Cyclohexanone Market By Application (Nylon Production and Solvent), By End-Use (Textile Industry, Printing & Dying Industry, Pharmaceutical, Agricultural Industry, and Others), and By Region - Trends, Analysis and Forecast till 2030

Cyclohexanone market accounted for USD 7.64 Billion in 2020 and is estimated to be USD 11.83 Billion by 2030 and is anticipated to register a CAGR of 4.5%.

Cyclohexanone is a chemical which is slightly soluble in water. It is colorless organic compound having a pleasant odor similar to acetone. Cyclohexanone consists of 6 carbon cyclic molecule with ketone group. It is lighter than water and its gasses are heavier than air. It is formed by oxidizing cyclohexane in presence of catalyst such as cobalt, which results in a mixture called as KA oil or ketone alcohol oil. Cyclohexanone is extensively used as an organic solvent. It is capable of dissolving nitrocellulose, PVC, cellulose ethers, poly (methyl methacrylate), polystyrene, polyvinyl acetate, modified phenol resin, phenol resin, coumarone resin, and various natural resins. It is broadly used for solvent coating due to its superior properties which includes low volatility, mutual solubility, low toxicity, and good dissolvability.

Rising demand for pesticides

Growing demand for pesticide due to rising usage in agricultural industry demand may boost the cyclohexanone market growth over the forecast period. Cyclohexanone is used in agricultural industry as a solvent to dissolve pesticides and herbicides such as DDT and organophosphorus pesticides. It is also utilized in pharmaceutical industry as a derivative to produce various drugs thereby propelling the global market growth. Rising demand for nylon in textile, electronic industry, and personal safety equipment due to its low conductivity and excellent heat resistance are the main factors which may boost the cyclohexanone market growth. The product is utilized as a precursor to nylon. It is used to produce adipic acid a major constituent of nylon 66 and caprolactam a monomer of nylon 6 thereby driving the product demand. Cyclohexanone is slightly harmful to humans. Its oral consumption, inhalation, and dermal exposure may cause health hazards sue to its acute toxicity and flammable nature. However, the health hazards related with the product are low, but general protection against inhalation, eye, and skin contact is necessary.

Cyclohexanone market is segmented based on application, end-use and region.

On the basis of application, the cyclohexanone market is segmented into nylon production and solvent. Based on end-user, the target market is segmented into textile industry, printing & dying industry, pharmaceutical, agricultural industry, and others.

Regional Insights:

Cyclohexanone market accounted for US$ 7.64 billion in 2020 and is estimated to be US$ 11.83 billion by 2030 and is anticipated to register a CAGR of 4.5%. On region the cyclohexanone market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market may register a significant growth over the forecast period. Growth of lubricants due to increasing demand for automobiles is the key factor boosting the regional market size. Europe cyclohexanone market witness a substantial growth over the forecast period. Growing demand for adhesives in automobile sector due to their overheating and friction reduction action in engines is likely to propel the product demand in this regional. Asia pacific may witness a significant growth by the year 2025. Increasing demand for nylon due to growing applications in textile and plastic industries is boosting the regional market growth

Cyclohexanone market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the cyclohexanone market report based on application, end user and region.

Cyclohexanone Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating the cyclohexanone market includes Dow chemicals, Gujarat State Fertilizers & Chemicals, Sinopec Limited, BASF, Domo chemicals, Shreeji Chemicals, Fibrant, jigchem Universal, Innova Corporate, and Arihant chemicals. Key players are actively engaged in research & product development, technological advances and even strategic collaborations to enhance their standing globally. The manufacturers involved in the market are importing cyclohexane to decrease reliance on local companies.

• Dow chemicals.
• Gujarat State Fertilizers & Chemicals
• Sinopec Limited
• BASF
• Domo chemicals
• Shreeji Chemicals
• Fibrant
• BNTX Inc.
• jigchem Universal
• Innova Corporate
• Arihant chemicals