Global Cyclohexanol & Cyclohexanone Market Demand & Forecast Analysis, 2018-2034

Description

The global cyclohexanol and cyclohexanone market was valued at around USD 15 billion in 2024 and is projected to surpass USD 20 billion by 2034, growing at a CAGR of ~4%. This steady growth is underpinned by strong demand from downstream industries, particularly nylon production, where these chemicals serve as critical intermediates.

Market Overview and Key Drivers

Cyclohexanol is mainly used in as raw material to produce caprolactam and adipic acid, which are key precursors to Polyamide 6 (PA 6) and Polyamide 6,6 (PA 66) widely used in end use industries such as textiles, automotive, films, and coatings. Cyclohexanone, often produced alongside cyclohexanol, shares similar end-use markets.

These chemicals are derived from cyclohexane, which is either refined from crude oil or obtained as a byproduct of petroleum refining. The production process starts with purification to remove unwanted components like sulfur and nitrogen.

Demand Trends

In 2024, global demand for cyclohexanol and cyclohexanone exceeded 7,000 kilo tons, having grown at an average annual rate of 2.5% since 2018. Going forward, the market is estimated to register a CAGR of 3% through 2034, driven by rising production of nylon-based applications.

Applications at a Glance

Caprolactam: Accounts for over 65% of global consumption
Adipic Acid: Contributes another 30%
Others: Include solvents, coatings, dyes, and pharmaceuticals

Over 95% of all cyclohexanone produced globally is used to manufacture caprolactam and adipic acid, making nylon the dominant market driver.

Regional Outlook

Asia-Pacific leads the global market, holding over 60% share in 2024, with China playing a major role as both consumer and producer.
Western Europe and North America collectively account for around 30% of global demand.
This regional dominance is estimated to continue, especially in Asia, due to its strong manufacturing base and growing end-use sectors.

Production Landscape

Caprolactam Capacity (2024): ~9,700 kilo tons, with over 70% located in Asia-Pacific

Key producers: BASF, DOMO, Sumitomo Chemical, Fibrant, Capro Co., and Chinese domestic manufacturers

Adipic Acid Capacity (2024): ~4,500 kilo tons

China accounts for nearly 60%, followed by the USA (18%) and Western Europe (17%)

Major players: Invista, Ascend, Solvay, BASF, Asahi Kasei

Competitive Landscape

The market features a mix of global chemical giants and regional specialists. Key players include:

Gujarat State Fertilizers & Chemicals Ltd
UBE Industries
Idemitsu
PTT Public Company
Grodno Azot
JSC Kuibyshevazot
Total Petrochemical
ExxonMobil
BASF
CEPSA
BP Refining & Petrochemicals (Ruhr Oel JV)
Repsol YPF
Braskem
ConocoPhillips
CITGO among others

These companies are focused on capacity expansion, technological upgrades, and sustainable production practices to maintain competitiveness in a maturing market

1. Introduction

Scope
Market Coverage
- Application
- Regions
- Countries
Years Considered
- Historical - 2018 - 2023
- Base - 2024
- Forecast Period - 2025 - 2034
Research Methodology
- Approach
- Research Methodology
- Prismane Consulting Market Models
- Assumptions & Limitations
- Abbreviations & Definitions
- Conversion Factors
- Data Sources

2. Market Synopsis

Market Evolution
Demand Overview
Industry Structure
Strategic Issues
End-use Trends
Growth Forecast

3. Economic & Energy Outlook

GDP and Demographics
Monetary & Fiscal Policies
Crude Oil Production and prices
Natural Gas
Electricity Prices

4. End-use Sector Performance

Automotive
Textile
Others

5. Introduction to Cyclohexanol & Cyclohexanone and Market Overview

Product Description
Grades & Properties
Raw Material
Manufacturing Process
Environmental Issues
Value Chain
Applications

6. Market Dynamics and Industry Trends

Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges

7. Global Cyclohexanol & Cyclohexanone Demand Analysis, By Application (Volume, Value) (2018 - 2034)

Strategic Issues and COVID-19 Impact
Demand Analysis and Forecast (2018 - 2034)
- Demand
- Demand Growth Rate (%)
- Driving Force Analysis
- Global Cyclohexanol & Cyclohexanone Market, By Application
Adipic Acid
Caprolactam
Others

8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016-2036)

Strategic Issues and COVID-19 Impact
Demand Analysis and Forecast (2018 - 2034)
Demand
Demand Growth Rate (%)
Cyclohexanol & Cyclohexanone Market, By Application

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

North America
USA
Canada
Mexico
Western Europe
Germany
France
Italy
United Kingdom
Spain
Rest of Western Europe
Central & Eastern Europe
Russia
Poland
Rest of Central & Eastern Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Central & South America
Middle East & Africa

Note: CAGR will be calculated for all applications to arrive at the regional / global demand growth for the forecast period (2025 - 2034)

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

Market Attractiveness Assessment
Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

12. Company Analysis

Cyclohexanol & Cyclohexanone Manufacturers Profiles/ Company Analysis
- Basic Details
- Headquarter, Key Markets
- Ownership
- Company Financial
- Manufacturing Bases
- Global Turnover
- Total Employee
- Product Portfolio / Services / Solutions
- Key Business Strategies adopted and Prismane Consulting Overview
- Recent Developments
- Companies Covered -
Gujarat State Fertilizers & Chemicals Ltd
UBE Industries
Idemitsu
PTT Public Company
Grodno Azot
JSC Kuibyshevazot
Total Petrochemical
ExxonMobil
BASF
CEPSA
BP Refining & Petrochemicals (Ruhr Oel JV)
Repsol YPF
Braskem
ConocoPhillips
CITGO
Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

13. Appendices

Demand - Regions
Demand - Countries