Global Cyclohexane Market: Information by Application (Nylon 6, Nylon 66, Polyester Polyol, and Others), by End Use (Construction, Aerospace & Defense, Textiles, Automotive, Electrical & Electronics, and Others), by Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa)—Forecast till 2027
ID: MRFR/CnM/0584-HCR | February 2021 | Region: Global | 144 pages
Market Overview:
Cyclohexane is a flammable, and colorless liquid. It is produced by catalytic hydrogenation of benzene, and it is mainly used in the production of adipic acid and caprolactam. The increasing demand for nylon products in engineering plastics serves as a major boost for the cyclohexane industry. Over 50% of adipic acid is used to produce nylon six, while caprolactam is used to manufacture nylon 66 materials. These materials are primarily used to produce fibers, thermoplastics, plasticizers, and polyesters. Cyclohexane is produced through hydrogenation of benzene. Meanwhile, the benzene market is accounted to have a value of over 55 million tons in 2018 with a growth rate of over 4.5%. Thus, the strong application outlook of benzene along with the growing application of benzene as a feedstock to produce these chemicals is expected to boost the cyclohexane market during the forecast period.
The cyclohexane market is expected to be driven by the increasing demand for caprolactam and adipic acid. The wide range of adipic acid application in manufacturing automotive fabrics and components is expected to make major inroads in the cyclohexane market share. Furthermore, demand for cyclohexane is predicted to witness significant growth over the assessment period due to surging oil & gas industry. Benzene is the raw material used to produce cyclohexane. Rising crude oil refining processes across the globe are anticipated to drive the cyclohexane market because benzene is the byproduct produced during the refining process. Increasing automobile production and sales along with rising consumption of nylon-based light weighted automotive parts are estimated to fuel the growth of the market.
Furthermore, electrification can be a solution for air pollution and air quality and can support the decarbonization of electricity generation is helping the world meet its energy needs with less carbon is encouraging the nylon-based insulation materials market. This, in turn, is predicted to propel the growth of the cyclohexane market during the assessment period owing to new regulations and policies on controlling greenhouse gas emissions. However, implementation of strict regulations by various government bodies such as the United States Environmental Protection Agency, Tracking California, and others have restricted the use of cyclohexane due to the air pollution caused by manufacturing industries, which is likely to hamper the growth of the market.
Global Cyclohexane Market Share, By End-Use Industry, 2018 (%)
Source: MRFR Analysis
Regional Analysis:
The global cyclohexane market has been studied across five key regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. Based on market value share, Asia-Pacific is estimated to hold more than one-third of the global market share and is expected to continue the dominance throughout the forecast period on account of expanding oil & gas industry.
Additionally, the increasing growth of the automotive and construction industry in the developing economies of Asia-Pacific such as India and other South East Asian countries is expected to propel the growth for cyclohexane market during the forecast period. According to the India Brand Equity Foundation (IBEF), Government of India, the construction industry of India is anticipated to grow at a CAGR of 10.5% and is expected to reach over USD 215 billion by 2020.
Furthermore, investments by various financial institution and other government agencies is expected to boost the market in the region. The Building and Construction Authority (BCA) of Singapore, in 2018, announced the growth of USD 23.48 billion by the end of 2019. Owing to these factors, the cyclohexane market is expected to propel during the forecast period.
The North America cyclohexane market is projected to witness rapid growth due to high consumption potential, increasing production capacities, and rising economic growth rate. In the North American region, the US is predicted to be the major contributor to the regional growth of cyclohexane market and is expected to see a significant demand for cyclohexane during the forecast period of 2017 to 2023. As of 2016, the US accounted for the largest market share and is followed by Canada in terms of value & volume and is estimated to grow at the moderate CAGR owing to its end use in manufacturing flexible foams for the construction industry. In Europe, the demand for cyclohexane is predicted to grow in various countries such as Italy, Germany, Spain, the UK, France, and Russia due to increased expenditure in automobiles sector owing to its end use in manufacturing automotive parts and coupled with the growing purchasing power of consumers. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness declined growth owing to a financial crisis where their debts have crossed the incomes. Whereas in Mexico, increasing consumer spending on passenger cars as well as the involvement of new technologies and inventions in cyclohexane are anticipated to fuel the market growth.
