Global Cyclohexanone Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Cyclohexanone is an organic compound which is extensively used as a solvent. The cyclohexanone is generally produced by oxidation of cyclohexane with cobalt catalyst in air and also produced by the partial hydrogenation of phenol. Cyclohexanone is widely used in the production of nylon 6 and nylon 66. It is used in many end-user industries across the globe. Cyclohexanone is mostly used in the production of adipic acid and caprolactam. The rising demand for caprolactam around the globe for the manufacture of nylon is expected to increase the cyclohexanone market in the forthcoming years. 

Data Bridge Market Research analyses that the cyclohexanone market was valued at USD 7.48 billion in 2021 and is expected to reach USD 10.14 billion by 2029, registering a CAGR of 3.88 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.   

Report Scope and Market Segmentation

Market Definition

Cyclohexanone is the organic compound which consists of six-carbon cyclic molecule with a ketone functional group and the formula of cyclohexanone is (CH2)5CO. It is extensively used as a solvent. Cyclohexanone is an odourless and colourless oil, it is similar to acetone and peppermint. Cyclohexanone can be identified on the basis of its appearance. Cyclohexanone easily dissolves in cold water and it is extensively used to produce several precursors of nylon.

Cyclohexanone Market Dynamics

Drivers

Increase the demand for the production of adipic acid

Cyclohexanone is used as a raw material for the production of adipic acid, augmenting the growth of the cyclohexanone market. The high use of adipic acid in production activities in several industries, specifically for the production of nylon in the nylon industry, is driving factor the growth of the market. The increasing usage of food-grade adipic acid as leavening and forming agents in the food and beverage industry are expcted to increase demand of the cyclohexanone in the market.

• Growing demand in nylon industry

The nylon industry has a high demand for cyclohexanone as a raw material expected to enhance the market growth. The extensive use of nylon 6 in industrial and commercial applications increases the market for cyclohexanone. Nylon 6 is the most common commercial grade of nylon. It is known to be an abrasion resistant and tough material with high tensile strength. Nylon 6 resins are mainly used in the automotive sector, including seat covering and car seat filling.

• Rise the demand in construction industry

Cyclohexane and its derivatives used in the construction industry. The consumption of cyclohexane and its derivative for the manufacture of several construction industry products such as plumbing fittings, carpeting fabrics, ropes, and others expected to increase the growth of the cyclohexanone market.

Opportunities

Cyclohexanone has huge applications in the manufacturing of automotive fabrics which is increasing due to the growing automobiles production overall the globe and growing usage of nylon-based light weighted automotive parts and increasing demands for pesticides in the agricultural industry are some major factors and resourceful factors which increase the growth of the cyclohexanone market during forecast period. On the other hand, the growing demand for caprolactam for the engineering resins will create a lucrative opportunity that will lead to the growth of the cyclohexanone market 

Restraints/ Challenges

However, the high use of nylon in the nylon industry directly affects cyclohexanone usage. This might act as a limiting factor for the cyclohexanone market overall the the globe. The high competition for nylon from other fibers influences the cyclohexanone market's growth. Polyesters have been showing dependable growth, which may be generate sluggish demand for nylon and, reduce the demand for cyclohexanone. Similarly the use of phenol for caprolactam production is anticipated to obstruct the growth of the cyclohexanone market.

This cyclohexanone market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cyclohexanone market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Cyclohexanone Market

The outbreak of covid-19 negatively impacted all industries across the globe. The government has imposed strict rules to stop the virus from spreading, resulting in impulsive declination in the construction industry. The factors such as unavailability of labours and disruption of the supply chain in the market, blockage of import and export system, and ban on transportation have hindered the Cyclohexanone Market in recent years. Many automakers have been focusing on clearing backlogs, meeting pent up demand, and decreasing waiting times on their products, which could help to improve the demand for cyclohexanone.

Global Cyclohexanone Market Scope

The cyclohexanone market is segmented on the basis of type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Nylon 6
• Nylon 66
• Polyester Polyol
• Others

 Application

• Paint and Dyes
• Soaps
• Fertilizers
• Films
• Pharmaceutical
• Caprolactam
• Adipic Acid
• Others

End User

• Construction
• Aerospace and Defence
• Textiles
• Automotive
• Electrical and Electronics
• Others

Cyclohexanone Market Regional Analysis/Insights

The cyclohexanone market is analysed and market size insights and trends are provided by type, application and end-user as referenced above.

The countries covered in the cyclohexanone market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the cyclohexanone market in terms of revenue and market share during the forecast period. This is due to the increasing demand for cyclohexanone in this region. The Asia-Pacific region leads the cyclohexanone market, with China leading the way in terms of strong demand from caprolactam. Due of the ease of high demand of d from caprolactam, China is leading the Asia-Pacific market.

During the projected period, North America is anticipated to be the fastest developing region due to the increasing demand of cyclohexanone in automobile sector in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data. 

Competitive Landscape and Cyclohexanone Market Share Analysis

The cyclohexanone market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cyclohexanone market.

Some of the major players operating in the cyclohexanone market are:

• Gujarat State Fertilizers & Chemicals Limited (GSFC) (India)
• ASAHI KASEI CORPORATION (Japan)
• BASF SE (Germany)
• Domo Chemicals (Germany)
• OSTCHEM (Austria)
• Fibrant (Netherlands)
• Shreeji Chemical (India)
• JIGCHEM UNIVERSAL (India)
• ARIHANT SOLVENTS AND CHEMICALS (India)
• Qingdao Hisea Chem Co.Ltd (China)
• LUXI GROUP (China)
• Taiwan Prosperity Chemical Corporation (China)
• UBE Corporation (Japan)
• Innova Corporate (India)
• Reliance Industries Limited (India)
• Chevron Phillips Chemical Company LLC (US)
• Clariant (Switzerland)
• Idemitsu Kosan Co.,Ltd (Japan)
• CITGO Petroleum Corporation (US)
• Zhuhai Chemical Company Ltd (China) 

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