Electronic grade Cyclohexylbenzene market to witness robust demand worldwide | Thermo Fischer, Sigma Aldrich, Kishida Chemical, Schultz Chemicals, TCI Chemicals, J&H Chemical, AA Blocks

Cyclohexylbenzene market or phenyl cyclohexane is an organic compound, which is produced by the alkylation of benzene with cyclohexene. The substance is non-miscible with water and is used as an important intermediate in the production of phenol and cyclohexanone. Among these, cyclohexanone is widely used to produce some nylons. Nylon is commonly applicable in various end-use industries.

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There is a wide range of applications of Cyclohexylbenzene market in industries like chemical, electronics, and others. As a penetrant, it is broadly used in adhesives, painting, and plastics, while as a colorless liquid, it is used as a high boiling point solvent in the chemical industry. Proliferating industrial sector is likely to boost the compound demand.

According to a Global Market Insights, Inc., analysis report, global cyclohexylbenzene market size is projected to surpass US$485 million by 2026.

Electronic grade cyclohexylbenzene to witness consistent adoption

The cyclohexylbenzene market share from electronics applications are expected to witness substantial gains in the forthcoming years. The compound is used as a vital electrolyte additive in lithium-ion batteries to improve cell performance and safety. Growing demand for battery-operated electronics such as smartphones, PC, laptops, smartwatches, and others is likely to influence the high usability of the substance in lithium-ion batteries.

The majority of mobile phone manufacturers use lithium-ion batteries to provide smartphones to consumers with enhanced power backup. As per the Data Reportal statistics, globally there were 5.11 billion unique mobile phone users in 2019, among them, about 2.71 billion were smartphone users.

Cyclohexylbenzene market is used to form 4-ethyl cyclohexyl benzoic acid which is an intermediate material used in the manufacture of liquid crystal display (LCD) screens. The growing incorporation of LCD screens in cars, watches, televisions, PC monitors, laptops, and others is predicted to create significant demand for the compound. The demand for LCDs is majorly attributed to their exceptional display performances such as high-resolution picture quality and others.

Asia Pacific cyclohexylbenzene market is anticipated to grow at a considerable pace, owing to the high adoption of electronic products in the region. The high demand for electronic products in APAC is predominantly due to the various government initiatives to support the electronics sector, growing per capita income, decreasing electronics prices, and others.

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The movement of digitalization in India and the presence of leading electronic manufacturers in countries like Japan and China are complementing the regional Industry outlook. According to DigiTimes, LCD panel manufacturing in China is expected to capture 70% of global LCD panel production capacity in the coming years.

Industrial grade compound to see steady demand

Industrial grade Cyclohexylbenzene market is forecasted to witness exponential growth in the coming years, due to the growing emphasis of governments across the globe to uplift their manufacturing sector. Increased industrial expenditure in order to scale up the output by the incorporation of advanced technologies and upgraded equipment is expected to positively influence industry share from this segment.

The substance is listed under GHS classifications and its exposure is harmful to the environment and human health. The environmental and health hazards associated with cyclohexylbenzene and its decreased demand in industries due to the COVID-19 pandemic-enforced lockdowns could impede the overall market growth to some extent. However, the recent relaxations on business and industrial operations are expected to boost Cyclohexylbenzene market demand and propel global industry expansion in the coming years.

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