Global Cyclohexane Market 2017-2021

Overview of the global cyclohexane market

Technavios’ cyclohexane industry analysis identifies that the increasing usage of nylon 66 will be one of the major factors that will have a positive impact on the growth of the market. Nylon 66 provides increased heat resistance and has better mechanical properties compared to nylon 6. It can be used with fibers and internal lubricants, impact modifiers, and fillers to enhance its physical properties such as ductility, strength, stiffness, friction properties, and wear resistance. Moreover, nylon 66 is widely used for many machine parts, tires, electro-insulating materials, pipes, ball bearing cages and apparel. Characteristics such as fine appearance, flexible processing, resistance to high temperature and chemicals, and increased toughness make nylon 66 appropriate for some engineering applications. Moreover, high utilization of adipic acid in the production of nylon 66 resin and fiber is observed in the market. Nylon 66 is synthesized by the polycondensation of hexamethylene diamine and adipic acid. The increased usage of nylon 66 due to its advantages will fuel the growth of the adipic acid which in turn will drive the growth of the cyclohexane market during the forecast period. Technavio’s cyclohexane market forecast predicts that this market will grow at a CAGR of close to 3% by 2021.

The rising investments and capacity expansions is one of the key trends that will gain traction in the cyclohexane market.  The construction of a new phenol plant of Deepak Phenolics that is reported to be the biggest phenol plant in India is likely functional by the end of 2017. In addition, the Asian market is expected to witness the commissioning of China’s first phenol-based cyclohexanone plant by caprolactam and nylon producer Fujian Shenyuan New Materials by the end of 2017. These capacity expansion initiatives will drive the growth of the market in the forthcoming years.

What's your takeaway?

Technavio's industry research report on the global cyclohexane market 2017-2021 will help you-

• Identify latent opportunities and explorative solutions in the cyclohexane market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors  

The cyclohexane market consists of players competing based on technology, trait leadership, price, quality, and cost. The market consists of many global and regional players. These players have wide geographical presence with several production facilities. Also, there are many small regional vendors with a considerable amount of market share in the cyclohexane structure market.

The leading vendors in the market are –

• BASF
• CEPSA
• Chevron Phillips Chemical
• ExxonMobil
• Huntsman

The other prominent vendors in the market are Idemitsu Kosan, Petróleos de Venezuela, PTT Global Chemical Public Company, Reliance Industries, Sunoco Chemicals, and UCC SHCHEKINOAZOT.

Segmentation by application and analysis of the cyclohexane market

• Caprolactam

• Adipic acid

During 2016, the caprolactam segment accounted for the major shares of the cyclohexane market. The increased demand for nylon 6 production and high usage of caprolactam as the primary feedstock for the manufacture of nylon 6 will drive the demand for caprolactam in the cyclohexane structure market. 

Geographical segmentation and analysis of the cyclohexane market

• APAC
• Europe
• North America
• ROW

In terms of geographic regions, APAC will be the major revenue contributor of the cyclohexane market throughout the forecast period. Rising population and increasing living standards are fueling the demand for cyclohexane in the region. China is the largest contributor based on consumption rates and production of cyclohexane worldwide. Increasing urbanization and economic growth drive the growth of the cyclohexane market in the country.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global cyclohexane market?
• What are the key market trends impacting the growth of the global cyclohexane market?
• What are the challenges to market growth?
• Who are the key vendors in the global cyclohexane market?
• What are the market opportunities and threats faced by the vendors in the global cyclohexane market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global cyclohexane market? 

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