(MENAFN- PR Newswire) DUBLIN, Oct. 3, 2023 /PRNewswire/ -- The
"Cyclohexanone - Global Strategic Business Report" report has been added to
ResearchAndMarkets's offering.
The global market for Cyclohexanone, estimated at US$7.5 billion in 2022, is on a growth trajectory, projected to attain a revised size of US$9.5 billion by 2030, with a steady CAGR of 3.1% over the analysis period spanning from 2022 to 2030.
Among the segments analyzed in the report, Caprolactam is expected to record a 2.9% CAGR, reaching a market size of US$6.3 billion by the end of the analysis period. The Adipic Acid segment is also showing promise with an estimated 3.3% CAGR for the next 8-year period.
U.S. Market Estimated at $527.1 Million, China Forecasted to Grow at 4.5% CAGR
In the U.S., the Cyclohexanone market is estimated at US$527.1 million in 2022. Meanwhile, China, the world's second-largest economy, is forecasted to reach a projected market size of US$3.7 billion by 2030, exhibiting a robust CAGR of 4.5% over the analysis period from 2022 to 2030. Noteworthy geographic markets also include Japan and Canada, each expected to grow at 1.1% and 1.9%, respectively, over the 2022-2030 period. Within Europe, Germany is forecasted to grow at an approximate CAGR of 1.7%.
Key Competitors in the Cyclohexanone Market
The report identifies key competitors in the Cyclohexanone market, including BASF SE, Asahi Kasei Corporation, Chevron Phillips Chemical Company LLC, Alfa Aesar, Ascend Performance Materials LLC, Axens SA, Clariant AG, Clp International Pte. Limited, AdvanSix, Inc., Arihant Chemical, BariteWorld, ALPHA CHEMIKA, CEPSA (Compania Espanola de Petroleos SAU), Corechem Inc., and AquaPhoenix Scientific, Inc., among others.
Economic Outlook and Market Landscape
The global economic outlook is showing signs of improvement, with growth recovery expected in the near term. The United States has managed to overcome recession threats, although it has witnessed slowing GDP growth due to tight monetary and financial conditions. In the Euro area, easing headline inflation is contributing to increased real incomes and economic activity. China is anticipated to experience robust GDP growth as the pandemic threat diminishes, and the government adjusts its policy stance. India remains on course to emerge as a trillion-dollar economy by 2030, surpassing Japan and Germany.
However, several challenges persist, including uncertainty surrounding the Ukraine conflict, slower-than-expected global headline inflation decline, food and fuel inflation in developing countries, and high retail inflation impacting consumer confidence and spending. Governments are navigating these challenges, which are impacting market sentiments. Efforts to combat inflation through interest rate hikes may slow down job creation and economic activity. The regulatory environment is also evolving, with increased focus on integrating climate change considerations into economic decisions.
Corporate investments may face headwinds due to inflation concerns and weaker demand. Nevertheless, the rise of new technologies, such as AI, machine learning, quantum technologies, electrification, renewables, and climate technologies, offers opportunities to drive incremental growth and value to global GDP in the coming years.
What's New in the Report?
Special discussions on the global economic climate and market sentiment. Coverage on global competitiveness and key competitor market shares. Market presence analysis across multiple geographies. Online interactive peer-to-peer collaborative bespoke updates. Access to digital archives and trademarked research platform. Complimentary updates for one year. Access to curated YouTube video transcripts featuring insights from CEOs, domain experts, and market influencers via interviews, podcasts, press statements, and event keynotes.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession Year 2021 in Review and Near-term Outlook Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022 and 2023 Chemical Industry Confronts Challenging Times Amidst the COVID-19 Outbreak Global Chemicals & Minerals Market Growth Outlook (in %) for Years 2019 through 2025 COVID-19-Induced Disruptions Impact Cyclohexanone Market An Introduction to Cyclohexanone Global Market Prospects & Outlook Substantial Demand for Nylon Promises Growth Market Benefits from Increasing Chemical Solvent Demand Caprolactam & Adipic Acid Claim Lion's Share of Cyclohexanone Market Asia-Pacific to Emerge as Star Contributor to Global Cyclohexanone Market Competition Cyclohexanone - Global Key Competitors Percentage Market Share in 2022 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E) World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Use of Cyclohexanone in Caprolactam Production to Propel Future Demand Global Caprolactam Market by Raw Material (in %) for 2022E Nylon Fabric Demand from Textile Industry Augments Revenue Growth Caprolactam Use in Nylon 6 Production to Impact Cyclohexanone Market Global Caprolactam Market Breakdown by End Product (in %) for 2022E Adipic Acid Production Trends Influence Demand for Cyclohexanone Global Adipic Acid Production: Percentage Breakdown by Raw Material for 2022E Nylon 6,6: The Leading Application Market for Adipic Acid to Present Demand Opportunities for Cyclohexanone Global Adipic Acid Market by Application (%) for 2022E Global Nylon 6,6 Market Breakdown by End-Use (%) for 2022E As the Most Adaptable Engineering Thermoplastic, Nylon to Drive Demand for Cyclohexanone Focus on Lightweight and Fuel Efficient Vehicles Drives Use of Nylon: Potential for Market Growth Post Pandemic, Massive Interest in Lightweighting Will Create Interest in Innovative Lightweight Composite Nylon Resins: Global Automotive Lightweight Materials Market (In US$ Billion) for the Years 2022, 2024 & 2026 Rising Significance of Cyclohexanone as a Versatile Solvent Bodes Well for Future Growth Prospects Demand for Solvents in Major End-Use Industries: A Key Factor Determining Cyclohexanone Market Outlook Global Solvents Market: Annual Sales in Thousand Metric Tons by Geographic Region for Years 2020 and 2027 Pandemic Impact on Solvents Affects Demand for Cyclohexanone Global Paints & Coatings Market: Sales in US$ Billion for the Years 2018-2021 Emergence of Bio-Based Substitutes Presents Challenge for Cyclohexanone Market Research Focus on Phenol's Selective Hydrogenation Cyclohexanone: Risks & Hazards Impede Market Growth Cyclohexanone Prices Exhibit Volatility across Regions
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
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