Segmentation Analysis:
The global cyclohexane market has been segmented based on application, end-use industry, and region.
On the basis of application, the global cyclohexane market has been categorized into nylon 6, nylon 66, polyester polyol, and others.
By end-use industry, the global cyclohexane market has been divided into construction, defense, textiles, automobile, electrical & electronics, and others.
The global cyclohexane market, by region, has been segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Key players:
Some of the key players operating in the global cyclohexane market are Reliance Industries Limited (India), BASF (Germany), The Dow Chemical Company (US), Chevron Phillips Chemical Company (US), Clariant (Switzerland), China Petroleum & Chemical Corporation (China), CEPSA (Spain), Idemitsu Kosan Co., Ltd (Japan), CITGO Petroleum Corporation (US), and BP Refining & Petrochemicals GmbH (Germany).
Target Audience:
- Cyclohexane manufacturers
- Traders and distributors of cyclohexane
- Production process industries
- Potential investors
- Raw material suppliers
- Nationalized laboratory
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2027: Significant Value |
| CAGR | 2019-2023: Substantial CAGR |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application, End-ser |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Reliance Industries Limited (India), BASF (Germany), The Dow Chemical Company (US), Chevron Phillips Chemical Company (US), Clariant (Switzerland), China Petroleum & Chemical Corporation (China), CEPSA (Spain), Idemitsu Kosan Co., Ltd (Japan), CITGO Petroleum Corporation (US), and BP Refining & Petrochemicals GmbH (Germany). |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Drivers |
|
TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics of Global Cyclohexane Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Technology
5 Market Factor Analysis of Global Cyclohexane Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
5.1.4 End User
5.2 Porter’s Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Buyers
5.2.3 Bargaining Power of Suppliers
5.2.4 Threat of Substitutes
5.2.5 Intensity of Competitive Rivalry
5.3 Pricing Analysis
6. Global Cyclohexane Market, by Application
6.1 Introduction
6.2 Nylon 6
6.2.1 Market Estimates & Forecast, 2020-2027
6.2.2 Market Estimates & Forecast, by Region, 2020-2027
6.3 Nylon 66
6.3.1 Market Estimates & Forecast, 2020-2027
6.3.2 Market Estimates & Forecast, by Region, 2020-2027
6.4 Polyester Polyol
6.4.1 Market Estimates & Forecast, 2020-2027
6.4.2 Market Estimates & Forecast, by Region, 2020-2027
6.5 Others
6.5.1 Market Estimates & Forecast, 2020-2027
6.5.2 Market Estimates & Forecast, by Region, 2020-2027
7. Global Cyclohexane Market, by End-Use Industry
7.1 Introduction
7.2 Construction
7.2.1 Market Estimates & Forecast, 2020-2027
7.2.2 Market Estimates & Forecast, by Region, 2020-2027
7.3 Aerospace & Defense
7.3.1 Market Estimates & Forecast, 2020-2027
7.3.2 Market Estimates & Forecast, by Region, 2020-2027
7.4 Textiles
7.4.1 Market Estimates & Forecast, 2020-2027
7.4.2 Market Estimates & Forecast, by Region, 2020-2027
7.5 Automotive
7.5.1 Market Estimates & Forecast, 2020-2027
7.5.2 Market Estimates & Forecast, by Region, 2020-2027
7.6 Electrical & Electronics
7.6.1 Market Estimates & Forecast, 2020-2027
7.6.2 Market Estimates & Forecast, by Region, 2020-2027
7.7 Others
7.7.1 Market Estimates & Forecast, 2020-2027
