The global demand for Cyclooctane Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Cyclooctane commonly referred to as COAN is a simple cyclic hydrocarbon with an odour of camphor and is also called octamethylene. COAN is used as a starting chemical for organic synthesis of materials. Cyclooctanes are used in household items like air fresheners, cleaning agents. These hydrocarbons find their use in personal care products like cosmetics, perfumes, soaps, toothpaste, lotions, etc. They find their use in industrial applications as an intermediate in the manufacture of plastics, coating, adhesive, and fibres. Research around COAN being used as a pesticide is gaining traction.
The growing demand for organic products will be the main driver for the growth of the COAN market. The rise in disposable income and rapid urbanization will boost the demand for household items made from cyclooctane. Rapid industrialization and increased consumption of plastic-based products will further propel the market growth. Growing trends of personal grooming among the younger generation will help the growth of the COAN market at an alarming rate. Increased research in the use of cyclooctane in various industries will help market growth. COVID-19 pandemic has alarmed the people about general hygiene and hence the market will not witness any negative effect due to the virus. The main concerning factor in the extensive use of cyclooctane is their hazardous effects on the respiratory tract of a human.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of cyclooctane.
The entire cyclooctane market has been sub-categorized into application and end-use industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End-Use Industry
- Adipic Acid
- Paints & Coatings
This section covers regional segmentation which accentuates on current and future demand for cyclooctane market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Cyclooctane Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cyclooctane market include BASF SE, CEPSA, Chevron Phillips Chemical, ExxonMobil, Huntsman, Idemitsu Kosan, Petroleos de Venezuela, PTT Global Chemical Public Company, Reliance Industries, Sunoco Chemicals, UCC SHCHEKINOAZOT. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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