Cyclopentane Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 497.95 Million
CAGR (2026-2031)	6.91%
Fastest Growing Segment	Insulating Construction Materials
Largest Market	Asia Pacific
Market Size (2031)	USD 743.53 Million

Market Overview

The Global Cyclopentane Market will grow from USD 497.95 Million in 2025 to USD 743.53 Million by 2031 at a 6.91% CAGR. Cyclopentane is a cycloalkane hydrocarbon primarily utilized as a widely adopted blowing agent in the manufacture of rigid polyurethane foams for residential refrigeration and commercial construction insulation. The market’s growth is fundamentally driven by the global regulatory enforcement of the Montreal Protocol, which mandates the phase-out of high-global-warming-potential hydrofluorocarbons (HFCs), alongside an escalating demand for energy-efficient temperature-controlled logistics. According to the Global Cold Chain Alliance, in 2024, the top 25 global cold storage operators increased their combined capacity by 606 million cubic feet, underscoring the critical need for effective insulation materials in expanding infrastructure.

Despite these strong demand indicators, a significant challenge impeding broader market expansion is the compound's high flammability, which requires manufacturers to invest heavily in explosion-proof processing machinery and stringent safety protocols. This capital-intensive requirement elevates the barrier to entry and operational costs, often deterring smaller producers in developing economies from transitioning away from less hazardous but environmentally detrimental legacy blowing agents.

Key Market Drivers

The surging global demand for residential and commercial refrigeration appliances acts as a primary catalyst for the cyclopentane market, as manufacturers increasingly rely on this blowing agent to meet thermal insulation requirements. Cyclopentane is integral to the production of polyurethane foams used in refrigerators and freezers, offering superior energy efficiency compared to legacy alternatives. This consumption trend is evidenced by major industry players scaling their operations; according to Haier Smart Home, in April 2025, its refrigeration business segment generated a global revenue of RMB 83.56 billion in 2024, reflecting steady end-market value. Furthermore, global trade volumes for these appliances have expanded significantly. According to the China Household Electrical Appliances Association, in January 2025, refrigerator exports from China reached 47.68 million units between January and November 2024, marking a 19.1% year-on-year increase that directly correlates with higher consumption of insulation materials.

Concurrently, the accelerated phase-out of hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs) under international environmental mandates forces a structural shift toward low-global-warming-potential (GWP) alternatives like cyclopentane. Regulatory frameworks, such as the Kigali Amendment to the Montreal Protocol, have imposed strict reduction schedules, compelling industrial users to abandon high-GWP agents. This transition is successfully reducing reliance on older chemicals; according to the European Environment Agency, in November 2025, the consumption of hydrofluorocarbons in the EU-27 for 2024 was 60% below the Montreal Protocol target. This regulatory pressure ensures that cyclopentane remains the preferred substitute in foam blowing applications, securing its long-term market trajectory despite flammability challenges.

Download Free Sample Report

Key Market Challenges

The primary obstacle impeding the expansion of the global cyclopentane market is the compound's inherent high flammability. This physical characteristic necessitates substantial upfront capital investment, as manufacturers are required to install specialized explosion-proof processing machinery and implement rigorous safety infrastructure to mitigate combustion risks. Unlike non-flammable alternatives, cyclopentane demands a complex operational environment, which significantly elevates the cost of production and creates a steep barrier to entry for potential market entrants.

This capital-intensive nature restricts market participation, particularly for smaller enterprises in developing regions that lack the financial resources to transition from legacy blowing agents. The high cost of compliance and necessary infrastructure upgrades deters new players, effectively limiting supply chain diversity and keeping the market concentrated. The burden of these heavy investments is reflected in broader industry expenditure trends. According to the American Chemistry Council, in 2024, spending on capital projects within the chemical sector rose 4.1% to $34 billion. This escalating financial threshold prevents smaller competitors from adopting cyclopentane, thereby stifling the broader adoption rates required for substantial market growth.

Key Market Trends

To align with corporate sustainability goals, suppliers are increasingly introducing renewable and low-carbon cyclopentane product lines, specifically ISCC PLUS certified mass-balanced variants derived from biomass. This shift allows end-users to significantly reduce Scope 3 carbon emissions without altering their existing foaming processes. This trend is substantiated by the certification of major production facilities to supply bio-circular materials; according to Haltermann Carless, August 2025, in the 'ISCC PLUS Certificate', the company secured recertification for its production of mass-balanced bio-circular cyclopentane, ensuring a verified supply chain for low-carbon insulation markets.

