Cyclopentane Market Size Is Expected To Reach USD 675.7 Million By 2030
San Francisco, 1 Feb 2023: The Report Cyclopentane Market Size, Share & Trends Analysis Report By Function (Blowing Agent & Refrigerant, Solvent & Reagent), By Application (Refrigerators, Containers & Sippers), By Region, And Segment Forecasts, 2022 - 2030 The global cyclopentane market size is anticipated to reach USD 675.7 million by 2030, expanding at a robust CAGR of 7.3% over the forecast period, according to a new report by Grand View Research, Inc. An increase in demand for refrigerators across various sectors is expected to propel the market growth. The COVID-19 pandemic negatively impacted the market as production activities were halted worldwide. The outbreak of the pandemic caused widespread disruption in supply chains leading to a shortage of raw materials and inflated costs across the board. But since the hydrochlorofluorocarbons (HCFCs) phasing out regulation by Montreal Protocol, it has propelled the demand for cyclopentane in applications such as re