Cyclohexane Market

Increased use in the production of adipic acid is driving the market growth.

The growing awareness of the impact of chemicals drives market CAGR for cyclohexane. Adipic acid is one of the major derivatives of cyclohexane. It produces various products, such as nylon 66, polyurethane resins, and plasticizers. The demand for adipic acid is increasing due to the growth of the construction and automotive industries, which are major consumers of products made from adipic acid. The significant growth of the market will drive the demand for cyclohexane, as adipic acid is the major derivative.

The automotive industry is a major consumer of cyclohexane. Cyclohexane produces nylon 6, which makes various automotive components such as airbags, carpets, and seat belts. However, with the automotive industry's recovery, the demand for cyclohexane is expected to increase in the coming years.

The growing demand for nylon production is another major trend. Nylon is a synthetic polymer widely used to produce various products, including textiles, carpets, and automotive parts. Cyclohexane is a key raw material in the production of adipic acid, which is further used in the production of nylon 66. The demand for nylon is increasing due to its superior properties, such as high strength, durability, and abrasion resistance. This growth in the nylon market is expected to drive the demand for cyclohexane in the coming years.

The Global Cyclohexane Market Industry is projected to experience substantial growth over the next decade. With an expected market value of 26.1 USD Billion in 2024, the industry is on a path toward reaching 43.8 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 4.79% from 2025 to 2035, indicating a robust demand for cyclohexane across various sectors. Factors contributing to this growth include rising industrial applications, technological advancements, and regulatory support, all of which are likely to shape the future landscape of the cyclohexane market.

The Global Cyclohexane Market Industry is witnessing an expansion in its applications, particularly in pharmaceuticals and agrochemicals. Cyclohexane serves as a solvent and a reagent in various chemical reactions, enhancing its appeal across multiple sectors. The increasing focus on sustainable agricultural practices and the development of new pharmaceuticals are likely to bolster demand. As a result, the market is expected to grow significantly, with projections indicating a rise to 43.8 USD Billion by 2035. This diversification of applications could lead to a more resilient market, capable of adapting to changing consumer preferences and regulatory landscapes.

The Global Cyclohexane Market Industry is experiencing a surge in demand from the chemical sector, primarily due to its role as a precursor in the production of nylon and other synthetic fibers. As industries increasingly prioritize lightweight and durable materials, cyclohexane's utility becomes more pronounced. In 2024, the market is projected to reach 26.1 USD Billion, driven by the growth of end-use sectors such as automotive and textiles. This trend suggests a robust expansion trajectory, potentially leading to a compound annual growth rate of 4.79% from 2025 to 2035, as manufacturers seek to optimize production processes.

Technological advancements in the production of cyclohexane are playing a crucial role in shaping the Global Cyclohexane Market Industry. Innovations in catalytic processes and extraction techniques are enhancing efficiency and reducing environmental impact. These advancements not only lower production costs but also align with global sustainability goals, making cyclohexane a more attractive option for manufacturers. As companies adopt these technologies, the market is likely to benefit from increased output and improved product quality. This trend may contribute to the anticipated growth trajectory, supporting the market's expansion towards 43.8 USD Billion by 2035.

The Global Cyclohexane Market Industry is characterized by dynamic market conditions and a competitive landscape. Key players are continuously innovating and optimizing their supply chains to maintain market share. This competitive environment encourages efficiency and drives down costs, benefiting consumers and industries reliant on cyclohexane. As the market evolves, companies are likely to explore strategic partnerships and mergers to enhance their capabilities. This competitive spirit may contribute to the projected compound annual growth rate of 4.79% from 2025 to 2035, reflecting the industry's resilience and adaptability.

