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Cyclohexane Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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COVID-19
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Request Now !Cyclohexane Market Analysis 2020-2027:
Cyclohexane is an inflammable product produced by the hydrogenation of strong benzene, and is used mainly in the production of adipic acid and caprolactam. These materials are used mainly to produce fibers, thermoplastics, plasticizer, and polyesters. Cyclohexane is produced by hydrogenation of benzene. Cyclohexane is an intermediate product, which is used in the manufacture of adipic acid and caprolactam. Cyclohexane is used to produce cyclohexanone and cyclohexanol for pre-use, hydrogenation of benzene, and dissolution of natural gas. Cyclohexane can also be employed as a solvent in chemical synthesis and reaction diluents. Moreover, cyclohexane is witnessing high usage in the food & beverages, textiles, and electricity sectors, which have developed several laws and regulations regarding its operation.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD) |
Segments covered | Application, Industry Vertical, and Region |
Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
Companies covered | DuPont de Nemours, Inc., Merck KGaA, BASF SE, Chevron Phillips Chemical Company, China Petroleum & Chemical Corporation, BP Refining & Petrochemicals GmbH, Clariant, Reliance industries Ltd, and CITGP Petroleum Corporation |
COVID-19 scenario analysis:
- The prevalence of COVID-19 has led to a decline in the global utilization rates of refineries used for production. Therefore, this has led to a shortage of supply categories.
- The supply chain is anticipated to be affected to a great extent due to shortage of raw material.
- The demand-supply gap, disruptions in raw material procurement, price volatility, and many other factors are expected to hamper the growth of the industry during the COVID-19 pandemic.
- The US-China trade war, political instability in the Middle East region, and currency fluctuations affected the industry in 2019. The COVID-19 crisis further accelerated the already effected industry.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Increase in demand for caprolactam and adipic acid to make Nylon 66 works as a driver for the growth of the cyclohexane market. There has been a growing impetus in the delivery of high-quality products to maintain customer loyalty as lower switching costs & lower differentiated products have reduced supplier capacity over the years recently.
Companies are heavily involved in product R&D, technological advancements, and strategic partnerships to improve their global position. Rapid urbanization and emerging economies have prompted governments to increase their production capacity to meet the rise in demand.
Low production costs and renewable government regulations boost the demand for cyclohexane. Technology development coupled with the investment generated in a variety of uses, such as automotive, textiles, and construction, is expected to increase the demand for cyclohexane during the forecast period.
In addition, there is increase in demand for high-performance thermoplastics that incorporate nylon as a base material due to its characteristics such as thermal strength, low cross-corrosion resistance, chemical friction, heat, & abrasion. Increase in consumption of cyclohexane, especially in the U.S. and China coupled with simple quality-related regulations is expected to remain an important driving force in the industry.
Key segments covered:
Segments | Sub-segments |
Application |
|
Industry Vertical |
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Key benefits of the report:
- This study presents the analytical depiction of the cyclohexane market along with current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cyclohexane market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the cyclohexane market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the cyclohexane market research report:
- Which are the leading market players active in the market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
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- Scientific and technical writings for product information and related preemptions
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