01-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Cyclohexane Market By Type (Adipic Acid, Caprolactam, Solvents, Others) and By Application (ConstructionAerospace & Defense, Textiles, Automotive, Electrical & Electronics, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Cyclohexane market in 2019 was around USD 25 Billion. The market is expected to grow at a CAGR of around 4% and is anticipated to reach around USD 30 Billion by 2026.
Cyclohexane is a cycloalkane which is a colorless and flammable organic liquid with molecular formula C6H12 which is produced through the catalytic hydrogenation process of benzene, and also used in the production of caprolactam and adipic acid.
The growing demand for nylon products in various engineering plastics helps in propelling the cyclohexane market. With the growing use of benzene as feedstock in producing these chemicals is expected to boost the market in the coming years. The growing refining process of crude oil across the globe is also anticipated to propel the market as benzene is the byproduct that is produced during this refining process. The use of nylon-based automotive parts in the automobile industry has also predicted the growth of the market. Furthermore the use of nylon-based insulation materials in the electricity generation for lowering the carbon emissions is also expected to drive the cyclohexane market. However, the high production cost and the increased usage of products in construction, automobiles, paints, and textiles may hamper the profitability of the market and affect the pricing trends. Nevertheless, the strict regulations imposed by the governments regarding VOC emissions have helped in encouraging the manufacturers in using bio-based raw materials in the production of cyclohexane, thus providing a good opportunity for market growth.
Browse the full “Cyclohexane Market By Type (Adipic Acid, Caprolactam, Solvents, Others) and By Application (ConstructionAerospace & Defense, Textiles, Automotive, Electrical & Electronics, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/cyclohexane-market-by-type-adipic-acid-caprolactam-solvents-1057
As per the application analysis, Caprolactum is expected to show dominance as it is majorly used in the production of nylon 6 fibers and resins. These nylon 6 fibers are used in the production of carpets, industrial yarns, and textiles. Nylon 6 offers good abrasion resistance and hence it is easy to clean and proves resistive against dirt and stains, which in turn drives the cyclohexanone market. Cyclohexane has non-corrosive properties owing to which it can be used across various applications such as lubricants, paints, and coatings. As per the end-user analysis, the automotive segment is expected to show dominance as there is an increasing demand for automobiles across the globe. Adipic acid, which is primarily used in the production of Nylon 6, is used in manufacturing automobile components like wheels, gears, and bearings. It is also used as engineering thermoplastics in automobile applications as it offers good physical properties like high tensile strength, resistance towards high heat, and good chemical abrasion, which in turn helps in promoting demand for cyclohexanone market.
As per the regional analysis, the region of North America is predicted to show dominance in the cyclohexanone market owing to its rising economic growth, increased capacity for production and high consumption potential. It is also expected to show dominance in the construction industry as it is largely used in manufacturing flexible foams that are majorly used for flooring, wiring, insulation, and molding. The growing expenses of the population in the automobile industry has also helped the market to grow as the nylon products are majorly used in engineered plastics that are used in automobiles.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 25 Billion |
Projected Market Size in 2026 |
USD 30 Billion |
CAGR Growth Rate |
4% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Reliance Industries Limited, BASF, The Dow Chemical Company, Chevron Phillips Chemical Company, Clariant, China Petroleum & Chemical Corporation, CEPSA, Idemitsu Kosan Co., Ltd, CITGO Petroleum Corporation, BP Refining & Petrochemicals GmbH, Others. |
Key Segment |
By Application, By End User, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The list of major players that are involved in the Cyclohexane market are as follows:
- Reliance Industries Limited
- BASF
- The Dow Chemical Company
- Chevron Phillips Chemical Company
- Clariant
- China Petroleum & Chemical Corporation
- CEPSA
- Idemitsu Kosan Co., Ltd
- CITGO Petroleum Corporation
- BP Refining & Petrochemicals GmbH
- Others
This report segments the Cyclohexane market as follows:
Global Cyclohexane Market: By Application Segmentation Analysis
- Adipic Acid
- Caprolactam
- Solvents
- Others
Global Cyclohexane Market: By End User Segmentation Analysis
- Construction
- Aerospace & Defense
- Textiles
- Automotive
- Electrical & Electronics
- Others
Global Cyclohexane Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Rest of Middle East & Africa
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