Cyclopentane Market Expert Guide to Boost the Industry in Global Market Share
Verfasser: ashwani_kailiya on Friday, 11 October 2019The global cyclopentane demand reached over 200,000 tons in 2018 as per the new research study carried by Fact.MR and the market is valued ~ US$ 350 million. According to the report, the cyclopentane market is expected to grow at ~ 7% CAGR over the forecast period. This healthy growth can be attributed to the developments in the refrigerator insulation materials, replacement of HCFCs with cyclopentane as foaming agent for polyurethane foams, and adoption of cyclopentane by prominent refrigerator manufacturers as eco-friendly alternatives over greenhouse gas emitting materials in the insulation process. As per industry experts, the sales of residential refrigerators are experiencing a boost across the globe and the market is expected to grow over ~ 6% globally. Also, the government promotions for the use of cyclopentane as foam blowing agent are expected to provide impetus to the cyclopentane market. For instance, China is promoting the use of cyclopentane as foam blowing agent, which has significantly influenced refrigerator manufacturers to adopt cyclopentane over other alternatives. Some of the key refrigerator manufacturers have increased their manufacturing capabilities for cyclopentane-based refrigerators owing to the demand for eco-friendly refrigerators in the market from customers.
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