Cyclohexane Market Is Expected To Reach USD 36.58 Billion By 2032.

0
1K

The global cyclohexane market size was USD 23.99 Billion in 2022 and is expected to reach USD 36.58 Billion in 2032, and register a revenue CAGR of 4.8% during the forecast period. Market revenue growth is primarily driven by rising demand for Nylon Fibers, resins, and Plasticizers across various end-use industries, including automotive, construction, packaging, and textiles. Cyclohexane is a colorless and flammable liquid, widely used as a solvent and a raw material for the production of Adipic Acid, which is further used for the production of nylon fibers, resins, and plasticizers.

The application of nylon in the making of automotive and transportation components is expected to impact the growth of the market significantly. Nylon is preferred in automotive applications, owing to its moldability, exceptional mechanical properties, and ease of secondary processing comprising vibration welding, a crucial process for manufacturing intake manifolds. Moreover, nylon is also used in the production of underhood parts, a vital application areas in fuel systems.

Additionally, coating a metal product with nylon has several advantages, including chemical resistance, fluid resistance, reduced heat conductivity, impact resistance, and hygienic surface, among others. Various firms opt to coat their metal products with nylon owing to the offering of an even, glossy finish along with the above-mentioned advantages.

Get a sample copy of the Cyclohexane Market report, visit:  https://www.reportsanddata.com/download-free-sample/2390

Further key findings from the report suggest

  • By manufacturing process, hydrogenation of benzene accounted for a larger market share in 2018, as the bulk of cyclohexane produced commercially is based on the catalytic hydrogenation of benzene owing to its ease of operation and high efficiency. The hydrogenation is performed using liquid or vapor-phase methods in a catalytic fixed bed or in the presence of a highly dispersed catalyst.
  • By application, caprolactam contributed to the largest market share in 2018 and is expected to grow at a rate of 4.7% in the forecast period. Caprolactam is an intermediate primarily used in the manufacturing of nylon-6 fibers and resins. About 70% of caprolactam is used in the production of nylon fibers for textile, carpet, and industrial yarns, while the remaining is used in engineering resins and films.
  • By industry vertical, the textile industry dominated the market in 2018 and is estimated to experience a growth rate of 3.9% in the period 2019-2027.
  • The market in the Asia Pacific region held the largest market share in 2018 and is anticipated to witness a CAGR of 5.3% in the forecast period. The market dominance of APAC is attributed to its high demand for caprolactam along with increased emphasis production of lightweight vehicles by the automotive companies.
  • Key participants include BASF SE, BP PLC, Sinopec Limited, Thermo Fisher Scientific Inc., Sigma-Aldrich Corporation, Idemitsu Kosan Company Ltd., Chevron Phillips Chemical Company LLC, China Petrochemical Development Company, Koninklijke DSM NV, and Reliance Industries Ltd., among others.

To know more about the latest insights of the report, visit: https://www.reportsanddata.com/request-latest-insight/2390

Fora vital application area this report, Reports and Data have segmented the global cyclohexane market on the basis of manufacturing process, application, industry vertical, and region:

Manufacturing Process Outlook

  • Hydrogenation of Benzene
  • Cracking of Gasoline

Application Outlook

  • Adipic Acid
  • Caprolactam
  • Others

Industry Vertical Outlook

  • Textile
  • Automotive
  • Paints and Coatings
  • Construction
  • Others

Regional Outlook

  • North America
    • U.S.
  • Europe
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • MEA

Explore Trending Reports:

Hot Melt Adhesives Market-https://bhagyashrishewale.blogspot.com/2023/06/hot-melt-adhesives-market-size-is.html

Polyferric Sulfate Market-https://bhagyashrishewale.blogspot.com/2023/06/polyferric-sulfate-market-research.html

Chromatography Resins Market-https://bhagyashrishewale.blogspot.com/2023/06/chromatography-resins-market-size-worth.html

Consumer Floriculture Market-https://bhagyashrishewale.blogspot.com/2023/06/consumer-floriculture-market-analysis.html

Industrial Tubes Market -https://bhagyashrishewale.blogspot.com/2023/06/industrial-tubes-market-size-worth-usd.html

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/2390

Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

About Reports and Data                                   

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @ https://www.reportsanddata.com/report

Browse Latest Blogs: https://www.reportsanddata.com/blogs

Browse Latest Press Release: https://www.reportsanddata.com/press-release

Căutare
Categorii
Citeste mai mult
Health
Anatomic Pathology Equipment & Supplies Market Size 2024, End-User Segment To Showcase Significant Growth Up To 2032
“Global Anatomic Pathology Equipment & Supplies Market size and share is...
By Stephanie Williams 2024-08-06 09:43:08 0 510
Alte
Emerging Trends in Bike Helmet Market: Demand and Forecast 2024-2030
MarkNtel Advisors recently published a detailed industry analysis of the Bike Helmet Market. The...
By Erik Johnson 2024-08-27 12:57:33 0 431
Alte
Temperature Sensors : A Look at the Industry's Current Status and Future Outlook
The latest and updated research report on the Global Temperature Sensors Market covers a...
By Raven Mark 2023-04-12 05:05:33 0 2K
Alte
Storage Prices of Casa Grande
What are the Cost Factors Determining Storage Prices Casa Grande Do you have an old car in your...
By Merrill Carrasco 2024-10-05 04:13:54 0 239
Alte
Automated Guided Vehicle Market Demand, Growth, Technology Trends, Key Findings And Forecasts By 2029
The Automated Guided Vehicle Market is expected to gain market growth in the forecast period of...
By Cam Fletcher 2023-04-05 11:53:16 0 2K