1,5-Cyclooctadiene Market Analysis | 2023-2028

Market Insights

The 1,5-Cyclooctadiene Market was estimated at US$ 233.46 million in 2022 and is expected to grow at a CAGR of 5% during 2023-2028 to reach US$ 313.76 million by 2028.

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What is 1,5-Cyclooctadiene?

1,5-Cyclooctadiene is a hydrocarbon with the molecular formula C8H12, featuring a cyclohexene ring fused to a cyclohexane ring. This compound is highly versatile and serves as a crucial building block in organic synthesis. Its most notable application is as a ligand in coordination chemistry, forming stable complexes with transition metals. The double bonds in its structure contribute to its reactivity, making it a valuable precursor in various chemical transformations. Researchers frequently employ 1,5-cyclooctadiene in the synthesis of diverse organic compounds, showcasing its significance in the field of organic chemistry.

Market Drivers

Increasing agricultural practices and growing adoption of organic farming in emerging economies, to meet the growing consumption requirements for the rising population, and increase in consumer preference for online purchases of groceries and food products owing to the COVID-19 Pandemic, resulting in an increased demand for polystyrene packaging are some of the major factors fueling the growth of the market over the forecast period.

Segments Analysis

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By End-Use Type

The 1,5-cyclooctadiene market is segmented into agrochemicals, cosmetics, food, rubber, construction, and others. Food is expected to account for the largest share of the market owing to the growing working population and increasing demand for packaged food during the forecast period, as 1,5-cyclooctadiene is broadly used as an additive in the food-packaging industry.

By Application Type

The market is segmented into specialty chemicals, solvents, catalyst ligands, elastomers, chemical intermediaries, and others. The catalyst ligand segment is expected to register the highest growth rate in the market on account of the increasing application of catalysts in various research and development activities during the forecast period across the globe, as catalyst ligand is widely used in multiple reaction processes for developing new products.

Regional Analysis

In terms of regions, Asia-Pacific is estimated to be the leading region of the market on account of growing urbanization and industrialization, rising construction industry, and growing per-capita and disposable incomes in various countries such as China, India, South Korea, and Thailand, offering lucrative growth opportunities coupled with the growing demand from personal care sector in the region during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Key Players

Some of the key players in the 1,5-cyclooctadiene market are -

• ABCR Gmbh
• AK Scientific, Inc.
• Biosynth Carbosynth
• BroadPharm
• Evonik Industries AG
• Hairui Chemical
• Oakwood Chemical
• Sigma-Aldrich
• Spex Certiprep, Inc.
• Tokyo Chemical Industry Co., Ltd.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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