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Cyclohexanone Market

Global Cyclohexanone Market Size, Share, Growth, Revenue: By Type: Cyclohexane, Phenol; By End Users: Paints and Dyes, Fertilisers, Nylon Industry, Pharmaceuticals, Films, Soaps, Others; By Application: Caprolactam, Adipic Acid, Solvents, Others; Market Dynamics: SWOT Analysis; Regional Analysis; Competitive Landscape; 2024-2032

Global Cyclohexanone Market Outlook

The global cyclohexanone market attained a value of about USD 8.55 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.4% to reach nearly USD 11.60 billion by 2032.

 

Rising Use of Cyclohexanone in the Nylon Industry Driving the Cyclohexanone Market Growth

The use of cyclohexanone as a raw material in the production of adipic acid is augmenting the growth of the market. The extensive use of adipic acid in manufacturing activities in various industries, especially the nylon industry, is driving the market growth. Moreover, the rising use of food-grade adipic acid as gelling and leavening agents in the food and beverage industry is augmenting the market for cyclohexanone. As the nylon industry is witnessing robust growth, the demand for cyclohexanone as a raw material is increasing.

 

Global Cyclohexanone Market

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The wide use of nylon in commercial and industrial applications is fuelling the market for cyclohexanone. In addition, the growing demand for polymers such as polyurethane and polyvinyl chloride, among others, is also increasing the demand for nylon, which is fuelling the growth of the cyclohexanone industry.

 

Cyclohexanone Market Segmentation

Cyclohexanone is an organic compound that uses a six-carbon cyclic molecule with a ketone functional group. It is a colourless liquid and is highly soluble in water. It is used in various commercial and industrial applications and finds major applications in the paints and coating industry and the food and pharmaceuticals industry.

 

Global Cyclohexanone Market

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The major types of cyclohexanone are:

  • Cyclohexane
  • Phenol

The market can be broadly categorised on the basis of its end users into:

  • Paints and Dyes
  • Fertilisers
  • Nylon Industry
  • Pharmaceuticals
  • Films
  • Soaps
  • Others

By application segments, the market is divided into:

  • Caprolactam
  • Adipic Acid
  • Solvents
  • Others

The EMR report looks into the regional markets of cyclohexanone like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Demand for Cyclohexanone as a Solvent to Propel the Cyclohexanone Market Growth

The increasing demand for solvents in the paint industry is surging the deployment of cyclohexanone, which is invigorating the growth of the market. As the demand for optimal consistency to effectively paint surfaces is surging, the use of cyclohexanone is increasing. Moreover, the development of innovative and durable paints that can withstand extreme weather conditions is increasing the utilisation of solvents, hence fuelling the growth of the cyclohexanone industry. In addition, the growing use of cyclohexanone as a solvent and antiseptic in the cosmetics and personal care industry is providing further impetus to the growth of the market. The market growth can further be attributed to the growing demand for cyclohexanone in the pharmaceuticals industry. The rising demand for flexible packaging is surging the utilisation of cyclohexanone, thus significantly contributing to the market growth.

 

Global Cyclohexanone Market

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Key Industry Players in the Global Cyclohexanone Market

