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| The phase-out of hydrochlorofluorocarbons (HCFCs), mandated by international environmental agreements such as the Montreal Protocol, is expected to drive the demand for cyclopentane in several ways. HCFCs have been commonly used as blowing agents in the production of polyurethane foam insulation, particularly in applications such as refrigeration and construction. However, due to their ozone-depleting properties and contribution to global warming, their usage is progressively restricted and phased out. As HCFCs are phased out, manufacturers are seeking alternative blowing agents that are more environmentally friendly and compliant with regulations. Cyclopentane is a prominent candidate due to its low global warming potential (GWP) and ozone depletion potential (ODP), making it an attractive substitute for HCFCs in polyurethane foam insulation applications. Browse in-depth TOC on "Cyclopentane Market" 279 - Tables Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=147683634 The increased demand for cyclopentane is driven by the need for compliant blowing agents in producing insulation materials, especially in regions where regulatory mandates for phasing out HCFCs are stringent. This demand is further amplified by growing awareness of environmental sustainability and adopting energy-efficient building practices emphasizing eco-friendly insulation materials. Moreover, the phase-out of HCFCs creates opportunities for cyclopentane manufacturers to expand their production capacity and meet the rising demand from industries transitioning from HCFC-based products. This expansion may include investments in new production facilities, technology upgrades, and research and development initiatives to enhance the efficiency and performance of cyclopentane-based insulation materials. By function, the blowing agent & refrigerant segment is expected to grow faster during the forecast period in terms of volume. Between 2023 and 2028, there is anticipated to be a swifter growth trajectory in the volume of the blowing agent and refrigerant sector. Cyclopentane's utilization as a blowing agent is significantly tethered to the economic expansion of the Asia Pacific region. This growth can be attributed to various factors such as advancements in technology, regulatory changes favoring environmentally friendly options, and increasing demand for products that require these agents and refrigerants within the region. Furthermore, economic growth in the Asia Pacific region, particularly marked by heavy investments in the consumer appliances industry, directly influences the demand for refrigerants. As the economy expands and consumers have greater purchasing power, there is a heightened demand for consumer appliances such as refrigerators and air conditioners. These appliances rely on refrigerants like cyclopentane to function effectively. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=147683634 By region, North America is expected to grow at a faster rate in terms of volume during the forecast period. Between 2023 and 2028, North America is anticipated to experience a swifter volume growth trajectory. North America has consistently led the way in product innovation and the development of applications. This aspect has had a notable impact on the expansion of blowing agents, including cyclopentane. Particularly in the US, the North American market has consistently been a pioneer in introducing novel blowing agents. Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=147683634 Key Market Players Some of the key market players 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), and Zeon Corporation (Japan). These players have adopted investment, consortium, and partnership growth strategies. Browse Adjacent Market: Specialty Chemicals Market Research Reports Related Reports: Blowing Agent Market - Global Forecast to 2029 Refrigerants Market - Global Forecast to 2028 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
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