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Cyclohexane Market Trends, Growth, Industry & Revenue [2031]
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Cyclohexane Market Trends, Growth, Industry & Revenue [2031]

Segments - Cyclohexane Market by End-users (Paints & Coatings, Textile, Construction, Automotive, and Others), Applications (Caprolactam, Adipic Acid, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-4379 | 4.7 Rating | 71 Reviews | 210 Pages | Format : PDF Excel PPT

Report Description


Cyclohexane Market Outlook 2031:

The global cyclohexane market size was valued at USD 23.50 Billion in 2022 and is projected to reach USD 38.05 Billion by 2031, expanding at a CAGR of 5.5% during the forecast period 2023 - 2031. The growth of the market is attributed to increased production capacity for Nylon 6 and increased demand of caprolactam for engineering resins.

Cyclohexane Market Outlook

Cyclohexane is a flammable, colorless, volatile liquid hydrocarbon with the chemical formula C6H12 that is mostly produced from benzene hydrogenation. It is primarily utilized in the production of caprolactam and adipic acid, both of which may be used to make nylon. Resin, paint, and varnish may all be dissolved with cyclohexane.

Moreover, Nylon 6 is made through caprolactam polymerization, whereas Nylon 6,6 is made from adipic acid and hexamethylenediamine polymerization. The most prevalent industrial grade of nylon is Nylon 6. It has a reputation for being a robust, abrasion-resistant material with high tensile strength.

Nylon 6 resins are employed in a variety of automobile applications, including seat filling and upholstery. Nylon filaments can also be used to make passenger safety belts in vehicles, hoses, and other items. Rubbers in tires are also reinforced using multifilament nylon strands.

The COVID-19 pandemic had a negative impact on the market in 2020. During the pandemic scenario, car manufacture and construction were temporarily halted during the lockdown to prevent the COVID-19 virus from spreading.

The cyclohexane and its derivatives, such as nylon 6,6 -based items and nylon 6, such as passenger safety belts, hoses, ropes, carpeting fabric, and plastic vehicle components, have seen a drop in demand as a result of the shutdown. For example, worldwide vehicle output fell 15.8 percent in 2020 compared to 2019.

  • Use of bio-based raw materials for the manufacturing, and the depletion of non-renewable resources drives the market growth during the forecast period.
  • Tight regulations on VOC-emitting chemicals is likely to propel the market expansion in the coming years.
  • Use of phenol in caprolactam manufacturing is a major hurdle that can hamper the market growth during the projected period.
  • These materials are petrochemical downstream products and unpredictable raw material costs can hinder the market expansion.
  • Increasing Nylon 66 investments in emerging countries such as China, India, and Saudi Arabia creates lucrative opportunities for the market growth.

Scope of the Cyclohexane Market Report

The report on the global cyclohexane market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Cyclohexane Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

End-users (Paints & Coatings, Textile, Construction, Automotive, and Others) and Applications (Caprolactam, Adipic Acid, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

BASF SE; Chevron Phillips Chemical Company LLC; Exxon Mobil Corporation; Merck KGaA; and Cepsa

Cyclohexane Market Segment Insights

Textile segment to expand at a considerable CAGR

On the basis of end-users, the cyclohexane market is segmented into paints & coatings, textile, construction, automotive, and others. The textile segment is projected to expand at a considerable CAGR during the forecast period due to its excellent properties such as high tensile strength and low coefficient of friction for various applications in the textile products.

On the other hand, the construction and automotive segment is anticipated to account for a major market share during the forecast period owing to features it provides including chemicals, heat, and abrasion, which are widely useful for the construction activities and automotive products as well.

Cyclohexane Market End User

Caprolactam segment to hold a significant share of the market

In terms of applications, the market is divided into caprolactam, adipic acid, and others. The caprolactam segment is expected to hold a significant share of the market during the forecast period ascribed to rising demand for nylon 6 in various end-use industries.

However, the adipic acid segment is projected to account for a significant market share as it is mostly utilized in the manufacture of nylon 66.

Cyclohexane Market Application

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the cyclohexane market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to the high demand for caprolactam.

