As per this study the Global Cyclohexane Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Cyclohexane (C6H12) is the transparent, flammable cycloalkane with mild detergent like odor. It is slightly soluble in water but is soluble in alcohol, acetone, ethyl ether and olive oil. It is used as raw material for synthesis of adipic acid and caprolactam. Apart from these, it is used as intermediate for the synthesis of various isolvent to dissolve cellulose ethers, waxes, resins, fats, crude rubber and many more inorganic or organic compound.
The growing demand of nylon in automotive application is driving the market growth. Increasing demand of product in food and beverage packaging, textile and electrical & electronics application is further fueling the market growth. Rising concern with respect to safety and protection of electronic gadgets is boosting adoption of nylon 6,6. This, in turn, pushing the demand for cyclohexane higher. In spite of this, the volatile raw material price is expected to act as a major roadblock for market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of cyclohexane.
The broad cyclohexane market has been sub-grouped into end-user and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Paints & Coatings
- Adipic Acid
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for cyclohexane in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Cyclohexane Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the cyclohexane market include BASF SE, Cepsa, Chevron Phillips Chemical Company, Citgo, ExxonMobil Corporation, Huntsman Corporation, Idemitsu Kosan Co., Ltd., PTT Global Chemical Public Company Limited, Reliance Industries Limited and Shchekinoazot among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.