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 2021 – 2028
The global cyclohexane market size is expected to expand at a CAGR of 3.8% during the forecast period, 2021–2028. The growth of the market is attributed to increased production capacity for Nylon 6 and increased demand of caprolactam for engineering resins.
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.
Market Trends, Drivers, Restraints, and Opportunities
- 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 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.
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Attributes |
Details |
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Report Title |
Cyclohexane Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
End-users (Paints & Coatings, Textile, Construction, Automotive, and Others) and Applications (Caprolactam, Adipic Acid, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
BASF SE; Chevron Phillips Chemical Company LLC; Exxon Mobil Corporation; Merck KGaA; and Cepsa |
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.
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.
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.
Segments
The global cyclohexane market has been segmented on the basis ofEnd-users
- Paints & Coatings
- Textile
- Construction
- Automotive
- Others
- Caprolactam
- Adipic Acid
- Others
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- BASF SE
- Chevron Phillips Chemical Company LLC
- Exxon Mobil Corporation
- Merck KGaA
- Cepsa
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.
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 Adipic Acid 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 Textile Construction Automotive 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 Adipic Acid 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 Textile Construction Automotive 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 Adipic Acid 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 Textile Construction Automotive 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 Adipic Acid 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 Textile Construction Automotive 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 Adipic Acid 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 Textile Construction Automotive 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 Adipic Acid 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 Textile Construction Automotive 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 Chevron Phillips Chemical Company LLC Exxon Mobil Corporation Merck KGaA Cepsa
End-users
- Paints & Coatings
- Textile
- Construction
- Automotive
- Others
- Caprolactam
- Adipic Acid
- Others
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- BASF SE
- Chevron Phillips Chemical Company LLC
- Exxon Mobil Corporation
- Merck KGaA
- Cepsa
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.
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