Cyclohexane Market

Cyclohexane Market Study by Adipic Acid and Caprolactam for Nylon 6, Nylon 66, and Others from 2024 to 2034

Analysis of Cyclohexane Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Cyclohexane Market Outlook (2024 to 2034)

The global cyclohexane market is estimated at a value of US$ 28.7 billion in 2024 and is forecasted to ascend to US$ 46.3 billion by the end of 2034. Worldwide sales of cyclohexane are evaluated to rise at 4.9% CAGR from 2024 to 2034.

Cyclohexane is a flammable, nonpolar, colorless liquid having a detergent-like odor. Hetero-substituted cyclohexane is mostly found in chair conformations, with one or more CH2 groups replaced by O or NR. Cyclohexane is an alicyclic hydrocarbon with a ring of six carbon atoms and is used as a raw ingredient in the production of nylon. It serves the purpose of a non-polar solvent.

Cyclohexane is extensively utilized as a solvent in various industrial applications such as the production of adipic acid and caprolactam, which are important raw materials in the manufacturing of nylon. A key reason behind the cyclohexane market size expansion is the increasing demand for nylon products and textiles in the worldwide market.

Key Market Growth Drivers

  • Cyclohexane is utilized as an industrial intermediate chemical in the production of tetrahydrobenzoic acid, adipic acid, and malic acid.
  • Cyclohexene acts as a catalytic solvent, dissolving other chemicals or compounds. It is used with solvents such as acetone, benzene, carbon tetrachloride, dichloromethane, and toluene.
  • Demand for cyclohexane is increasing as a solvent to make polymers, lubricants, and fuels.
  • Cyclohexane market growth is driven by increasing its utilization in various industrial applications such as paint industry solvents, fuels and adhesives, organic chemistry reagents, and airplane fuel.
  • Cyclohexane is being extensively utilized in the production of paint, rubber, and other industrial products.
  • Increasing demand for lightweight and durable materials is boosting the demand for nylon-based products in various applications such as automotive parts, packaging, and textiles. Cyclohexane plays a crucial role in nylon production.
  • Technological advancements in the production process such as hydrogenation of benzene are one of the major cyclohexane market trends.
Report Attribute Detail
Cyclohexane Market Size (2024E) US$ 28.7 Billion
Forecasted Market Value (2034F) US$ 46.3 Billion
Global Market Growth Rate (2024 to 2034) 4.9% CAGR
East Asia Market Share (2024E) 22.7%
North America Market Value (2024E) US$ 4.7 Billion
Revenue from Adipic Acid Segment (2034F) US$ 13.5 Billion
Key Companies Profiled Chemex Organchem Pvt. Ltd.; Citgo; Merck KGaA; Huntsman International LLC; Chevron Phillips Chemical Company; Idemitsu Kosan Co. Ltd.; Shandong Shenxian Luyuan Chemical; BASF; Reliance Industries Limited; Clariant; The Dow Chemical Company.

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What are the Profitable Opportunities Awaiting Cyclohexane Manufacturers?

“Growing Demand for Nylon 6 & Nylon 66 in Various Industrial Applications”

Primary factor behind the expansion of the market is the increasing demand for nylon polymers called nylon 6 and nylon 66. Demand for these nylon products is increasing because of their excellent qualities such as strength, durability, and versatility.

Nylon 6 and Nylon 66 are widely utilized in several industries such as automotive, construction, textile, and many others. Cyclohexane is a key source of adipic acid and caprolactam, which are important precursors for the synthesis of nylon. The need for cyclohexane is increasing as a raw material due to the growing demand for nylon from various industries.

“Widespread Use of Cyclohexane as Key Ingredient in Sealants, Adhesives, and Coatings”

Cyclohexane plays a significant role as a chemical compound, and its usage is expanding beyond industrial applications like nylon manufacturing. The demand for cyclohexane is growing in the paint and coating industry, where it is becoming a crucial ingredient in mixtures for various adhesives, sealants, and coatings. Additionally, cyclohexane serves as a key precursor for synthesizing important compounds such as cyclohexanol and cyclohexanone, which are used in the production of perfumes, plasticizers, and medications.

Which Factor is Hindering Demand Growth for Cyclohexane?

“Fluctuations in Raw Material Prices”

Price changes in raw materials, particularly benzene, are significantly impacting cyclohexane manufacturing costs, making the product more expensive and competitive in the market. Since benzene is the starting material for cyclohexane, fluctuations in crude oil prices directly influence the cost of benzene, affecting the entire cyclohexane production cycle. As crude oil prices rise, the cost of benzene increases, leading to higher manufacturing costs for cyclohexane producers. Conversely, a drop in crude oil prices lowers benzene costs, boosting the profitability of cyclohexane manufacturers.

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Country-wise Insights

The East Asia region is in a leading position and is poised to hold 22.7% of the global cyclohexane market share in 2024. The market in North America is forecasted to expand at a steady 5.4% CAGR from 2024 to 2034, thus providing several growth opportunities due to the increasing need for cyclohexane in various industrial applications in the region.

What Positions the United States as a Leading Exporter of Cyclohexane?

“Advanced Manufacturing Capabilities and Abundant Feedstock Sources”

Attribute United States
Market Value (2024E) US$ 3.7 Billion
Growth Rate (2024 to 2034) 5.8% CAGR
Projected Value (2034F) US$ 6.5 Billion

The United States is among the top countries that export cyclohexane. Because of its advanced manufacturing capabilities and vast feedstock sources, the United States is a key supplier of cyclohexane to several regions of the world. Due to rising demand for cyclohexane, South Asia, the Pacific, and Latin American countries, which are in the process of industrializing and developing infrastructure, present an appealing export opportunity for cyclohexane manufacturers in the United States. The United States benefits from increased cyclohexane sales as a result of the industrial expansion in these regions and the growing demand for chemicals, thus enhancing trade balance and fostering economic development.

Why is Japan Significantly Reliant on Cyclohexane?

“Extensive Use of Cyclohexane Linked to Increased Production and Consumption of Nylon”

Attribute Japan
Market Value (2024E) US$ 2 Billion
Growth Rate (2024 to 2034) 3.2% CAGR
Projected Value (2034F) US$ 2.8 Billion

Japan stands prominently among the top-producing nations of cyclohexane, benefiting from its thriving manufacturing sectors encompassing textiles, electronics, and automobiles. The country's substantial reliance on cyclohexane as a primary raw material is rooted in its status as a major producer and user of nylon.

Nylon as a synthetic polymer offers a broad spectrum of applications, spanning from textiles to electronic devices to automotive components, owing to its inherent resilience and adaptability. As these industries continue to advance and innovate, the demand for nylon is escalating. This gives rise to the necessity for cyclohexane as a pivotal ingredient in the manufacturing landscape.

Category-wise Insights

Based on end use, the market is segmented into nylon 6, nylon 66, and others. The nylon 6 segment is projected to hold a significant global market share throughout the projection period due to its increasing application in various industries.

What is the Reason Behind Extensive Use of Cyclohexane in Adipic Acid Production?

“Low Cost and High Manufacturing Efficiency of Cyclohexane”

Attribute Adipic Acid
Segment Value (2024E) US$ 8.3 Billion
Growth Rate (2024 to 2034) 5% CAGR
Projected Value (2034F) US$ 13.5 Billion

Demand for cyclohexane is rising in the production of adipic acid, and this segment is expected to hold 28.9% of the global market share in 2024 and is further projected to account for 29.1% by the end of 2034. The demand for cyclohexane in adipic acid manufacturing is rising due to the increasing need for nylon, a major application of adipic acid.

Nylon is utilized in a variety of sectors, including automotive, textiles, and packaging, and the growing need for these products is driving up the demand for adipic acid, resulting in increased demand for cyclohexane as a raw material for its manufacturing. Also, cyclohexane is recommended for adipic acid synthesis due to its low cost and high manufacturing efficiency.

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Competitive Landscape

Key players in the cyclohexane market are focusing on expanding their coverage in various countries to increase their profit margins. The increasing utilization of cyclohexane in various industries such as electric & electronics, automotive, and textile is a motivating factor for businesses to enter the market, which is taking the competition to the next level.

  • In December 2021, Cepsa Qumica created a new range of sustainable goods based on scientific achievements and creativity, including recyclable and renewable raw materials.
  • In August 2021, Invista Nylon Chemicals Company announced intentions to invest more than US$ 235 million in Shanghai Chemical Industry Park to increase nylon 66 polymer production to fulfill the rising demand for engineering plastics in electrical and other industries.
  • In 2021, Chevron Phillips Chemical Company LLC announced the development of a new plant in China to produce high-purity cyclohexane. The factory was anticipated to be finished in 2023, catering to Asia Pacific's expanding need for cyclohexane.

Fact.MR provides detailed information about the price points of key manufacturers of cyclohexane positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of Cyclohexane Market Research

  • By Application :

    • Adipic Acid
    • Caprolactam
  • By End Use :

    • Nylon 6
    • Nylon 66
    • Others
  • By Region :

    • North America
    • Western Europe
    • Eastern Europe
    • Latin America
    • East Asia
    • South Asia & Pacific
    • Middle East & Africa

- FAQs -

How big is the cyclohexane market in 2024?

The global market for cyclohexane is estimated at US$ 28.7 billion in 2024.

What are the future projections for cyclohexane?

Worldwide sales of cyclohexane are projected to reach US$ 46.3 billion by the end of 2034.

How fast is the market for cyclohexane forecasted to expand?

Sales of cyclohexane are projected to rise at 4.9% CAGR between 2024 and 2034.

Which region is projected to account for a higher market share?

The East Asia region is forecasted to account for 22.7% of the global market share in 2024.

What is the projected growth rate for the market in South Korea?

The market in South Korea is projected to rise at a CAGR of 9.5% through 2034.

Who are the leading manufacturers of cyclohexane?

Key producers of cyclohexane include Chemex Organchem Pvt Ltd., Citgo, Merck KGaA, and Huntsman International LLC.

Which application holds a significant market share?

Adipic acid is projected to account for a market share of 29.1% by 2034.

- Also of Interest -

Nylon Market

Nylon Market Analysis By Product Type (Nylon 6, Nylon 66), By Application (Automobile, Engineering Plastics, Textiles, Electrical & Electronics), and Region - Global Market Insights 2023 to 2033

Caprolactam Market

Caprolactam Market Analysis By Product (Nylon 6 Fibers, Nylon 6 Resins), By End Use (Construction, Textiles, Plastics, Automobiles) & By Region – Global Market Insights 2023 to 2033