Methylcyclohexane Market Scope
Over the past few decades, increasing applications of methylcyclohexane in the automobile and consumer electronics applications has upsurged business growth. Methylcyclohexane is an organic colorless saturated hydrocarbon with the faint petroleum-like smell. It has replaced the uses of a number of hazardous chemicals including toluene and trichloroethane in various applications. It is used as a dye solvent in optical disc manufacturing, solvent for adhesives, paints, and inks. Moreover, it caters numerous applications such as laboratory chemicals, machinery manufacturing and repair, rubber manufacturing, and nylon production and many others.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Chevron Phillips Chemical (United States), Merck KGaA (Germany), Total S.A. (France), Huntsman Corporation (United States), Maruzen Petrochemical Co., Ltd. (Japan), SK Chemicals (South Korea), TASCO Group (Taiwan), Yangnong Apartment (China), Yueyang Changde Chemical Industry Co. Ltd (China) and Yueyang Baling Huaxing Petrochemical Co. Ltd. (China) |
CAGR | 5.7% |
"According to AMA, the Global Methylcyclohexane market is expected to see growth rate of 5.7% and may see market size of USD79.45 Million by 2030." Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Methylcyclohexane market throughout the predicted period.
Chevron Phillips Chemical (United States), Merck KGaA (Germany), Total S.A. (France), Huntsman Corporation (United States), Maruzen Petrochemical Co., Ltd. (Japan), SK Chemicals (South Korea), TASCO Group (Taiwan), Yangnong Apartment (China), Yueyang Changde Chemical Industry Co. Ltd (China) and Yueyang Baling Huaxing Petrochemical Co. Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Restek Corporation (United States) and TCI Chemicals (India) Pvt. Ltd. (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Methylcyclohexane market by Type , by Application (Rubber, Coating, Organic Synthesis, Adhesive & Sealants, Plastic Products, Chromatographic Analysis and Others) and Region with country level break-up.
On the basis of geography, the market of Methylcyclohexane 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In February 2024, QatarEnergy announced that an official groundbreaking ceremony kicked off construction of the Ras Laffan Petrochemical Complex, one of the largest manufacturing complexes in the world.
In May 2022, Chiyoda Corporation innovatively designed a LOHC system employing a sulfated Pt nanoparticle catalyst, showcasing the viability of utilizing methylcyclohexane (MCH) in hydrogen storage and transportation. Additionally, a compact multifunctional Pd/alumina hollow fiber membrane reactor (HFMR) is employed for catalytic dehydrogenation, converting MCH into toluene efficiently.
Influencing Trend:
Introduction to Methylcyclohexane in Chromatographic Analysis
Market Growth Drivers:
Upsurging Adoption of Methylcyclohexane in numerous End-Use Applications such as Organic Synthesis and Growing Demand from Adhesives, and Paints Manufacturing
Challenges:
Stringent Government Regulations on Chemical Manufacturing Firms and Inflammable Nature Increases Distribution and Transportation Complexities
Restraints:
Volatile Raw Material Prices might Increase Supply Demand Instability and Highly Inflammable Nature of Hexahydrotoluene will Increase Manufacturing Complexities
Opportunities:
Increasing Demand for Methylcyclohexane from Construction Industry and Growing Awareness about Chemical Synthesis Chemicals from Untapped Regions
Key Target Audience
Methylcyclohexane Manufacturers, Methylcyclohexane Distributors and Suppliers, Methylcyclohexane International Traders, Research and Development Industry Associations, Chemical Industry Associations, Government Agencies, Upstream and Downstream Buyers and Others