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By 2026, Europe Cyclohexylbenzene market size to see 4% CAGR | By key players Thermo Fischer, Sigma Aldrich, Kishida Chemical, Schultz Chemicals, TCI Chemicals, J&H Chemical, AA Blocks
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Cyclohexylbenzene market is an organic compound that is utilized as a high-temperature solvent and penetrant in adhesives, plastics, and paints & coatings. The compound plays a vital role in the manufacture of lithium-ion batteries.
Global cyclohexylbenzene market is expected to surpass US$485 million by 2026, says Global Market Insights, Inc. Listed below are some trending factors elaborating various applications and uses of the compound.
Top Key Players in The Market are:
Thermo Fischer, Sigma Aldrich, Kishida Chemical, Schultz Chemicals, TCI Chemicals, J&H Chemical, AA Blocks, Santa Cruz Biotechnology
Growing applications of electronic grade cyclohexylbenzene
Global electronic grade cyclohexylbenzene market share is expected to surpass US$315 million by 2026. The substance is used in many electrical applications such as an additive electrolyte in lithium-ion batteries, which helps in enhancing battery performance and safety.
It is also used as a raw material in the production of 4-ethyl cyclohexyl benzoic acid which is an intermediate material for liquid crystal displays (LCDs). The growing market penetration of LCDs and lithium-ion batteries is drawing significant demand for the compound in the electrical industry.
Robust demand in the manufacture of LCDs
Liquid crystal display units due to their long-lasting, energy-efficient, backlighting, and exceptional screen resolution attribute are extensively utilized in electronic products such as laptops, smartphones, calculators, watches, and others. Increasing applications of LCDs in electronics are escalating the demand for electronic grade cyclohexylbenzene market.
Additionally, factors like global economic expansion, favorable norms to promote electric vehicles, and a rising number of component manufacturers are expected to create lucrative growth opportunities for the industry.
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Automotive paints & coatings industry in Europe
Europe cyclohexylbenzene market size, with a CAGR of 4%, is projected to cross over US$105 million in value by 2026. The substance has a wide application range as intermediates and organic solvents used in paints and coatings. With the presence of prominent manufacturers and the flourishing automotive paints & coatings market in Europe, the growing demand for the material is anticipated to augment the regional industry share.
On the other hand, growing establishments of vehicle manufacturing facilities in the UK, Germany, and France are further expected to accelerate product penetration in the region. The increased production of cyclohexylbenzene for its utilization in batteries is creating notable demand from the end-use industries including automotive and electronics.
Some of the prominent offering cyclohexylbenzene globally are J&H Chemical Co. Ltd., Santa Cruz Biotechnology, Thermo Fisher Scientific, Angene International Limited, 3B Scientific (Wuhan) Corporation Ltd, AA Blocks, Hairui Chemical, Ivy Fine Chemicals, Amadis Chemical, and Sigma Aldrich, along with many others. These companies are look to strengthen their position in the global market. For example, BASF, a notable chemicals company situated in Germany, in December 2016 acquired Chemetall with an objective to expand their coatings portfolio.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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