Global Cyclopentane Market 2019-2023

Global Cyclopentane Market 2019-2023

About this market

Cyclopentane is majorly used in refrigerators due to its high demand as a blowing agent for insulation. Fluorinated blowing agents were widely used in refrigerators until 2014. However, the adverse effects of fluorine on the environment have led to the increasing demand for cyclopentane among refrigerator manufacturers. Cyclopentane refrigerants are used in refrigerators for storing a wide range of medical apparatus, medicines, and pharmaceuticals that require low temperatures. These factors are expected to drive the demand for cyclopentane as a refrigerant during the forecast period. Technavio’s analysts have predicted that the cyclopentane market will register a CAGR of almost 6% by 2023.

Market Overview

Growing demand for foam blowing agents from the automotive and construction industries

The global automotive industry is expected to grow, registering an increase in the need for foam blowing agents such as cyclopentane. Cyclopentane is used as a foam blowing agent to manufacture PU foams. PU foams are used extensively for manufacturing interior components in cars such as seats, headrests, armrests, roof liners, dashboards, and instrument panels. Also, these foams are widely used in the production of different automotive parts such as side skirts, wiper cowls, roll pans, and bumpers. Additionally, in the construction industry, PU foams are used in floor carpets, foam-cored entry doors, and garage doors.

High capital requirement

Cyclopentane manufacturing requires high capital investment and skilled labor. The workers need to be trained about handling cyclopentane and about its storage and usage. Also, they require protective gears while handling cyclopentane, which is costly. The availability of these protective gears is based on demand from the manufacturers, which is more expensive than other protective gears. This has led to a significant challenge for cyclopentane manufacturers. The protective gear manufacturers provide these gears based on the toxicity of various chemicals for which the production cost of these gears is high. Therefore, increasing the production cost of cyclopentane. Hence, the high capital requirement will hinder the growth of the global cyclopentane market during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the cyclopentane market during 2019-2023, view our report.

Competitive Landscape

The market appears to be highly fragmented. The presence of several companies, including HCS Group GmbH and INEOS AG makes the competitive environment quite intense. Factors such as the rise in demand for eco-friendly refrigerators from the consumer electronics industry and the phaseout of HCFCs will provide significant growth opportunities to the cyclopentane manufacturers. Merck KGaA, YEOCHUN NCC Co. Ltd., and Zeon Corp are some of the major companies covered in this report.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global specialty chemicals market
      • Table Segments of global specialty chemicals market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Refrigerators - Market size and forecast 2018-2023
      • Table Refrigerators - Market size and forecast 2018-2023 ($ millions)
      • Table Refrigerators - Year-over-year growth 2019-2023 (%)
    • Insulated construction materials - Market size and forecast 2018-2023
      • Table Insulated construction materials - Market size and forecast 2018-2023 ($ millions)
      • Table Insulated construction materials - Year-over-year growth 2019-2023 (%)
    • Electrical and electronics - Market size and forecast 2018- 2023
      • Table Electrical and electronics - Market size and forecast 2018-2023 ($ millions)
      • Table Electrical and electronics - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Technological advances in refrigeration systems
    • Use of green foams in packaging industry
    • Growing Chinese market
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • HCS Group GmbH
      • Table HCS Group GmbH - Vendor overview
      • Table HCS Group GmbH - Product segments
      • Table HCS Group GmbH - Key offerings
    • INEOS AG
      • Table INEOS AG - Vendor overview
      • Table INEOS AG - Product segments
      • Table INEOS AG - Organizational developments
      • Table INEOS AG - Geographic focus
      • Table INEOS AG - Segment focus
      • Table INEOS AG - Key offerings
    • Merck KGaA
      • Table Merck KGaA - Vendor overview
      • Table Merck KGaA - Business segments
      • Table Merck KGaA - Organizational developments
      • Table Merck KGaA - Geographic focus
      • Table Merck KGaA - Segment focus
      • Table Merck KGaA - Key offerings
    • YEOCHUN NCC Co. Ltd.
      • Table YEOCHUN NCC Co. Ltd. - Vendor overview
      • Table YEOCHUN NCC Co. Ltd. - Product segments
      • Table YEOCHUN NCC Co. Ltd. - Segment focus
      • Table YEOCHUN NCC Co. Ltd. - Key offerings
    • Zeon Corp.
      • Table Zeon Corp. - Vendor overview
      • Table Zeon Corp. - Business segments
      • Table Zeon Corp. - Organizational developments
      • Table Zeon Corp. - Geographic focus
      • Table Zeon Corp. - Segment focus
      • Table Zeon Corp. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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