PUBLISHER: Allied Market Research | PRODUCT CODE: 1179714
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179714
The global vinyl cyclohexane market was valued at $57.4 million in 2021, and is projected to reach $94.8 million by 2031, growing at a CAGR of 5.3% from 2022 to 2031.
Vinyl cyclohexane is an organic chemical derived from crude oil and other similar natural resources that can be synthesized in the laboratory through the Diels-Alder dimerization of 1,3-butadiene. The respective reaction occurs under conditions of high temperature and pressure in the presence of a copper salt and silicon carbide catalyst. As a raw material for the production of a variety of chemicals, polymers, and monomers, such as 2-cyclohexyl propanol and 1-vinyl cyclohexane, the respective product is extraordinarily valuable to polymer industries.
Vinyl cyclohexane is physically colorless and insoluble in water. Vinyl cyclohexane is classified as a Group 2B carcinogen by the International Agency for Research on Cancer (IARC). According to Sigma-Aldrich, the product costs between $65 and $68 per 5g. Sigma-Aldrich is a leading manufacturer of chemicals.
Increased demand for vinyl cyclohexane by the paints and coatings industry in developed and developing economies is the primary factor driving market expansion. An increase in application areas for vinyl cyclohexane, such as in medical devices, and the growth and expansion of various end-user industries, particularly in developing economies, will also have a direct and positive effect on the market's growth rate. An increase in demand from the polymer industry, coupled with an anticipated increase in potential product applications in polymerization, a rise in expenditures for R&D capabilities by the major companies, an increase in automobile production that incorporates the use of nylon, and a surge in emphasis on technological advancements and modernization in production techniques is further projected to fuel the expansion of the market. Insufficiency in raw material demand and supply as a result of the lockdown and volatility in their prices will pose a significant obstacle to the expansion of the market. High costs associated with rising environmental safety and conservation concerns, R&D competency, increasing availability of substitutes, hazardous effects on human health, and stringent global trade restrictions decline market growth.
The vinyl cyclohexane market is segmented into purity, end-use industry, and region. Depending on purity, the market is divided into 95%, 97%, and ≥ 98%. On the basis of end-use industry, it is categorized into chemical, building & construction, pharmaceutical, paints & coatings, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global vinyl cyclohexane market are BASF SE, British Petroleum, Cepsa, Chevron Phillips Chemical Company LLC, Clariant Ltd, China National Petroleum Corporation, Dow Inc, DuPont, Exxon Mobil Corporation, Huntsman Corporation, Liaoning Yufeng Chemical Co., Ltd, Merck KGaA, SABIC, Thermo Fisher Scientific Inc, Toray Industries, Inc. Other players operating in the market are PTT Global Chemical Public Company Limited, DSM, and Norquay Technology.
IMPACT OF COVID-19 ON THE GLOBAL VINYL CYCLOHEXANE MARKET
Key Benefits For Stakeholders
By Purity
By End-Use Industry
By Region