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Cyclohexylbenzene Market: Introduction

  • Cyclohexylbenzene is a derivative of benzene with a cyclohexyl substituent. It is a colorless liquid that is produced by the alkylation of benzene with cyclohexene. Hydrodesulfurization of dibenzothiophene generates cyclohexylbenzene.
  • Cyclohexylbenzene is a type of high-boiling-point solvent and penetrant that can be used in industries such as plastics, painting, and adhesives
  • Cyclohexanone is typically manufactured as an intermediate in the cyclohexane to caprolactam process. Apart from the traditional manufacturing processes, manufacturers have developed a novel and sustainable production process.
  • The hydrogenation of a feed stream comprising phenol to produce cyclohexanone and cyclohexylbenzene was a successful process developed and patented by ExxonMobil in June 2016

Key Drivers and Restraints of Cyclohexylbenzene Market

  • Increase in demand for electronic products is expected to boost the global cyclohexylbenzene market during the forecast period. Changing lifestyle and rise in demand for electronic products offer significant opportunities for key players operating in the cyclohexylbenzene market. However, stringent guidelines laid down by governing bodies of different regions on the manufacture and use of cyclohexylbenzene is projected to hamper the cyclohexylbenzene market during the forecast period. For instance, cyclohexylbenzene is included in the list of potential marine pollutants in Appendix B to 172.101 of list of marine pollutants.

Cyclohexylbenzene Market: Grade Segment

  • Based on grade, the cyclohexylbenzene market can be divided into electronics and industrial
  • The industrial segment is expected to dominate the market in the near future due to the growth of industrialization and government support to industrialization such as tax incentives for R&D investments, duty rationalization for raw materials, and improved infrastructure
  • Constant governmental support via numerous revised regulations & policies has resulted in the rapid development of the transportation infrastructure. This is anticipated to augment the cyclohexylbenzene market during the forecast period owing to the rise in demand for industrial grade cyclohexylbenzene as high boiling point solvent and penetrant in various industries such as plastics, painting, inks, and adhesives.
  • Increase in demand for cyclohexylbenzene solvents in surface coating applications in furniture, automotive, architectural, and decorative paints & coatings industries is estimated to fuel the industrial grade segment during the forecast period. Steady growth in the global construction and automobile industries is also likely to boost the cyclohexylbenzene market in the next few years.

COVID-19 Impact on Global Cyclohexylbenzene Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • The outbreak of the COVID-19 pandemic has led to disturbance in the supply chain due to the global lockdown in several countries. It has led to a decline in demand for chemical intermediates due to uncertainty in the global economy and capital markets. Cyclohexylbenzene is a vital intermediate in the production of phenols, which are widely used in various industries such as construction and automotive

Asia Pacific to Hold Leading Share of Global Cyclohexylbenzene Market

  • In terms of region, the cyclohexylbenzene market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is expected to hold major share of the global cyclohexylbenzene market, followed by North America and Europe, during the forecast period
  • According to Organization International des Constructeurs d'Automobiles (OICA), global automotive production grew from 89.8 million units in 2014 to 95.6 million units in 2018 with the growth dominated by Asian countries. Rise in production of different types of vehicles and their components due to the increase in R&D activities is expected to drive the demand for nylon, thus propelling the consumption of cyclohexanone.
  • Demand for cyclohexanone is anticipated to rise at a sluggish pace in Europe in the near future due to low nylon demand from the downstream automotive industry. There was a price drop of nylon 66 from May 2019 to July 2019, owing to the constant supply and decreased demand. In 2016, around 16% of nylon consumed in the region was either recycled or refurbished. This led to a decrease in demand for new nylon, further affecting the prices of nylon 66.

Key Manufacturers Operating in Global Cyclohexylbenzene Market

The cyclohexanone market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the cyclohexanone market include:

  • Sigma Aldrich
  • Sinfoo Biotech
  • TCI Chemicals
  • Thermo Fisher Scientific
  • AA Blocks
  • ABCR GmbH
  • Alfa Chemistry
  • Angene International Limited
  • Clearsynth
  • Santa Cruz Biotechnology

Cyclohexylbenzene Market: Research Scope

Cyclohexylbenzene Market, by Grade

  • Electronics
  • Industrial

Cyclohexylbenzene Market, by Application

  • Caprolactam
  • Adipic Acid
  • Solvents
    • Paints & Dyes
    • Agriculture
    • Others
  • Others

Global Cyclohexylbenzene Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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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Global Cyclohexylbenzene Market