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Cyclohexane is a cycloalkane which is manufactured by catalytic hydrogenation of benzene. Cyclohexane is insoluble in water and colorless in nature. It is a key element employed in the manufacturing of caprolactum and adipic acid, which are intermediates for manufacturing nylon. Cyclohexane is used to produce cyclohexanone and cyclohexanol for precursor usage. There are two processes through which cyclohexane can be manufactured, viz., hydrogenation of benzene and cracking of natural gasoline. Cyclohexane can also be employed as a solvent in chemical synthesis and reaction diluents. Cyclohexane is also utilized as a starting material for KA Oil and can be used as a substitute for benzene in some end-user applications. Cyclohexane is employed in various end-use industries such as paints & coating, automotive, textiles, construction, and thermoplastics.

In terms of application, the global cyclohexane market can be segmented into adipic acid, caprolactum, and others, which includes cyclohexane 1-2 diol and cyclohexanecarbolic acid. Caprolactum is anticipated to be a major application segment of the cyclohexane market during the forecast period due to the increasing demand for nylon 6 in various end-use industries. In terms of grade, the cyclohexane market can be segmented into reagent grade and industrial grade. Technology development coupled with rising investment in various end-use industries such as automotive, textile, and construction are expected to boost the demand for cyclohexane during the forecast period. Additionally, the rising demand for high performance thermoplastics that incorporate nylon as a base material due to its characteristics features such as high tensile strength, low coefficient of friction, and friction to chemical, heat, and abrasion is anticipated to propel the demand for cyclohexane in the near future.

The cyclohexane market was primarily driven by the increasing demand for adipic acid and caprolactum, which are key elements for manufacturing Nylon-6,6 and nylon 6, respectively. These fibers are majorly employed in the automotive and textile industries. Developing countries such as Saudi Arabia, India, and China are witnessing an increased investment and significant rise in demand for nylon-6,6. This, in turn, is likely to offer a considerable opportunity for the cyclohexane market. However, volatile raw material prices are likely to hamper the expansion of the market, as most of these materials are downstream products of petrochemicals. Depletion of non-renewable resources and stringent regulations on VOC-emitting compounds have encouraged various researchers as well as manufacturers to opt for bio-based raw materials for the production of cyclohexane, which is projected to further provide substantial opportunities for manufacturers in the near future.

In terms of demand, the countries in North America and Europe were the leading markets for cyclohexane. However, the financial downturn and Euro zone crisis, have hampered the expansion of the market in Europe. In North America, the U.S. is a leading consumer of cyclohexane, whereas China holds a prominent share of the cyclohexane market in Asia Pacific. Demand for cyclohexane is considerable in the region due to increasing disposable income and increasing FDI investment in the automotive and construction industries of the region. Demand for cyclohexane is likely to rise in the Middle East due to the increasing number of nylon polymer production facilities in the region. Regions such as Latin America and Central Europe are estimated to witness lower demand for cyclohexane due to low product awareness and capacity expansion. However, increasing investment and capacity expansion are anticipated to boost the demand for nylon 6, nylon-6,6, which in turn is likely to propel the cyclohexane market in these regions.

Key manufacturers operating in the cyclohexane market include Sunoco Chemicals, BASF SE, ExxonMobil Chemical, Cheveron Philips Chemical Company, and Huntsman Corporation.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Cyclohexane Market