Cyclopentane Market Size, Share, and Growth Analysis

Cyclopentane Market By Function (Blowing Agent & Refrigerant, Solvent & Reagent), By Application (Refrigerators, Containers & Sippers), By Form (Liquid, Solid), By Region -Industry Forecast 2025-2032


Report ID: SQMIG15E2585 | Region: Global | Published Date: January, 2025
Pages: 197 |Tables: 92 |Figures: 71

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Cyclopentane Market Insights

Global Cyclopentane Market size was valued at USD 412.75 Million in 2023 and is poised to grow from USD 442.88 Million in 2024 to USD 778.19 Million by 2032, growing at a CAGR of 7.3% in the forecast period (2025-2032).

The global cyclopentane market growth is expected to soar primarily because cooling equipment, insulated containers, and many building materials with insulation have been and will continue to be in huge demand. It has become a good blowing agent and is becoming more accepted as the alternative for hydrochlorofluorocarbons (HCFCs) as stringent government regulations are imposed to reduce harmful substances which lead to the destruction of the ozone later and eventual global warming. Such regulations pave the way to open doors to use, promote and position cyclopentane for a much greener future.

In the years ahead, these attributes will fetch good demand from multiple sectors and cyclopentane has its many advantages, including its very low environmental impact will spread, and open such applications to areas such as refrigeration, automotive, and even construction. Manufacturers' product portfolios will feature alternatives that are attractive because they are sustainable production, being non-toxic, no ozone depleting, and having a low global warming potential (GWP). Hence, the increasing application to such energy efficient products has also given way to a greater global drive for minimizing carbon emissions and conservation of the ozone layer.

Continuous research and development and constant technological advancements are among the key drivers of mixed demand for cyclopentane in the industry. Industries, in their search for newer, better ways to recover the environment, are opting for the cyclopentane- replacing many non-green refrigerants, insulators, and several other applications of cyclopentane. Together, this has made it possible to forecast a green and sustainable future, thus providing exceptionally new growth potential for the cyclopentane market in the years ahead.

Market snapshot - (2025-2032)

Global Market Size

USD 412.75 Million

Largest Segment

Blowing Agent & Refrigerant

Fastest Growth

Solvent & Reagent

Growth Rate

7.3% CAGR

Global Cyclopentane Market ($ Bn)
Country Share for Asia-Pacific (%)

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Cyclopentane Market Segments Analysis

The global cyclopentane market is segmented into function, application, form, and region. By function, the market is divided into blowing agent & refrigerant, solvent & reagent, and others. Depending on the application, it is classified into refrigerators, containers & sippers, personal care products, electrical & electronics, insulating construction material, fuel & fuel additives, and others. According to form, the market is bifurcated into liquid and solid. Regionally, it is studied across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.

Analysis by Function

As per the 2024 global cyclopentane market analysis, the blowing agent & refrigerants segment accounted for the highest revenue share and is expected to continue its leadership during the forecast period. This is primarily attributed to the fact that cyclopentane is finding increasing usage as a refrigerant in refrigerators and also as a blowing agent for insulation applications. It is widely used by industry due to its usage in energy-efficient appliances and also in environmentally friendly insulation systems. Rapid growth of healthcare, pharmaceutical, and food & beverage segments requires advanced cooling solutions, making the demand use of cyclopentane for freezers, cold storage, and refrigeration systems. Hence, this can be considered as a reflection of its strong role in facilitating the growth in this segment.

The solvents & reagents category is expected to grow with a strong CAGR of 7.1% during the forecast period. It is due to the fact that cyclopentane has some special properties such as solubility and miscibility with other materials, which makes it an excellent solvent and additive for synthetic resins, rubber adhesives, and other related products. The largest consumer of cyclopentane in solvent applications continues to be the plastics, polymers, and resins industry along with the fuel and fuel additives industry. The organic characteristics it promotes allow for the production of fuels, synthetic chemicals, and advanced materials to meet the varied requirements of different industrial applications. Its intermediate use allows high-performance product formulation requirements from the various demanding sectors.

Analysis By Application

Based on the 2024 global cyclopentane market forecast, the refrigerators segment held the largest market share and is expected to continue leading during the forecast period. This growth is primarily driven by the application of cyclopentane as a refrigerant and insulation material, which greatly increases the shelf life of temperature-sensitive products. Growing demand for frozen food and beverages and an increased need in the health care sector to store drugs, vaccines, and other medical products reliably are boosting the adoption of refrigerators. This has further increased its application in advanced refrigeration systems as it is environment-friendly and energy efficient. This trend has further led to the steady growth of the cyclopentane industry within the refrigeration segment.

