Cyclopentane Market worth USD 227.5 Million by 2023 at a CAGR of 6.7%
The market size of Cyclopentane 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 2040s.
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Browse 65 market data Tables and 42 Figures spread through 117 Pages and in-depth TOC on "Cyclopentane Market
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 AttractivenessThe 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.
Some of the key players operating in the cyclopentane market are HCS Group (Germany), Jilin Beihua Fine Chemical Co., Ltd. (China), DYMATIC Chemicals Inc. (UK), INEOS (UK), and Liaoning Yufeng Chemical Co., Ltd. (China).
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