According to Stratview Research’s latest report, titled “Cyclohexylbenzene Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028”, the Cyclohexylbenzene Market is segmented by Type (Electronic Grade and Industry Grade), by Application Type (Intermediate, Solvent, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Cyclohexylbenzene Market.
Market Insights
According to analysts, the Cyclohexylbenzene market was estimated at USD 395.96 million in 2021 and is likely to grow at a CAGR of 3.96% during 2022-2028 to reach USD 520.8 million in 2028.
Market Dynamics
The growth of the cyclohexylbenzene market is primarily driven by-
- Rapid growth in the electronics industry,
- The growing construction industry,
- Increasing demand for electric vehicles globally
What is Cyclohexylbenzene?
Cyclohexylbenzene is basically an organic compound. It is a colorless liquid that is formed by the alkylation of benzene with cyclohexene.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Cyclohexylbenzene Market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market. The vital data provided in the report can play a vital role in assisting market participants and investors in identifying low-hanging fruits available in the market as well as developing growth strategies to accelerate their growth process.
Segments Analysis
Based on the type, the market is segmented as electronic grade and industry grade. The industry grade is estimated to witness a significant growth rate in the market on account of rising industrialization and various government policies favoring industrialization across the world, such as tax incentives for RD investments and duty rationalization for improved infrastructure during the forecast period.
Based on the application type, the market is segmented as intermediate, solvent, and others. The solvent application type is estimated to account for the major share of the market owing to its wide utilization in painting, plastics, and adhesives. The growing automotive industry is fueling the demand for cyclohexylbenzene as a solvent in paint and plastic products used in the automobile industry across the globe during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the leading region of the market on account of the growing construction industry in the region, with China and India being the major countries with lucrative growth opportunities during the forecast period. Factors such as cyclohexylbenzene being widely used for the manufacturing of phenol and Asia-Pacific being the largest phenol derivatives market is further expected to fuel the product demand in the regional market over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
The list of Key Players in the report are -
The market for Cyclohexylbenzene is gradually consolidating with major companies that are performing mergers acquisitions to quickly gain the leading position and to tap the growing opportunities in this briskly expanding market. Some of the major key players in the Cyclohexylbenzene Market are listed below.
- ABCR Gmbh
- Amadis Chemical
- Biosynth Carbosynth
- Clearsynth Labs Limited
- Hairui Chemical
- Oakwood Chemical
- Santa Cruz Biotechnology
- Sigma-Aldrich
- Thermo Fisher Scientific
- Tokyo Chemical Industry Co., Ltd.
Report Features -
This market report includes the following features –
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints.
- Market trend and forecast analysis.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, MAs etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
Custom Research:
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About Stratview Research –
Stratview Research is a leading market research firm that offers wide range of services like syndicated market reports, consulting, sourcing intelligence, and customer research, etc. Stratview Research’s offerings include comprehensive market intelligence in the form of research reports, and consulting services. Our team which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 500 companies.
