Cyclohexanone Market Research Report - Global Forecast Till 2027

Cyclohexanone Market Information by Application (Nylon, Paints, Lacquers & Metal Polishing, Herbicides & Insecticides, Pharmaceutical Drugs, and Others), End-Use Industry (Textile, Agriculture, Paints & Coatings, Healthcare, and Others), and Region (North America, Europe, Latin America, Asia-Pacific, and Middle East & Africa) - Forecast till 2027

ID: MRFR/CnM/6657-HCR | February 2021 | Region: Global | 140 pages

Please note that the assessment period of report has been updated from 2019-2024 to 2020-2027. Cordially fill the sample form for updated data.

Market Overview:


Cyclohexanone is an organic compound widely used as a solvent and is a colorless oil with acetone and peppermint-like odor. The compound is usually produced by oxidation of cyclohexane with cobalt catalyst in air, also by the partial hydrogenation of phenol. Cyclohexanone is a usually used to manufacture various precursors of nylon. Specifically, this compound is used to produce precursors of Nylon 6 and Nylon 6, 6. Nearly 96% of the cyclohexanone is used to produce nylon and as a chemical intermediate to produce caprolactam. According to the MRFR analysis, the caprolactam market is expected to reach over USD 26.4 billion by 2024, which is expected to boost the growth of the global cyclohexanone market during the forecast period. More than three-fourth of the production of cyclohexanone is based on cyclohexane, while the remaining percentage is on the basis of phenol. Other than its application as an intermediate to produce nylon, it is also applicable as a solvent for the paints, dyes, lacquers, and metal polishing. The cyclohexanone produced is majorly converted to adipic acid while the remaining part is converted to cyclohexanone oxime. These factors are expected fuel the growth of the global cyclohexanone market during the forecast period.


The growth of the global cyclohexanone market is majorly driven by the expanding nylon industry. The growing adoption of personal protective equipment and clothing has fueled the demand for nylon in recent years. Besides, the application of cyclohexanone in the manufacturing of Nylon 6 fibers and resins, is also expected to be one of the major drivers for the growth of the global cyclohexanone market during the forecast period. Nylon 6 offers excellent elasticity and strength, along with high chemical resistance for personal protective clothing and damage resistance from oils coupled with abrasion resistance. These properties have increased the utilization and consumption of cyclohexanone in nylon 6, which is used across a wide range of industries such as automotive, electrical & electronics, and textile. Nylon offers high-temperature resistance, while it can be dyed with various colors for aesthetic appeal. Nylon, besides its usage in the manufacturing of apparels is also used to produce ropes, fishing nets, and numerous sports equipment. With the growing commercial line of nylon in the global platform is expected to have a significant impact on the global market during the forecast period. According to the MRFR, the nylon 6 and 6, 6 markets by 2024 are expected to cross over 40 billion, as 96% of the cyclohexanone is used to produce nylon 6 and 6, 6, the global market for cyclohexanone is expected to gain major momentum during the forecast period. Additionally, high stocking up of raw materials for nylon 6 in recent years is expected to increase the prices over 2,500 USD/ton during the forecast period (2019 – 2024).


However, the high initial investment cost coupled with the growth of competition from other fiber types such as animal-based, plant-based, and mineral-based fiber is expected to hamper the growth of the global cyclohexanone market during the forecast period.


Global Cyclohexanone Market Share, By End-Use Industry, 2018 (%)


Global Cyclohexanone Market Share, By End-Use Industry, 2018


Source: MRFR Analysis


Regional Analysis:


