Cyclohexane Market

Cyclohexane Market Outlook (2022-2032)

The global cyclohexane market has reached a size of US$ 23 Bn in 2022 and is expected to climb to US$ 42 Bn by 2032, expanding at a CAGR of 5.1% over the next ten years.

Asia Pacific will continue to account for the highest consumption of cyclohexane over the decade.

Which Factors are Assisting Cyclohexane Market Expansion?

“Rapidly Increasing Demand for Cyclohexane from Textile Industry”

Cyclohexane is used to make hexamethylene diamine, caprolactam, and adipic acid, which are then used to make Nylon 6,6 and Nylon 6. Nylon 6 is created by polymerizing caprolactam, and Nylon 6,6 is created by polymerizing hexamethylenediamine and adipic acid.

Some of the main applications of nylon include upholstery, carpets, typewriter ribbons, furnishings & floor coverings, fishing nets, nylon ropes and cordages, umbrella cloth, strimmer lines, conveyor belts, sutures, and others.

The most prevalent industrial grade of nylon is nylon 6. It is well-known for being a robust, abrasion-resistant material with high strength properties. Nylon 6 and nylon 6,6 are used to make a variety of lightweight and sheer garments like sarees, socks, stockings, and others, due to their high strength, low modulus, and exceptional abrasion resistance.

Increasing demand from the textile industry is one of the main factors projected to drive the global cyclohexane market during the forecast period.

“Strong Usage in Automobile Sector”

Strong usage in the automobile sector is expected to boost the global cyclohexane market during the forecast period. Nylon 6 resins are used in automobile applications such as cushioning and seat filling. Moreover, nylon filaments can be utilized to make automobile hoses, seat belts, and other items. Furthermore, multifilament nylon yarns are utilized to reinforce tire rubbers.

The onset of the COVID-19 pandemic had a detrimental impact on the automobile sector, thereby impacting the growth of the global cyclohexane market.

• As per OICA (International Organization of Motor Vehicle Manufacturers), approximately 77.83 million automobiles were manufactured worldwide in 2020, as opposed to 92.29 million automobiles manufactured in 2019, resulting in a 15.6% decline in the usage of nylon used to manufacture nylon safety belts, tire cords, seat filling and covering hoses, and other items.

However, with the relaxation of COVID-19 laws around the world, the automobile sector is likely to return to pre-COVID-19 levels during the forecast period. As a result, the global cyclohexane market is projected to experience strong growth in the near future as the use of nylon in vehicle production increases.

Which Region Accounts for High Consumption of Cyclohexane?

“Asia Pacific to Remain Dominant Region Market”

Asia Pacific dominated the global cyclohexane market and is expected to continue throughout the forecast period. Developing markets such as China and India are anticipated to present revenue-generation opportunities in the cyclohexane market in Asia Pacific.

China is expected to be the largest revenue generator in the cyclohexane market in Asia Pacific. This is attributed primarily to increased demand from end-user industries such as construction, textiles, and automotive.

• The Chinese construction industry was valued at approximately USD 1,048.2 billion in 2020 and touched USD 1,118.4 billion by 2021, with a growth rate of approximately 6.6%, resulting in a rise in the usage of cyclohexane and its derivatives for the manufacturing of different construction industry products such as plumbing fittings, ropes, carpeting fabrics, and others.

Moreover, manufacturers' heavy emphasis on producing lightweight automotive components and parts is expected to accelerate the growth of the cyclohexane market in Asia Pacific.

Furthermore, the expansion of caprolactam production plants in the region is projected to bolster regional market growth. In addition, expanding population and higher personal disposable income is expected to propel the cyclohexane market in Asia Pacific.

Product Overview

Cyclohexane is manufactured by catalytic hydrogenation of benzene. Cyclohexane is insoluble in water and colorless in nature. Cyclohexane is a key element in the manufacturing of caprolactum and adipic acid which are intermediates for manufacturing nylon.

Cyclohexane is used to produce cyclohexanone and cyclohexanol for nonprecursor use. There are two processes through which cyclohexane can be manufactured, viz., hydrogenation of benzene and cracking of natural gasoline.

Cyclohexane can also be used as a solvent, in chemical synthesis and reaction diluents. Cyclohexane is also used as a starting material for KA Oil and can be used as a substitute for benzene in some end-user applications.

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 the automotive and textile industries.

The major opportunity for cyclohexane is the 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.

Prominent Market Participants

Some of the well-known manufacturers of cyclohexane include Sunoco Chemicals, BASF SE, ExxonMobil Chemical, Cheveron Philips Chemical Company, and Huntsman Corporation.

Cyclohexane Industry Report Scope

Cyclohexane Industry Research Segmentation

By Application:

• Adipic Acid
• Caprolactam
• Others

By End Use:

• Nylon 6
• Nylon 66
• Others

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

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