Cyclohexanone

Global Cyclohexanone Market to Reach US$9.5 Billion by 2030

The global market for Cyclohexanone estimated at US$7.6 Billion in the year 2024, is expected to reach US$9.5 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2024-2030. Caprolactam, one of the segments analyzed in the report, is expected to record a 3.7% CAGR and reach US$6.3 Billion by the end of the analysis period. Growth in the Adipic Acid segment is estimated at 4.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$514.4 Million While China is Forecast to Grow at 4.6% CAGR

The Cyclohexanone market in the U.S. is estimated at US$514.4 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2030 trailing a CAGR of 4.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.3% and 3.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.0% CAGR.

Global Cyclohexanone Market - Key Trends & Drivers Summarized

Cyclohexanone is a colorless, oily liquid with a distinctive acetone-like odor, primarily used as an industrial chemical. It serves as a crucial intermediate in the production of nylon, particularly in the synthesis of adipic acid and caprolactam, which are key components of nylon 6 and nylon 66. Beyond its role in the nylon industry, cyclohexanone is also employed as a solvent in various applications, including paints, coatings, adhesives, and inks, due to its effective dissolving properties and compatibility with numerous substances. Its versatility extends to use in the pharmaceutical and agrochemical sectors, where it functions as a precursor in the synthesis of several active ingredients and pesticides.

The production and consumption of cyclohexanone are closely linked to the demand for nylon, which finds extensive application in the automotive, textile, and packaging industries. The automotive sector, in particular, relies on nylon for the manufacture of lightweight, durable components that enhance fuel efficiency and performance. The textile industry uses nylon fibers in clothing, carpets, and industrial fabrics, while the packaging industry benefits from nylon’s strength and resistance to chemicals. Innovations in production processes, such as more efficient catalytic oxidation methods, have improved the yield and environmental sustainability of cyclohexanone manufacturing, addressing both economic and regulatory pressures.

The growth in the cyclohexanone market is driven by several factors. Firstly, the expanding automotive and textile industries are increasing the demand for nylon, thereby boosting the need for cyclohexanone as a key intermediate. Secondly, advancements in production technologies are enhancing the efficiency and sustainability of cyclohexanone manufacturing. Thirdly, the growing use of cyclohexanone as a solvent in various industrial applications is contributing to its market expansion. Lastly, the development of new applications in pharmaceuticals and agrochemicals is opening up additional avenues for cyclohexanone consumption. These factors collectively ensure the robust growth and diversification of the cyclohexanone market.

 

SCOPE OF STUDY:

The report analyzes the Cyclohexanone market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Caprolactam, Adipic Acid, Solvents, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 71 Featured) -

• BASF SE
• Asahi Kasei Corporation
• Chevron Phillips Chemical Company LLC
• Alfa Aesar
• Ascend Performance Materials LLC
• Axens SA
• Clariant AG
• Clp International Pte. Limited
• AdvanSix, Inc.
• Arihant Chemical
• BariteWorld
• ALPHA CHEMIKA
• CEPSA (Compania Espanola de Petroleos SAU)
• Corechem Inc.
• AquaPhoenix Scientific, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.