Global Cyclohexanone Market to reach USD 9.73 billion by 2027.
Global Cyclohexanone Market is valued approximately USD 7.75 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.30 % over the forecast period 2021-2027. Cyclohexanone is a natural compound with the formula (CH???) ???CO. This dry oil has a scent suggestive of that of acetone. consumption for the production of caprolactam is widely used in the production of nylon has increases the demand of Cyclohexanone across the forecast period. For Instance: AdvanSix is an American substance organization that produces nylon 6 and related synthetic compounds, for example, caprolactam and ammonium sulfate manures. It worked as Honeywell's Resins and Chemicals division until 2016, when it was turned off as a different company.The unit represented 3% of Honeywell's deals at the time.For 2019, income is assessed at $1.4 billion. The organization follows its heredity to the H. W. Jayne Company, set up 1884 in Frankford, Pennsylvania However, growing demand for substitutes of nylon impedes the growth of the market over the forecast period of 2021-2027. Also, the development of engineered plastics, technological advancements in 3D printing, and innovations in the textile industry is likely to increase the market growth during the forecast period.
The key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World is considered for the cyclohexanone marke tfor regional analysis . North America is one of the significant business sectors for cyclohexanone attributable to the developing interest for caprolactam and adipic corrosive in the U.S. and also, Canada. As per the U.S. Natural Protection Agency (EPA), U.S. represented generally 30% to 35% of the worldwide adipic corrosive utilization in 2018. Adipic corrosive is primarily utilized in the creation of nylon 66, which is additionally used for assembling distinctive material items such as clothing, rugs, and upholstery.
Major market player included in this report are:
Gujarat State Fertilizers & Chemicals Ltd,
Asahi Kasei Corporation,
Paari Chem Resources,
Domo Chemicals,
Akshat Solvochem,
Shreeji Chemical,
Jigchem Universal,
Innova Corporate (India),
Arihant Chemicals,
Fibrant,
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application :
Adipic Acid,
Caprolactam,
Solvents
By Type :
Pimelic ketone,
Keto cyclohexane
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Cyclohexanone Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors