Global Cycloalkanes Market 2025–2034

Reports Description

Global Cycloalkanes Market is expected to grow substantially from 2025 to 2034, driven by increasing demand across various applications and end-user industries. The market is projected to grow at a Compound Annual Growth Rate (CAGR) of approximately 6.5% during the forecast period, with the market size estimated at USD 6.5 Billion in 2025 and anticipated to reach USD 10.9 Billion by 2034.

Several critical market drivers are propelling the Cycloalkane Market to substantial growth. The growing demand for cycloalkanes in producing high-performance fuels and solvents has significantly contributed to the market expansion.

Furthermore, the utilization of greener fuels is being promoted by the proliferation of alternative energy sources and the implementation of stringent environmental regulations, which has resulted in an increased emphasis on superior-quality cycloalkanes.

Manufacturers attempting to optimize their operations are increasingly attracted to the efficiency and cost savings achieved through advancements in production processes and technology. The market has abundant opportunities, particularly in developing regions where industrialization is on the rise.

The burgeoning aerospace and automotive sectors offer significant opportunities for cycloalkanes, as they are indispensable in developing fuels that satisfy specified performance criteria. Further, the chemical sector’s advancements in cycloalkane applications promote the development of new product formulations and applications.

Companies may also consider partnerships and collaborations to expand their product offerings and improve their market presence. Many manufacturers are now emphasizing the production of bio-based cycloalkanes and the enhancement of their overall environmental impact, which indicates a recent trend toward sustainability.

This movement is consistent with initiatives to encourage sustainable practices and reduce carbon footprints in various sectors. Organizations are also investing in research and development to develop innovative solutions that meet the changing requirements of their customers. Therefore, industry participants must remain informed and adaptable in this dynamic landscape, as these trends are influencing the future of the cycloalkane market.

Cycloalkanes Market: Definition

Cycloalkanes are hydrocarbons used as an intermediary in the chemical production of synthetic rubbers, which are used in various medical and manufacturing applications. A cycloalkane molecule is composed of a ring of carbon atoms connected by single bonds.

Cyclohexane is the source of numerous synthetic products, such as solvents, adhesives, textiles, and plastics. New o-substituted 2-phenyl imino-1-aza-cycloalkanes and their production exhibit novel, beneficial, and unexpected properties in comparison to previously known compounds that lack such o-substitution and are employed as blood pressure depressants.

Cycloalkanes are employed in internal combustion engines (ICE) that primarily operate on natural gas and other specific gases, including shale, mine, biogas, landfill, sewage, and syngas. ICE engines are known for their exceptional dependability, low operating and servicing costs, and exceptional thermal and electrical efficiency, which typically results in over 90% efficiency.

Cycloalkanes are also employed in various applications, including tri-generation, mechanical propulsion, cogeneration, and power generation.

Cycloalkanes Market: Growth Factors

The cycloalkanes market is anticipated to experience growth due to the anticipated increase in demand for cycloalkanes in motor fuel and petroleum gas during the forecast period.

The primary methods of producing motor fuel are fractional distillation, isomerization, and aromatization of crude petroleum oil. In spark-ignited internal combustion engines, cycloalkane is employed as a motor fuel. It is primarily composed of organic compounds that are derived through the fractional distillation of petroleum. The efficacy of gasoline is improved by adding a diverse array of additives to motor fuel.

It is combined with ethanol to mitigate the emissions produced by the combustion of petroleum. The Economic Times predicts that the local demand for motor fuel, which is primarily used in passenger vehicles, will increase by 7.8% to 33.3 million tons. In comparison, gasoil consumption is anticipated to increase by 4% to 79.3 million tons in India.

Additionally, petroleum gas is frequently required as fuel for gas barbecue cookers, gas cooktops and ovens, gas fireplaces, and portable heaters. Petroleum gas is a mixture of hydrocarbon gases that is highly flammable and is frequently employed as a fuel in domestic cooking applications.

It is also employed as a propellant in certain automobiles. The U.S. petroleum consumption averaged approximately 19.78 million barrels per day (b/d) in 2021, according to the U.S. Energy Information Administration. This figure includes approximately one million b/d of biofuels and cycloalkanes. In 2021, the United States’ total petroleum consumption was approximately 8% higher than it was in 2020.

Nevertheless, cycloalkanes that are present in gasoline may cause confusion, giddiness, nausea, headache, blurred vision, vertigo, and weakness.  In humans, the inhalation of large quantities of cycloalkanes can result in narcosis or anesthetic effects.

Alkanes are depressants of the central nervous system. Nevertheless, sudden fatalities have been associated with individuals who inhale hydrocarbon vapors, such as those found in gasoline, which are likely the result of irregular heartbeats.

Inflammation of the gastrointestinal mucosa can range from mild to severe due to gasoline consumption. Depression of the central nervous system is the primary cause of the systemic consequences of gasoline exposure.

Cycloalkanes present in gasoline may induce confusion, giddiness, nausea, headache, blurred vision, disorientation, and weakness. Thus, it is anticipated that their toxic nature will impede the market growth of cycloalkanes during the forecast period.

The cycloalkanes market is anticipated to have ample development opportunities in the future due to the increasing interest in eco-friendly blowing agents. In recent years, there has been a rapid increase in the demand for environmentally friendly tanning agents, and this trend is expected to persist in the future.

Cycloalkanes are utilized as environmentally favorable blowing agents in a diverse array of industries, such as refrigerators, building insulation, vehicles, furniture, and packaging. Governmental regulations and environmental awareness have necessitated the utilization of environmentally favorable blowing agents. Market participants will capitalize on a shift in emphasis toward ecologically advantageous wind agents due to severe climate change.

KY-ECO, an innovative eco-friendly dispersing agent that contains cycloalkanes, was introduced by Kumyang in 2021. Cellcom KY-ECO is devoid of hazardous gases, including ammonia, formamide, and sulfur dioxide. The United Kingdom government mandated the recovery and recycling of (HCFC) hydrochlorofluorocarbons utilized in refrigeration units. HCFC is anticipated to have a beneficial impact on environmentally benign blowing agents during the projection period due to its potential phase-out in the near future and its contribution to ozone depletion.

Cycloalkanes Market: Trends

Cycloalkanes are frequently employed in light-duty vehicles and are a component of natural gas, which is environmentally favorable. They can generate energy, heat water, bake delicacies, and operate industrial furnaces.

Additionally, they are employed in industrial components to safeguard against thermal stability, oxidation, and corrosion. Cycloalkanes are also employed in diesel fuel, a more refined, heavier, oilier, and denser version of gasoline that can be compressed more effectively than gasoline.

Additionally, mothballs and other insect control treatments frequently contain cycloalkanes. They are vermin repellents due to their potent odor. Naphthalene is permitted for use in both interior and outdoor households due to its ability to eliminate moths and their eggs. Cycloalkanes are also employed as anesthetics, which are medications that alleviate discomfort and promote relaxation during surgical procedures.

Additionally, cycloalkanes are employed as environmentally favorable inks in the packaging industry and to display product information on hoardings, banners, and posters. The fundamental ingredient of eco-friendly inks is cycloalkanes, which are used as adhesive solvents before adding pigments. Adhesive solvent-based inks are suitable for use on a diverse array of pigments and surfaces.

The increase in demand from the pharmaceutical and personal care industries is driving the market growth during the forecast period. In the pharmaceutical industry, cycloalkanes are employed as organic solvents for the purpose of cleaning apparatus, separating and purifying synthesis products, and as reaction media. Cycloalkanes are organic solvents employed in producing a medicinal product and an active pharmaceutical ingredient.

Cycloalkanes Market: Dynamics

Cycloalkanes are also required as an anesthetic substance, which is an essential component of all surgical procedures. They are employed to address transient lunacy and a lack of defensive reflexes. The cyclohexane compound is specifically employed in general anesthetic medications that result in a complete loss of sensation by blocking the activity of the central nervous system.

In the personal care industry, they are also employed in producing detergents, fragrances, and hair products. Cycloalkanes are frequently employed in hair treatments to address dandruff, dry and itchy scalp, hair loss, and lackluster hair. They are frequently employed in cosmetics that contain the cyclopropane compound. Additionally, cycloalkanes are employed in the perfume manufacturing industry as fragrances and for pigmentation purposes.

Cycloalkanes are also employed as mineral oil, which is a component of direct-contact skin products, including hair oils, shampoo, suntan oils, cleansers, and extenders. A significant number of individuals employs anti-dandruff shampoos to alleviate dandruff.

Cycloalkanes are frequently employed in anti-dandruff cleansers due to their anti-fungal properties. The demand for nourishing treatments, such as hair masks, has been driven by the regular use of shampoos containing harsh cycloalkanes and increased exposure to UV sun radiation.

Nevertheless, the market’s expansion is anticipated to be impeded by the deleterious nature of cycloalkanes. Conversely, the cycloalkanes industry is anticipated to benefit from the increased interest in environmentally favorable blowing agents in the chemical industry, which is anticipated to provide significant growth opportunities.

Cycloalkanes Market: Segmentation Analysis

By Function:

In 2024, the expanding agent & refrigerants segment held the largest revenue share at 65.6% and is anticipated to maintain its dominance throughout the forecast period. This can be ascribed to the growing demand and utilization of cyclopentane in various industries, including as a refrigerant in refrigerators and as a blowing agent for insulation purposes.

Cyclopentane is required for its utilization in freezers, cold storage, and refrigerators by the burgeoning healthcare and pharmaceutical industries and food and beverage industries, which is anticipated to drive the segment’s growth further.

Over the forecast period, the solvents & reagents segment is anticipated to expand at a compound annual growth rate (CAGR) of 8.1%. This is due to the distinctive characteristics of cyclopentane as a solvent and additive for synthetic polymers, rubber adhesives, and other application products.

The fuel and fuel additives industry, as well as the plastics, polymers, and resins industry, are the largest consumers of cyclopentane as a solvent. Cyclopentane organic solvent is an advantageous product for applications such as fuel production and other related chemicals due to its solubility and miscibility.

By Application:

In 2024, the refrigerators segment held the greatest market share at 66.2% and is anticipated to maintain this position throughout the forecast period. This can be ascribed to the use of cyclopentane in refrigerator applications, primarily as a refrigerant and insulation, as it enhances the shelf life of temperature-sensitive products.

There has been a rise in the demand for frozen foods and beverages, as well as for the storage of pharmaceuticals and other medications in the healthcare industry. This has increased the demand for refrigerators, which is anticipated to drive the growth of the cyclopentane industry.

The insulated containers & sippers segment is anticipated to experience the most rapid growth rate, with a compound annual growth rate (CAGR) of 9.3% during the forecast period. The utilization of cyclopentane as a blowing agent in the production of insulated products is increasing due to its thermal insulation capabilities. It assists in reducing carbon emissions and providing an alternative to HCFCs, as well as the management of the more significant issue of energy leakage and consumption.

Report Scope

Cycloalkanes Market: Regional Analysis

Revenue from the Cycloalkane Market was $6.78 billion in 2024, with substantial contributions from various regions. This indicates the established industrial base and growing demand for cycloalkanes across diverse applications, as North America emerged as a dominant player, accounting for 4.1 USD Billion.

Europe followed closely, with a value of 1.7 USD Billion, primarily due to the strict regulations prioritizing greener fuels and chemical intermediates. The APAC region was valued at 1.8 USD Billion, indicating a robust development potential due to the increasing industrialization and urbanization.

South America and MEA were valued at 0.5 USD Billion and 0.23 USD Billion, respectively, reflecting emerging momentum but less market penetration. The Cycloalkane Market segmentation emphasizes the substantial influence of North America and Europe on market trends, which are fueled by their advanced technologies and investments in APAC’s expanding industrial activities.

Despite their smaller market sizes, the other regions are gradually gaining traction within the industry due to their growing consumption of cycloalkanes and their ambitious development agendas. Market dynamics in these regions are anticipated to be influenced by changes in consumer preferences and regulatory environments in the years ahead.

List of the prominent players in the Cycloalkanes Market:

• Chevron Phillips Chemical Company LLC
• ExxonMobil Chemical Company
• INEOS Group Holdings S.A.
• SABIC (Saudi Basic Industries Corporation)
• Reliance Industries Limited
• Dow Chemical Company
• Royal Dutch Shell plc
• China National Petroleum Corporation (CNPC)
• Formosa Plastics Corporation
• Mitsubishi Chemical Corporation
• Sumitomo Chemical Co. Ltd.
• BASF SE
• LG Chem Ltd.
• LyondellBasell Industries N.V.
• Akzo Nobel N.V.
• Toray Industries Inc.
• JXTG Nippon Oil & Energy Corporation
• Clariant AG
• Solvay S.A.
• Lanxess AG
• Others

The Cycloalkanes Market is segmented as follows:

By Function

• Blowing Agent & Refrigerant
• Solvent & Reagent
• Others

By Application

• Refrigeration
• Construction
• Electrical & Electronics
• Chemical
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America