Skip to main content

Cyclohexane Market Witness To High Growth, Trends, and Forecast 2017 - 2025


Cyclohexane is a cycloalkane which is manufactured by catalytic hydrogenation of benzene. Cyclohexane is insoluble in water and colorless in nature. It is a key element employed in the manufacturing of caprolactum and adipic acid, which are intermediates for manufacturing nylon. Cyclohexane is used to produce cyclohexanone and cyclohexanol for precursor usage. There are two processes through which cyclohexane can be manufactured, viz., hydrogenation of benzene and cracking of natural gasoline. Cyclohexane can also be employed as a solvent in chemical synthesis and reaction diluents. Cyclohexane is also utilized as a starting material for KA Oil and can be used as a substitute for benzene in some end-user applications. Cyclohexane is employed in various end-use industries such as paints & coating, automotive, textiles, construction, and thermoplastics.
In terms of application, the global cyclohexane market can be segmented into adipic acid, caprolactum, and others, which includes cyclohexane 1-2 diol and cyclohexanecarbolic acid. Caprolactum is anticipated to be a major application segment of the cyclohexane market during the forecast period due to the increasing demand for nylon 6 in various end-use industries. In terms of grade, the cyclohexane market can be segmented into reagent grade and industrial grade. Technology development coupled with rising investment in various end-use industries such as automotive, textile, and construction are expected to boost the demand for cyclohexane during the forecast period. Additionally, the rising demand for high performance thermoplastics that incorporate nylon as a base material due to its characteristics features such as high tensile strength, low coefficient of friction, and friction to chemical, heat, and abrasion is anticipated to propel the demand for cyclohexane in the near future.
The cyclohexane market was primarily driven by the increasing demand for adipic acid and caprolactum, which are key elements for manufacturing Nylon-6,6 and nylon 6, respectively. These fibers are majorly employed in the automotive and textile industries. Developing countries such as Saudi Arabia, India, and China are witnessing an increased investment and significant rise in demand for nylon-6,6. This, in turn, is likely to offer a considerable opportunity for the cyclohexane market. However, volatile raw material prices are likely to hamper the expansion of the market, as most of these materials are downstream products of petrochemicals. Depletion of non-renewable resources and stringent regulations on VOC-emitting compounds have encouraged various researchers as well as manufacturers to opt for bio-based raw materials for the production of cyclohexane, which is projected to further provide substantial opportunities for manufacturers in the near future.
In terms of demand, the countries in North America and Europe were the leading markets for cyclohexane. However, the financial downturn and Euro zone crisis, have hampered the expansion of the market in Europe. In North America, the U.S. is a leading consumer of cyclohexane, whereas China holds a prominent share of the cyclohexane market in Asia Pacific. Demand for cyclohexane is considerable in the region due to increasing disposable income and increasing FDI investment in the automotive and construction industries of the region. Demand for cyclohexane is likely to rise in the Middle East due to the increasing number of nylon polymer production facilities in the region. Regions such as Latin America and Central Europe are estimated to witness lower demand for cyclohexane due to low product awareness and capacity expansion. However, increasing investment and capacity expansion are anticipated to boost the demand for nylon 6, nylon-6,6, which in turn is likely to propel the cyclohexane market in these regions.
Key manufacturers operating in the cyclohexane market include Sunoco Chemicals, BASF SE, ExxonMobil Chemical, Cheveron Philips Chemical Company, and Huntsman Corporation.
Labels:
Location: Albany, NY 12207, USA

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a...
Post a Comment
Read more

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry ...
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid proto...
Post a Comment
Read more