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Global Cyclopentane Market Production, Consumption, Revenue and Market share Details till 2026

02-02-2018 08:33 AM 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. Fact.MR states that the global cyclopentane market is projected to reflect a CAGR of 5.9% over the forecast period.

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This report offers an overview of the global cyclopentane market. This section comprises definition of the product – cyclopentane, along with key insights on dynamics playing an important role towards the growth of the market. The overview also includes market value and year-on-year growth defining the future progress and decline of the global cyclopentane. Data on the year-on-year growth provides readers with an overall view on expected progress reshaping growth during the forecast period.

In the next section, the report provides insights on major drivers, key trends, and retrains on the basis of demand, supply and macro-economic factors. The report also talks about an impact analysis of drivers and restraints that helps in decision-making and becoming more efficient.

The report further provides information on various technological advancements in the global cyclopentane market. Latest information and advancements regarding growth opportunities can prove to be beneficial for the leading manufacturers of cyclopentane. With advancements in technology, keeping an eye on the latest trends and developments is important for cyclopentane manufacturers to frame key business strategies. Key insights concerning the list of distributor, supply chain, cost structure, pricing analysis, and raw material sourcing, are also provided in this section of the report.

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.

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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.

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

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized 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.

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