The containers & sippers segment is expected to grow at the highest CAGR of 8.3% over the forecast period. Rapid growth in the segment is attributed to its use as a blowing agent to manufacture insulated products where it has thermal insulation properties above HCFC. Cyclopentane offers the environment-friendly choice of HCFCs, saving an enormous amount of carbon emissions in the process. It has an excellent characteristic to prevent energy leakage and maximize consumption, so it is a desirable one for insulated containers and sippers. Increased interest in sustainability along with customer demand for products that retain temperature make cyclopentane an essential component of the expansion of this segment.

Global Cyclopentane Market By Function

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Cyclopentane Market Regional Insights

Asia-Pacific generated the largest revenue share in 2024 because of growing applications of cyclopentane in electrical and appliance industries and related efforts of this region in substituting HCFC with environment-compliant alternatives supported by the Montreal Protocol-like international environmental treaties. This also drives the fact of vast raw materials source, the presence of major industry players, and good manufacturing capabilities. China is the largest producer of cyclopentane in the world and predicted to continue doing so into the future as the established industrial base has growing domestic demand for environmentally friendly products in refrigeration and insulation applications.

Europe is expected to be the second largest revenue contributor and is estimated to grow substantially at a CAGR of 6.0% over 2032. Growth in the region will be facilitated by increasing the adoption of superior insulating materials and increasing energy efficiency in building constructions. Raising standards on insulation thickness, changes in consumers and manufacturers preference, and Government regulation on enhancing energy efficiency would accelerate innovation in the materials and process of construction. Another factor driving the demand for cyclopentane is the demand for thermal insulation to reduce energy consumption and emissions of carbon. Therefore, the forces of the market and the regulations in place all combine to make Europe a leading player in the world of cyclopentane.

Global Cyclopentane Market By Geography
  • Largest
  • Fastest

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Cyclopentane Market Dynamics

Drivers

Increasing Demand for Refrigeration and Insulation

  • The global cyclopentane market is influenced by increased demand for refrigeration and insulation in numerous end-use sectors such as health care, food & beverage, and construction. This is because cyclopentane is an environment-friendly and energy-efficient substitute for dangerous refrigerants, which include HCFCs and HFCs. Cyclopentane can improve the level of thermal insulation with decreased energy consumption. These factors promote the demand of the product across the globe in such applications.

Environmental Regulations and Compliance with Montreal Protocol

  • Stringent environmental regulations and international agreements such as the Montreal Protocol have fueled adoption of cyclopentane. Being an ozone depletion potential-free substance with very low global warming potential, it is a clean alternative to conventional refrigerant and blowing agents. The trend among industries concerned with sustainability and compliance is pushing cyclopentane into the products and processes, thereby contributing to the expansion of the global market.

Restraints

High Flammability Risk

  • The high flammability of cyclopentane also raises safety concerns in its manufacture, storage, and transportation. These risks demand strict safety measures and compliance protocols, which enhance the cost of operations for the manufacturers. This limits its use in some regions with strict safety standards, thus making it less accessible to small players in the market and restricting its global uptake.

Limited Awareness and Initial Investment Costs

  • The lack of awareness about the benefits of cyclopentane in developing economies is a major growth hindrance for its market. In addition, adopting cyclopentane-based technologies requires a significant amount of initial investment, including retrofitting the existing systems. Many manufacturers, especially in cost-sensitive regions, are not ready to accept cyclopentane solutions, and this slows down the overall market expansion in those areas.

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Cyclopentane Market Competitive Landscape

The global cyclopentane industry is highly competitive wherein the key players merely strive for innovations in their product lines, sustainability, and their geographic footprint. The leading vendors in the market are Chevron Phillips Chemical, HCS Group, Maruzen Petrochemical, and South Hampton Resources. Drivers of competition also emerge from technological and environmental regulations and mergers and acquisitions of companies that improve the product line. Regional companies add to this competition through filling niches in local demand.

Top Players in Cyclopentane Market

  • Chevron Phillips Chemical Company LLC
  • HCS Group (Haltermann Carless)
  • Maruzen Petrochemical Co., Ltd.
  • South Hampton Resources, Inc.
  • INEOS Group
  • Yeochun NCC Co., Ltd.
  • SK Global Chemical Co., Ltd.
  • DYMATIC Chemicals, Inc.
  • Daisun Petrochemical
  • LG Chem Ltd.
  • Shell Chemicals
  • ExxonMobil Corporation
  • Sinopec Group
  • TotalEnergies
  • Lotte Chemical Corporation

Recent Developments

  • January 2024: A highly efficient method of desalinating saltwater using hydrate-based desalination (HBD) technology has been unveiled by a research team at UNIST's Graduate School of Carbon Neutrality led by Professor Yongwon Seo. With the ability to predict the optimal temperatures for higher efficiency, the breakthrough is expected to have major impacts on the utilization of hydrate-based desalination processes.
  • September 2022: Haltermann Carless, a brand of the HCS Group, commissioned a new hydrogenation unit in Germany. The company does this to underline its leadership in the cyclopentane market and strengthen its business activities on site at Speyer. It expects to increase its capacity by 70% in the first three months of 2023.
  • December 2022: Haier India, a prominent manufacturer of cooling appliances, emerged as the winner of the "the energy-efficient appliance of the year 2022", in refrigerator category by Bureau Of Energy Efficiency (BEE) at 32nd National Energy Conservation Awards.

