Global Cyclopentane Market Size, Share, Growth Analysis Report - Forecast 2034

Global Cyclopentane Market: Industry Perspective

The global cyclopentane market size was worth around USD 465.48 Million in 2024 and is predicted to grow to around USD 981 Million by 2034 with a compound annual growth rate (CAGR) of roughly 7.74% between 2025 and 2034. The report analyzes the global cyclopentane market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cyclopentane industry.

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The report analyzes the global cyclopentane market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cyclopentane industry.

Global Cyclopentane Market: Overview

Cyclopentane, represented by molecular formula C5H10, is a cyclic hydrocarbon. It belongs to the compound class known as cycloalkanes. The characteristic that best describes this form of the compound is ring formation by saturated hydrocarbons. In cyclopentane, the ring is made up of five carbon atoms that are bonded together in a pentagonal shape. Each carbon, in turn, is also bonded with two hydrogen atoms.

The compound is a colorless and clear liquid when kept at room temperature. It shows a relatively lower boiling point which stands at 49 °C and is highly volatile. Although it can mix in several organic solvents, it is insoluble in water. Its primary function is that of a blowing agent used during the production of polyurethane foams, including flexible and rigid versions. The compound is most popular for its low global warming potential (GWP) compared to other commonly used blowing agents.

Global Cyclopentane Market: Growth Drivers

Increasing demand for polyurethane foams to drive market growth

The global cyclopentane market is projected to witness a high growth rate owing to the growing demand for polyurethane foams. They are a type of versatile polymer with the aid of a reaction between polyols & diisocyanates and in the presence of a blowing agent. Polyurethane foams have a wide range of applications across end-user verticals and the demand is mainly driven due to the desirable properties and versatility of the product. Some of the most common applications of polyurethane foams include its use as an insulator in buildings, refrigeration systems, and appliances.

Furthermore, these foams are also used in the production of high-grade furniture and bedding products such as cushions, mattresses, and pillows. They provide the users with comfort, support, and durability. Other mainstream applications include use in footwear production, the automotive industry, and appliances. Polyurethane foams cannot be produced without the help of a blowing agent and cyclopentane is one of the preferred choices.

Restraints:

High flammability and safety concerns to restrict market expansion

One of the key restraints that exists in the global cyclopentane market is the high flammability of cyclopentane. Since it is flammable, the storage of the compound and its handling requires strict and stringent safety measures. Any negligence can result in an explosion or fire hazard. With the growing concerns over the safety surrounding the use of cyclopentane can result in increased costs due to high expenses associated with transportation, storage, and use of cyclopentane.

Opportunities:

Growing demand for energy-efficient solutions to provide growth opportunities

The global cyclopentane industry is expected to benefit from the rising demand for energy-efficient solutions across industries. The world and its leaders are focusing on the development of processes and products that promote sustainable growth. Products such as polyurethane foams that are made with the use of cyclopentane offer excellent thermal insulation properties and hence can assist in reduced consumption of energy in buildings, appliances, and other products. The industry players can grab the opportunities thus arising.

Challenges:

Regulatory compliance to challenge market growth

Cyclopentane is subject to strict regulations and standards related to environmental impact, safety, and handling. Some of these aspects can be witnessed in the growing restrictions on ozone-depleting substances and limits on global warming potential (GWP). This can pose a major challenge for the cyclopentane industry players to overcome as they will have to keep up with the ever-evolving regulations and ensure proper documentation and reporting to ensure being defaulted by the governing bodies.

Key Insights

• As per the analysis shared by our research analyst, the global cyclopentane market is estimated to grow annually at a CAGR of around 7.74% over the forecast period (2025-2034).
• Regarding revenue, the global cyclopentane market size was valued at around USD 465.48 Million in 2024 and is projected to reach USD 981 Million by 2034.
• The cyclopentane market is projected to grow at a significant rate due to increasing demand for eco-friendly blowing agents in insulation and refrigeration, rising adoption in construction and automotive industries for energy efficiency, and growing stringent environmental regulations phasing out harmful alternatives.
• Based on Function, the Blowing agent & refrigerant segment is expected to lead the global market.
• On the basis of Application, the Refrigerators segment is growing at a high rate and will continue to dominate the global market.
• Based on region, Asia-Pacific is predicted to dominate the global market during the forecast period.