Concurrently, a rapidly emerging trend is the integration of cyclopentane-blown foams into Electric Vehicle (EV) battery thermal management systems. Automotive manufacturers are utilizing these high-performance foams to create lightweight thermal barriers that prevent thermal runaway and enhance battery efficiency, diversifying demand beyond traditional appliances. This niche application is expanding alongside the surge in electric mobility; according to Just Auto, February 2025, in the 'Sales of Chinese-made vehicles flat in January' article, sales of new energy vehicles (NEVs) in China rose by 29% year-on-year to reach 944,000 units in January alone, driving the need for advanced thermal insulation solutions in the automotive sector.

Segmental Insights

The Insulating Construction Materials segment is positioned as the fastest-growing area in the Global Cyclopentane Market. This accelerated demand stems from strict environmental mandates, such as the Montreal Protocol, which necessitate the replacement of hydrofluorocarbons with low Global Warming Potential alternatives. Cyclopentane serves as an essential blowing agent for rigid polyurethane foam, a primary component in energy-efficient building panels and boards. As the construction industry prioritizes thermal efficiency to meet modern green building standards, the adoption of this environmentally compliant material continues to expand significantly across residential and commercial infrastructure projects.

Regional Insights

Asia Pacific maintains a dominant position in the global cyclopentane market due to its extensive manufacturing base for household appliances and construction materials. The region's leadership is primarily driven by the high production volume of refrigerators and freezers in major economies like China and India, where cyclopentane is widely utilized as a blowing agent for polyurethane foam insulation. Furthermore, strict adherence to the Montreal Protocol has accelerated the industrial transition from ozone-depleting hydrochlorofluorocarbons to environmentally compliant alternatives. This regulatory mandate ensures consistent demand for cyclopentane across the region's expanding industrial sectors.

Recent Developments

In April 2024, BSM (Tongling) Chemical Co., Ltd. announced a significant investment plan to construct a new green material production facility in the Tongling Economic Development Zone, Anhui Province. The company committed ¥121 million to this project, which is designed to produce 12,100 tons of cyclopentane series materials annually. This expansion aims to meet the growing demand for high-purity foaming agents used in the refrigeration and insulation sectors. The project also includes the installation of new cyclopentene devices and hydrogen production facilities, reinforcing the company's position in the high-performance materials market.
In April 2024, Haldia Petrochemicals Ltd (HPL) revealed plans to develop a massive oil-to-chemical project in Cuddalore, Tamil Nadu, with a projected investment of USD 10 billion. The company, which is a prominent manufacturer of cyclopentane and other specialty chemicals, intends to commission the project by 2028 or 2029. This strategic initiative is designed to boost HPL's profitability by locally producing specialty chemicals and feedstocks such as ethylene and propylene. The expansion targets the increasing regional requirement for industrial chemicals and aims to reduce reliance on imports in the growing Indian market.
In April 2024, SK Geo Centric participated in Chinaplas 2024 in Shanghai, where it showcased its portfolio of high-value chemical products and sustainable material solutions. As a key player in the global cyclopentane market, the company utilized this platform to present its next-generation technologies, including those for packaging and industrial applications, to a global audience. The exhibition highlighted the company's focus on "Lifestyle Solutions" and materials that support the circular economy. This engagement allowed the company to strengthen relationships with appliance manufacturers and other end-users who rely on advanced chemical formulations for their products.
In January 2024, Haltermann Carless, the world’s largest producer of cyclopentane, appointed a new Chief Executive Officer who subsequently initiated a strategic transformation programme titled "RACE". This corporate restructuring was designed to enhance the company's operational efficiency and focus resources on high-value hydrocarbon solutions, including its market-leading cyclopentane products. The transformation involves streamlining the organisation and exiting low-margin commodity lines to prioritize sustainable and specialty applications. This move underscores the company's commitment to maintaining its leadership in the supplying of blowing agents for insulation and energy efficiency markets.

