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Cyclohexane Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI2646

Global cyclohexane market size is expected to witness commendable growth over 2021-2027. This is considering the escalating adoption of the compound as a raw material in the production of nylon intermediates and its rising application scope across the textile industry. Likewise, its emergence as an alternative to benzene, along with its increasing deployment in manufacturing cyclohexanone and cyclohexanol, which are used as precursors for producing caprolactam and adipic acid, will drive industry share. Cyclohexane, the cyclic form of hexane, refers to an alicyclic hydrocarbon consisting of a ring of six carbon atoms. It is a non-polar, flammable, colorless liquid with a detergent-like odor, which is used in varied solvent applications as well as the production of cyclohexanone and cyclohexanol for solvent use.
 

Growing investments in nylon facilities is among the key trends bolstering the overall cyclohexane market share over 2021-2027. In August 2021, Invista Nylon Chemicals Co announced plans to invest over $235 million to double the production of nylon 6,6 polymer at Shanghai Chemical Industry Park to meet the strong demand for engineering plastics in electrical and other industries. Developments like these are expected to enhance demand for cyclohexane considerably, given the product’s prominent role in nylon production. However, the rising concerns regarding cyclohexane hazards and VOCs’ impact on indoor air quality may create roadblocks to industry outlook over the forthcoming years.
 

The cyclohexane industry from the automotive end-user segment will depict a strong growth rate through 2027, driven by the high preference for personal mobility to safeguard against the COVID-19 infection. Moreover, the shift from car-pool services or public transport to personal vehicles is likely to translate into increased vehicle sales and in turn, stimulate industry dynamics, on account of the deployment of nylon 6 engineering resins in automotive components.
 

On the regional front, the Latin America cyclohexane market is expected to account for an appreciable share of the global industry by 2027. This can be credited to the strong focus on restructuring and reassessment of supply chains by textile and apparel manufacturers in the region. However, a decline in vehicle sales in countries like Brazil amid the coronavirus pandemic, despite production ramp-up, may pose challenges to the steady industry growth over the coming years. According to Anfavea, auto sales fell by 10.2% in September 2021 from August 2021 to 155,075 units, which could affect demand for nylon 6, and consequently the cyclohexane industry outlook.
 

The competitive landscape of the global cyclohexane industry comprises companies such as BASF, DSM, ExxonMobil, Sunoco Chemicals, Sinopec Limited (China Petrochemical Corporation), Chevron Philips, and Huntsman Corporation, among others. These firms are introducing new products and entering partnership and acquisition deals to reinforce their footprint across the global market.
 

Decline in Nylon 6 Textile Filament Consumption During COVID-19 to Impact Cyclohexane Market Trends:

The ongoing coronavirus outbreak has severely impacted the way of life, consumption habits, and spending power worldwide. Despite the steady revival of Asian countries from the pandemic towards the end of 2020, the consumption of nylon 6 textile filaments remained low in the region. Almost throughout the first quarter of 2021, this industry witnessed COVID-19-induced disruptions. These factors have hindered the cyclohexane industry outlook, given the significant role of the compound in the production of nylon 6 resins, films, and fibers. However, the industry may witness gradual recovery as the global economy regains its footing and supply chain activities normalize following setbacks from the pandemic.
 

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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