Cyclopentanone Market for Pharmaceuticals, Biological, Perfumes & Aromas, Rubber Chemicals, Insecticides and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020
Deerfield Beach, FL -- (SBWIRE) -- 11/11/2016 -- Zion Research has published a new report titled "Cyclopentanone Market for Pharmaceuticals, Biological, Perfumes & Aromas, Rubber Chemicals, Insecticides and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020." According to the report, global demand for cyclopentanone was valued at USD 100.0 million in 2014, and is expected to reach USD 130.0 million in 2020, growing at a CAGR of 4.5% between 2015 and 2020.
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Cyclopentanone is generally referred as cyclic ketone, cyclopentanone, ketocyclopentane. It is a pale yellow or colourless fluid that is obtained by the chemical synthesis of adipic acid and barium hydroxide under high temperature. It is biodegradable and get dissolved in water and form a vapor that is corpulent than air. Key application industries for cyclopentanone includes, pharmaceuticals, biological, perfumes & aromas, rubber chemicals, insecticides, etc.
Cyclopentanone market is mainly driven by strong demand from pharmaceutical industry. Rapid growth of pharmaceutical industry in emerging economies of Asia Pacific region is primarily responsible for the growth of cyclopentanone market. Economic growth and improved lifestyle has been resulted into growing demand for perfumes & aromas in the region. This is also expected to fuel the growth of cyclopentanone in the region. However, environmental and human health regulations are expected to affect the growth of cyclopentanone market. Cyclopentanone in pure form can be unsafe to human health and it may cause severe eye and skin irritation.
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Key application segments of the global cyclopentanone include pharmaceuticals, biological, perfumes & aromas, rubber chemicals, insecticides and other including electronic solvent, paints and varnish remover, and oil extraction. In 2014, perfumes and aromas segment dominated the global cyclopentanone market. Growth in the perfumes and aromas segment is driven by an increasing demand for fragrance application especially in cosmetic industries. Other important outlets for cyclopentanone include rubber chemicals, insecticides, etc.
Asia Pacific dominated the global cyclopentanone market with a significant share in total volume consumption in 2014. Asia Pacific is a leading producer as well as consumer of cyclopentanone. North America and Europe also accounted for significantly large share of the global cyclopentanone market in 2014. Latin America and Middle East & Africa holds small share of the global cyclopentanone market.
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The study provides a decisive view on the cyclopentanone market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key application market covered under this study includes pharmaceuticals, biological, perfumes & aromas, rubber chemicals, insecticides, and other applications (Including electronic solvents, paints and varnish removers and oil extraction). The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa. This segmentation includes demand for cyclopentanone based on individual applications in all the regions.
The key players for the cyclopentanone market include Solvay, BASF SE, ZEON CHEMICALS, Zhejiang NHU Co., Ltd, Xinyi Dongsheng Chemical Co., Ltd, Shandong Guorun Chemical Co., Ltd, Company eight, Pearlk Chemical Materials (Qidong) Co., Ltd, Zhonggung Group, Liaoning Jiazhi Chemicals, Caffaro and WanXiang International.
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