The market for cyclopentane is expected to grow at a high CAGR of 7.4% from 2021 to 2031, reaching US$ 770 million. In 2020, cyclopentane sales were estimated to be worth $367 million dollars. In 2020, global cyclopentane consumption was approximately 216 kilo tonnes, and it is expected to grow at a volume CAGR of roughly 6.8% through 2031.
According to Fact.MR, a market research and competitive intelligence firm, the global cyclopentane (C Pentane) market will continue to be driven by larger advancements in the refrigerant and construction industries, with great consumption potential.
Key Segments Covered in Cyclopentane Industry Research
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By Product Type
- Foam-blowing Agent
- Solvents and Reagents
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By Purity
- Below 90% Cyclopentane
- 90-95% Cyclopentane
- 95% and Above Cyclopentane
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By Application
- Residential Refrigerators
- Commercial Refrigerators
- Insulated Containers and Sippers
- Insulating Construction Material
- Analytical and Scientific Applications
- Others
Environment of competition
The competitive landscape of the cyclopentane market demonstrates that the leading cyclopentane producers include
LG Chem Ltd., Chevron Phillips Chemical Company LLC, Dymatic Chemicals Inc.
All of these companies are concentrating on increasing market appeal, focusing on delivery, expanding their portfolios, and developing their brands.
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