PUBLISHER: Allied Market Research | PRODUCT CODE: 1239580
PUBLISHER: Allied Market Research | PRODUCT CODE: 1239580
The global cycloalkanes market was valued at $5.3 billion in 2021, and is projected to reach $9.1 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031.
Cycloalkanes (or cycloparaffins), often known as naphthene in the petroleum industry, are saturated hydrocarbons with carbon atoms connected in a ring configuration. The cycloalkane content of crude oil ranges from 30% to 60% globally. It is typically utilized as gasoline, which is one of the most commonly used fuel sources. It is also a fuel used in spark-ignited internal combustion engines that consists mostly of organic chemicals produced from the fractional distillation of petroleum.
The cycloalkanes market is segmented into type, application, and region. On the basis of type, the market is categorized into small rings, common rings, medium rings, and others. On the basis of application, it is categorized into pharmaceutical, personal care, oil and gas, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
In addition, the report covers profiles of key industry participants such as Alfa Aesar, Thermo Fisher Scientific, Ethos Chemical, Forecast Chemicals, Haldia Petrochemicals Limited, HCS Group, INEOS Group, Labdhi Chemicals, MARUZEN PETROCHEMICAL CO.,LTD., Reliance Industries Limited, and Tokyo Chemical Industry Co., Ltd. (TCI).