7.7.2 Market Estimates & Forecast, by Region, 2020-2027
8. Global Cyclohexane Market, by Region
8.1 Introduction
8.2 North America
8.2.1 Market Estimates & Forecast, 2020-2027
8.2.2 Market Estimates & Forecast, by Application, 2020-2027
8.2.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.2.4 US
8.2.4.1 Market Estimates & Forecast, 2020-2027
8.2.4.2 Market Estimates & Forecast, by Application, 2020-2027
8.2.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.2.5 Canada
8.2.5.1 Market Estimates & Forecast, 2020-2027
8.2.5.2 Market Estimates & Forecast, by Application, 2020-2027
8.2.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.3 Europe
8.3.1 Market Estimates & Forecast, 2020-2027
8.3.2 Market Estimates & Forecast, by Application, 2020-2027
8.3.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.3.4 Germany
8.3.4.1 Market Estimates & Forecast, 2020-2027
8.3.4.2 Market Estimates & Forecast, by Application, 2020-2027
8.3.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.3.5 France
8.3.5.1 Market Estimates & Forecast, 2020-2027
8.3.5.2 Market Estimates & Forecast, by Application, 2020-2027
8.3.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.3.6 Italy
8.3.6.1 Market Estimates & Forecast, 2020-2027
8.3.6.2 Market Estimates & Forecast, by Application, 2020-2027
8.3.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.3.7 Spain
8.3.7.1 Market Estimates & Forecast, 2020-2027
8.3.7.2 Market Estimates & Forecast, by Application,2020-2027
8.3.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.3.8 UK
8.3.8.1 Market Estimates & Forecast, 2020-2027
8.3.8.2 Market Estimates & Forecast, by Application,2020-2027
8.3.8.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.3.9 Russia
8.3.9.1 Market Estimates & Forecast, 2020-2027
8.3.9.2 Market Estimates & Forecast, by Application,2020-2027
8.3.9.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.3.10 Poland
8.3.10.1 Market Estimates & Forecast, 2020-2027
8.3.10.2 Market Estimates & Forecast, by Application, 2020-2027
8.3.10.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.3.11 Rest of Europe
8.3.11.1 Market Estimates & Forecast, 2020-2027
8.3.11.2 Market Estimates & Forecast, by Application, 2020-2027
8.3.11.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.4 Asia-Pacific
8.4.1 Market Estimates & Forecast, 2020-2027
8.4.2 Market Estimates & Forecast, by Application, 2020-2027
8.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.4.4 China
8.4.4.1 Market Estimates & Forecast, 2020-2027
8.4.4.2 Market Estimates & Forecast, by Application, 2020-2027
8.4.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.4.5 India
8.4.5.1 Market Estimates & Forecast, 2020-2027
8.4.5.2 Market Estimates & Forecast, by Application, 2020-2027
8.4.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.4.6 Japan
8.4.6.1 Market Estimates & Forecast, 2020-2027
8.4.6.2 Market Estimates & Forecast, by Application, 2020-2027
8.4.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.4.7 Australia & New Zealand
8.4.7.1 Market Estimates & Forecast, 2020-2027
8.4.7.2 Market Estimates & Forecast, by Application, 2020-2027
8.4.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.4.8 Rest of Asia-Pacific
8.4.8.1 Market Estimates & Forecast, 2020-2027
8.4.8.2 Market Estimates & Forecast, by Application, 2020-2027
8.4.8.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.5 Middle East & Africa
8.5.1 Market Estimates & Forecast, 2020-2027
