Cyclopentane Market Report by Function (Blowing Agent and Refrigerant, Solvent and Reagent), Application (Refrigeration, Insulation, Chemical Solvent), and Region 2023-2028

Cyclopentane Market Report by Function (Blowing Agent and Refrigerant, Solvent and Reagent), Application (Refrigeration, Insulation, Chemical Solvent), and Region 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A9771
Year End sale Buy Now

Market Overview:

The global cyclopentane market size reached US$ 274.04 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 418.71 Million by 2028, exhibiting a growth rate (CAGR) of 7.50% during 2023-2028. The increasing applications in the cosmetics and personal care industry, the rising product use as a solvent in various chemical processes, and the growing product integration in medical devices and equipment due to its biocompatibility are some of the factors propelling the market.

Report Attribute
 Key Statistics
Base Year
Forecast Years
Historical Years
Cyclopentane Market Size in 2022 US$ 274.04 Million
Cyclopentane Market Forecast in 2028 US$ 418.71 Million
Cyclopentane Market Growth Rate (2023-2028)

Cyclopentane is a cyclic hydrocarbon with five carbon atoms forming a ring, making it an important member of the alkane family. It is a colorless and volatile liquid at room temperature, with a molecular formula of C5H10. Due to its ring structure, it possesses considerable strain energy, making it more reactive than its linear counterparts. It is a valuable intermediate in organic synthesis as a building block for various compounds and pharmaceuticals. One of its primary applications is as a blowing agent in producing polyurethane foams, widely used in insulation and cushioning materials.

The global market is majorly driven by the increasing demand for polyurethane foams in various industries, such as construction, automotive, and furniture. In line with this, the growth in the construction industry is significantly contributing to the market. Furthermore, the rising product use in producing insulation materials for energy-efficient buildings is positively influencing the market. Apart from this, the expansion of the automotive sector is catalyzing the market. Moreover, the escalating consumer preference for eco-friendly and sustainable materials is propelling product demand. Besides, the rapid advancements in pharmaceutical research and development are offering numerous opportunities for the market. Additionally, the increasing adoption of refrigeration and cooling systems is providing a boost to the market.

Cyclopentane Market Trends/Drivers:

Stringent regulations promoting the use of low-global warming potential (GWP) materials

Stringent regulations promoting low-global warming potential (GWP) materials are creating a positive outlook for the market. As concerns about climate change and environmental sustainability intensify, governments and international bodies are implementing stricter regulations to curb greenhouse gas emissions and reduce the impact of high-GWP substances. With its low GWP and ozone depletion potential (ODP), the product is considered an eco-friendly alternative to conventional blowing agents in producing polyurethane foams. As a result, it aligns perfectly with the objectives of these regulations, catalyzing its adoption across various industries. Construction, automotive, and consumer goods manufacturing industries are actively seeking sustainable solutions to comply with these regulations. Using Cyclopentane in polyurethane foams helps them meet environmental requirements and enhances their products' energy efficiency and performance.

Expanding packaging industry

The expanding packaging industry is offering numerous opportunities for the market. The demand for efficient and reliable packaging solutions is soaring with the rapid growth of e-commerce, consumer goods, and industrial sectors. Cyclopentane-based foams have emerged as a popular choice for protective packaging materials due to their excellent cushioning properties and ability to safeguard delicate and valuable products during transit. As consumers increasingly prioritize sustainability and environmental consciousness, the packaging industry is seeking eco-friendly alternatives to traditional materials. The product fits this requirement, as it is a low-GWP blowing agent, aligning with the industry's efforts to reduce carbon footprints and embrace more sustainable practices. Moreover, cyclopentane-based foams offer advantages like lightweight, thermal insulation, and versatility, making them suitable for a wide range of packaging applications. As a result, manufacturers and brand owners are adopting these packaging materials, thus fueling the market. The ongoing expansion of the packaging industry, combined with the push towards eco-friendly solutions, is expected to catalyze the market further.

Increasing demand for consumer electronics and appliances

The increasing demand for consumer electronics and appliances is acting as another growth-inducing factor. As the global population becomes more technologically connected and living standards rise, the consumer electronics and appliance industry is experiencing substantial growth. These products often require efficient thermal insulation and lightweight materials to enhance performance and energy efficiency. Cyclopentane-based foams, with their excellent insulating properties and low-density characteristics, have become a preferred choice for manufacturers in this sector. They are utilized in the insulation of refrigerators, freezers, air conditioners, water heaters, and other appliances, contributing to improved energy efficiency and reduced greenhouse gas emissions. Additionally, as consumers become more environmentally conscious, they seek high-performing and eco-friendly products. The product's low GWP and zero ozone depletion potential make it an attractive option for manufacturers looking to meet sustainability goals and adhere to stringent environmental regulations. With the ongoing technological advancements and rising consumer demand for eco-friendly products, the market is expected to witness continued growth in response to the expanding consumer electronics and appliance industry.

Cyclopentane Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the cyclopentane market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on function and application.

Breakup by Function:

  • Blowing Agent and Refrigerant
  • Solvent and Reagent

Blowing agent and refrigerant dominates the market

The report has provided a detailed breakup and analysis of the market based on function. This includes blowing agent and refrigerant and solvent and reagent. According to the report, blowing agent and refrigerant represented the largest segment.