The report presents a detailed analysis of the following key players in the global cyclohexanone market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • DuPont de Nemours, Inc.
  • Exxon Mobil Corporation
  • BASF SE
  • Qingdao Hisea Chem Co. Ltd
  • Grupa Azoty S.A.
  • Ube Industries, Ltd.
  • Versalis S.p.A.
  • Domo Caproleuna GmbH
  • Fibrant B.V.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • End Users
  • Application
  • Region
Breakup by Type
  • Cyclohexane
  • Phenol
Breakup by End Users
  • Paints and Dyes
  • Fertilisers
  • Nylon Industry
  • Pharmaceuticals
  • Films
  • Soaps
  • Others
Breakup by Application
  • Caprolactam
  • Adipic Acid
  • Solvents
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • DuPont de Nemours, Inc.
  • Exxon Mobil Corporation
  • BASF SE
  • Qingdao Hisea Chem Co. Ltd
  • Grupa Azoty S.A.
  • Ube Industries, Ltd.
  • Versalis S.p.A.
  • Domo Caproleuna GmbH
  • Fibrant B.V.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Cyclohexanone Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Cyclohexanone Historical Market (2018-2023) 
    8.3    Global Cyclohexanone Market Forecast (2024-2032)
    8.4    Global Cyclohexanone Market by Type
        8.4.1    Cyclohexane
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Phenol
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Cyclohexanone Market by End Users
        8.5.1    Paints and Dyes
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Fertilisers
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Nylon Industry
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Pharmaceuticals
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Films
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Soaps
            8.5.6.1    Historical Trend (2018-2023)
            8.5.6.2    Forecast Trend (2024-2032)
        8.5.7    Others
    8.6    Global Cyclohexanone Market by Application
        8.6.1    Caprolactam
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Adipic Acid
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Solvents
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Others
    8.7    Global Cyclohexanone Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Cyclohexanone Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Cyclohexanone Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Cyclohexanone Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Cyclohexanone Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Cyclohexanone Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     DuPont de Nemours, Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Exxon Mobil Corporation
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    BASF SE
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Qingdao Hisea Chem Co. Ltd
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5     Grupa Azoty S.A.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Ube Industries, Ltd.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Versalis S.p.A.
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8     Domo Caproleuna GmbH
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Fibrant B.V.
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Cyclohexanone Market: Key Industry Highlights, 2018 and 2032
2.    Global Cyclohexanone Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Cyclohexanone Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Cyclohexanone Historical Market: Breakup by End Users (USD Billion), 2018-2023
5.    Global Cyclohexanone Market Forecast: Breakup by End Users (USD Billion), 2024-2032
6.    Global Cyclohexanone Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Cyclohexanone Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Cyclohexanone Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Cyclohexanone Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Cyclohexanone Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Cyclohexanone Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Cyclohexanone Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Cyclohexanone Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Cyclohexanone Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Cyclohexanone Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Cyclohexanone Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Cyclohexanone Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Cyclohexanone Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Cyclohexanone Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Cyclohexanone Market Structure

Key Questions Answered in the Report

In 2023, the global cyclohexanone market attained a value of nearly USD 8.55 billion.

The market is projected to grow at a CAGR of 3.4% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 11.60 billion by 2032.

The growing demand for adipic acid and the rising use of nylon in various commercial and industrial applications are the major market drivers.

The key trends guiding the market include the growing demand for solvents, the increasing use of cyclohexanone in the cosmetics and personal care sector, and the growing demand for flexible packaging in pharmaceuticals applications.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major types of cyclohexanone in the market are cyclohexane and phenol.

The significant end users of the product are paints and dyes, fertilisers, nylon industry, pharmaceuticals, films, and soaps, among others.

The various applications of cyclohexanone are caprolactam, adipic acid, and solvents, among others.

The major players in the market are DuPont de Nemours, Inc., Exxon Mobil Corporation, BASF SE, Qingdao Hisea Chem Co. Ltd, Grupa Azoty S.A., Ube Industries, Ltd., Versalis S.p.A., Domo Caproleuna GmbH, and Fibrant B.V., among others.

Analyst Review

The global cyclohexanone market attained a value of nearly USD 8.55 billion in 2023, driven by the growing demand for adipic acid. Aided by the growing demand for flexible packaging in the pharmaceuticals industry, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.4%. The market is projected to reach about USD 11.60 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the cyclohexanone industry can be segmented into cyclohexane and phenol. On the basis of end users, the industry is divided into paints and dyes, fertilisers, nylon industry, pharmaceuticals, films, and soaps, among others. By application, the market is segmented into caprolactam, adipic acid, and solvents, among others. The major regional markets for cyclohexanone are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include DuPont de Nemours, Inc., Exxon Mobil Corporation, BASF SE, Qingdao Hisea Chem Co. Ltd, Grupa Azoty S.A., Ube Industries, Ltd., Versalis S.p.A., Domo Caproleuna GmbH, and Fibrant B.V., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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