China is one of the largest market in Asia Pacific for cyclohexane and the rapid development of caprolactam production plants in China present another key factor boosting the regional market. However, the market of North America is anticipated to expand at a rapid pace during the forecast period due to the growing use of nylon goods as catalysts among several end-users based in the region.

Cyclohexane Market Region

Segments

The global cyclohexane market has been segmented on the basis of

End-users

  • Paints & Coatings
  • Textile
  • Construction
  • Automotive
  • Others

Applications

  • Caprolactam
  • Adipic Acid
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global cyclohexane market are BASF SE; Chevron Phillips Chemical Company LLC; Exxon Mobil Corporation; Merck KGaA; and Cepsa.

Several market development strategies such as mergers and acquisitions are being adopted by various players in an attempt to diversify application portfolios and increase market share. Moreover, application development and customized applications are considered to be crucial parameters for market competition.

Cyclohexane Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cyclohexane Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Cyclohexane Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Cyclohexane Market - Supply Chain
  4.5. Global Cyclohexane Market Forecast
     4.5.1. Cyclohexane Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Cyclohexane Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Cyclohexane Market Absolute $ Opportunity
5. Global Cyclohexane Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Cyclohexane Market Size and Volume Forecast by Applications
     5.3.1. Caprolactam
     5.3.2. Adipic Acid
     5.3.3. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Cyclohexane Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Cyclohexane Market Size and Volume Forecast by End Users
     6.3.1. Paints & Coatings
     6.3.2. Textile
     6.3.3. Construction
     6.3.4. Automotive
     6.3.5. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Cyclohexane Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Cyclohexane Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Cyclohexane Demand Share Forecast, 2019-2026
8. North America Cyclohexane Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Cyclohexane Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Cyclohexane Market Size and Volume Forecast by Applications
     8.4.1. Caprolactam
     8.4.2. Adipic Acid
     8.4.3. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Cyclohexane Market Size and Volume Forecast by End Users
     8.7.1. Paints & Coatings
     8.7.2. Textile
     8.7.3. Construction
     8.7.4. Automotive
     8.7.5. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Cyclohexane Demand Share Forecast, 2019-2026
9. Latin America Cyclohexane Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Cyclohexane Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Cyclohexane Market Size and Volume Forecast by Applications
     9.4.1. Caprolactam
     9.4.2. Adipic Acid
     9.4.3. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Cyclohexane Market Size and Volume Forecast by End Users
     9.7.1. Paints & Coatings
     9.7.2. Textile
     9.7.3. Construction
     9.7.4. Automotive
     9.7.5. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Cyclohexane Demand Share Forecast, 2019-2026
10. Europe Cyclohexane Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Cyclohexane Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Cyclohexane Market Size and Volume Forecast by Applications
     10.4.1. Caprolactam
     10.4.2. Adipic Acid
     10.4.3. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Cyclohexane Market Size and Volume Forecast by End Users
     10.7.1. Paints & Coatings
     10.7.2. Textile
     10.7.3. Construction
     10.7.4. Automotive
     10.7.5. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Cyclohexane Demand Share Forecast, 2019-2026
11. Asia Pacific Cyclohexane Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Cyclohexane Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Cyclohexane Market Size and Volume Forecast by Applications
     11.4.1. Caprolactam
     11.4.2. Adipic Acid
     11.4.3. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Cyclohexane Market Size and Volume Forecast by End Users
     11.7.1. Paints & Coatings
     11.7.2. Textile
     11.7.3. Construction
     11.7.4. Automotive
     11.7.5. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Cyclohexane Demand Share Forecast, 2019-2026
12. Middle East & Africa Cyclohexane Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Cyclohexane Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Cyclohexane Market Size and Volume Forecast by Applications
     12.4.1. Caprolactam
     12.4.2. Adipic Acid
     12.4.3. Others
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Cyclohexane Market Size and Volume Forecast by End Users
     12.7.1. Paints & Coatings
     12.7.2. Textile
     12.7.3. Construction
     12.7.4. Automotive
     12.7.5. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Cyclohexane Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Cyclohexane Market: Market Share Analysis
  13.2. Cyclohexane Distributors and Customers
  13.3. Cyclohexane Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. BASF SE
     13.4.2. Chevron Phillips Chemical Company LLC
     13.4.3. Exxon Mobil Corporation
     13.4.4. Merck KGaA
     13.4.5. Cepsa

Methodology

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