The global cyclohexanone market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. Based on market volume share, Asia-Pacific held over 30% of the global cyclohexanone market share in 2018, and is expected to continue the dominance throughout the forecast period owing to the growing demand in the textile industry in Taiwan, Japan, and India coupled with the growth of the healthcare and the paints & coatings industries. The technical textile sector has expanded by 20% from 2017 in Asia and is further expected to grow at a significant rate according to the Ministry of Textiles, India. According to the India Brand Equity Foundation (IBEF), the textile exports is expected to capture over USD 86 billion by 2022, while the textile industry in India is expected grow over USD 300 billion by 2020. The high volume of production of finished products in China is further expected to boost the market in Asia-Pacific. Thus, owing to the rising per capita income, favorable demographics and a shift towards branded products is expected to boost the cyclohexanone market during the forecast period in Asia-Pacific. In North America, the textile industry is gaining traction, however in a static manner. The growth of polyesters in the North America market is a major threat to the growth of cyclohexanone in the region during the forecast period. The European and the Middle East & African markets are expected to register high CAGR due to the growing textile, agriculture, and healthcare industries. The market in Latin American is expected to grow mainly due to the growth in infrastructure development in the region and the use of paints, lacquers, and metal varnishes for construction and building purposes. Thus, these factors are expected to boost the cyclohexanone market in the respective regions.


Segmentation Analysis:


The global cyclohexanone market outlook has been segmented based on application, end-use industry, and region.


On the basis of application, the global cyclohexanone market report has been categorized into nylon, paints, lacquers & metal polishing, herbicides & insecticides, pharmaceutical drugs, and others.


By application, the global cyclohexanone market has been divided into textile, agriculture, paints & coatings, healthcare, and others.


The global cyclohexanone market report, 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 cyclohexanone market are Arkema (France), Eastman Chemical Company (US), Kawaguchi Chemical Co., Ltd (Japan), ACE CHEMICAL CORP (China), Keeneyes Inc. (China), Shanghai Mintchem Development Co, Ltd (China), Lanzhou Auxiliary Agent Plant Co., Ltd (China), Asahi Kasei Corporation (Japan), Sigma-Aldrich (US), and Henan Haofei Chemical Co, Ltd (China).


Target Audience:



  • Cyclohexanone manufacturers

  • Raw material suppliers

  • Distributors and suppliers of cyclohexanone

  • Potential investors

  • Research institutes

  • Government bodies



Frequently Asked Questions (FAQ) :


The cyclohexanone market is projected to grow at an 8.6% CAGR between 2017-2024.

The cyclohexanone market is predicted to touch USD 26.4 billion by 2024.

The APAC region is expected to command the largest share in the cyclohexanone market.

It has wide applications in herbicides, lacquers, paints, nylon, and others.

High initial investment may limit market growth.

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 Cyclohexanone 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 Cyclohexanone 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

5.2 Pricing Analysis

6. Global Cyclohexanone Market, by Application

6.1 Introduction

6.2 Nylon

6.2.1 Market Estimates & Forecast, 2020−2027

6.2.2 Market Estimates & Forecast, by Region, 2020−2027

6.3 Paints, Lacquers & Metal Polishing

6.3.1 Market Estimates & Forecast, 2020−2027

6.3.2 Market Estimates & Forecast, by Region, 2020−2027

6.4 Herbicides & Insecticides

6.4.1 Market Estimates & Forecast, 2020−2027

6.4.2 Market Estimates & Forecast, by Region, 2020−2027

6.5 Pharmaceutical Drugs

6.5.1 Market Estimates & Forecast, 2020−2027

6.5.2 Market Estimates & Forecast, by Region, 2020−2027

6.6 Others

6.6.1 Market Estimates & Forecast, 2020−2027

6.6.2 Market Estimates & Forecast, by Region, 2020−2027

7. Global Cyclohexanone Market, by End-Use Industry

7.1 Introduction

7.2 Textile

7.2.1 Market Estimates & Forecast, 2020−2027

7.2.2 Market Estimates & Forecast, by Region, 2020−2027

7.3 Agriculture

7.3.1 Market Estimates & Forecast, 2020−2027

7.3.2 Market Estimates & Forecast, by Region, 2020−2027

7.4 Paints & Coatings

7.4.1 Market Estimates & Forecast, 2020−2027

7.4.2 Market Estimates & Forecast, by Region, 2020−2027

7.5 Healthcare

7.5.1 Market Estimates & Forecast, 2020−2027

7.5.2 Market Estimates & Forecast, by Region, 2020−2027

7.6 Others

7.6.1 Market Estimates & Forecast, 2020−2027

7.6.2 Market Estimates & Forecast, by Region, 2020−2027

8. Global Cyclohexanone 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 Arkema

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 Eastman Chemical Company

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 Kawaguchi Chemical Co., Ltd.