8.5.2 Market Estimates & Forecast, by Application, 2020-2027
8.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.5.4 GCC
8.5.4.1 Market Estimates & Forecast, 2020-2027
8.5.4.2 Market Estimates & Forecast, by Application, 2020-2027
8.5.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.5.5 Israel
8.5.5.1 Market Estimates & Forecast, 2020-2027
8.5.5.2 Market Estimates & Forecast, by Application, 2020-2027
8.5.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.5.6 North Africa
8.5.6.1 Market Estimates & Forecast, 2020-2027
8.5.6.2 Market Estimates & Forecast, by Application, 2020-2027
8.5.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.5.7 Turkey
8.5.7.1 Market Estimates & Forecast, 2020-2027
8.5.7.2 Market Estimates & Forecast, by Application, 2020-2027
8.5.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.5.8 Rest of Middle East & Africa
8.5.8.1 Market Estimates & Forecast, 2020-2027
8.5.8.2 Market Estimates & Forecast, by Application, 2020-2027
8.5.8.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.6 Latin America
8.6.1 Market Estimates & Forecast, 2020-2027
8.6.2 Market Estimates & Forecast, by Application, 2020-2027
8.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.6.4 Brazil
8.6.4.1 Market Estimates & Forecast, 2020-2027
8.6.4.2 Market Estimates & Forecast, by Application, 2020-2027
8.6.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.6.5 Argentina
8.6.5.1 Market Estimates & Forecast, 2020-2027
8.6.5.2 Market Estimates & Forecast, by Application, 2020-2027
8.6.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.6.6 Mexico
8.6.6.1 Market Estimates & Forecast, 2020-2027
8.6.6.2 Market Estimates & Forecast, by Application, 2020-2027
8.6.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
8.6.7 Rest of Latin America
8.6.7.1 Market Estimates & Forecast, 2020-2027
8.6.7.2 Market Estimates & Forecast, by Application, 2020-2027
8.6.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027
9. Company Landscape
9.1 Introduction
9.2 Market Strategy
9.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)
10. Company Profiles
10.1 Reliance Industries Limited
10.1.1 Company Overview
10.1.2 Financial Updates
10.1.3 Product/Business Segment Overview
10.1.4 Strategy
10.1.5 Key Developments
10.1.6 SWOT Analysis
10.2 BASF SE
10.2.1 Company Overview
10.2.2 Financial Updates
10.2.3 Product/Business Segment Overview
10.2.4 Strategy
10.2.5 Key Developments
10.2.6 SWOT Analysis
10.3 DowDuPont, Inc.
10.3.1 Company Overview
10.3.2 Financial Updates
10.3.3 Product/Business Segment Overview
10.3.4 Strategy
10.3.5 Key Developments
10.3.6 SWOT Analysis
10.4 Chevron Phillips Chemical Company
10.4.1 Company Overview
10.4.2 Financial Updates
10.4.3 Product/Business Segment Overview
10.4.4 Strategy
10.4.5 Key Developments
10.4.6 SWOT Analysis
10.5 Clariant
10.5.1 Company Overview
10.5.2 Financial Updates
10.5.3 Product/Business Segment Overview
10.5.4 Strategy
10.5.5 Key Developments
10.5.6 SWOT Analysis
10.6 China Petroleum & Chemical Corporation
10.6.1 Company Overview
10.6.2 Financial Updates
10.6.3 Product/Business Segment Overview
10.6.4 Strategy
10.6.5 Key Developments
10.6.6 SWOT Analysis
10.7 CEPSA
10.7.1 Company Overview
10.7.2 Financial Updates
10.7.3 Product/Business Segment Overview
10.7.4 Strategy
10.7.5 Key Developments
10.7.6 SWOT Analysis
10.8 Idemitsu Kosan Co., Ltd
10.8.1 Company Overview
10.8.2 Financial Updates
10.8.3 Product/Business Segment Overview
10.8.4 Strategy
10.8.5 Key Developments
