January 8, 2021

Cyclohexane Market Analysis

Cyclohexane Market – Industry Trends and Forecast to 2026

Cyclohexane Market By Application (Adipic Acid, Caprolactam, Other Applications), End User Industry (Automotive, Paints and Coatings, Textile, Construction, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026 Global cyclohexane market is projecting a rise in estimated value by 2026, registering a steady CAGR of 5.2% in the forecast period of 2019-2026 due to rise in the demand for nylon products, surge in oil and gas industry and low cost of production Cyclohexane, which is also a cycloalkane and an organic compound, is a cyclic form of hexane consist of 6 carbon atoms, exists in colourless and liquid state at room temperature and pressure. Cyclohexane widely used in the production of adipic acid for industrial purpose. Cyclohexane has applications in many industries such as oil and gas, automobiles, textile, coatings and paintings and others. Cyclohexane is also used as a non-polar organic solvent.

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Market Drivers:

·        Rise in the consumption for nylon products act as a catalyst for the market growth

·        Surge in oil and gas industry would enhance the market growth

·        Low cost of production can boost the growth of the market

·        Increase in automobile production which utilizes nylon has driven the growth

Market Restraint:

·        Stringent regulations and norms by governmental bodies to curb down pollution might hamper the market

Segmentation

By Application

·        Adipic Acid

·        Caprolactam

·        Other Applications

By End User Industry

·        Automotive

·        Paints and Coatings

·        Textile

·        Construction

·        Others

By Geography

·        North America

o   U.S.

o   Canada

o   Mexico

·        South America

o   Brazil

o   Argentina

o   Rest of South America

·        Europe

o   Germany

o   France

o   Italy

o   U.K.

o   Belgium

o   Spain

o   Russia

o   Turkey

o   Netherlands

o   Switzerland

o   Rest of Europe

·        Asia-Pacific

o   Japan

o   China

o   India

o   South Korea

o   Australia

o   Singapore

o   Malaysia

o   Thailand

o   Indonesia

o   Philippines

o   Rest of Asia-Pacific

·        Middle East and Africa

o   UAE

o   Saudi Arabia

o   Egypt

o   South Africa

o   Israel

o   Rest of Middle East and Africa

Key Developments in the Market:

·        In June 2019, a leading producer of Nylon-6, AdvanSix announced the expansion of the plant for caprolactam, produced from cyclohexane. The aim behind the expansion is to increase the share of Nylon-6, which would help AdvanSix to capture the maximum shares of Nylon-6 in the market

·        In April 2017, Lanxess, leader in manufacturing of caprolactam, announced to increase the process efficiency by investing an amount of EUR 25 million. The aim behind this strategy is to increase the production of caprolactam which is precursor of Lanxess’s high tech plastic, produced from cyclohexane which would help Lanxess to strengthen its position in the market

Competitive Analysis:

Global cyclohexane market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cyclohexane market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global cyclohexane market are Huntsman International LLC, Chevron Phillips Chemical Company, Sunoco, Exxon Mobil Corporation, DuPont de Nemours, Inc., BASF SE, Dow, Clariant, Cepsa, Idemitsu Kosan Co.,Ltd., BP p.l.c., Merck KGaA,  ,Liaoning Yufeng Chemical Co. ltd., PTT Global Chemical Public Company Limited, REE ATHARVA LIFESCIENCE PVT. LTD, Reliance Industries Limited, SHCHEKINOAZOT and others

Key Insights in the report:

·        Complete and distinct analysis of the market drivers and restraints

·        Key market players involved in this industry

·        Detailed analysis of the market segmentation

·        Competitive analysis of the key players involved

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Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a six-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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