Chicago, April 25, 2023 (GLOBE NEWSWIRE) -- Global Cyclopentane Market size was USD 272 million in 2020 and is projected to reach USD 430 million by 2026, at a CAGR of 7.8% between 2021 and 2026, as per the recent study by MarketsandMarkets™. Cyclopentane is used across various applications such as residential refrigerator, commercial refrigerator, insulated containers and sippers, insulating construction material, electrical & electronics, among others.
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Browse In-Depth TOC On "Cyclopentane Market"
84 - Market Data Tables 24 - Figures 121 - Pages
List of Key Players in Cyclopentane Market:
Drivers, Restraints, and Opportunities in Cyclopentane Market:
Key Findings of the Study:
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By function, blowing agent & refrigerant segment is expected to grow at a faster rate during the forecast period, in terms of volume
The blowing agent & refrigerant segment is expected to grow at a faster rate during 2021 to 2026, in terms of volume. The demand for cyclopentane as a blowing agent is highly dependent on the economic growth of Asia Pacific. Increasing economic growth, followed by heavy investment in the consumer appliances industry, drive the demand for refrigerants in the region.
By region, North America is expected to grow at a faster rate during the forecast period, in terms of volume
North America is expected to grow at a faster rate during 2021 to 2026, in terms of volume. North America has been a leader in terms of product innovation and application development. This factor has significantly influenced the growth of blowing agents, including cyclopentane. The North American market, especially the US, has always been at the forefront in terms of launching new types of blowing agents.
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