Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Cyclohexanone Market Size is Expected to Grow from USD 8.67 Billion in 2023 to USD 11.66 Billion by 2033, at a CAGR of 3.01% during the forecast period 2023-2033.
Browse 210 Market Data Tables and 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Cyclohexanone Market Size, Share, and COVID-19 Impact Analysis, By Grade (Technical Grade, Reagent, and Grade), By Application (Caprolactam, Adipic Acid, and Solvents), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
The cyclohexanone market refers to the worldwide demand and supply of cyclohexanone, an organic compound with multiple uses as a solvent and an intermediate in chemical reactions, most notably in the manufacture of nylon, adipic acid, and other chemicals. Cyclohexanone is a cyclic ketone, an organic compound with the formula, having a six-carbon ring with a ketone functional group, and it's a colorless to pale yellow liquid having a mint or acetone-like odor. The American Chemical Society (ACS) documented an electrochemical pathway for the production of cyclohexanone oxime using aqueous nitrate as a source of nitrogen under ambient conditions. Zn-Cu alloy catalysts, especially Zn93Cu7, efficiently catalyze the reduction of nitrate, producing a 97% yield and 27% Faradaic efficiency at 100 mA/cm². The reaction entails the generation of a hydroxylamine intermediate, which reacts with cyclohexanone in the electrolyte. Furthermore, Product development through technological means, such as effective and environmentally friendly catalytic processes, further aids market development by enhancing yield and compliance with regulations. However, sometimes there is fluctuation in the cost of raw materials, which is why unable to provide market stability.
The technical grade segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the grade, the global cyclohexanone market is divided into technical grade, reagent, and grade. Among these, the technical grade segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is propelled by its use as a solvent in paints and coatings, a critical need for the growing construction and infrastructure industries. Its application as a precursor in the manufacture of pharmaceuticals also fuels demand, fueled by the expansion of the pharmaceutical sector. Such uses highlight their significance in industrial and healthcare markets.
The caprolactam segment held the highest share in 2023 and is anticipated to grow at a CAGR of 66.17% during the forecast period.
Based on the application, the global cyclohexanone market is divided into caprolactam, adipic acid, and solvents. Among these, the caprolactam segment held the highest share in 2023 and is anticipated to grow at a CAGR of 66.17% during the forecast period. This is attributed to the augmented production of Nylon 6, widely employed in textiles, engineering plastics, and consumer products. Growing automobile and textile sectors, especially in emerging economies, escalate the demand for caprolactam, propelling the consumption of cyclohexanone as an important precursor.
Asia Pacific is anticipated to hold the highest share of the global cyclohexanone market over the projected period.
Asia Pacific is anticipated to hold the highest share of the global cyclohexanone market over the projected period. This is due to the increasing demand for nylon production has driven the market growth, and the fuel is used in the expansion of the automotive and textile industries. There is also a high rate of industrialization and urbanization of infrastructure growth impelling the consumption of synthetic fibers, construction materials, and plastic.
Europe is estimated to grow at the fastest CAGR of the global cyclohexanone market during the forecast period. The demand is spurred by the auto industry's strong demand for nylon in car manufacturing, rising demand for adipic acid for use in the textile and packaging industries, and production growth in the chemical industry. Its main application in manufacturing nylon 6/6, resins, and coatings stimulates market growth. Its uses in industrial and household cleaner products further drive steady demand.
Company Profiling
Major vendors in the global cyclohexanone market are Asahi Kasei Corporation, BASF, Domo Chemicals, Ostchem, ARIHANT SOLVENTS AND CHEMICALS, Gujarat State Fertilizers & Chemicals Limited (GSFC), Fibrant, Shreeji Chemicals., UBE Corporation, JIGCHEM UNIVERSAL, Chang Chun Group, Qingdao Hisea Chem Co., Ltd., LUXI GROUP, and Others.
Key Target Audience
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global cyclohexanone market based on the below-mentioned segments:
Global Cyclohexanone Market, By Grade
Global Cyclohexanone Market, By Application
Global Cyclohexanone Market, By Regional
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