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Cyclohexylbenzene Market 2024-2033: Opportunity Assessment, Competitive Landscape, Regional Demand And Major Players
Cyclohexylbenzene Market
As per the report, the cyclohexylbenzene market size has grown steadily in recent years. It will grow from $2.57 billion in 2023 to $2.69 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The cyclohexylbenzene market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%.
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Growth Of Electronics Industry To Drive Market Expansion
The rising growth in the electronics industry is expected to propel the growth of the cyclohexylbenzene market. The electronics industry can boost a country's economic growth, create jobs, and accelerate development in other sectors. The use of cyclohexylbenzene as an anti-overcharge additive in electric and electronic LCDs makes it a vital component identity for the electronic industry. For instance, in January 2022, a report published by the Ministry of Electronics & IT stated the projections for the various electronic products that will propel India's transformation from a US $75 billion electronics manufacturing hub to a US $300 billion electronics manufacturing powerhouse. This growth in electronics manufacturing includes mobile phones, IT hardware (laptops, tablets), consumer electronics (TV and audio), industrial electronics, auto electronics, electronic components, and others. Therefore, the increase in manufacturing and demand for electronics will drive the cyclohexylbenzene market.
Product Innovations Transforming The Cyclohexylbenzene Market
Product innovation is a key trend gaining popularity in the cyclohexylbenzene market. Major market players are concentrating their efforts on innovative cyclohexylbenzene products to gain a competitive advantage in the market. For instance, in May 2021, Schultz Canada Chemicals Ltd., a Canada-based chemical company, created a new high-purity cyclohexylbenzene product. This cyclohexylbenzene produced by Schultz has the characteristics and quality of an ultra-high purity product, making it one of the ideal displayer materials. It improves the circulation pattern of the lithium-ion battery as an additive to the electrolyte of the lithium-ion secondary battery.
The cyclohexylbenzene market covered in this report is segmented -
1) By Product Type: Standard, High Purity
2) By Application: Plastics, Paints and Coatings, Adhesives, Electrical and Electronics, Chemical Production
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Major companies operating in the cyclohexylbenzene market report are Thermo Fisher Scientific Inc., The Merck Group, TCI Chemicals Co. Ltd., Santa Cruz Biotechnology Inc., Alfa Chemical Co. Ltd., Schultz Chemicals Limited, Biosynth International Inc., Henan Tianfu Chemicals Company Limited, Syntechem Company Limited, Amadis Chemical Company Limited, Hangzhou Hairui Chemical ltd., Oakwood Products Inc., Dynovac Industreies Inc., Anshika Polysurf Limited, Eastman Chemical Company, Samsung Group, BASF SE, MITSUBISHI Corporation, Jintan Jinnuo Chemical Co. Ltd., Anhui Fulltime Specialzed Solvents & Reagents Co.Ltd., Jiaxing Buyun Fuxin Chemical Factory, CEC Limited core competency, Nanjing Qisheng Chemical Industry Co. Ltd., Changsha Easchem Co. Ltd., Hefei TNJ Chemical Co. Ltd., Zhejiang Weihua Chemical Co. Ltd., Dayangchem Co. Ltd., Haihang Industry Co. Ltd., Jinan Haohua Industry Co. Ltd., Shanghai Hanhong Chemical Co. Ltd.
Contents of the report:
1. Executive Summary
2. Cyclohexylbenzene Market Report Structure
3. Cyclohexylbenzene Market Trends And Strategies
4. Cyclohexylbenzene Market - Macro Economic Scenario
5. Cyclohexylbenzene Market Size And Growth
…..
27. Cyclohexylbenzene Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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