Market Research Report
Cyclohexane Market Analysis By Application (Adipic Acid, Caprolactam), By End-use (Nylon 6, Nylon 66), Competitive Landscape, And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||557193|
|Published||Content info||105 Pages
Delivery time: 2-3 business days
|Cyclohexane Market Analysis By Application (Adipic Acid, Caprolactam), By End-use (Nylon 6, Nylon 66), Competitive Landscape, And Segment Forecasts, 2014 - 2025|
|Published: August 10, 2017||Content info: 105 Pages||
The global cyclohexane market is expected to reach USD 32.3 billion by 2025, growing at a CAGR of 4.9% according to a new report by Grand View Research, Inc. Globally changing consumer behavior towards sustainability has been a significant factor driving market growth. Also, the increasing use in 3D printing is positively influencing the demand for the cyclohexane and its products.
Growing population coupled with rapid urbanization and industrialization in emerging economies has also driven federal governments to increase their manufacturing spending to cater to the rising demand. The low production cost and relaxed government regulations further boosting the demand for cyclohexane in the global market. Also, global Nylon 6 Production is estimated to increase at a rapid rate, which is expected to increase demand for cyclohexane globally.
Recently, there has been a growing impetus towards the provision of greater quality products to retain customer loyalty, since low switching costs & lowly differentiated products have reduced supplier power in recent years. Companies are thus actively engaged in product development & research, technological advances and even strategic collaborations to improve their standing in the global market.
Key industry participants include Sinopec Limited, BASF, BP PLC, Koninklijke DSM N.V. and Sigma-Aldrich Corporation, who dominate the cyclohexane industry in terms of production.
Improving supply chain efficiencies, and establishing exclusive supply agreements shall be a key factor in improving profitability of producers.