Global Cyclohexane Market To Reach 26.5 Billion USD By 2022

Date: 2018-03-07

Cyclohexane is a cycloalkane with the molecular formula C6H12 (the alkyl is abbreviated Cy). Cyclohexane is mainly used for the industrial production of adipic acid and caprolactam, which are precursors to nylon. Cyclohexane is a colourless, flammable liquid with a distinctive detergent-like odor, reminiscent of cleaning products.

The growing population results in increasing consumption of nylon, and the increasing use in 3D printing is positively driving the growth for the cyclohexane and its products. According to research, the global Cyclohexane market is projected to grow at a CAGR of 5.8% through 2018-2022, and reach total revenue of 26.5 billion USD by 2022.

Base on applications, the Cyclohexane is widely used in nylon industry as a precursor. In 2017, nylon industry application held the highest market share and expected to maintain the trend over the forecast period. Application followed by Laboratory solvent and other niche uses, which accounted for about 10% of market share in 2017.

Geographically, Asia Pacific is expected to grow at the highest CAGR for the forecast period, also the Asia Pacific is expected to hold the largest market of Cyclohexane in terms of consumption due to the growing urbanization and infrastructural growth in the region demands nylon in various sectors, which directly driving the demand for Cyclohexane. Region followed by North America. 

Global top manufacturers operating in Cyclohexane market are Sinopec Limited (China Petroleum and Chemical Corporation), Reliance Industries Ltd (RIL), BASF, BP P.L.C. (British Petroleum), Idemitsu Kosan Co., Ltd., Thermo Fisher Scientific Inc., Chevron Phillips Chemical Company LLC (CPChem), Koninklijke DSM N.V., Sigma-Aldrich Corporation (MERCK KG auf Aktien), CPDC (China Petrochemical Development Company) among others.

Global Cyclohexane market share by geography as following:

Read Full Report: http://www.gosreports.com/global-cyclohexane-market-research-report-2016/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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