Cyclopentane Key Market Trends

Cyclopentane Market SkyQuest Analysis

SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the global cyclopentane market is growing fast due to increased applications of the chemical in refrigeration, insulation, and solvents industries. There are greater demands nowadays because of tighter laws of the Montreal Protocol, growing environmental consciousness, and a quest for greener, more energy-efficient alternatives. Further technological advancement, combined with this drift toward more sustainable practices, is predicted to neutralize all negative impacts on this aspect; challenges such as flammability risk and costly initial investment do pose significant issues, however. Asia Pacific remains the market leader due to its strong industrial base and regulatory compliance. Europe and North America are gaining steady ground. The competitive landscape is marked by innovation and sustainability, and in this regard, cyclopentane happens to be the backbone in modern industrial applications.

Report Metric Details
Market size value in 2023 USD 412.75 Million
Market size value in 2032 USD 778.19 Million
Growth Rate 7.3%
Base year 2024
Forecast period (2025-2032)
Forecast Unit (Value) USD Million
Segments covered
  • Function
    • Blowing Agent & Refrigerant, Solvent & Reagent, and Others
  • Application
    • Refrigerators, Containers & Sippers, Personal Care Products, Electrical & Electronics, Insulating Construction Material, Fuel & Fuel Additives, and Others
  • Form
    • Liquid and Solid
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Chevron Phillips Chemical Company LLC
  • HCS Group (Haltermann Carless)
  • Maruzen Petrochemical Co., Ltd.
  • South Hampton Resources, Inc.
  • INEOS Group
  • Yeochun NCC Co., Ltd.
  • SK Global Chemical Co., Ltd.
  • DYMATIC Chemicals, Inc.
  • Daisun Petrochemical
  • LG Chem Ltd.
  • Shell Chemicals
  • ExxonMobil Corporation
  • Sinopec Group
  • TotalEnergies
  • Lotte Chemical Corporation
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Cyclopentane Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Cyclopentane Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Cyclopentane Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cyclopentane Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cyclopentane Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Cyclopentane Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Cyclopentane Market size was valued at USD 412.75 Million in 2023 and is poised to grow from USD 442.88 Million in 2024 to USD 778.19 Million by 2032, growing at a CAGR of 7.3% in the forecast period (2025-2032).

The global cyclopentane industry is highly competitive wherein the key players merely strive for innovations in their product lines, sustainability, and their geographic footprint. The leading vendors in the market are Chevron Phillips Chemical, HCS Group, Maruzen Petrochemical, and South Hampton Resources. Drivers of competition also emerge from technological and environmental regulations and mergers and acquisitions of companies that improve the product line. Regional companies add to this competition through filling niches in local demand. 'Chevron Phillips Chemical Company LLC', 'HCS Group (Haltermann Carless)', 'Maruzen Petrochemical Co., Ltd.', 'South Hampton Resources, Inc.', 'INEOS Group', 'Yeochun NCC Co., Ltd.', 'SK Global Chemical Co., Ltd.', 'DYMATIC Chemicals, Inc.', 'Daisun Petrochemical', 'LG Chem Ltd.', 'Shell Chemicals', 'ExxonMobil Corporation', 'Sinopec Group', 'TotalEnergies', 'Lotte Chemical Corporation'

The global cyclopentane market is influenced by increased demand for refrigeration and insulation in numerous end-use sectors such as health care, food & beverage, and construction. This is because cyclopentane is an environment-friendly and energy-efficient substitute for dangerous refrigerants, which include HCFCs and HFCs. Cyclopentane can improve the level of thermal insulation with decreased energy consumption. These factors promote the demand of the product across the globe in such applications.

Increased Adoption of Green and Energy-Efficient Technologies: Adoption of cyclopentane is highly rising in a greener, globally shifting approach towards sustainability. As such, green technologies that benefit from this hydrocarbon find new avenues of applicability, ranging from energy-efficient appliances to state-of-the-art insulation materials that reduce carbon emission and contribute toward enhanced energy efficiency. Increasing adoption of the compound is becoming highly imperative among the industries due to the evolving need of environmentally responsible products and customer demands.

Asia-Pacific generated the largest revenue share in 2024 because of growing applications of cyclopentane in electrical and appliance industries and related efforts of this region in substituting HCFC with environment-compliant alternatives supported by the Montreal Protocol-like international environmental treaties. This also drives the fact of vast raw materials source, the presence of major industry players, and good manufacturing capabilities. China is the largest producer of cyclopentane in the world and predicted to continue doing so into the future as the established industrial base has growing domestic demand for environmentally friendly products in refrigeration and insulation applications.

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Cyclopentane Market

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