The market is experiencing remarkable growth, fueled primarily by its widespread applications in various industries. The segment's growth can be attributed to its versatile functions as a blowing agent and refrigerant and its effectiveness as a solvent and reagent. As a blowing agent and refrigerant, the product is an eco-friendly alternative to traditional hydrofluorocarbons (HFCs) and hydrochlorofluorocarbons (HCFCs), adversely affecting the environment. Industries, especially in the foam manufacturing and refrigeration sectors, are rapidly adopting the product to comply with stringent environmental regulations, thus bolstering market demand.

Furthermore, the product's exceptional solvent properties make it highly desirable in various chemical processes. Its ability to dissolve multiple substances effectively enhances its usage in pharmaceuticals, paints, and coatings industries, further expanding the market. Additionally, it is a crucial reagent in organic synthesis, offering a broad range of applications in producing specialty chemicals and pharmaceutical intermediates.

Breakup by Application:

  • Refrigeration
  • Insulation
  • Chemical Solvent

Refrigeration dominates the market

The report has provided a detailed breakup and analysis of the market based on application. This includes refrigeration, insulation, and chemical solvent. According to the report, refrigeration represented the largest segment.

Cyclopentane is used as a blowing agent in the refrigeration industry for the production of polyurethane foam insulation. Polyurethane foam is a versatile material that is widely used for insulation purposes in refrigeration and cooling equipment, such as refrigerators, freezers, and air-conditioning systems. Cyclopentane helps create the foam structure in polyurethane insulation by generating gas bubbles within the material during its manufacturing process. The gas bubbles expand, causing the foam to take shape and develop its lightweight and insulating properties. This foam insulation plays a crucial role in improving the energy efficiency and thermal performance of refrigeration units. Energy-efficient refrigeration and cooling systems are in high demand as a response to environmental concerns and efforts to reduce greenhouse gas emissions. Using cyclopentane in the production of polyurethane foam insulation aligns with these environmental goals and regulations, making it a preferred option for manufacturers and consumers seeking sustainable and eco-friendly refrigeration solutions.

Breakup by Region:

  • North America 
    • United States
    • Canada
  • Europe 
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Asia Pacific 
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America 
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Asia Pacific exhibits a clear dominance, accounting for the largest market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

In Asia Pacific, the growing focus on sustainability and environmental regulations has driven the adoption of the product as a preferred blowing agent and refrigerant in various industries. As governments and businesses seek eco-friendly alternatives, it has emerged as a viable option, especially in foam manufacturing and refrigeration. Additionally, the region's rising construction and automotive industries are fueling the demand for cyclopentane-based insulation materials.

On the other hand, Europe is witnessing a rise in the market due to stringent environmental regulations and a shift towards green technologies. The region's strong emphasis on reducing greenhouse gas emissions has increased product utilization in refrigeration and insulation applications. Moreover, the growing demand for sustainable solvents in the chemical industry also contributes to Europe's market growth.

Competitive Landscape:

Top cyclopentane companies are propelling market growth through innovative strategies and a commitment to sustainability. Investing in research and development, they continuously improve cyclopentane production techniques, resulting in higher purity and lower environmental impact. These companies actively collaborate with end-users and industry experts to understand evolving market demands, tailoring their offerings accordingly. Additionally, these firms are dedicated to promoting cyclopentane's eco-friendly properties, emphasizing its role as a potent alternative to traditional blowing agents in foam manufacturing. By advocating its benefits, they boost consumer awareness and drive adoption across various industries, such as construction, automotive, and appliances. Furthermore, these companies uphold strict quality standards, ensuring consistent supply and customer satisfaction. Their efforts in product development, sustainability, and customer-centric approach contribute significantly to the expansion of the cyclopentane market worldwide.

The report has provided a comprehensive analysis of the competitive landscape in the cyclopentane market. Detailed profiles of all major companies have also been provided.

  • Haldia Petrochemicals Ltd. (The Chatterjee Group)
  • HCS Group GmbH
  • INEOS Group Limited
  • Liaoning Yufeng Chemical Co. Ltd.
  • Maruzen Petrochemical Co. Ltd.
  • MEILONG Cyclopentane Chemical Co. Ltd.
  • Merck KGaA
  • PureChem Co. Ltd.
  • Trecora Resources
  • Yeochun NCC Co. Ltd.
  • Zeon Corporation

Cyclopentane Market Report Scope:

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
 Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Million
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • Function
  • Application
  • Region
Functions Covered Blowing Agent and Refrigerant, Solvent and Reagent
Applications Covered Refrigeration, Insulation, Chemical Solvent
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Haldia Petrochemicals Ltd. (The Chatterjee Group), HCS Group GmbH, INEOS Group Limited, Liaoning Yufeng Chemical Co. Ltd., Maruzen Petrochemical Co. Ltd., MEILONG Cyclopentane Chemical Co. Ltd., Merck KGaA, PureChem Co. Ltd., Trecora Resources, Yeochun NCC Co. Ltd., Zeon Corporation, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global cyclopentane market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global cyclopentane market?
  • What is the impact of each driver, restraint, and opportunity on the global cyclopentane market?
  • What are the key regional markets?
  • Which countries represent the most attractive cyclopentane market?
  • What is the breakup of the market based on the function?
  • Which is the most attractive function in the global cyclopentane market?
  • What is the breakup of the market based on the application?
  • Which is the most attractive application in the global cyclopentane market?
  • What is the competitive structure of the global cyclopentane market?
  • Who are the key players/companies in the global cyclopentane market?

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the cyclopentane market from 2017-2028.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the cyclopentane market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the global cyclopentane industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Cyclopentane Market Report by Function (Blowing Agent and Refrigerant, Solvent and Reagent), Application (Refrigeration, Insulation, Chemical Solvent), and Region 2023-2028
Purchase options Year End sale

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More