Top Emerging Trends Of Cyclohexane Market Progress Forecast 2025 |Grand View Research, Inc.


The global cyclohexane market is expected to reach USD 32.3 billion by 2025, growing at a CAGR of 4.9% according to a new report by Grand View Research, Inc. globally changing consumer behavior towards sustainability has been a significant factor driving market growth. Also, the increasing use in 3D printing is positively influencing the demand for the cyclohexane and its products.

Growing population coupled with rapid urbanization and industrialization in emerging economies has also driven federal governments to increase their manufacturing spending to cater to the rising demand. The low production cost and relaxed government regulations further boosting the demand for cyclohexane in the global market. Also, global Nylon 6 Production is estimated to increase at a rapid rate, which is expected to increase demand for cyclohexane globally.

The global market of cyclohexane is highly competitive and fairly concentrated, with top six companies accounting for maximum share of the global production in 2016. Key participants include Sinopec Limited, BASF, BP PLC, Koninklijke DSM N.V. and Sigma-Aldrich Corporation. Application development and customized applications are expected to be key parameter for being competitive, with frequent mergers and acquisitions being undertaken as an attempt to diversify application portfolio and gain market share.

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Recently, there has been a growing impetus towards the provision of greater quality products to retain customer loyalty, since low switching costs & lowly differentiated products have reduced supplier power in recent years. Companies are thus actively engaged in product development & research, technological advances and even strategic collaborations to improve their standing in the global market.
Further key findings from the report suggest:
  • The global cyclohexane demand was around 9,192 kilo tons in 2016 and is expected to grow at a CAGR of 4.0% between 2016 and 2025
  • Caprolactam was the dominant application segment in 2016 and is projected to be worth USD 19 billion by 2025
  • Cyclohexane’s value from nylon 6 end-use was estimated at over USD 11 billion in 2016. Textiles industry growth in South Asian markets will have a positive influence on the segment’s growth
  • Asia Pacific is the largest region in terms of revenue in 2016 and is expected to maintain its dominance during the forecast period.
  • Growth in the textile, electronics and automotive industry in the emerging countries such as China and India are expected to drive the growth of the cyclohexane market. Increasing demand for packaging materials is pushing the growth in the region.
  • The market in Asia Pacific is expected to witness significant growth over the next few years owing to the increasing consumption of nylon in various sectors. The regional market is expected to grow at a CAGR of 5.6% from 2017 to 2025 in terms of volume
  • Key industry participants include Sinopec Limited, BASF, BP PLC, Koninklijke DSM N.V. and Sigma-Aldrich Corporation, who dominate the cyclohexane industry in terms of production
  • Improving supply chain efficiencies, and establishing exclusive supply agreements shall be a key factor in improving profitability of producers
Cyclohexane is an intermediate product, which is used for the production of adipic acid and caprolactam. Increasing applications of cyclohexane in various industries along with the growing demand for nylon products in automotive and engineered plastics are major drivers of the global cyclohexane market growth. The product is also getting traction in food and beverage packaging, textile and electrical & electronics which initiated several legislative actions and regulations regarding its safe usage.
Caprolactam was the largest application of cyclohexane in 2016 and is expected to continue dominating over the forecast period owing to the high demand for nylon 6 production. Major corporations that are dominant in North America and Europe are gradually partnering with manufacturing companies located in Asia Pacific to fulfill the local demand and also to cater their products and services to the high potential markets in Asia Pacific and Latin America. This factor is expected to drive consumption in the respective regions.

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The cyclohexane is used to produce adipic acid and caprolactam which are further utilized to manufacture many ends use products such as nylon 6, nylon 66 and others. Nylon being an end use product can be used to make a thread which can be further transformed to textile and clothing. Caprolactam is the primary feedstock for the manufacturing of nylon 6, although adipic acid is majorly used to produce nylon 66.
Asian plants are operating at maximum capacity which is a considerable force that keeps the global caprolactam prices low. In January 2017, prices hit a two year high of USD 1,830/ton. There has been a more than 30% price reduction in prices post shale gas boom leaving manufacturers bankrupt. In the 2016-2017 period, with manufacturers shutting down production, the prices are showing an increase; however, the prices haven’t reached an optimum level to attain a profit for producers.
Grand View Research has segmented the global cyclohexane market on the basis of application, end-use:
Cyclohexane Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
  • Adipic acid
  • Caprolactam
  • Others
Cyclohexane End-use Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
  • Nylon 6
  • Nylon 66
  • Others
The global market of cyclohexane is highly competitive and fairly concentrated, with top six companies accounting for maximum share of the global production in 2016. Key participants include Sinopec Limited, BASF, BP PLC, Koninklijke DSM N.V. and Sigma-Aldrich Corporation.
Application development and customized applications are expected to be key parameter for being competitive, with frequent mergers and acquisitions being undertaken as an attempt to diversify application portfolio and gain market share.

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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