Vinyl Cyclohexane : Market Size, Share, Major Players, CAGR Developments , Challenges and Regional Study Forecast By 2031

The global vinyl cyclohexane market is estimated to be worth $64.7 million in 2023 and is expected to grow to $109.79 million by 2031, with a compound annual growth rate (CAGR) of 7.05% during the forecast period of 2024-2031.

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Vinyl cyclohexane can be synthesized in a laboratory environment by employing 1,3-butadiene and the Diels-Alder dimerization reaction, an organic chemical derived from crude oil. The global vinyl cyclohexane market is experiencing growth due to the heightened demand from the painting and coatings sector in developed and developing countries. Vinyl cyclohexane is in high demand due to the chemical industry's increasing investment in research and development. High vinyl cyclohexane market growth is driven by the potential production of vinyl cyclohexane-based polymers and the increasing polymer industrial research activities expected to occur during the forecast period. The primary factor fueling the market expansion rate is the heightened demand for vinyl cyclohexane from the paints and coatings sector in both developed and developing countries.

Furthermore, the market's growth rate will be directly and favourably affected by the expansion of vinyl cyclohexane's applications, including medical devices, and the development and expansion of various end-user sectors, particularly in developing economies. The industry's growth will be influenced by a variety of factors, including the polymer industry's increased demand, the anticipated growth in potential product applications, the increasing research and development spending of significant corporations, the production of cars using nylon, and the growing emphasis on technological developments and the renovation of production techniques.

List of Major Players in the Vinyl Cyclohexane Market:

• Cepsa
• Chevron Phillips Chemical Company LLC
• China National Petroleum Corporation
• Clariant Ltd
• Alfa Aesar
• BASF SE
• Santa Cruz Biotechnology, Inc
• Sunmarks, LLC.
• Thermo Fisher Scientific Inc
• Tokyo Chemical Industry Co., Ltd
• Toray Industries, Inc.
• BOCSCI, Inc
• British Petroleum
• Dow Inc
• DSM
• DuPont
• Exxon Mobil Corporation
• FUJIFILM Wako Pure Chemical Corporation
• Huntsman Corporation
• Liaoning Yufeng Chemical Co., Ltd
• Matrix Scientific
• Merck KGaA
• Norquay Technology, Inc
• PTT Global Chemical Public Company Limited
• SABIC

Market Dynamics:
Drivers-

The primary factor driving the market growth rate is the increased demand for vinyl cyclohexane from the paints and coatings sector in developed and developing countries. The vinyl cyclohexane market is primarily driven by the following factors: an increase in government investment in research and development activities, a significant demand for vinyl cyclohexane, particularly in emerging economies, the growing use of vinyl cyclohexane in a variety of end-use components, such as automotive, textile, and renovation, and a rise in mechanization, particularly in developing countries, as well as the expansion and growth of numerous end-user industries and the increasing use of vinyl cyclohexane in implantable implants.

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Challenges:

The lockout and price volatility will be a significant obstacle to the market's expansion, resulting in raw material supply and demand requirements. The rate of growth of the market will be delayed by the high costs associated with research and development expertise, the development of water quality and protection considerations, the harmful effects on human health, the expansion of the availability of replacements, and severe global trade regulations. The primary impediment to the vinyl cyclohexane industry is the unpredictability and constraint of input material costs, which leads to insufficient availability and demand. Additionally, the vinyl cyclohexane industry's expansion will be hindered by the following factors: the increasing cost of research and development, the increasing importance of pollution prevention and conservation, the adverse effects on human health, the increased availability of substitutes, and the stringent international business regulations.

Regional Trends:

North America's vinyl cyclohexane market is anticipated to achieve a substantial market share. The healthcare sector in North America has had a significant expansion in recent years and is well-organized. Expanded sector investment, increased per capita expenditure, and increased research and development initiatives have all significantly influenced the industry's growth. Furthermore, Asia Pacific accounted for a significant portion of the market. This is a result of the increased demand from various end-user enterprises in the area and the expansion of research and advancement efforts. As a result of the rapid economic growth in the emerging nations, the region's industrialisation will continue to expand, the population will increase, and there will be abundant natural resources.

Recent Developments:

• In November 2020, Cefic developed a partnership with the Healthy Workplaces initiative of the European Union Information Agency for Occupational Safety and Health (EU OSHA).

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Segmentation of Vinyl Cyclohexane Market-

By Purity
• 95%
• 97%
• ≥ 98%

By End-Use Industry
• Paint and coatings
• Building and construction
• Chemicals
• Pharmaceutical
• Others

By Region-

North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.