Press release
Navigating the Future: Cyclohexylbenzene Market Trends and Forecast Insights, 2025 Edition
Cyclohexylbenzene
Cyclohexylbenzene Market Size Growth Forecast: What to Expect by 2025?
The market for cyclohexylbenzene has been expanding consistently in the past few years. Its growth is set to further increase from $2.67 billion in 2024 to $2.78 billion in 2025, having a compound annual growth rate (CAGR) of 4.1%. Factors such as accessibility of raw materials, the regulatory framework, competitive dynamics, consumer demands, and trade regulations have been pivotal in driving growth during the historical period.
How Will the Cyclohexylbenzene Market Size Evolve and Grow by 2029?
The market for cyclohexylbenzene is anticipated to experience significant expansion in the upcoming years, escalating to a worth of $3.53 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%. This expected market progression in the projected period can be linked to various factors such as market growth, environmental policies, the emergence of new market trends, the worldwide economic forecast, and political stability. The major trends projected for this period encompass technological evolution, global trade movements, market consolidation, the integration of technology in industries using the product, and the influx of investments in research and development.
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What Drivers Are Propelling the Growth of Cyclohexylbenzene Market Forward?
The cyclohexylbenzene market is anticipated to gain momentum due to the surging growth in the electronics sector. The electronics industry can significantly spur economic development, job creation, and the expansion of other industries within a country. Cyclohexylbenzene's role as an anti-overcharge additive in electronic and electric LCDs makes it an essential element in the electronics industry. For illustration, a January 2022 report from the Ministry of Electronics & IT predicted that the production of various electronic products would propel India's transformation from a US $75 billion electronics manufacturing hub to a US $300 billion electronics manufacturing superpower. This manufacturing boom includes various areas such as mobile phones, IT hardware like laptops and tablets, consumer electronics like TVs and audio devices, industrial electronics, auto electronics, electronic components, and more. Therefore, the surge in electronics manufacturing and demand is set to fuel the expansion of the cyclohexylbenzene market.
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Which Emerging Trends Are Transforming the Cyclohexylbenzene Market in 2025?
Prominent players in the cyclohexylbenzene market are introducing innovative products like bromo benzene to gain a competitive advantage. Bromo benzene, a petrochemical derivative of benzene with the molecular structure of C6H5Br, possesses both hepatotoxicant and nephrotoxicant properties. For instance, in September 2022, Chemcon Speciality Chemicals Limited, an Indian company that specializes in the production of cyclohexylbenzene, unveiled its new product, bromo benzene. This chemical, which can be either clear, colorless, or a pale yellow liquid, is used in various areas, including as a Grignard reagent, solvent, and chemical intermediate. It bears a structural resemblance to benzene, except that one hydrogen atom is replaced by a bromine molecule.
What Are the Key Segments in the Cyclohexylbenzene Market?
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
Subsegments:
1) By Standard: Industrial Grade Cyclohexylbenzene, General Purpose Cyclohexylbenzene
2) By High Purity: Laboratory Grade Cyclohexylbenzene, Pharmaceutical Grade Cyclohexylbenzene
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Who Are the Key Players Shaping the Cyclohexylbenzene Market's Competitive Landscape?
Major companies operating in the cyclohexylbenzene market 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.
What Geographic Markets Are Powering Growth in the Cyclohexylbenzene Market?
Asia-Pacific was the largest region in the cyclohexylbenzene market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cyclohexylbenzene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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