[117 Pages Report] The size of Cyclopentane Market was USD 242.4 million in 2018 and is projected to reach USD 335.7 million by 2023, at a CAGR of 6.7%. The growth of the market can be attributed to the increasing use of cyclopentane in residential and commercial refrigerator applications.
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Premium Insights of the report:
- Attractive Opportunities in the Cyclopentane Market
- Cyclopentane Market, By Region
- Cyclopentane Market, By Application
- Cyclopentane Market in APAC, By Function and Country
- Cyclopentane Market Attractiveness
Expansion is the key strategy adopted by the major players to strengthen their foothold in the cyclopentane market. North America and Europe witnessed the maximum number of strategic developments undertaken by various players between 2013 and 2018. HCS Group (Germany) and South Hampton Resources (US) undertook these strategies to enhance their positions in the cyclopentane market and strengthen their product portfolio.
Some of the key players in the cyclopentane market are HCS 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).
HCS Group (Germany) is one of the leading manufacturers of cyclopentane and has established its brand in different regions. The company is a significant player in the cyclopentane market. It had the largest production volume in 2017. The company manufactures cyclopentane used for specific and general applications. It has expanded its production capacities in Germany and the US by adopting expansion strategies in 2016 and 2017.
Jilin Beihua Fine Chemical Co., Ltd. (China) is another major player in the cyclopentane market that has large production capacity. The company has well-developed facilities with high production capacities. The company manufactures cyclopentane for general purposes.
Drivers & Opportunities in global industry:
- Global Phase-Out of Hcfcs by 85% By Late 2040s
- Increasing Use of Blowing Agents in the Construction, Automotive, and Appliance Industries
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