Cyclopentane Market

The cyclopentane market size was USD 366 million in 2023 and is projected to reach USD 476 million by 2028 at a CAGR of 5.4% between 2023 and 2028. Cyclopentane is a crucial blowing agent used in the production of polyurethane foam insulation, which finds extensive applications in the construction, refrigeration, and automotive industries. The growing emphasis on energy efficiency and sustainability in building construction and refrigeration systems is driving the demand for high-performance insulation materials, thereby boosting the demand for cyclopentane.

Cyclopentane Companies

Some of the key market players in the cyclopentane market include HCS Group (Germany), Jilin Beihua Fine Chemical Co., Ltd. (China), Dymatic Chemicals, Inc. (China), INEOS (UK), Liaoning Yufeng Chemical Co., Ltd. (China), Maruzen Petrochemical (Japan), SK Global Chemical Co., Ltd. (South Korea), Haldia Petrochemicals Limited (India), Junyuan Petroleum Group (China), Zeon Corporation (Japan), and many more. These players have adopted investment, consortium, and partnership as their growth strategies to meet the growing demand for cyclopentane.

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HCS Group

Haltermann Carless, a subsidiary of the HCS Group and a prominent provider of premium hydrocarbon solutions, is poised to claim the title of the world’s largest producer of Cyclopentane and its blends with the imminent completion of its state-of-the-art hydrogenation facility at the Speyer site in Germany. The company has set to bolster its Cyclopentane production capacity by up to 70% starting from Q1 2022. As for the parent company, HCS Group GmbH is one of the frontrunners in producing hydrocarbon-based solvents and related products, including cyclopentane. Operating across diverse sectors, including Mobility, Life Science, Energy, and Industrial, HCS Group GmbH encompasses a comprehensive portfolio of offerings. Cyclopentane is among the essential products falling under the Industrial division. The company also delivers other products within this segment, such as printing ink distillates (PID), pilot base fluids, n-pentane, and iso-pentane. The company maintains a robust global presence under the umbrella of three distinctive brand names—Haltermann Carless, ETS Racing Fuels, and Electrical Oil Services (EOS). With manufacturing facilities spanning seven sites across Europe and North America, HCS Group GmbH ensures efficient production and distribution. Bolstering its global footprint, the company operates through 12 subsidiaries strategically located in Germany, the UK, France, the US, and Japan, facilitating a widespread distribution network spanning over 90 countries worldwide.

INEOS

INEOS is one of the renowned global chemical enterprises operating across multiple sectors, including chemicals, polymers, oil, and gas. The company plays a pivotal role in various industries with a network spanning 29 countries and encompassing 36 businesses across 194 sites worldwide. Its chemical products serve as crucial raw materials utilized in multiple applications ranging from paints, plastics, and textiles to medicines, electronics, and transportation. Additionally, INEOS extends its reach into consumer brands and sports interests, exemplified by ventures like INEOS Grenadier, INEOS Hygienics, and Belstaff. Notably, INEOS holds a significant position in the cyclopentane market, supplying this compound as a blowing agent crucial in producing polyurethane insulating foam for refrigeration and freezer units.

Zeon Corporation

Zeon Corporation is a prominent producer within the cyclopentane market based in Japan, specializing in these compound and related products such as cyclopentanone and cyclopentyl methyl ether. Operating across distinct business segments, including elastomer business, specialty chemicals business, and others, Zeon offers a diverse array of products. Notably, its specialty chemicals business segment provides cyclopentane products to meet various industry needs. The cyclopentane manufactured by Zeon serves multiple purposes, functioning as a solvent for reactions, extractions, and aerosols, as well as a cleaning solvent and blowing agent within various industrial applications.

Junyuan Petroleum Group

Junyuan Petroleum Group has developed into a formidable player in the cyclopentane market, boasting a comprehensive portfolio through its subsidiary, Dongying Junyuan Petroleum Technology Development Co., Ltd. Over time, the group has expanded its offerings to include a wide range of products essential to the cyclopentane market, such as propane, butane, pentane, hexane, and solvent oils. With an impressive production capacity of 800 ktpa of overall chemicals and an annual output value reaching 5 billion RMB (approximately USD 69.50 billion), Junyuan Group has firmly established itself as a critical contributor to the cyclopentane industry. The company upholds rigorous standards, holding certifications for ISO9001, ISO14001, and OHS18001 management systems while securing sales access certificates from major Chinese oil companies. Its cyclopentane products find extensive utilization across various sectors, including petrochemicals, pharmaceuticals, home appliances, and construction materials, catering to domestic and international markets.

Haldia Petrochemicals Limited

Haldia Petrochemicals Limited operates as a naphtha-based petroleum company, enjoying strong support from notable stakeholders, including the Government of West Bengal, The Chatterjee Group, and the TATAs in collaboration with the Indian Oil Corporation, among others. With a total production capacity of 7,00,000 TPA of ethylene, the company stands as a significant global producer of cyclopentane, holding a licensing agreement with IFP in France. Cyclopentane, a vital component in polyurethane foam utilized for thermal insulation in various applications such as refrigerators, freezers, water heaters, insulated pipes, roofs, and construction panels, is one of the primary products manufactured by the company.

Related Reports:

Cyclopentane Market by Function (Blowing Agent & Refrigerant, Solvent & Reagent), Application (Residential Refrigerators, Commercial Refrigerators, Insulated Containers, Insulating Construction Materials, Electrical), and Region - Global Forecast to 2028

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