Cyclopentane Market (Blowing Agent & Refrigerant, Solvent & Reagent) by Type, Application & 2023 Forecast

The market size of cyclopentane http://www.rnrmarketresearch.com/cyclopentane-market-by-function-blowing-agent-refrigerant-solvent-reagent-application-residential-refrigerator-commercial-refrigerator-insulated-containers-and-sippers-and-others-and-region-global-fo-ts-to-2023-market-report.html. 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 2040.

Some key companies profiled in this report areHCS 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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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.

Cyclopentane as a blowing agent is one of the cost-effective solutions after the phase-out of HCFC- 141b.Cyclopentane offers the highest initial R-value, good peel adhesion, and good solubility/compatibility with existing raw materials. Many foam manufacturers have chosen cyclopentane to replace HCFC-141b for reduced cost and low ODP and GWP. This is expected to drive its demand as a blowing agent & refrigerant during the forecast period.

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Breakdown of profiles of primary interviews for the cyclopentane market report
1. By Company Type – Tier 1– 50%, Tier 2–33%, and Tier 3–17%
2. By Designation – C Level– 17%, Director Level–33%, and Others–50%
3. By Region – APAC – 50%, Europe – 25%, and North America – 25%

The objectives of this study are:
1. To define, describe, and forecast the cyclopentane market, in terms of value and volume.
2. To provide detailed information about the key growth factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market.
3. To analyze and forecast the market on the basis of function and application.
4. 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.
5. To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders.
6. To analyze the competitive developments such as expansion in the cyclopentane market
7. To strategically identify and profile the key market players and analyze their core competencies.

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Key benefits of buying Cyclopentane market report:

From an insight perspective, this research report focuses on various levels of analyses, which include industry analysis (industry trends) and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments, high-growth regions, and drivers, restraints, opportunities, and challenges of the cyclopentane market.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on cyclopentane offered by the top players in the market.

Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and expansions in the cyclopentane market.

Market Development: Comprehensive information about the lucrative and emerging markets.The report analyzes the markets for cyclopentane across different regions.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the cyclopentane market.

Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of the leading players in the cyclopentane market.

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