Press release
2019-2024 Cyclohexane Market Key Developments and Future Outlook Lead by ExxonMobil, Huntsman Corporation, Chevron Philips, Sinopec Limited, Sunoco Chemicals, DSM, and BASF
Cyclohexane Market
Cyclohexane is manufactured through cracking of gasoline and hydrogenation of benzene. Global benzene market size may surpass 60 million tons, registering over 4% growth. Increased usage of benzene as feedstock in production of various chemicals along with strong application outlook in various end-use industries such as construction, electrical & electronics and textile should stimulate cyclohexane market demand.
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Global cyclohexane market share is concentrated and competitive with prominent industry participants include Huntsman Corporation, Chevron Philips, Sinopec Limited, Sunoco Chemicals, ExxonMobil, DSM, and BASF. In 2015, DSM entered into a partnership with CVC Capital Partners to enhance its product portfolio in Composite Resins and Polymer Intermediates such as acrylonitrile and caprolactam, through the formation of a new company, ChemicaInvest B.V.
Rising demand for adipic acid and caprolactam owing to positive application scope in automotive industries should propel cyclohexane market demand. Adipic acid is widely used in the production of nylon compounds which are then used in making of automotive components. Nylon compounds are also used in home furnishings, apparels and various other industrial uses owing to their abrasion resistance and high tensile strength.
Caprolactam produced from cyclohexane is used in manufacturing of nylon 6 resins and fibers. Over 70% of the caprolactam is used in the manufacturing of nylon 6 fibres for carpet, textiles and industrial yarns and rest 30% is used for engineering resins and films. Nylon 6 is used in carpets and rugs, as it offers good abrasion resistance and are easy to clean & resistant to staining, thereby driving cyclohexane market size.
Increasing consumer awareness regarding safety and protection in electronics & electrical industries may boost nylon 6,6 demand, thus stimulating cyclohexane market size. Nylon 6,6 is well suited to electronic and electrical applications owing to high performance, dielectric breakdown strength and specific volume resistivity.
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Asia Pacific, led by India, China and Japan cyclohexane market size may witness significant growth over the projected timespan. Shift in consumer preference towards owned cars then public transport as all-purpose transportation medium along with increasing consumer spending on luxury and comfort has led to rise in car production from 2013 which was 65 million to 72 million in 2016 in the region. Coatings are used to protect the vehicle from UV radiation, foreign particles and extreme temperature and boosts the durability and appearance of the vehicle, thus stimulating regional industry growth.
North America driven by the U.S. cyclohexane market size should register steady gains over the forecast period. Nylon is an end-use product, which is used to manufacture thread and can be further transformed to clothing and textile. In 2016, U.S. textile, man-made filament & fiber, and apparel shipments was valued to be over USD 70 billion, an increase of over 10% since 2009. Growing number of single houses along with increased usage of textiles in bedding, apparel, kitchen, upholstery, handbags, medical, fashion, and clothing accessories will boost product demand.
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High production cost and increased product usage in automobile, construction, paints & coatings and textile industries may challenge industry profitability and affect cyclohexane market price trend. Strict regulation regarding VOC emissions have encouraged manufacturers to used bio-based raw materials for producing cyclohexane, thus creating an opportunity for market growth.
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In the Quarter 2, the cyclohexane prices in China reached 1260 USD/MT. During the second quarter of this year, the price of cyclohexane in China experienced a drastic change, much to the testimony to changing market parameters for that basic chemical. Rising demand from some industrial segments, such as textiles, plastics, and chemicals, where cyclohexane ranks among the most important solvents and intermediates, has…
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𝐂𝐲𝐜𝐥𝐨𝐡𝐞𝐱𝐚𝐧𝐞 𝐏𝐫𝐢𝐜𝐞 𝐢𝐧 𝐂𝐡𝐢𝐧𝐚
𝐂𝐡𝐢𝐧𝐚: $ 1038/MT
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Cyclohexane Prices, Trend & Forecasts | Provided by Procurement Resource
Product Name - Cyclohexane
HS Code - 290211
Molecular Weight - 84.16 g/mol
Chemical Formula - C6H12
Synonyms - Benzene hexahydride, Hexahydrobenzene, Hexamethylene, Hexanaphthene
Currency - US$ (Data can also be provided in local currency)
Supplier Database Availability - Yes
Customization Scope - Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines,…
