Cyclopentane Market In-depth Analysis, Share and Insights Covering Market Share Forecast to 2017 to 2026

Posted on 2019-07-24 by Mark Hub in Industrial // 0 Comments

Growing need for the environment friendly insulators has led to an upsurge in demand for the cyclopentane products in the global market. In addition, increasing production of the refrigeration products is projected to impact the global market growth of cyclopentane positively. Fact.MR states that the global cyclopentane market is projected to reflect a CAGR of 5.9% over the forecast period.

Rigid polyurethane foam has been one of the most prevalently used insulating material for domestic refrigerator-freezers where CFC-11 is used as blowing agent. However, technology to replace CFC-11 insulating foam for the refrigerator and freezer sector is of late witnessing robust development. Accordingly, rise in the demand for insulating materials for the production of refrigeration products has been the catalyst in the swelling demand for foam blowing agents as the volume is set to account for close to 100,000 units ( precisely 99,200 units) by 2026-end.

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Factors such as joint ventures; awareness; pressure to earn export market and availability of low cost options have led to CFC reduction in developing countries. As such, cyclopentane is not only being used as a blowing agent in the manufacture of polyurethane insulating foam, but also in the manufacture of rubber adhesives and synthetic resins.

Rise in the production of adhesives and coatings for packaging is slated to spur the growth of resins. With upsurge in the production of fiberglass reinforcements, carbon fiber and composite materials, growing demand for resins will have an indirect impact in the sale of cyclopentane.

Having said that, some of the underlying issues pertaining the market has been the increase in the ingestion of cyclopentane in the course of production. Exposure to cyclopentane can lead to lethal respiratory disorders.

Cyclopentane Market: Synopsis

Quantitative and qualitative analysis accentuate the in-depth and robust report on the cyclopentane market In addition, the report delves on dynamics in the market that are anticipated to have the influence on the growth of the cyclopentane market, comprising drivers, trends, restraints, and opportunities. Additionally, the report also focuses on segmentation of the market to offer a deep-dive analysis on cyclopentane.

The report sheds light on executive summary and overview section, which is aimed at providing a thorough assessment on the cyclopentane market. Further, the overview section delves into value chain analysis, PESTLE analysis, supply chain analysis, and pricing analysis to delineate cyclopentane market exhaustively.

Furthermore, the report elucidates benchmarking to assess the performance of the products and business processes and compare the performances of competitor companies both inside and outside the industry in search for optimal performance.

Attributed to comparatively low potential of global warming and ozone depletion, manufacturers are increasingly looking for options that have low environmental impact. As cyclopentane possesses comparatively low ozone depletion features, manufacturers are increasingly witnessing demand for cyclopentane for production of the perfumes and adhesives. With the growing need for manufacturing range of paints, coatings, pharmaceutical and food products, demand for cyclopentane is expected to remain high in the global market. Increasing production of heaters, refrigerators and other chemical solvents will continue to impact growth of the global market of cyclopentane during the forecast period.

However, various factors are expected to impact growth of the global cyclopentane market negatively. Ingesting cyclopentane during the production process can lead to vomiting and nausea due to irritation in the gastrointestinal tract. In addition, exposure to cyclopentane leads to incoordination, loss of consciousness, dizziness, lightheadedness and excitement. Moreover, severe exposure to cyclopentane can result in fatality due to respiratory failure. These factors are expected to inhibit growth of the global cyclopentane market significantly throughout the forecast period.

The robust analysis of the competitive landscape of the cyclopentane market hinges upon Porters’ Five Force Analysis. As such, the Porters’ Five Force Analysis focuses on the feasible strategies of the pertinent players in the cyclopentane market. Also, the business strategies depend upon product portfolio, company profile, SWOT analysis, key differentiation and recent development.

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