Cyclopentanone Market Scope
Cyclopentanone is an Organic Compound with the formula C5H8O. It is Colourless and Belongs to Cyclic Ketone Group. It has a Petroleum-like Odour, & is Insoluble in Water. It is Prepared by the Treatment of Adipic Acid with Barium Hydroxide at Elevated Temperatures
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF SE (Germany), Solvay S.A. (Belgium), Zeon Corporation (Japan), Seidler Chemical Co, Inc. (United States), Zhejiang NHU Co., Ltd (China), Prasol Chemicals Private Limited (India), Caffaro Industrie (Italy), Haihang Industry Co., Ltd (China), Zauba Technologies Pvt Ltd (India) and Freesia Chemicals (India) |
CAGR | % |
The Market for the Cyclopentanone is fragmented with the Presence of Many Regional Players. Owing to Rising Applications of Cyclopentanone, there are Growing Prospects for the New Players to Enter the Market Research Analyst at AMA estimates that United States and Asian Vendors will contribute to the maximum growth of Global Cyclopentanone market throughout the predicted period.
BASF SE (Germany), Solvay S.A. (Belgium), Zeon Corporation (Japan), Seidler Chemical Co, Inc. (United States), Zhejiang NHU Co., Ltd (China), Prasol Chemicals Private Limited (India), Caffaro Industrie (Italy), Haihang Industry Co., Ltd (China), Zauba Technologies Pvt Ltd (India) and Freesia Chemicals (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are A B Enterprises (India), Shandong Guorun Chemical (China), Pearlk Chemical Materials (China), Liaoning Huifu Chemical (China) and Xinyi Dongsheng Chemical (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Cyclopentanone market by Type , by Application (Fragrance, Pharmaceuticals, Electronics, Rubber, Chemicals, Insecticides and Others) and Region with country level break-up.
On the basis of geography, the market of Cyclopentanone has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On September 27, 2023, Lanxess, a German specialty chemicals company, announced that it would acquire Saltigo, a German manufacturer of cyclopentanone, for €250 million. The acquisition is expected to close in the first half of 2024.
On September 15, 2023, Tokyo Chemical Industry Co., Ltd., a Japanese manufacturer of fine chemicals, launched a new cyclopentanone catalyst called Cyclopentanone Catalyst TCI. The new catalyst is designed to be more efficient and selective than traditional catalysts.
Influencing Trend:
Increasing Usage of Cyclopentanone as an Intermediate in the Pharmaceutical Industry
Market Growth Drivers:
Growth in the Fragrance Industry Using Cyclopentanone as a Synthetic Intermediate for the Production of different kinds of Perfume and Rise in the Plastics & Rubber Industry Utilising Cyclopentanone as a Solvent for Manufacturing Synthetic Resins & Rubber Adhesives
Challenges:
Economic Slowdown in Many Countries Worldwide Hampering Performance of Various End Use Industries may pose a Challenge for Cyclopentanone
Restraints:
Presence of Alternate Chemicals like Curcumin may Limit the Market Expansion
Opportunities:
There is an Increased Opportunity for Cyclopentanone for its usage in various Chemical industries like Paint, Oil Extraction, Electronics, & Fertilizers for the Synthesis of other Products and There are Growing Prospects for Cyclopentanone to be used as a Thinner in Polymer Industry
Key Target Audience
Manufacturers of Cyclopentanone, Traders, Distributors, and Suppliers, Research Organizations, Government & Regional Agencies, Investors and Others