About Cyclohexane
Cycloalkane is a type of hydrocarbon with a ring structure, with the molecular formula C₆H₁₂. It is a colorless, flammable liquid with a distinctive detergent-like odor. It is a common organic solvent and is used in the production of nylon. The cyclohexane market is expected to witness steady growth due to the increasing demand for nylon and other applications. Focus on sustainable production and bio-based alternatives will be crucial for future growth. The cyclohexane market is expected to witness steady growth in the coming years, driven by the rising demand for its downstream products and the expanding petrochemical industry. However, addressing sustainability concerns and navigating volatile feedstock prices will be crucial for the market's long-term success.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The cyclohexane market is expected to see steady growth in the coming years, driven by the increasing demand for its derivatives in various end-use industries. The key players in the market are adopting various strategies to gain a competitive edge, and the market is expected to see continued consolidation. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Cyclohexane market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NSK Ltd. (Japan), NTN Corporation (Japan), JTEKT Corporation (Japan), BASF SE (Germany), Gujarat State Fertilizer & Chemicals Limited (India), Exxon Mobil Corporation (United States), Shell plc (Netherlands), Royal Dutch Cell (Netherland), China National Petroleum Corporation (China) and Saudi Aramco (Saudi Arabia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sinopec (China), LyondellBasell Industries Holdings B.V. (United States), Rapedoil (Spain), Mitsubishi Chemical Corporation (Japan) and Formosa Plastics Corporation (Taiwan).
Segmentation Overview
AMA Research has segmented the market of Global Cyclohexane market by , Application (Solvent, Adipic Acid, Caprolactam and Others) and Region.
On the basis of geography, the market of Cyclohexane has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Textiles will boost the Cyclohexane market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Industrial will boost the Cyclohexane market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapidly increasing demand for cyclohexane
Market Growth Drivers:
Increasing applications in solvents, adhesives, and electronic chemicals. and Rising of Petrochemical Industry
Challenges:
Stringent environmental regulations
Restraints:
Competition from substitutes such as toluene, xylene, and bio-based alternatives
Opportunities:
Advancements in production technologies and Expanding the use of bio-based cyclohexane for environmentally conscious consumers
Market Leaders and their expansionary development strategies
In May 2023, NSK Ltd. has joint venture agreement with Japan Industrial Solutions III Investment Limited Partnership. It is agreed that NSK Steering & Control, Inc, a consolidated subsidiary which controls NSK's global steering business, will issue class shares equivalent to 50.1% of voting rights of NS&C by way of third-party allotment.
In April 2023, LyondellBasell launched its Circulen brand of recycled and renewable polymers, including a cyclohexane-based product line. The Circulen products are made from post-consumer waste and bio-based feedstocks.
Key Target Audience
Pharmaceutical Companies, Manufacturers & Suppliers, Potential Investors, Market Research & Consultancy Firm and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.