What is Global Cyclopentene Market?
The Global Cyclopentene Market is a vast and dynamic sector that plays a crucial role in the global economy. Cyclopentene is a liquid hydrocarbon that is often used in the production of various chemicals and materials. The market for this compound is global in nature, meaning it involves the buying and selling of cyclopentene across different countries and regions. The market's value was estimated at US$ 27 million in 2023, and it is projected to reach US$ 33 million by 2030. This growth is driven by various factors, including increasing demand from various industries, advancements in technology, and the development of new applications for cyclopentene. The market is also influenced by various macroeconomic factors, such as economic growth, changes in regulations, and fluctuations in raw material prices.
Purity ≥95%, Purity ≥99% in the Global Cyclopentene Market:
In the Global Cyclopentene Market, the products are mainly differentiated based on their purity levels. The two main categories are Purity ≥95% and Purity ≥99%. The 95% purity cyclopentene is the most common and widely used type. It is primarily used in the production of resins, rubber, and other materials. On the other hand, the 99% purity cyclopentene is a more refined product and is used in more specialized applications, such as in the production of high-performance plastics and advanced composites. The demand for both types of cyclopentene is driven by various factors, including their properties, cost, availability, and the specific requirements of different applications.
Comonomer, Organic Synthesis in the Global Cyclopentene Market:
Cyclopentene is used in a wide range of applications, but the two main areas are as a comonomer and in organic synthesis. As a comonomer, cyclopentene is used in the production of various types of polymers. It is combined with other monomers to create polymers with specific properties. In organic synthesis, cyclopentene is used as a building block to create a wide range of organic compounds. It is used in the synthesis of various chemicals, including pharmaceuticals, agrochemicals, and dyes. The use of cyclopentene in these areas is driven by its unique properties, including its reactivity and the ability to form stable five-membered rings.
Global Cyclopentene Market Outlook:
The global Cyclopentene market has shown a steady growth over the years. In 2023, the market was valued at US$ 27 million and it is expected to reach US$ 33 million by 2030, growing at a CAGR of 3.4%. The market is dominated by two major manufacturers who hold about 58% of the market share. The most popular product in this market is the 95% purity cyclopentene, which holds about 74% of the product market share. The largest application of cyclopentene is as a comonomer, which accounts for about 69% of the application market share. The market is largely concentrated in the Asia-Pacific region, which holds about 60% of the global market share.
| Report Metric | Details |
| Report Name | Cyclopentene Market |
| Accounted market size in 2023 | US$ 27 million |
| Forecasted market size in 2030 | US$ 33 million |
| CAGR | 3.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Zeon Corporation, Huangshan Basihui, Zhejiang Alpharm Chemical, Shanghai Gonghe, Huaian Yihong Chemical, Shanghai PEARLK Chemicals, Seqens |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
