Cycloalkanes Market Report 2024 (Global Edition)

Global Cycloalkanes Market Report 2024 Market Size Split by Function (Blowing Agent And Refrigerant, Solvent And Reagent), by Type (Small rings, Common rings, Others), by Application (Pharmaceuticals,...

Cycloalkanes Market Report Description

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Cycloalkanes Market Insights Video

Competitive Landscape of the Cycloalkanes Market

The competitive landscape of the Cycloalkanes market is characterized by a range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Cycloalkanes companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

November 2021, Medion Healthcare was recognized by India Design Mark for their excellent work on the Asteros Royale Series Anaesthesia Workstation, which incorporates cycloalkanes, with a good design award. (Source: https://medion.co.in/awards.php)

Top Companies Market Share in Cycloalkanes Industry: (In no particular order of Rank)

• Ethos Chemical
• Haldia Petrochemicals Limited
• Tokyo Chemical Industry Co.
• Ltd. (TCI)
• INEOS Group
• hcs group
• MARUZEN PETROCHEMICAL CO.
• LTD.
• Reliance Industries Limited
• Forecast Chemicals
• Alfa Aesar
• Thermo Fisher Scientific
• Labdhi Chemicals
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Cycloalkanes Market

Which Region Dominates the Cycloalkanes Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. The United States, in particular, is one of the main participants in the global market for cycloalkanes. The area is well-known for its strong emphasis on innovation, powerful infrastructure for research and development, and well-established chemical industry. These factors have facilitated the dominance of the region in the market. North America's chemical industry is renowned for emphasizing research and development, which has resulted in new uses for cycloalkanes. A number of factors, such as the expansion of the chemical and pharmaceutical sectors, active R&D, and a supportive regulatory framework, are driving the North American cycloalkanes market. Sustaining market success will require addressing obstacles and seizing new possibilities.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Cycloalkanes market. The market for cycloalkanes in Asia Pacific is expanding rapidly due to their essential function in numerous industries. Due to their closed-ring structure, these cyclic hydrocarbons are crucial for the synthesis of many products, such as agrochemicals, medicines, and solvents. One of the main drivers is the growing chemical industry in the area. Cycloalkanes are essential building blocks for the synthesis of numerous different chemical compounds. The solvent applications of cycloalkanes are increasing due to the growing need for paints, coatings, adhesives, and cleaning agents.

The current report Scope analyzes Cycloalkanes Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cycloalkanes Market

According to Cognitive Market Research, the global Cycloalkanes market size was estimated at USD 5561.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 2224.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Cycloalkanes market with a market size of USD 1755.21 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The country boasts a well-established pharmaceutical industry with robust research and development capabilities.
• The Canada Cycloalkanes market had a market share of USD 266.95 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Canada has a robust petrochemical sector, particularly in regions like Alberta and Ontario. This provides a solid foundation for cycloalkane production.
• The Mexico Cycloalkanes market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 202.44 million in 2024.

Europe Cycloalkanes Market

According to Cognitive Market Research, the global Cycloalkanes market size was estimated at USD 5561.5 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 1668.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Cycloalkanes market had a market share of USD 280.30 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The UK has a robust chemical industry, which is a major consumer of cycloalkanes.
• The France Cycloalkanes market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 153.50 million in 2024.
• According to Cognitive Market Research, the German Cycloalkanes market size was valued at USD 330.35 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. Germany's renowned automotive sector is a major consumer of cycloalkanes.
• The Italy Cycloalkanes market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 143.49 million in 2024.
• The Russia Cycloalkanes market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 258.61 million in 2024.
• The Spain Cycloalkanes market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 136.81 million in 2024
• The Luxembourg Cycloalkanes market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 51.72 million in 2024.
• The Portugal Cycloalkanes market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 35.04 million in 2024.
• The Greece Cycloalkanes market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 20.02 million in 2024.
• Rest of Europe's Cycloalkanes market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 258.61 million in 2024.

Asia Pacific Cycloalkanes Market

According to Cognitive Market Research, the global Cycloalkanes market size was estimated at USD 5561.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1279.15 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Cycloalkanes market size was valued at USD 575.62 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. China boasts a massive petrochemical sector, which is a primary consumer of cycloalkanes.
• The Japan Cycloalkanes market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 176.52 million in 2024.
• The India Cycloalkanes market had a market share of USD 153.50 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. The expansion of the petrochemical sector in India is directly correlated to the demand for cycloalkanes..
• The South Korean Cycloalkanes market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 127.91 million in 2024.
• The Australian Cycloalkanes market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 66.52 million in 2024.
• The South East Asia Cycloalkanes market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 88.26 million in 2024.
• The Rest of Asia Pacific Cycloalkanes market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 90.82 million in 2024.

