Cyclopentanone (CAS No: 120-92-3) is a cyclic ketone with a molecular formula C5H8O. It is also referred to as ketocyclopentane or adipic ketone. This clear, colourless organic compound is obtained by ketonization of adipic acid in presence of barium hydroxide at elevated temperatures. Cyclopentanone is a flammable organic compound characterized by a strong petroleum-like, ethereal odour. It is relatively stable and is insoluble in water. Commercially, one of the major application areas for Cyclopentanone is as an aroma chemical in perfumes industry. Moreover, Cyclopentanone also finds application as an intermediate in manufacture of a variety of chemicals. On the whole, Cyclopentanone finds application across a diverse set of industries such as pharmaceuticals, aroma & perfumes, rubber chemicals, pesticides industry – insecticides, among the others
Cyclopentanone Market: Drivers & Restraints
Global Cyclopentanone market is expected to witness a moderate single digit growth during the forecast period. This steady growth in consumption of Cyclopentanone is expected to be driven, primarily, by increasing demand for the chemical from developing economies spearheaded by China.The relatively more prominent application of Cyclopentanone is its use as an aroma chemical in perfumes & aroma industry. As such, steady growth of end use industry is expected to in turn drive the growth of global Cyclopentanone market over the forecast period. Also, the growing demand from electronics industry, where the chemical is used as a solvent, is expected to drive the growth of global Cyclopentanone market during the forecast period. Besides, growth in other end use industries such as rubber chemicals industry, insecticides industry, and increasing use in pharmaceuticals industry is expected to further drive the growth of Cyclopentanone market over the forecast period. On the flip-side, however, relatively weaker economic growth in major markets across the globe in the initial part of the forecast period is likely to impede the growth of global Cyclopentanone market in the same period.
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Cyclopentanone Market: Segmentation
On the basis of end use industry, global Cyclopentanone market can be segmented into following key market segments:
- Perfumes & Aroma
- Rubber Chemicals
Among the above indicated end use industry based segments, perfumes & aroma segment is expected to retain a major share in overall global Cyclopentanone market share during the forecast period. Pharmaceuticals and electronics segments are expected to register relatively stronger growths vis-à-vis other segments during the same period
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Cyclopentanone Market: Region-wise Outlook
On the basis of geographic regions, global Cyclopentanone market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. Among these, Asia Pacific region accounted for a major share in overall global cyclopentanone consumption in 2014 and is expected to witness a steady growth in its consumption during the forecast period. APAC region is expected to be followed by Europe and North America in terms of overall cyclopentanone consumption volume. Moreover, cyclopentanone market in Latin America is slated to register a robust growth during the forecast period.
Cyclopentanone Market: Key Players
Some of the key major players operating in the global Cyclopentanone market are as follows:
- BASF SE
- Solvay S.A.
- Zeon Corporation
- SHANGHAI PEARLK CHEMICAL CO.,LTD(QIDONG)
- Zhejiang NHU Co., Ltd
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