What Has Been the Growth Trajectory of the Cyclohexylbenzene Market?
The cyclohexylbenzene market has seen considerable growth due to a variety of factors.
• The market for cyclohexylbenzene has seen consistent growth over the past few years. From 2024 to 2025, the market is expected to increase from $2.67 billion to $2.78 billion, reflecting a compound annual growth rate (CAGR) of 4.1%. The factors that have contributed to growth during the historical period include availability of raw materials, governmental regulations, level of competition, consumer behaviors, and trading policies.
What Is The Expected Growth In The Cyclohexylbenzene Market?
The Cyclohexylbenzene market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for cyclohexylbenzene is set for substantial growth in the coming years, anticipated to reach $3.53 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.1%.
The projected growth during this forecast period can be associated with factors such as market enhancements, environmental regulatory guidelines, developing market inclinations, the global economic conditions, and political steadiness. Key patterns within this period entail technological progressions, international trade fluctuations, market unification, the integration of technology in end-user sectors, and investments in research and developmental activities.
What Main Forces Are Fueling Expansion In The Cyclohexylbenzene Market?
The cyclohexylbenzene market's expansion is projected to be fueled by the surge in the electronics sector. This industry promotes economic progression, job creation, and advancement in various other sectors in a nation. The application of cyclohexylbenzene as an additive to prevent overcharging in electronic and electric LCDs identifies it as a critical factor for the electronics world. For example, in January 2022, the Ministry of Electronics & IT published a report, laying out the forecast for different electronic products set to propel India's transition from a US $75 billion electronics production center to a thriving US $300 billion electronics manufacturing giant. This escalation in electronic production encompasses mobile phones, IT hardware like laptops and tablets, consumer electronics like TV and audio, industrial electronics, auto electronics, electronic components, and other segments. Hence, the escalating manufacture and demand for electronics will bolster the cyclohexylbenzene market.
What Are The Primary Segments In The Global Cyclohexylbenzene Market?
The cyclohexylbenzene market covered in this report is segmented –
1) By Product Type: Standard, High Purity
2) By Application: Plastics, Paints And Coatings, Adhesives, Electrical And Electronics, Chemical Production
Subsegments:
1) By Standard: Industrial Grade Cyclohexylbenzene, General Purpose Cyclohexylbenzene
2) By High Purity: Laboratory Grade Cyclohexylbenzene, Pharmaceutical Grade Cyclohexylbenzene
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Which Key Trends Are Driving Changes In The Cyclohexylbenzene Market?
Key players in the cyclohexylbenzene market are pioneering new product innovations like bromo benzene, in a bid to gain a competitive advantage. Bromo benzene, a benzene petrochemical with the molecular formula C6H5Br, possesses both hepatotoxic and nephrotoxic properties. For example, in September 2022, Chemcon Speciality Chemicals Limited, an Indian chemical manufacturing company offering cyclohexylbenzene, introduced bromo benzene. The clear, colorless or pale yellow liquid bromo benzene is deployed in various uses such as a Grignard reagent, solvent, and chemical intermediate. It resembles benzene structurally, with a single hydrogen atom replaced by a bromine molecule.
Who Are the Key Players In The Cyclohexylbenzene Market?
Major companies operating in the cyclohexylbenzene market include:
• Thermo Fisher Scientific Inc.
• The Merck Group
• TCI Chemicals Co. Ltd.
• Santa Cruz Biotechnology Inc.
• Alfa Chemical Co. Ltd.
• Schultz Chemicals Limited
• Biosynth International Inc.
• Henan Tianfu Chemicals Company Limited
• Syntechem Company Limited
• Amadis Chemical Company Limited
• Hangzhou Hairui Chemical ltd.
• Oakwood Products Inc.
• Dynovac Industreies Inc.
• Anshika Polysurf Limited
• Eastman Chemical Company
• Samsung Group
• BASF SE
• MITSUBISHI Corporation
• Jintan Jinnuo Chemical Co. Ltd.
• Anhui Fulltime Specialzed Solvents & Reagents Co.Ltd.
• Jiaxing Buyun Fuxin Chemical Factory
• CEC Limited core competency
• Nanjing Qisheng Chemical Industry Co. Ltd.
• Changsha Easchem Co. Ltd.
• Hefei TNJ Chemical Co. Ltd.
• Zhejiang Weihua Chemical Co. Ltd.
• Dayangchem Co. Ltd.
• Haihang Industry Co. Ltd.
• Jinan Haohua Industry Co. Ltd.
• Shanghai Hanhong Chemical Co. Ltd.
What Is The Most Dominant Region In The Cyclohexylbenzene Market?
Asia-Pacific was the largest region in the cyclohexylbenzene market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cyclohexylbenzene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
