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Cyclohexanone Market Size to Reach USD 10,462.4 Million by 2027; Rising Automotive Sector to Stoke Demand, Says Fortune Business Insights™

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Pune, India, Jan. 14, 2021 (GLOBE NEWSWIRE) — The global cyclohexanone market size is expected to showcase considerable growth by reaching USD 10,462.4 million by 2027 while exhibiting a CAGR of 4.7% between 2020 and 2027. This is attributable to the rising automotive sector and the growing demand for nylon across several industrial applications that is likely to boost the demand for advanced cyclohexanone globally. Fortune Business Insights, published this information, in its latest report, titled, “Cyclohexanone Market Size, Share & COVID-19 Impact Analysis, By Application (Caprolactam, Adipic Acid, Solvents, Others), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 7,690.4 million in 2019 and is likely to gain momentum in the forthcoming years.The effect of the global pandemic, COVID-19, has been felt across several economies that are facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been at a standstill with limited operational activities. However, a collective effort from the government as well as the industries is likely to bring the economy back on track and aid in the resumption of industrial activities. This will bode well for the growth of the global market shortly.Cyclohexanone is an organic compound that is colorless to pale yellow in appearance and has a pleasant odor in nature. It is less dense than water and has demand from several end-user industries, mainly in the production of nylon and its by-products across the globe. Additionally, it is used as a solvent for paints, lacquers, degreasers, coatings, and others.
COMPETITIVE LANDSCAPEEminent Companies Focus on Facility Expansion to Brighten Their Market ProspectsThe global cyclohexanone market is fragmented by the presence of key players that are focusing on expanding their manufacturing facilities to strengthen their positions during the forecast period. Furthermore, other key players are adopting organic and inorganic strategies to maintain their presence in the market.
Get Sample PDF Brochure with Impact of COVID19:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cyclohexanone-market-104551 Industrial Development:October 2020 – DOMO Chemicals announced its plant to build a new state-of-the-art manufacturing plant in Zhejiang, China. The company has invested around USD 14.10 million in the development of the nylon plant that will have the capacity to process 50,000 tons of renewable and advanced nylon compounds annually.
List of the Top Companies Profiled in the Global Cyclohexanone Market:BASF SE (Ludwigshafen, Germany)Domo Chemicals (Gent-Zwijnaarde, Belgium)OSTCHEM (Donetsk region, Ukraine)Fibrant (Urmond, Netherlands)UBE INDUSTRIES, LTD. (Tokyo, Japan)TPCC (Taipei City, Taiwan)Qingdao Hisea Chem Co., Ltd (Qingdao, China)ARIHANT SOLVENTS AND CHEMICALS (Tamil Nadu, India)JIGCHEM UNIVERSAL (Maharashtra, India)Shreeji Chemical (Thane, India)LUXI GROUP (New York, U.S.)Honeywell International Inc (North Carolina, U.S.)Shandong Haili Chemical Co., Ltd. (Shandong Province, China)Shandong Hualu-Hengsheng (Shandong Province, China)Asahi Kasei Corporation (Tokyo, Japan)Gujarat State Fertilizers & Chemicals Ltd (GSFC) (Gujarat, India)Other Players
Inquire Before Buying This Research Report:https://www.fortunebusinessinsights.com/enquiry/queries/cyclohexanone-market-104551 
What does the Report Include?The global market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as SWOT and PESTEL analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.
DRIVING FACTORSRising Automotive Sector to Augment Cyclohexanone DemandThe rising technological advancement backed by the availability of high disposable income is driving the sales of high-end automotive across the globe. The growing demand for lightweight components in the automotive is leading the manufacturers to develop materials such as nylon and nylon 66 that are durable and lightweight. This is likely to drive the demand for advanced cyclohexanone products in the automotive industry. Furthermore, the increasing demand for nylon owing to its strong rigidness and durability from several end-user industries is expected to boost the global cyclohexanone market growth during the forecast period.
SEGMENTATIONAdipic Acid Held 26.2% Market Share in 2019The adipic acid segment, based on application, held a market share of about 26.2% in 2019 and is expected to gain momentum owing to its increasing adoption as high-end solvent for several industrial applications such as inks, coatings, and pesticides.
REGIONAL INSIGHTSAsia-Pacific to Remain Dominant; Rising Automotive Industry to Favor GrowthAmong all the regions, Asia-Pacific is expected to showcase considerable growth and hold the highest position in the global market in the forthcoming years. This is attributable to the rising automotive industry backed by the large presence of automotive manufacturing plants that is driving the demand for advanced cyclohexanone in the region. Asia-Pacific stood at USD 4,794.7 million in 2019.The market in Europe is anticipated to experience substantial growth backed by the high demand for lightweight components in the automotive sector that is propelling the manufacturers to develop nylon materials derived from cyclohexanone in the region between 2020 and 2027.
Browse Detailed Summary of Research Report with TOC:https://www.fortunebusinessinsights.com/cyclohexanone-market-104551
Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesEmerging TrendsKey InsightsKey Emerging Trends – For Major CountriesIndustry SWOT AnalysisRegulatory AnalysisRecent Industry Developments – Policies, Partnerships, New Application  Launches, and Mergers & AcquisitionsQualitative Insights – Impact of COVID-19 on Global Cyclohexanone MarketSupply Chain ChallengesSteps taken by Government/Companies to overcome this impactPotential opportunities due to COVID-19 outbreakGlobal Cyclohexanone Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Size Estimates and Forecast By Application (Volume/Value)CaprolactamAdipic AcidSolventsOthersBy Region (Volume/Value)North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa TOC Continued…!
Speak to Our Expert:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/cyclohexanone-market-104551  
Have a Look at Related Research Insights:Caprolactam Market Size, Share & Industry Analysis, By Application (Nylon 6 Fibers {Textile & carpet, Industrial Yarn, Other}, Nylon 6 Resin {Engineering Resin, Films}, Other) and Regional Forecast, 2019-2026Aliphatic Solvents and Thinners Market Size, Share & Industry Analysis, By Type (Varnish makers and painters, Naptha, Mineral Spirit, Hexane, Heptane, Others), By Application (Paints & Coatings, Degreasing and Cleaning, Adhesives, Aerosols, Rubber & Polymer, Others) and Regional Forecast, 2020-2027Industrial Solvents Market Size, Share & Industry Analysis, By Type (Alcohol, Glycol, Ketones, Esters, Hydrocarbons, Others) By Application (Paints & Coatings, Adhesives, Cosmetics, Printing Ink, Pharmaceutical, Others) Others and Regional Forecast, 2019-2026
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India.Phone:US: +1 424 253 0390UK: +44 2071 939123APAC: +91 744 740 1245Email: sales@fortunebusinessinsights.comFortune Business Insights™LinkedIn | Twitter | Blogs
Read Press Release:https://www.fortunebusinessinsights.com/press-release/global-cyclohexanone-market-10396

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