Global Cyclohexylbenzene Market - Industry Trends and Forecast to 2029

Market Analysis and Size

Cyclohexylbenzene has emerged as an important material across various industries, such as painting, adhesives and plastics, among others. It is widely being utilized in the preperation of common intermediates for chemical products, including phenol and cyclohexanone. It has find application in the preparation of LCD (liquid crystal display) material.

Global Cyclohexylbenzene Market was valued at USD 2481.60 million in 2021 and is expected to reach USD 3242.62 million by 2029, registering a CAGR of 3.40% during the forecast period of 2022-2029. High Purity is expected to witness high growth in the product type segments of the market owing to the high use for laboratory and research purposes. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Market Definition

Cyclohexylbenzene, also known as phenylcyclohexane, refers to a clear, colorless oily liquid with molecular formula C12H16 that tends to dissolve in compounds such as alcohol, hexane, carbon tetrachloride, acetone, benzene, and castor oil. It is widely deployed in the manufacturing of liquid crystal displays (LCD), lithium batteries and plastics due to its insolubility in glycerol and water.

Report Scope and Market Segmentation

Cyclohexylbenzene Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Use of Cyclohexylbenzene in the Production of Lithium-Ion Battery

The increase in the use of cyclohexylbenzene in the production of lithium-ion battery electrolytes acts as one of the major factors driving the growth of cyclohexylbenzene market. It is known to be one of the major raw materials in the production of LCD material intermediate 4-ethyl cyclohexyl benzoic acid.

• Favorable Policies

The implementation of favorable policies for promoting electric vehicles along with increase in economies of scale and overcapacity in component manufacturing accelerate the market growth. Also, the use of electronic grade cyclohexylbenzene increasing the sales of sales of smartphones and PC has a positive impact on the market.

• Use in Various Industries

The use of cyclohexylbenzene in numerous end-use industries further influence the market. This material is utilized as a penetrant in painting, plastics and adhesives industries, and as high boiling point solvent in chemical engineering. These are also being deployed as carriers for disinfectants and aerosols.

Additionally, the surge in investments, expansion of manufacturing industries, usage in consumer goods  and rapid industrialization positively affect the cyclohexylbenzene market.

Opportunities

Furthermore, research and development to develop more efficient renewable and environmentally friendly products extend profitable opportunities to the market players 2022 to 2029. Also, rise in demand for organic solvents will further expand the market.

Restraints/Challenges faced by the Cyclohexylbenzene Market

On the other hand, stringent regulations imposed by governments against the production and use of cyclohexylbenzene are expected to obstruct the market growth. It has been categorized under National Hazardous Substances list by U.S., the Environmental Protection Agency (EPA) and Occupation Safety Hazard Administration (OSHA). Also, availability of substitutes is projected to challenge the cyclohexylbenzene market in 2022-2029.

This cyclohexylbenzene market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cyclohexylbenzene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Cyclohexylbenzene Market

COVID-19 had a negative impact on various industries including cyclohexylbenzene market. Both public and government sectors suffered greatly due to the facing financial crises during the outbreak of COVID-19. Businesses were shut down in numerous countries because of the social distancing guidelines and the imposition of lockdown. The cyclohexylbenzene industry faced huge problems due to the shortage of laborers declining the low production. A decline in the demand cyclohexylbenzene was witnessed owing to the limited production and shut down of industries, such as paints and coatings, and chemical, among others. However, the cyclohexylbenzene market is expected to witness growth in demand after the post-covid-19 situation.

Global Cyclohexylbenzene Market Scope and Market Size

The cyclohexylbenzene market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Standard
• High Purity

Application

• Plastics
• Paints and Coatings
• Adhesives
• Electrical and Electronics
• Chemical Production

Cyclohexylbenzene Market Regional Analysis/Insights

The cyclohexylbenzene market is analyzed and market size insights and trends are provided by country, product type and application as referenced above.

The countries covered in the cyclohexylbenzene market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the cyclohexylbenzene market because of the high concentration of relevant end-use industries and high demand for paints and coatings within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the strong presence of export-oriented manufacturing units in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Cyclohexylbenzene Market

The cyclohexylbenzene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cyclohexylbenzene market.

Some of the major players operating in the cyclohexylbenzene market are

• Thermo Fisher Scientific (US)
• Merck KGaA (US)
• KISHIDA CHEMICAL Co.,Ltd. (Japan)
• Schultz (Canada)
• TCI Chemicals (India) Pvt. Ltd. (Japan)
• J&H CHEM Co., Ltd. (US)
• AA Blocks (US)
• Santa Cruz Biotechnology, Inc. (US)
• Sinfoo Biotech (China)
• Biosynth Carbosynth. (UK)
• Henan Tianfu Chemical Co., Ltd (China)
• Changsha Easchem Co., Ltd. (China)
• Jiangsu Zhongneng Chemical Technology Co., Ltd. (China)
• SAGECHEM (China)
• XRchemical (China)
• Syntechem Co.,Ltd (China)
• abcr GmbH (Germany)
• Alfa Chemistry. (US)
• Angene Chemical (India)

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