Press release
Cyclohexane Market to Record an Exponential CAGR by 2021
The market for cyclohexane was mainly driven by increasing demand for adipic acid and caprolactum which are key elements for manufacturing Nylon-6,6 and nylon 6 respectively. These fibers are mainly used in automotive and textile industry. The major opportunity for cyclohexane is huge demand and investments for nylon-6,6 in developing and emerging countries such as Saudi Arabia, India and China. However, volatile raw material prices may hamper the growth of the market as most of these materials are downstream products of petrochemicals.A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/4424
In terms of demand, North America and European countries were leading regions for cyclohexane. However, due to financial downturn and euro zone crisis the market in the European region has suffered. China holds the largest market share for cyclohexane in Asia Pacific region. The demand is large owing to increasing demand for nylon 6, nylon-6,6 which is manufactured from caprolactum and adipic acid. The demand for cyclohexane is likely to grow from the Middle East region due to rising number of nylon polymer facilities. Regions such as Latin America, South America and Central Europe are expected to exhibit lower demand for cyclohexane.
To view TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/4424
Some of the key manufacturers in the cyclohexane market are Sunoco Chemicals, BASF SE, ExxonMobil Chemical, Cheveron Philips Chemical Company and Huntsman Corporation among others.
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