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Cyclohexane Market Size (2024 - 2029)

The cyclohexanone market is anticipated to experience growth over the forecast period, driven by increased production of Nylon 6 and rising demand for caprolactam in engineering resins. However, the market's expansion may face challenges due to environmental safety concerns, wildlife protection issues, and fluctuations in raw material prices. Despite these obstacles, the market is expected to benefit from increased investments in Nylon 66 in developing regions such as China, India, and Saudi Arabia.

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Market Size of Cyclohexane Industry

Cyclohexane Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 3.50 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Cyclohexane Market Major Players

*Disclaimer: Major Players sorted in no particular order

Cyclohexane Market Analysis

During the time frame of the forecast, the global cyclohexane market is expected to register a CAGR of over 3.5%.

The market was negatively impacted by COVID-19 in 2020. During the pandemic scenario, automotive manufacturing and construction activities were temporarily stopped during the lockdown to curb the spread of the COVID-19 virus. The lockdown decreased the demand for cyclohexane and its derivatives, such as nylon 6 and nylon 6-based products, including passenger safety belts, ropes, hoses, plastic auto parts, and carpeting fabric.

  • In the short term, the market is likely to grow because of the growing ability to make Nylon 6 and the growing need for caprolactam in engineering resins.
  • On the other hand, the industry's growth is expected to be hampered by rising environmental safety and wildlife protection concerns, as well as the volatility in raw material prices. These factors are expected to hinder the growth of the market studied.
  • The cyclohexane market should benefit from the fact that more money is being put into Nylon 66 in developing countries like China, India, and Saudi Arabia.

Cyclohexane Industry Segmentation

Cyclohexane is a colorless, flammable, volatile liquid hydrocarbon with the molecular formula C6H12, which is mainly produced from the hydrogenation of benzene. It is primarily used for the manufacturing of adipic acid and caprolactam, which can be further used to produce nylon. Cyclohexane can also be used as a solvent for paint, resin, and varnish. The cyclohexane market is segmented by application, end-user industry, and geography. By application, the market is segmented into adipic acid, caprolactam, and other applications. By end-user industry, the market is segmented into automotive, paints and coatings, textiles, construction, and other end-user industries. The report also covers the market size and forecasts for the cyclohexane market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Application
Adipic Acid
Caprolactam
Other Applications
End-User Industry
Automotive
Paints and Coatings
Textile
Construction
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Cyclohexane Market Size Summary

The cyclohexanone market is poised for growth, driven by its critical role in the production of nylon and its derivatives, such as caprolactam and adipic acid. These materials are essential in various applications, including automotive components, textiles, and construction materials. The market experienced a downturn during the COVID-19 pandemic due to halted automotive manufacturing and construction activities, which reduced demand for cyclohexanone. However, the market is expected to recover and expand, supported by increasing investments in nylon production, particularly in developing regions like China, India, and Saudi Arabia. Despite challenges such as environmental concerns and raw material price volatility, the demand for nylon 6 and its applications in engineering resins is anticipated to drive market growth.

The Asia-Pacific region, with China at the forefront, is the largest and fastest-growing market for cyclohexanone, fueled by the rising demand for caprolactam and the automotive industry's shift towards lighter vehicles. The construction sector in China also contributes significantly to the market, with increased consumption of cyclohexanone derivatives for various construction products. In India, the textile and apparel industry is expanding, further boosting the demand for nylon-based materials. However, Japan's textile market shows a decline in nylon-based textiles, which may impact regional demand. The market remains fragmented, with key players like Merck KGaA, BASF SE, and Exxon Mobil Corporation playing significant roles in shaping its future trajectory.

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Cyclohexane Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Production Capacity for Nylon 6

      2. 1.1.2 Increasing Demand for Caprolactam for Engineering Resins

    2. 1.2 Restraints

      1. 1.2.1 Usage of Phenol for Manufacturing Caprolactam

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Application

      1. 2.1.1 Adipic Acid

      2. 2.1.2 Caprolactam

      3. 2.1.3 Other Applications

    2. 2.2 End-User Industry

      1. 2.2.1 Automotive

      2. 2.2.2 Paints and Coatings

      3. 2.2.3 Textile

      4. 2.2.4 Construction

      5. 2.2.5 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Cyclohexane Market Size FAQs

The Cyclohexane Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)

Chevron Phillips Chemical Company LLC, Exxon Mobil Corporation, Cepsa, Merck KGaA and BASF SE are the major companies operating in the Cyclohexane Market.

Cyclohexanone Market Report Snapshots

Cyclohexanone Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)