September 30, 2019

Cyclopentane Market: Opportunity Analysis and Industry Forecast upto 2027

Adoption of Cyclopentane in Commercial Refrigerators Shaping the Market Landscape

The adoption of cyclopentane in commercial refrigerators has opened up new opportunities for the cyclopentane market. Cyclopentane is popularly used as a foam blowing agent for polyurethane foams that are used to insulate freezers and refrigerators. The commercial refrigerator sector is experiencing a healthy growth across the globe, with Asia pacific region as the fastest growing region.

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The importance of commercial refrigerators is also increasing due to fluctuating climatic conditions that has resulted in the wastage of harvested crops due to inadequate storage options. Studies have shown that more than one- fourth of the harvested crops never reach the market due to improper refrigeration facilities. These figures are even higher in developing countries.

The rising population has generated the necessity to efficiently deliver the food to minimize famine, hunger, and diseases. This has increased the importance of commercial refrigeration systems, and governments across the world are promoting its use to keep food fresh and prolong its shelf life. Cyclopentane is gaining significant traction as a foaming agent in polyurethane foam manufacturing, owing to its superior properties over conventional foaming agents.

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Besides, cyclopentane also reduces the greenhouse gas (GHG) emissions in the insulation process during the manufacturing of refrigerators. The insulating foam is used in the door panels and cases of refrigerators. Refrigerator manufacturers have reported significant reduction in the greenhouse gas emissions after replacing the conventional foaming agents with cyclopentane. GE appliances, owned by Haier, reported reduction in greenhouse gas emissions by 99% in 2011, when it replaced conventional foaming agent with cyclopentane.

The insulated transport containers are also gaining demand due to increased benefits for transportation of perishable items over long distances. Majority of these containers have PU-based insulation in them, which uses cyclopentane as foam blowing agent. The increase in demand for such containers, and that of cyclopentane, can be linked to the fluctuating climatic conditions that have decreased the shelf life of perishable items such as vegetables and fruits.

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As the demand for fruits and vegetables is different in different region, and not all regions produce equal amounts of harvest, most of the surplus harvest after captive consumption is traded to the neighboring regions using such insulated containers. Also, the growing demand for commercial refrigerators from the hotel chains and café has influenced the growth of the cyclopentane market.