Press release

Global Cyclopentane Market 2019-2023| Technological Advances in Refrigeration Systems to Boost Growth| Technavio

Sponsored by Businesswire

The global cyclopentane market is expected to post a CAGR close to 6%
during the period 2019-2023, according to the latest market research
report by Technavio.

This press release features multimedia. View the full release here:

Technavio has published a new market research report on the global cyclopentane market from 2019-202 ...

Technavio has published a new market research report on the global cyclopentane market from 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the growing demand for
foam blowing agents from the automotive and construction industries. The
global automotive industry has been registering an increase in the
demand for foam blowing agents such as cyclopentane. Cyclopentane is
used extensively used for the manufacture of interior components of cars
such as seats, headrests, armrests, roof liners, dashboards, and the
instrument panel. Also, these foams are widely used in the production of
different automotive parts such as side skirts, wiper cowls, roll pans,
and bumpers. In the construction industry, PU foams are used in floor
carpets, foam-cored entry doors, and garage doors. This has led to an
increase in demand from the housing and hospitality segments. Therefore,
high demand from the automotive and construction industries will drive
the demand for cyclopentane over the forecast period.

As per Technavio, the technological advances in refrigeration systems
will have a positive impact on the market and contribute to its growth
significantly over the forecast period. This global
cyclopentane market 2019-2023
research report also
analyzes other important trends and market drivers that will affect
market growth over 2019-2023.

Global cyclopentane market: Technological
advances in refrigeration systems

The impending energy and environmental regulations on refrigerators have
led the appliance industry to focus on improvements in the mechanical
components and PU foam. The appliance PU industry has been investigating
blowing agents with improved thermal gas conductivity The recent need
for improved insulation values to meet the changes in energy codes along
with the introduction of the fourth generation blowing agents such as
cyclopentane, will boost market growth. Therefore, increasing
technological changes in refrigeration systems will have a high positive
impact on the global cyclopentane market during the forecast period.

“The rise in demand for eco-friendly refrigerators from consumer
electronics industry and the use of green foams in the packaging
industry are two other major factors that are expected to drive the
global cyclopentane market during the forecast period,” says a senior
analyst at Technavio.

Global cyclopentane market: Segmentation

This market research report segments the global cyclopentane market by
application (refrigerators, insulated construction materials, electrical
and electronics, and others) and geographical regions (APAC, Europe,
North America, MEA, and South America).

The APAC region led the market in 2018, followed by Europe, North
America, MEA, and South America respectively. However, during the
forecast period, North America is expected to register the highest
incremental growth due to the increase in demand for manufacturing foams
in the healthcare and consumer goods industries.

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team