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Cyclopentane Market to Surpass $430 Million by 2026

The global cyclopentane market is witnessing steady growth due to increasing demand from various industries such as refrigeration, insulation, and foam manufacturing. Rising environmental concerns and regulations favoring eco-friendly alternatives are driving the market further. North America and Asia Pacific are key regions contributing to market expansion.

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Cyclopentane Market to Surpass $430 Million by 2026

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  1. Cyclopentane Market worth $430 million by 2026- Exclusive Report by MarketsandMarkets™ Cyclopentane is a cyclic hydrocarbon compound with the chemical formula C5H10. It is a colorless liquid at room temperature with a distinctive odor. Cyclopentane is primarily used as a blowing agent in the production of polyurethane foams, where it helps create the cellular structure. It is also employed as a solvent in various industrial processes and as a refrigerant in low-temperature applications. Additionally, cyclopentane is a key intermediate in the synthesis of pharmaceuticals, agrochemicals, and other organic compounds. It is highly flammable and requires careful handling and storage. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=147683634 The report "Cyclopentane Market With Covid-19 Impact Analysis by Function (Blowing Agent & Refrigerant, Solvent & Reagent), Application, and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2026", 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. 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. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=147683634

  2. By region, North America is expected to grow at a faster rate during the forecast period, in terms of volume North Americais 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. Some of the key market players include HCS Group (Germany), Jilin Beihua Fine Chemical Co., Ltd. (China), Dymatic Chemicals, Inc. (China), INEOS (UK), Liaoning Yufeng Chemical Co., Ltd. (China), Maruzen Petrochemical (Japan), SK Global Chemical Co., Ltd. (South Korea), Haldia Petrochemicals Limited (India), LG Chem (South Korea), Puyang Zhongwei Fine Chemical Co, Ltd. (China), Zeon Corporation (Japan). These players have adopted investment, consortium, and partnership as their growth strategies. Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=147683634 About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

  3. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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