Global Cyclohexylbenzene Market Size To Grow USD 486.05 Million By 2030 | CAGR 5.5 %

Global Cyclohexylbenzene Market Size To Grow USD 486.05 Million By 2030 

According to a research report published by Spherical Insights & Consulting, the Global Cyclohexylbenzene Market Size to grow from USD 300.2 million in 2021 to USD 486.05 million by 2030, at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period.

The demand for Cyclohexylbenzene is being driven by its expanding range of uses as a chemical intermediate across numerous industries. Applications for paint, coatings, and chemical manufacture will keep generating growth opportunities for cyclohexylbenzene in the market.

Browse key industry insights spread across 190 pages with 120 Market data tables and figures & charts from the report on the "Global Cyclohexylbenzene Market Size, Share, and COVID-19 Impact Analysis By Product (Standard and High Purity), By Application (Plastics, Metalworking, Adhesives, Electrical & Electronics, and Chemical Production), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030."  

View a detailed Table of Content here–https://www.sphericalinsights.com/reports/cyclohexylbenzene-market

The COVID-19 pandemic has made an adverse impact on credit portfolios. There has been an unprecedented rise in unemployment and disruption in economic activity, putting a strain on the solvency of customers and companies. Central banks have taken a proactive approach by injecting liquidity into the market by lowering interest rates and asset purchase programs. Managing and monitoring credit, market, liquidity, and operational risk across financial markets were hard enough with ongoing geopolitical tensions, international trade wars, and the occasional hurricanes and earthquakes. The current pandemic situation has forced chief risk officers and their teams to recalibrate old assumptions and models used to manage and monitor risk. COVID-19’s global impact has shown that interconnectedness plays an important role in international cooperation. As a result, many governments started rushing toward identifying, evaluating, and procuring reliable solutions powered by AI.

The High Purity segment to account for the largest market size during the forecast period

 Based on the Product, the global Cyclohexylbenzene market is categorized into Standard and High Purity. The High Purity segment to account for the largest market size during the forecast period. Supreme purity Due to an increase in global research and development activities, cyclohexylbenzene is utilized for laboratory and research applications and is growing healthily and are anticipated to drive the market's ability to increase revenues.

The Chemical Production segment to hold a higher CAGR during the forecast period

   Based on the Application, the Cyclohexylbenzene market is categorized into Plastics, Paints & Coatings, Electrical & Electronics, Adhesives, and Chemical Production. The Chemical Production segment to hold a higher CAGR during the forecast period. Widespread use as an intermediary in the creation of numerous compounds cyclohexylbenzene is anticipated to drive the market's ability to increase revenues. Chemicals like phenol, epoxy resins and others are produced using cyclohexylbenzene. There is a sizable demand in the market for these cyclohexylbenzene-based compounds due to their wide range of uses which are anticipated to drive the market's ability to increase revenues.

Asia-Pacific to hold a higher CAGR during the forecast period.

The Global Cyclohexylbenzene Market has been segmented into five major regions:  North America, Europe, Asia-Pacific, South America, The Middle East and Africa. North America is estimated to account for the highest market share in 2022. According to Future Market Insights, North America will continue to be one of the most alluring markets during the forecast period. One of the key elements promoting market expansion is the U.S.'s significant concentration of pertinent end-use sectors. The nation is ranked highly in terms of disposable income and expenditures for infrastructure development. These elements boost the nation's need for paints and coatings, which in turn gives cyclohexylbenzene producers numerous opportunities.

Major vendors in the Global Cyclohexylbenzene Market include Schultz Canada Chemicals Ltd., Biosynth Carbosynth, Henan Tianfu Chemicals Co. Ltd., Changsha Easchem Co., Ltd.,Hefei TNJ Chemical Co. Ltd., Jiangsu Zhongneng Chemical Technology Co., Ltd., Syntechem Co. Ltd. and, SAGECHEM, Xingrui Industry Co. Ltd., Eastman, CEC Limited core competency, BASF SE, Exxon Mobil Corporation, China National Petroleum Corporation, LG Chem, and Mitsubishi Chemical Holdings Corporation.

Some of the Key Developments:

• In August 2022- Tokyo Chemicals Industry, Co., Ltd. announced the introduction of a digital storefront built on the SAP Commerce Cloud solution and Digital Customer Experience (DCX) methodology and developed by Capgemini.

• In May 2022- SP Chemicals is the first local styrene facility to deploy StyroSim, an Industry 4.0 technology, thanks to BASF SE. The dynamic and user-friendly digital tool makes use of big data analysis to increase the efficiency of the styrene catalyst. Big data analysis, automated data transfer, and process modeling and optimization work together to increase production and operational efficiency in plants.

• In January 2021- For USD 5 billion, INEOS Capital Limited purchased the Aromatics and Acetyls businesses from BP plc. The companies will operate under the names INEOS Aromatics and INEOS Acetyls. The acquisition will increase the worldwide polyester business's capabilities and portfolio, which already comprises polyester fiber, film, and PET packaging.

Market Segment

This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Cyclohexylbenzene market based on the below-mentioned segments:

Global Cyclohexylbenzene Market, By Product

• Standard
• High Purity

Global Cyclohexylbenzene Market, By Application

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

Global Cyclohexylbenzene Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico

• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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