LOS ANGELES, Feb. 27, 2019 (GLOBE NEWSWIRE) -- The global cyclopentane market is mainly driven by the growing demand for environment-friendly refrigerators from the electronics industry. QY Research has recently published a new report titled, "Global Cyclopentane Market Insights, Forecast to 2025", for the anticipated period of 7-years, i.e., between 2018 and 2025. According to this report, the global cyclopentane market is likely to reach a valuation of US$ 290 Mn by 2025 end, registering a healthy CAGR of 6.7% throughout the predicted period.
Rising production of refrigerators and freezers has led to higher demand for insulating materials. Therefore the producers are now gradually opting for foam blowing agents such as cyclopentane, which is ultimately boosting the growth of the global cyclopentane market.
Global Cyclopentane Market: Drivers and restraints
The demand for cyclopentane has increased in the past few years due to the growing production of refrigerating products. Producers are mostly opting for cyclopentane with low ozone depletion features. Rising demand for refrigerators and freezers in the automotive, construction, residential, and food and beverage industry has compelled the producers to produce effective insulating foam. Rising usage of cyclopentane in scientific and analytical applications such as manufacturing of reinforcement and adhesives and composite materials of fiberglass and carbon fiber is predicted to propel the growth of the cyclopentane market over the anticipated period.
Increasing preference for eco-friendly insulation materials has turned to lead the demand for the market. Growing production of refrigerators, chemical solvents, and heaters will escalate the growth for the worldwide market for cyclopentane over the projected period. The increasing need for food products, paints, pharmaceutical, and coatings is likely to remain high in the cyclopentane market in the coming years.
However, the high cost of capital investment may create a negative impact on the growth of the market. During the production process of ingesting cyclopentane, nausea and vomiting can occur due to gastrointestinal tract irritation. This factor is creating negative impact on the global cyclopentane market.
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Global Cyclopentane Market: Segmental analysis
The global market for cyclopentane is segmented into application and product type. Based on the product type the market is sub-segmented into Content >98%, Content 95%-98%, and Content <95%. The application segment is further segmented into Chemical Solvent, Refrigerator, and Heater. Refrigerator segment is expected to register a remarkable growth throughout the predicted period.
Global Cyclopentane Market: Regional analysis
Asia Pacific is holding the largest consumption area for the cyclopentane market in the coming years due to enormous growth opportunities at global and regional levels. Europe is expected to lead the market during the forecasted period. North America is likely to boost the cyclopentane market during the forecasted period. Other countries such as the US, China, and Japan are expected to grow over the assessment period. The Middle East and Africa are also expected to grow due to new product development and rising government expenditures over the projected period.
Global Cyclopentane Market: Competitive Landscape
Major players operating in the worldwide market for cyclopentane are Jilin Beihua Fine Chemical, Halter Mann, DYMATIC Chemicals, Chevron Phillips, Beijing Eastern Acrylic, Maruzen (Chemiway), SK Global Chemical, HPL, LG Chemical, YNCC, INEOS, and South Hampton Resources. These manufacturers hold the major shares of the market. Launching of new and innovative products and promotions are expected to create positive impact on the market in the near future. These players have used the key market strategies for their product enhancement and pricing to raise their profit margins.
LG Chemical Reveals Favorable Adjusted Slope
Presently, LG Chemical’s shares have an average slope of adjustment of -0.17177 for 125/250 day. This slope of adjustment 125/250d indicator is equivalent to the average slope of annualized exponential regression. This indicator is helpful in finding shares that have been on an upward direction consistently over the past 6 months. The debt equity ratio of LG Chemical is 0.31198, while the free cash flow to the ratio of debt is -0.260478. This debt ratio offers an insight about overall debt ratio of the company.
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