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 ACE CHEMICAL CORP.

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 Keeneyes Inc

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 Shanghai Mintchem Development Co, Ltd

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 Lanzhou Auxiliary Agent Plant Co., Ltd

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 Asahi Kasei Corporation

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 Sigma-Aldrich

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 Henan Haofei Chemical Co, Ltd

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 Cyclohexanone Market: by Region, 2020−2027

Table 2 North America: Cyclohexanone Market, by Country, 2020−2027

Table 3 Europe: Cyclohexanone Market, by Country, 2020−2027

Table 4 Asia-Pacific: Cyclohexanone Market. by Country, 2020−2027

Table 5 Middle East & Africa: Cyclohexanone Market, by Country, 2020−2027

Table 6 Latin America: Cyclohexanone Market, by Country, 2020−2027

Table 7 Global Cyclohexanone Application Market, by Regions, 2020−2027

Table 8 North America: Cyclohexanone Application Market, by Country, 2020−2027

Table 9 Europe: Cyclohexanone Application Market, by Country, 2020−2027

Table10 Asia-Pacific: Cyclohexanone Application Market, by Country, 2020−2027

Table11 Middle East & Africa: Cyclohexanone Application Market, by Country, 2020−2027

Table12 Latin America: Cyclohexanone Application Market, by Country, 2020−2027

Table 13 Global Cyclohexanone End-Use Industry Market, by Regions, 2020−2027

Table14 North America: Cyclohexanone End-Use Industry Market, by Country, 2020−2027

Table15 Europe: Cyclohexanone End-Use Industry Market, by Country, 2020−2027

Table16 Asia-Pacific: Cyclohexanone End-Use Industry Market, by Country, 2020−2027

Table17 Middle East & Africa: Cyclohexanone End-Use Industry Market, by Country, 2020−2027

Table18 Latin America: Cyclohexanone 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: Cyclohexanone Market, by Country, 2020−2027

Table22 North America: Cyclohexanone Market, by Application, 2020−2027

Table23 North America: Cyclohexanone Market, by End-Use Industry, 2020−2027

Table24 Europe: Cyclohexanone Market, by Country, 2020−2027

Table25 Europe: Cyclohexanone Market, by Application, 2020−2027

Table26 Europe: Cyclohexanone Market, by End-Use Industry, 2020−2027

Table27 Asia-Pacific: Cyclohexanone Market, by Country, 2020−2027

Table28 Asia-Pacific: Cyclohexanone Market, by Application, 2020−2027

Table29 Asia-Pacific: Cyclohexanone Market, by End-Use Industry, 2020−2027

Table30 Middle East & Africa: Cyclohexanone Market, by Country, 2020−2027

Table31 Middle East & Africa: Cyclohexanone Market, by Application, 2020−2027

Table32 Middle East & Africa: Cyclohexanone Market, by End-Use Industry, 2020−2027

Table33 Latin America: Cyclohexanone Market, by Country, 2020−2027

Table34 Latin America: Cyclohexanone Market, by Application, 2020−2027

Table35 Latin America: Cyclohexanone Market, by End-Use Industry, 2020−2027

LIST OF FIGURES

FIGURE 1 Global Cyclohexanone Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of Global Cyclohexanone Market

FIGURE 4 Value Chain of Global Cyclohexanone Market

FIGURE 5 Share of Global Cyclohexanone Market in 2020, by Country

FIGURE 6 Global Cyclohexanone Market, 2020−2027,

FIGURE 7 Global Cyclohexanone Market Size, by Application, 2020

FIGURE 8 Share of Global Cyclohexanone Market, by Application, 2020−2027

FIGURE 9 Global Cyclohexanone Market Size, by End-Use Industry, 2020

FIGURE10 Share of Global Cyclohexanone Market, by End-Use Industry, 2020−2027