Cyclopentane Market Size, Share, Opportunities, And Trends By Function (Blowing Agent & Refrigerant, Solvent & Reagent, Others), By Application (Refrigerators, Containers & Sippers, Personal Care Products, Electrical & Electronics, Insulating Construction Material, Fuel & Fuel Additives, Others), And By Geography - Forecasts From 2023 To 2028

The cyclopentane market is projected to grow considerably during the forecast period

It is projected that rising demand for refrigerators, insulated containers, and insulating building supplies will fuel the growth of the cyclopentane market. Furthermore, cyclopentane is being used more often as a potential replacement for hydrochlorofluorocarbons (HCFC) to ensure a sustainable future. Further, the increasing government regulations and policies are also supporting market growth. Moreover, growing knowledge of cyclopentane's attributes, such as its broad range of applications and environmental friendliness, is also anticipated to increase demand for cyclopentane.

Increasing demand in the refrigeration sector

Cyclopentane is created by cracking cyclohexane at high pressure and temperature in the presence of alumina. The main use of cyclopentane is as a foam-blowing agent in the synthesis of polyurethane, which is utilized in the construction of freezers, refrigerators, and other appliances. During the forecast period, the refrigeration market is anticipated to grow at a moderate rate. This will present numerous opportunities for the cyclopentane market to expand. The food and beverage industry's growing need for freezers and refrigerators is being driven by the need to keep food items at consistent temperatures. The demand is also being driven by the sharp rise in hospitals, pharmacies, clinics, and diagnostic centers' need for safe storage of blood, blood derivatives, and temperature-sensitive medications.

Increased use in the automotive and construction industries.

The superior insulation and physical integration properties of blowing agents have led to their increasing use in industries like construction, automotive, and manufacturing. Because of its exceptional thermal insulation qualities, polyurethane foam insulation in particular has gained popularity. As a result, blowing agents like cyclopentane are in higher demand. The demand for blowing agents is anticipated to continue rising due to the anticipated expansion in these industries, which will ultimately result in a rise in the use of cyclopentane. The production of foam insulation, which is used in freezers and refrigerators, requires cyclopentane.

Rising government regulations

The market is expected to grow as a result of strict regulations encouraging low-global warming potential (GWP) materials. Governments and international organizations are enacting stronger regulations to limit greenhouse gas emissions and lessen the impact of high-GWP substances as concerns about climate change and environmental sustainability grow. When making polyurethane foams, the product is thought to be a more environmentally friendly option than traditional blowing agents due to its low GWP and ozone depletion potential (ODP). Consequently, it perfectly satisfies the goals of these regulations, spurring its adoption in several industries. The use of Cyclopentane in polyurethane foams improves the energy efficiency and performance of the products while also helping them to comply with environmental regulations.

Expanding packaging industry

The market is presented with a multitude of opportunities by the growing packaging industry. The booming e-commerce, consumer goods, and industrial sectors are driving up demand for effective and dependable packaging solutions. Because they are excellent at cushioning and can protect valuable and delicate items during transit, foams based on cyclopentane have become a popular choice for protective packaging materials. As environmental consciousness and sustainability become more important to consumers, the packaging industry is looking for eco-friendly substitutes for conventional materials. Because the product is a low-GWP blowing agent and supports industry efforts to adopt more sustainable practices and lower carbon footprints, it satisfies this requirement.

High demand from the consumer electronics segment

The rising need for appliances and consumer electronics is another factor driving market growth. The consumer electronics and appliance industries are growing significantly as living standards rise and the world's population becomes more technologically literate. To improve performance and energy efficiency, these products frequently need lightweight materials and effective thermal insulation. Because of their low density and superior insulating qualities, foams based on cyclopentane have grown to be a popular option among manufacturers in this industry. Furthermore, buyers are looking for high-performing, environmentally friendly products as they become more conscious of the environment. Manufacturers seeking to meet sustainability targets and comply with strict environmental regulations find the product appealing. This is due to its low greenhouse gas footprint and zero potential to deplete the ozone layer.

Asia Pacific is projected to grow at a high rate during the forecast period

Over the course of the forecast period, the Asia-Pacific region is anticipated to grow considerably in the cyclopentane market. Because cyclopentane is being used in more residential and commercial refrigerators, demand for it has been rising in China and India, among other countries. Hydrochlorofluorocarbons (HCFCs) are produced and consumed most in China, which is also expected to phase them out due to environmental concerns. This will give cyclopentane and other non-HCFC foaming agents plenty of opportunities. The World Bank is providing funding to immediately stop producing and using HCFCs which is increasing the market growth.

Market key launches

• In February 2023 the HCS Group company Haltermann Carless, a leader in sustainable hydrocarbon solutions, announced the launch of a new line of low carbon mass balances Pentane products. The ISCC PLUS certified portfolio, which includes blends, n- and iso-pentane, and cyclopentane, will be utilized in specialized applications and industries where customers place a high value on reducing their carbon footprint, like building and refrigerator insulation.  Utilizing consistent and certified data, the ISCC PLUS certified mass balance approach is a great way to help customers realize a true circular economy and bioeconomy while achieving verifiable emission reductions in the supply chain.
• In February 2022, Zeon Corporation purchased Aurora Microplates, a well-known producer of high-performance microplates. This will assist Zeon in creating fresh approaches for supplying goods and resources for study and diagnosis. Using these initiatives, the industry participants maintain their market share expansion while integrating sustainability and offering enhanced applications for cyclopentane.

Cyclopentane Market Scope:

Segmentation:

• By Function
  • Blowing Agent & Refrigerant
  • Solvent & Reagent
  • Others
• By Application
  • Refrigerators
  • Containers & Sippers
  • Personal Care Products
  • Electrical & Electronics
  • Insulating Construction Material
  • Fuel & Fuel Additives
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Others