Cyclopentane Market in Specialty Chemicals,Chemicals sector To Grow At a CAGR of 5.3% During The Period 2019-2023
The Cyclopentane Market Report provides Growth history, Sales channel, Manufacturers profiled in Cyclopentane industry, Market share of product and scope of a region in detail. The Market report also consists of key drivers and limiting factors affect the Cyclopentane Market Growth, Change in industry Trends or challenges faced by Cyclopentane Manufacturers in forecast years.Cyclopentane Market report will help you take well-versed decisions, understand opportunities, plan effective business strategies, plan new projects, analyze drivers and give you a vision on the industry forecast.
About Cyclopentane 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. Our analysts have predicted that the cyclopentane market will register a CAGR of almost 6% by 2023.
The report splits the global Cyclopentane market into the Americas, Asia-Pacific, Europe, the Middle East, and Africa Region. The Cyclopentane Market report useful for forecasters, marketers, industry specialists & consultants, sales, product managers, Business Development Advisors, Strategy Advisors, manufactures, potential investors, key executive (CEO and COO) to provides a detailed analysis of the key players in the market which provides a company overview, financial overview, service offering, different strategies used by them, and comprehensive SWOT analysis of
- HCS Group GmbH, INEOS AG, Merck KGaA, YEOCHUN NCC Co. Ltd., Zeon Corp.
Researcher project Cyclopentane market to grow at a CAGR of 5.3% during the period 2019-2023.
The worldwide and regional Cyclopentane market elements are precisely explained which helps to understand advancing of business trends, drivers, opportunities, and difficulties for the worldwide Cyclopentane market.
- 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 cyclopentene. 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.
- 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.
The Porter’s five forces analysis included in the report educates buyer on the current situations along with anticipated future Cyclopentane market size.
Some of the key topics covered in the report include:
- Competitive scenario – useful for starting up a new venture in Specialty Chemicals,Chemicals Sector to improve on what is already out there.
- Market Landscape – useful for organizations considering significant expansion or shifts in focus, or those conducting a rigorous strategic planning process in Cyclopentane Market.
- Market characteristics – useful before budgeting marketing dollars, management needs to know the size of the market, the competitive environment, the customer profile, the distribution system, and the key success factors
- Market Sizing and forecast – provide depth and clarity for clients in developed and emerging markets
- Market Drivers, Challenges, Trends – provide the latest upward and downward movements of the Cyclopentane market
- Vendor Landscape & Classification, Vendors covered & Market positioning of vendors in Cyclopentane Market
- Regional comparison & Key leading countries
- Porter’s Five Forces Analysis and many more
The CAGR of each segment in the Cyclopentane market along with global market (as a whole) is explained with great ease. Also, global and regional Cyclopentane market supply chain analysis provides vital info about producers, distributers and key end-users in the market. It also explains import-export situations, affecting factors, etc. to fully and deeply reveal market situations.
Table of Contents included in Cyclopentane Market Report –
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction- Market outline
PART 05: Market landscape – Market overview, Market size, and forecast, Five forces analysis
PART 06: Market segmentation by end-user industry
PART 07: Market segmentation by application
PART 08: Geographical segmentation – Cyclopentane market in APAC, Europe, North America & ROW
PART 09: A Decision framework
Be sure to follow us on Linkedin at @ 360 Market Updates for more on growth research of the market.
Name: Mr. Ajay More
Email: [email protected]
Organization: 360 Market Updates
Phone: +44 203 239 8187/ +1 424 253 0807
You May Check Our Other Report –
Coding and Marking Equipment Market will reach CAGR of 6.78% in 2023, Economic Impact in Technology Hardware & Equipment,Electronic Equipment, Instruments & Components,Electronic Equipment & Instruments Sector