Global Cyclopentane Market Size By Function, By Application, By Geographic Scope And Forecast
Cyclopentane Market Size And Forecast
Cyclopentane Market was valued at USD 258.37 Million in 2019 and is projected to reach USD 459.6 Million by 2027, growing at a CAGR of 7.6% from 2020 to 2027.
Global Cyclopentane Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Residential refrigerants and construction industry is the largest consumer of Cyclopentane. The major influence of government regulations has been seen on use of CFCs, HFCs, and HCFCs thus, industries are looking forward to alternative available, so growing demand of Cyclopentane propelling the market growth. Furthermore, it is also used as protection material to protect compartments and sippers also rise in demand as foam blowing agents anticipated to driving the market growth. Moreover, most of the manufacturers are shifting their needs from HCFC-141b to Cyclopentane to reduce cost, low ODP and GWP.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The Global Cyclopentane Market is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Cyclopentane Market Competitive Landscape
The Global Cyclopentane Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as YEOCHUN NCC Co. Ltd., Chevron Phillips Chemical, Maruzen Petrochemical, HCS Group GmbH, Jilin Beihua Fine Chemical Co. Ltd., South Hampton Resources Inc, SK Global Chemical Co. Ltd. and Dymatic Chemicals etc.
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