dymatic Chemicals, Inc., Chevron Phillips Chemical Company LLC, LG Chem, Ltd., Beijing Eastern Acrylic Chemical Technology Co., Ltd., Trecora Resources, Yeochun NCC Co. Ltd., Merck & Co. Ltd, INEOS Group Ltd., Haldia Petrochemicals Limited, Maruzen Petrochemical Co., Ltd., Exxon Mobil Corporation, HCS Group GmbH and ZEON Corporation.

Buy Now! @ https://www.factmr.com/checkout/371/S

About FactMR

FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Industrial Goods Market Research Reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us

FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Analysis on Cyclopentane Market Booming Trends and Forecast Assessment for the Period 2017 – 2026 here

News-ID: 1111637 • Views: 142

More Releases from Fact.MR

Ergonomic Designs of Furniture and a Favourable Policy Framework for Newer Entra …
The global office furniture market is expected to create ~ US$ 22 Billion worth of incremental opportunity over the forecast period. Since the last two decades, the number of small, micro, and medium-sized enterprises has increased drastically in developed and developing countries. Moreover, constant provision from private investments and governments is fueling the growth of the private sector, which is further propelling the office furniture market growth to a great
Cyclopentane Market Statistics Based on Upcoming Chemical Industry Trends and Su …
The adoption of cyclopentane in commercial refrigerators has opened up new opportunities for the global cyclopentane market. Cyclopentane is popularly used as a foam blowing agent for polyurethane foams that are used to insulate freezers and refrigerators. The commercial refrigerator sector is experiencing a healthy growth across the globe, with Asia pacific region as the fastest growing region. The importance of commercial refrigerators is also increasing due to fluctuating climatic
Advanced Technologies in Blow Molded Containers Market Will Offer Lucrative Grow …
The global food & beverage industry accounts for the lion’s share in the blow molded containers market. The industry has shown fast pace growth in the recent years owing to rise in population and increase in per capita consumer spending, thereby driving expansion in the blow molded containers market. Concerning revenue, the global blow molded containers market is projected to expand at a CAGR of ~ 6% during the forecast
Squeezable Plastic Tubes Show Maximum Penetration in the Beauty and Personal Car …
Global sales of the squeezable plastic tubes in 2018 surpassed US$ 700 Mn and are anticipated to expand at a moderate pace over the forecast period, according to a recently published Fact.MR study. Europe will maintain its supremacy in the market for the squeezable plastic tubes, owing to the widespread consumption in various end-use applications of squeezable plastic tubes. Emerging markets like India, China, North Middle East & Africa, etc.

All 5 Releases


More Releases for FactMR

Elevator Sales Buoyed by Pervasive Trends of Digitalization and Mixed-Use Develo …
According to a new study by FactMR, the global sales of elevators are estimated to surpass 900 thousand units in 2019. The elevators industry continues to remain influenced by various factors, which range from the resurgent growth in new residential construction, to innovative developments in modern elevator designs such as cloud predictive maintenance and intuitive technologies. The study opines that demand for elevators shows no signs of abating alongside notable
Increased Enthusiasm for Smart Tires Expected to Impact Market Proliferation, de …
FactMR has published a new study titled “Automotive Tire Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022”, which drops light on the overall market scenario prevailing in the automotive tire sector. Based on this assessment, the automotive tire market is likely to register steady growth during the forecast period until 2022. Interestingly, it is projected that the target market will acquire nearly US$ 300 billion
Horehound Supplements Sales Sustained by Regulatory Amendments Advocating their …
According to new FactMR study, worldwide sales of horehound supplements are estimated to surpass 6,200 tons in 2019. The horehound supplements industry continues to be influenced by a slew of factors, ranging from growing consumer inclination towards botanical nutraceutical supplements to R&D investments in exploring the application scope of various traditional herbs. The study assesses the horehound supplements market in detail, and offers an analysis of the macroeconomic and industry-specific
Aluminum Alloy Metal Delivers Innovative Scope to Bolster Automotive Metal Wheel …
According to this meticulously compiled research study published by FactMR, the status of automotive metal wheel market stands dubious. Fluctuations in consumer trends together with swelling demand for light weight wheels is restricting the global market expansion. In order to confer additional market factors, readers can access the research report titled “Automotive Metal Wheel Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, added to the broad
Agriculture Sprayer Sales Surge as Cognitive Solutions and Precision Equipment G …
A recent study published by FactMR estimates the agricultural sprayer sales to surpass 3 million units by 2020. The study finds that technological transformations and digitization of the agriculture industry, along with demand for new tools and production methods, will remain key to growth of the agricultural sprayers industry. Request Here For a Free Sample Report - https://www.factmr.com/connectus/sample?flag=S&rep_id=3476 According to the study, leading manufacturers are adopting cognitive technologies to meet growing end-user
Electric Vehicles Revolution Creates Opportunities for EV Traction Motors, Revea …
According to the latest study by FactMR, global demand of EV traction motor is estimated to exceed US$ 6,000 Mn in 2019, up from US$ 5,391.9 Mn in 2018. Sales of electric vehicles and hybrid electric vehicles, upheld by a host of technological features and claims of optimal performance, are likely to boost growth of EV traction motor market in 2019 and beyond. In addition, increasing regulations and norms put in place