Key Market Players

HCS Group GmbH
Chevron Phillips Chemical Company LLC
INEOS Group Limited
Zeon Corporation
LG Chem Ltd.
South Hampton Resources, Inc.
Maruzen Petrochemical Co., Ltd.
YEOCHUN NCC Co., Ltd.
DYMATIC Chemicals, Inc.
Haldia Petrochemicals Ltd.

By Application	By Function	By Region
Residential Refrigerators Commercial Refrigerators Insulated Containers & Sippers Insulating Construction Materials Electrical & Electronics Personal Care Products Fuel & Fuel Additives and Others	Blowing Agent & Refrigerant Solvent & Reagent and Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Cyclopentane Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Cyclopentane Market, By Application:

Residential Refrigerators
Commercial Refrigerators
Insulated Containers & Sippers
Insulating Construction Materials
Electrical & Electronics
Personal Care Products
Fuel & Fuel Additives and Others

Cyclopentane Market, By Function:

Blowing Agent & Refrigerant
Solvent & Reagent and Others

Cyclopentane Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Cyclopentane Market.

Available Customizations:

Global Cyclopentane Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Cyclopentane Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Cyclopentane Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Application (Residential Refrigerators, Commercial Refrigerators, Insulated Containers & Sippers, Insulating Construction Materials, Electrical & Electronics, Personal Care Products, Fuel & Fuel Additives and Others)

5.2.2. By Function (Blowing Agent & Refrigerant, Solvent & Reagent and Others)

5.2.3. By Region

5.2.4. By Company (2025)

5.3. Market Map

6. North America Cyclopentane Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Application

6.2.2. By Function

6.2.3. By Country

6.3. North America: Country Analysis

6.3.1. United States Cyclopentane Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Application

6.3.1.2.2. By Function

6.3.2. Canada Cyclopentane Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Application

6.3.2.2.2. By Function

6.3.3. Mexico Cyclopentane Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Application

6.3.3.2.2. By Function

7. Europe Cyclopentane Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Application

7.2.2. By Function

7.2.3. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Cyclopentane Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Application

7.3.1.2.2. By Function

7.3.2. France Cyclopentane Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Application

7.3.2.2.2. By Function

7.3.3. United Kingdom Cyclopentane Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Application

7.3.3.2.2. By Function

7.3.4. Italy Cyclopentane Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Application

7.3.4.2.2. By Function

7.3.5. Spain Cyclopentane Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Application

7.3.5.2.2. By Function

8. Asia Pacific Cyclopentane Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Application

8.2.2. By Function

8.2.3. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Cyclopentane Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Application

8.3.1.2.2. By Function

8.3.2. India Cyclopentane Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Application

8.3.2.2.2. By Function

8.3.3. Japan Cyclopentane Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Application

8.3.3.2.2. By Function

8.3.4. South Korea Cyclopentane Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Application

8.3.4.2.2. By Function

8.3.5. Australia Cyclopentane Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Application

8.3.5.2.2. By Function

9. Middle East & Africa Cyclopentane Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Application

9.2.2. By Function

9.2.3. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Cyclopentane Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Application

9.3.1.2.2. By Function

9.3.2. UAE Cyclopentane Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Application

9.3.2.2.2. By Function

9.3.3. South Africa Cyclopentane Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Application

9.3.3.2.2. By Function

10. South America Cyclopentane Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Application

10.2.2. By Function

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Cyclopentane Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Application

10.3.1.2.2. By Function

10.3.2. Colombia Cyclopentane Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Application

10.3.2.2.2. By Function

10.3.3. Argentina Cyclopentane Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Application

10.3.3.2.2. By Function

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Cyclopentane Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. HCS Group GmbH

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Chevron Phillips Chemical Company LLC

15.3. INEOS Group Limited

15.4. Zeon Corporation

15.5. LG Chem Ltd.

15.6. South Hampton Resources, Inc.

15.7. Maruzen Petrochemical Co., Ltd.

15.8. YEOCHUN NCC Co., Ltd.

15.9. DYMATIC Chemicals, Inc.

15.10. Haldia Petrochemicals Ltd.

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global Cyclopentane Market in 2025?

Which is the dominating region in the Global Cyclopentane Market?

Which is the fastest growing segment in the Global Cyclopentane Market?

What is the expected growth rate of the Global Cyclopentane Market?