The Global Cyclohexane Market Industry is benefiting from regulatory support aimed at bolstering chemical manufacturing. Governments worldwide are implementing policies that encourage the production and use of chemicals, including cyclohexane, which are essential for various industrial applications. This support is particularly evident in regions where chemical manufacturing is a key economic driver. As regulations become more favorable, the market is poised for growth, with projections indicating a rise to 26.1 USD Billion in 2024. Such regulatory frameworks may enhance investment opportunities and foster innovation within the industry.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Cyclohexane market will dominate the cyclohexane market due to the increasing demand for nylon and adipic acid, which are used in various applications such as automotive, construction, and consumer goods, is driving the growth of the cyclohexane market in this region. Furthermore, the development of shale gas in the US has led to an increase in the production of cyclohexane in North America.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  CYCLOHEXANE MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Europe's Cyclohexane market accounts for the second-largest market share; the growth of the market in this region is driven by the increasing demand for Cyclohexane in the textile industry. The growing demand for nylon, adipic acid, and caprolactam, which are used in various applications such as textiles, plastics, and automotive, is driving the growth of the cyclohexane market in this region. Additionally, the increasing use of cyclohexane in the production of coatings and paints contributes to the market growth in Europe.

Further, the German Cyclohexane market held the largest market share, and the UK Cyclohexane market was the fastest-growing market in the European region.

The Asia-Pacific Cyclohexane Market will have significant growth in the market from 2023 to 2032. The increasing demand for nylon, adipic acid, and caprolactam, driven by the growing construction and automotive industries, is driving the growth of the cyclohexane market in this region. Additionally, the rising demand for petrochemicals in the region contributes to the market's growth. Moreover, China’s Cyclohexane market held the largest market share, and the Indian Cyclohexane market was the fastest-growing market in the Asia-Pacific region.

At its integrated location in Shanghai, China, Covestro AG (Leverkusen, Germany) has started operating its first specialized mechanical recycling (MCR) compounding unit for polycarbonates in 2023. More than 25,000 tons of premium-quality polycarbonates and blends with mechanically recycled materials will be produced annually on this line in response to the increasing demand for post-consumer-recycled (PCR) plastics, especially in applications related to consumer goods, automotive, and electrical and electronic products.

For instance, the cyclohexane market will grow significantly in the coming years. The market is driven by increasing demand for nylon and adipic acid, growing construction and automotive industries, and rising demand for petrochemicals.

Leading market players are investing heavily in research and development to expand their product lines, which will help the Cyclohexane market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Cyclohexane industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Cyclohexane industry to benefit clients and increase the market sector. The Cyclohexane industry has offered some of the most significant medical advantages in recent years.

Major players in the Cyclohexane market, including Reliance Industries Limited (India), BP Refining & Petrochemicals GmbH (Germany), BASF (Germany), CITGO Petroleum Corporation (US), China Petroleum & Chemical Corporation (China), Idemitsu Kosan Co., Ltd (Japan), The Dow Chemical Company (US), CEPSA (Spain), Chevron Phillips Chemical Company (US), Clariant (Switzerland), and others, are attempting to increase market demand by investing in research and development operations.

Cepsa, founded in 1929 and headquartered in Madrid, Spain, is a Spanish international oil and gas company operating in several European countries such as Canada, Morocco, Brazil, and Panama. In May 2021, Cepsa reinforced its ability to innovate and focus on safety and sustainability by launching operations in San Roque, Spain, the first European chemical factory to use Dental technology. It is also the world's 1st Linear Alkylbenzene factory that substitue hydrofluoric acid with Dental technology. This safer and more sustainable process maximizes raw material and electricity efficiency while lowering emissions and waste production.

Lanxess AG, founded in 2004, and located in Cologne, Germany, is a German chemicals company as a part of the chemicals and polymers business from Bayer AG. In October 2021, energy company BP and Lanxess signed a strategic partnership agreement to use sustainable raw materials in engineering thermoplastics production. The former will offer sustainably manufactured cyclohexane to the Lanxess manufacturing site in Antwerp, Belgium, beginning in the last quarter of 2021. Lanxess utilizes cyclohexane as a precursor in manufacturing high-performance nylon six resins and compounds, mainly in the automotive and consumer goods and electrical industries.

The sustainable basis of the raw materials is approved as per the ISCC Plus rules. This plant will have a Cyclohexane production capacity of 140,000 tonnes per annum.