Cyclopentane Price Trend

Cyclopentane Prices June 2023

The price of cyclopentane in China for Q2 2023 reached 1415 USD/MT in June 2023. A rise in prices of cyclopentane was witnessed in the market during the quarter. The rise was initially influenced by some supply problems in the region. However, later the price plunged in the wake of weak demand from downstream refrigerant and other allied industries. As indicated by the National Bureau of Statistics China, the purchasing manager index declined in May 2023 after a marginal decline from the previous month along with the decrease in the industrial growth rate from April to May 2023.

Cyclopentane Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Cyclopentane Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of cyclopentane pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of cyclopentane at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of cyclopentane price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing cyclopentane price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Cyclopentane Market Analysis

The global cyclopentane market size reached US$ 294.6 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 530.3 Million, at a projected CAGR of 6.80% during 2023-2032.

The global movement supporting the utilization of eco-friendly materials is prompting manufacturers to adopt cyclopentane over other more polluting substitutes in different production processes, which is driving the market growth. For instance, the trend of minimizing and reusing products has been on the rise since 2023. 42% of the customers who buy secondhand products are from 18 to 37 years old. The expanding polyurethane (PU) market is propelling the cyclopentane market. Cyclopentane is applied as a blowing agent in PU, which is also stimulated by the increasing demand for foam products in the packaging and bedding industry. Advancements in technology are making cyclopentane production more efficient and safer, which, in turn, is cutting costs and encouraging its further usage. The investments made by major economies to reduce their environmental footprint in the chemical sector benefit cyclic pentane production, thereby boosting the market growth. For instance, by 2023, 66 % of the largest chemical end-users in Europe like players from automotive, food, and personal care industries have committed to reducing GHG emissions by 2030 and 37 % have pledged net zero targets by 2050. Global initiatives aimed at combating climate change are playing a significant role in the promotion of eco-friendly materials with lower environmental impacts, such as cyclopentane. Cyclopentane is being favored, especially in refrigeration and appliance production, due to its low global warming potential and zero ozone depletion potential. Moreover, the rising infrastructure development activities in emerging economies are creating a higher need for functional insulating materials, which is catalyzing the demand for cyclopentane. Besides this, the use of cyclopentane in the automotive industry where it is used in the production of lightweight and energy-efficient parts, is contributing to the cyclopentane market outlook. Furthermore, continuous research and developmental (R&D) activities for expanding the applications of cyclopentane are acting as another crucial growth-inducing factor.

Cyclopentane News

The report covers the latest developments, updates, and trends impacting the global cyclopentane market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in cyclopentane production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the cyclopentane price trend.

Latest developments in the cyclopentane Market:

• In March 2024, Adplus Chemicals & Polymers Private Limited, a subsidiary of Haldia Petrochemicals Ltd., proudly inaugurated its state-of-the-art LMW PE- PE Wax manufacturing plant in Haldia. The plant's primary focus will be on the production of low molecular weight polyethylene—PE WAX, marking a significant milestone in the domain of specialty chemicals and advanced polymers.
• In February 2023, Haltermann Carless, a company of HCS Group and a pioneer of sustainable hydrocarbon solutions, announced the introduction of a new low carbon mass balance pentane product range. The ISCC PLUS certified portfolio – including cyclopentane, n- and iso-Pentane as well as blends, will be used in specialty applications and industries where carbon footprint reduction is an important consideration for customers, such as in insulating materials for refrigerators or construction.

Product Description

Cyclopentane, a colorless liquid hydrocarbon, is an extremely flammable substance, which is present in cyclic alkane form having the molecular formula C5H10. It has a low boiling point and a camphor-like odor, which makes it unique among its hydrocarbon peers. Being a volatile organic compound, cyclopentane possesses a special ring structure, which accounts for the compound’s stability and chemical reactivity. It is used in the manufacture of synthetic rubber, as a solvent for chemical synthesis, and is extensively used as an eco-friendly blowing agent for PU foam over CFCs and HCFCs in the refrigeration industry. Its utilization results in a lower environmental influence of insulation materials by reducing energy usage and the resulting greenhouse gas emissions.

Regional Coverage 

The report provides a detailed analysis of the cyclopentane market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the cyclopentane price trend.

Global Cyclopentane Price

The report offers a holistic view of the global cyclopentane pricing trends in the form of cyclopentane price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of cyclopentane but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed cyclopentane demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Cyclopentane Price

In Europe, cyclopentane market sentiments were negative, influenced by sluggish demand from refrigerant, construction, and automotive sectors. The availability of ample material and depreciating demand led to narrower demand-supply gaps. Despite a slight decrease in inflation, economic indicators such as the Producers’ Price Index showed declines, suggesting reduced economic activity which could further impact cyclopentane demand. This overall scenario highlighted a challenging market environment for cyclopentane throughout Q2 2023.

This analysis can be extended to include detailed cyclopentane price information for a comprehensive list of countries.

North America Cyclopentane Price

Cyclopentane prices in North America declined during the Q2 2023 due to lower benzene costs and moderate demand from the refrigeration and insulation construction sectors. The situation was further influenced by the collapse of major banks and an economic downturn leading to increased interest rates. These factors made consumers hesitant about bulk purchases. Additionally, a decision by OPEC-led Saudi Arabia to cut oil production also impacted cyclopentane prices globally. Despite some recovery in construction demand, the overall market sentiment for cyclopentane remained bearish.

Specific cyclopentane historical data within the United States and Canada can also be provided.

Middle East and Africa Cyclopentane Price

The report explores the cyclopentane pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on cyclopentane prices for countries can also be provided.

Asia Pacific Cyclopentane Price 

In the Asia-Pacific region, cyclopentane prices initially surged in Q2 2023 due to supply issues but later dropped due to weak demand from the refrigeration and related industries. The downturn in the construction sector also contributed to the price decline. High-interest rates aimed at curbing inflation dampened consumer purchasing enthusiasm. Furthermore, a reduction in oil output by OPEC-led Saudi Arabia affected global cyclopentane prices. Declining economic indicators such as the Purchasing Manager Index suggested a slowdown in economic activity, impacting cyclopentane demand.

This cyclopentane price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Cyclopentane Price

The analysis of cyclopentane prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of cyclopentane pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting cyclopentane price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The cyclopentane price charts ensure our clients remain at the forefront of the industry.