Cyclopentanone Market Key Growth Factors And Challenges, Economic Benefits For Future 2021 To 2031

* It is narcotic at high concentrations. It can be obtained through oxidation of cyclopentanol. It can also be obtained through the heating of adipic acid in the presence of barium hydroxide. Cyclopentanone is also easily subject to polymerization, especially in the presence of an acid.

* Cyclopentanone is primarily used in the manufacture of drugs, biological agents, pesticides, and rubber additives

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Key Drivers and Restraints of Cyclopentanone Market

* Rise in demand for cyclopentanone as an important chemical in the manufacture of perfumes and different aromas from the perfume industry can be ascribed to the growth of the personal care industry in various developing economies such as India and China. Steady growth of end-use industries is expected to drive the growth of cyclopentanone market during the forecast period.

* Increase in demand for cyclopentanone in the electronics industry, where the chemical is used as a solvent, is expected to drive the global cyclopentanone market during the forecast period. Besides this, growth of other end-use industries such as rubber chemicals and insecticides; and increase in usage in pharmaceuticals are expected to boost the cyclopentanone market during the forecast period.

* End-consumers and manufacturers of personal care products are concerned about the environmental footprint of various products and their ingredients. Increase in awareness about ill-effects of synthetic ingredients has propelled the demand for sustainable products that are made from organic solvents in the global personal care industry. This is also boosting the global market.

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COVID-19 Impact on Cyclopentanone Market

* On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.

* Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic

* Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is likely to hamper the cyclopentanone market.

Key Manufacturers Operating in Cyclopentanone Market

The cyclopentanone market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the cyclopentanone market include:

1. BASF SE
2. Solvay
3. SHANGHAI PEARLK CHEMICAL CO.,LTD
4. Zhejiang NHU Co., Ltd
5. Zeon Corporation

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