Global Cyclopentane Market: Report Scope

Global Cyclopentane Market: Segmentation

The global cyclopentane market is segmented based on application, function, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2025 to 2034.

Based on application, the global market segments are insulation & construction materials, refrigerators, personal care products, fuel & fuel additives, electrical & electronics, and others. The industry was dominated by the insulation & construction material segment in 2022 due to the higher use of the compound in the production of rigid polyurethane foam insulation panels.

They are subsequently used for thermal insulation purposes across industries including buildings, refrigeration systems, appliances, and cold storage facilities. However, the compound also has several other applications. For instance, it is used as a blowing agent in the production of refrigerator and freezer insulation, providing thermal insulation and energy efficiency. It is also used in personal care products such as hairsprays and foaming cleansers. Its main role is that of a propellant. Cyclopentane’s melting point is −94 °C

Based on function, the global market segments are solvent & reagent, blowing agent & refrigerant, and others. The cyclopentane industry growth was led by the blowing agent & refrigerant segment in 2024. It assists in the production of polyurethane foams due to its low boiling point which allows it to vaporize and create the cellular structure of the foam during the foaming process. Since it has a low environmental impact, it is also used extensively as a refrigerant. Its application as a solvent & reagent is noteworthy since it serves as a medium for various synthesis reactions. Some examples of its application as a solvent are in terms of synthesis of various organic compounds and in the production of pharmaceutical products. Cyclopentane may be used as a cleaning solvent in electronics manufacturing processes. The compound has received a flammability rating of 3 by the National Fire Protection Association.

The Regional, this segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America,and the Middle East and Africa.

Recent Developments:

• In January 2024, Daikin, a leading provider of high-quality, advanced air conditioning solutions for residential, commercial, and industrial purposes, announced its plan to invest over USD 75 million in a new plant in Japan. The site will be used for the production of Daikin’s low GWP refrigerant R474A which is meant for electric vehicle air conditioning systems. The plant is expected to be completely functional by 2034
• In November 2024, Daikin Middle East and Africa FZE showcased the next generation of the Monoblock refrigeration solution. The unveiling occurred at the Gulfood Manufacturing 2024, which is one of the leading events for UAE’s food manufacturing industry. The product is developed using R-290 and inverter technology and has minimal impact on the environment
• In May 2024, Blue Star announced the launch of a new range of deep freezers after doubling its production capacity at its state-of-the-art facility in the Wada region of India

Global Cyclopentane Market: Regional Analysis

The cyclopentane market shows varied growth across regions, driven largely by the expanding demand for eco-friendly blowing agents in insulation and refrigeration applications. Asia-Pacific leads the market, fueled by rapid industrialization, urban development, and stringent environmental regulations favoring low-GWP alternatives in countries like China, India, and South Korea. Europe follows closely due to strong sustainability initiatives and regulatory frameworks pushing the adoption of green insulation materials, while North America benefits from technological advancements and rising construction activities. Meanwhile, regions like Latin America and the Middle East are witnessing gradual growth, supported by increasing infrastructure projects and growing awareness of environmental benefits associated with cyclopentane.

Global Cyclopentane Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the cyclopentane market on a global and regional basis.

The global cyclopentane market is dominated by players like:

• HCS Group GmbH
• Dymatic Chemicals Inc.
• Chevron Phillips Chemical Company
• SK geo centric Co. Ltd
• LG Chem
• Maruzen Petrochemical
• Liaoning Yufeng Chemical Co Ltd
• Haldia Petrochemicals Limited
• YEOCHUN NCC CO. LTD
• SOUTH HAMPTON RESOURCES
• ZEON CORPORATION
• Puyang Zhongwei Fine Chemical Co. Ltd.

Global Cyclopentane Market: Segmentation Analysis

The global cyclopentane market is segmented as follows;

By Application

• Insulation & Construction Material
• Refrigerators
• Personal Care Products
• Fuel & Fuel Additives
• Electrical & Electronics
• Others

By Function

• Solvent & Reagent
• Blowing Agent & Refrigerant
• Others

Global Cyclopentane Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa