Market Size of Cyclohexane Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cyclohexane Market Analysis
During the time frame of the forecast, the global cyclohexane market is expected to register a CAGR of over 3.5%.
The market was negatively impacted by COVID-19 in 2020. During the pandemic scenario, automotive manufacturing and construction activities were temporarily stopped during the lockdown to curb the spread of the COVID-19 virus. The lockdown decreased the demand for cyclohexane and its derivatives, such as nylon 6 and nylon 6-based products, including passenger safety belts, ropes, hoses, plastic auto parts, and carpeting fabric.
- In the short term, the market is likely to grow because of the growing ability to make Nylon 6 and the growing need for caprolactam in engineering resins.
- On the other hand, the industry's growth is expected to be hampered by rising environmental safety and wildlife protection concerns, as well as the volatility in raw material prices. These factors are expected to hinder the growth of the market studied.
- The cyclohexane market should benefit from the fact that more money is being put into Nylon 66 in developing countries like China, India, and Saudi Arabia.
