Global Cyclohexane Market - Segmented by Product, End-Use Industries, Application, and Geography – Growth, Trends, and Forecasts (2017 - 2022)
The market is expected to value at USD XX million in 2017 and is projected to reach USD XX million by 2022, registering a CAGR of XX%, during 2017-2022 (the forecast period).Cyclohexane, a colorless, flammable liquid, and insoluble in water, is mainly used for the industrial production of caprolactam and adipic acid, which are intermediaries for the production of nylon.
Market Dynamics:The demand for caprolactam and adipic acid for the manufacture nylon 66 fibers and resins is growing. This demand growth is expected to drive the market for cyclohexane during 2017-2022 (the forecast period). An increasing demand for caprolactam from the new electronics industry, and for engineering applications, along with the shift from phenol to cyclohexane, are the factors expected to boost the industry. However, stringent government regulations and the decelerating demand for nylons that were used in fiber applications, in the United States and Western Europe, are expected pose restrain the growth of the industry. The growing demand for bio-based adipic acids, over conventional petroleum-based, may also have a negative impact on the industry.
Market Segmentation:The market has been segmented on the basis of product, end-use industries, application, and region. Based on product type, the market has been segmented into industrial grade, and reagent grade. The market, based on end-use industries, has been segmented into paints & coatings, automotive, textile, construction, and others. Based on application type, the market has been segmented into adipic acid and caprolactam. In 2017, caprolactam segment is expected to dominate the market with a share of XX%.Geographically, the market has been segmented into North America, South America, Middle East & Africa, Europe, and Asia-Pacific. In 2017, Asia-Pacific is expected to dominate the market with a share of XX%, owing to the rising phenol consumption in China.
Opportunities and Major Players:Technological developments, due to the growing construction, transportation, and automotive sectors, increasing investments, and demand for nylon are the factors creating opportunities to the cyclohexane market. The increase in investments and the growing demand for nylon-6, 6 in developing countries, such as Saudi Arabia, China, and India, are expected to accelerate the cyclohexane market growth, during 2017-2022 (the forecast period).
Major Players in the Global Market Include:
• Huntsman Corporation
• ExxonMobil Corporation
• Chevron Corporation
• Sunoco Chemicals
Key Deliverables in the Study
• Market analysis, with country-specific assessments and competition analysis on the global scale
• Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
• Extensively researched competitive landscape section with profiles of major companies, along with their market share
• Identification and analysis of the macro and micro factors that affect the cyclohexane market on the global level
• A comprehensive list of key market players, along with the analysis of their current strategic interests and key financial information