South America Cycloalkanes Market

According to Cognitive Market Research, the global Cycloalkanes market size was estimated at USD 5561.5 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 278.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Cycloalkanes market size was valued at USD 119.02 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Brazil's robust oil and gas sector is a cornerstone of its economy.
• Argentina's Cycloalkanes market had a market share of USD 46.72 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Growing industrialization and urbanization are increasing the demand for various products.
• Colombia Cycloalkanes market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 24.75 million in 2024.
• Peru Cycloalkanes market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 22.80 million in 2024.
• Chile Cycloalkanes market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 20.02 million in 2024.
• The Rest of Latin America's Cycloalkanes market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 44.77 million in 2024.

Middle East and Africa Cycloalkanes Market

According to Cognitive Market Research, the global Cycloalkanes market size was estimated at USD 5561.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 111.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.10% from 2024 to 2031.

• The GCC Countries Cycloalkanes market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 47.61 million in 2024. GCC governments are actively promoting industrialization and value-added activities.
• The Egypt Cycloalkanes market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 11.68 million in 2024.
• The South Africa Cycloalkanes market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 17.57 million in 2024. South Africa primarily focuses on refining crude oil rather than petrochemical production, which is the main source of cycloalkanes.
• The Turkey Cycloalkanes market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 9.57 million in 2024.
• The Nigeria Cycloalkanes market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 11.68 million in 2024.
• The Rest of the MEA Cycloalkanes market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 13.13 million in 2024.

Cycloalkanes Market Analysis

Cycloalkanes Market Function Segment Analysis

According to Cognitive Market Research, blowing agents and refrigerants stand out as the dominant category. As of right now, cyclopentane dominates the blowing agent market. In the production of polyurethane foam, cycloalkanes—in particular, cyclopentane—are frequently utilized as blowing agents. Their global warming potential (GWP) is lower than that of ODSs, which they substitute. Owing to their favorable thermodynamic characteristics and low global warming potential, some cycloalkanes—while less common than in blowing agent applications—are being investigated as possible refrigerants.

Solvent and reagent emerge as the fastest-growing category in the Cycloalkanes market. Cycloalkanes have good solvent characteristics, especially the bigger ring sizes. They are perfect for dissolving non-polar compounds because of their non-polar composition. Even though they are less reactive than their unsaturated counterparts, cycloalkanes can nonetheless experience some reactions under the right situations. They are used as raw materials to synthesize different kinds of chemicals.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cycloalkanes Industry. Request a Free Sample PDF!

Cycloalkanes Market Type Segment Analysis

According to Cognitive Market Research, the dominant category is small rings due to the numerous benefits connected to the application of tiny rings. Cycloalkanes are tiny rings. The two compounds that makeup cycloalkanes are cyclopropane and cyclobutene. Cyclopropane, also known as trim ethylene, is used as a general anesthetic in medicine, causing patients to go unconscious prior to surgery or other medical procedures. This is what is responsible for the segment's growth.

The fastest-growing category in the Cycloalkanes market is common rings. Cycloopentane, cyclohexane, and cycloheptane are the three most common rings of cycloalkanes. Cyclopentanes are cycloalkanes that are used as blowing agents for polyurethane-insulating foam, resins, and synthetic rubber.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cycloalkanes Application Segment Analysis

Cycloalkanes Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is oil and gas. Cycloalkanes make up a sizable portion of crude oil. Their presence affects the density, viscosity, and boiling point of the oil. A number of changes occur to cycloalkanes during the refining process. They can be processed to produce useful goods, including petrochemical feedstocks, jet fuel, diesel, and gasoline. Cycloalkanes are an essential raw material used in the production of several petrochemicals, such as detergents, synthetic textiles, and plastics. Urbanization, rising disposable incomes, and population growth are all driving the petrochemical industry's strong expansion. Since cycloalkanes are essential feedstocks for petrochemicals, the market for cycloalkanes is positively impacted by the growth of this sector.

The fastest-growing category in the Cycloalkanes market is pharmaceuticals. Driven by the growing need for novel medicinal therapies and the growth of the pharmaceutical sector. Future directions for the application of cycloalkanes in drug discovery and development are probably going to be created by sustained research and development activities as well as technological developments. Cycloalkanes are necessary building blocks for the synthesis of many different types of pharmaceuticals. To improve a drug's solubility, metabolic stability, and target binding affinity, these are added to the molecule.

• Pharmaceuticals
• Electrical And Electronics
• Personal Care
• Oil and Gas
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
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