10.8.6 SWOT Analysis
10.9 CITGO Petroleum Corporation
10.9.1 Company Overview
10.9.2 Financial Updates
10.9.3 Product/Business Segment Overview
10.9.4 Strategy
10.9.5 Key Developments
10.9.6 SWOT Analysis
10.10 BP Refining & Petrochemicals GmbH
10.10.1 Company Overview
10.10.2 Financial Updates
10.10.3 Product/Business Segment Overview
10.10.4 Strategy
10.10.5 Key Developments
10.10.6 SWOT Analysis
11. Conclusion
LIST OF TABLES
Table 1 Global Cyclohexane Market: by Region, 2020-2027
Table 2 North America: Cyclohexane Market, by Country, 2020-2027
Table 3 Europe: Cyclohexane Market, by Country, 2020-2027
Table 4 Asia-Pacific: Cyclohexane Market. by Country, 2020-2027
Table 5 Middle East & Africa: Cyclohexane Market, by Country, 2020-2027
Table 6 Latin America: Cyclohexane Market, by Country, 2020-2027
Table 7 Global Cyclohexane Application Market, by Regions, 2020-2027
Table 8 North America: Cyclohexane Application Market, by Country, 2020-2027
Table 9 Europe: Cyclohexane Application Market, by Country, 2020-2027
Table10 Asia-Pacific: Cyclohexane Application Market, by Country, 2020-2027
Table11 Middle East & Africa: Cyclohexane Application Market, by Country, 2020-2027
Table12 Latin America: Cyclohexane Application Market, by Country, 2020-2027
Table 13 Global Cyclohexane End-Use Industry Market, by Regions, 2020-2027
Table14 North America: Cyclohexane End-Use Industry Market, by Country, 2020-2027
Table15 Europe: Cyclohexane End-Use Industry Market, by Country, 2020-2027
Table16 Asia-Pacific: Cyclohexane End-Use Industry Market, by Country, 2020-2027
Table17 Middle East & Africa: Cyclohexane End-Use Industry Market, by Country, 2020-2027
Table18 Latin America: Cyclohexane by End-Use Industry Market, by Country, 2020 – 2027
Table19 Global Application Market, by Region, 2020-2027
Table20 Global End-Use Industry Market, by Region, 2020-2027
Table21 North America: Cyclohexane Market, by Country, 2020-2027
Table22 North America: Cyclohexane Market, by Application, 2020-2027
Table23 North America: Cyclohexane Market, by End-Use Industry, 2020-2027
Table24 Europe: Cyclohexane Market, by Country, 2020-2027
Table25 Europe: Cyclohexane Market, by Application, 2020-2027
Table26 Europe: Cyclohexane Market, by End-Use Industry, 2020-2027
Table27 Asia-Pacific: Cyclohexane Market, by Country, 2020-2027
Table28 Asia-Pacific: Cyclohexane Market, by Application, 2020-2027
Table29 Asia-Pacific: Cyclohexane Market, by End-Use Industry, 2020-2027
Table30 Middle East & Africa: Cyclohexane Market, by Country, 2020-2027
Table31 Middle East & Africa: Cyclohexane Market, by Application, 2020-2027
Table32 Middle East & Africa: Cyclohexane Market, by End-Use Industry, 2020-2027
Table33 Latin America: Cyclohexane Market, by Country, 2020-2027
Table34 Latin America: Cyclohexane Market, by Application, 2020-2027
Table35 Latin America: Cyclohexane Market, by End-Use Industry, 2020-2027
LIST OF FIGURES
FIGURE 1 Global Cyclohexane Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis of Global Cyclohexane Market
FIGURE 4 Value Chain of Global Cyclohexane Market
FIGURE 5 Share of Global Cyclohexane Market in 2020, by Country
FIGURE 6 Global Cyclohexane Market, 2020-2027,
FIGURE 7 Global Cyclohexane Market Size, by Application, 2020
FIGURE 8 Share of Global Cyclohexane Market, by Application, 2020-2027
FIGURE 9 Global Cyclohexane Market Size, by End-Use Industry, 2020
FIGURE10 Share of Global Cyclohexane Market, by End-Use Industry, 2020-2027