Cyclohexylbenzene Market Growth Analysis | 2024-2030

Market Insights

The cyclohexylbenzene market was estimated at USD 430 million in 2023 and is likely to grow at a CAGR of 3.94% during 2024-2030 to reach USD 565.84 million in 2030.

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Market Dynamics

Introduction

Cyclohexylbenzene is an organic compound consisting of a benzene ring attached to a cyclohexane ring. It has the molecular formula C12H16 and appears as a colorless liquid with a faint aromatic odor. Cyclohexylbenzene is commonly used as a solvent in industrial applications, particularly in organic synthesis and chemical reactions requiring high thermal stability. It also serves as a precursor in the production of other chemicals, including phenol and adipic acid, which are used in polymers and resins. Its unique structure provides properties like low volatility and chemical resistance, making it valuable in specialty chemical manufacturing.

Market Drivers

The major factors driving the growth of the cyclohexylbenzene market are:

• Rapid growth in the electronics industry.
• The growing construction industry.
• Increasing demand for electric vehicles globally.

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Key Players

Some of the key players in the market are:

• ABCR Gmbh
• Amadis Chemical
• Biosynth Carbosynth
• Clearsynth Labs Limited
• Hairui Chemical
• Oakwood Chemical
• Santa Cruz Biotechnology
• Sigma-Aldrich
• Thermo Fisher Scientific
• Tokyo Chemical Industry Co., Ltd.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Type

Based on the type, the market is segmented as electronic grade and industry grade. The industry grade is estimated to witness a significant growth rate in the market on account of rising industrialization and various government policies favoring industrialization across the world, such as tax incentives for R&D investments and duty rationalization for improved infrastructure during the forecast period.

By Application Type

Based on the application type, the market is segmented as intermediate, solvent, and others. The solvent application type is estimated to account for the major share of the market owing to its wide utilization in painting, plastics, and adhesives. The growing automotive industry is fueling the demand for cyclohexylbenzene as a solvent in paint and plastic products used in the automobile industry across the globe during the forecast period.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the leading region of the market on account of the growing construction industry in the region, with China and India being the major countries with lucrative growth opportunities during the forecast period. Factors such as cyclohexylbenzene being widely used for the manufacturing of phenol and Asia-Pacific being the largest phenol derivatives market is further expected to fuel the product demand in the regional market over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects cyclohexylbenzene market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

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

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The cyclohexylbenzene market is segmented into the following categories:

By Type

• Electronic Grade
• Industry Grade

By Application Type

• Intermediate
• Solvent
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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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 types by application type.

Competitive Benchmarking

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

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.