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Cyclohexane Market Segmented By Adipic Acid, Caprolactam Application for Nylon 6, Nylon 66
The global cyclohexane market has reached a size of US$ 23 Bn in 2022 and is expected to climb to US$ 42 Bn by 2032, expanding at a CAGR of 5.1% over the next ten years.
Asia Pacific will continue to account for the highest consumption of cyclohexane over the decade.
| Attributes | Key Insights |
|---|---|
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Cyclohexane Market Size (2022) |
US$ 23 Bn |
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Projected Market Value (2032) |
US$ 42 Bn |
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Global Market Growth Rate (2022-2032) |
5.1% CAGR |
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Asia Pacific Market Share (2021) |
38.3% |
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“Rapidly Increasing Demand for Cyclohexane from Textile Industry”
Cyclohexane is used to make hexamethylene diamine, caprolactam, and adipic acid, which are then used to make Nylon 6,6 and Nylon 6. Nylon 6 is created by polymerizing caprolactam, and Nylon 6,6 is created by polymerizing hexamethylenediamine and adipic acid.
Some of the main applications of nylon include upholstery, carpets, typewriter ribbons, furnishings & floor coverings, fishing nets, nylon ropes and cordages, umbrella cloth, strimmer lines, conveyor belts, sutures, and others.
The most prevalent industrial grade of nylon is nylon 6. It is well-known for being a robust, abrasion-resistant material with high strength properties. Nylon 6 and nylon 6,6 are used to make a variety of lightweight and sheer garments like sarees, socks, stockings, and others, due to their high strength, low modulus, and exceptional abrasion resistance.
Increasing demand from the textile industry is one of the main factors projected to drive the global cyclohexane market during the forecast period.
“Strong Usage in Automobile Sector”
Strong usage in the automobile sector is expected to boost the global cyclohexane market during the forecast period. Nylon 6 resins are used in automobile applications such as cushioning and seat filling. Moreover, nylon filaments can be utilized to make automobile hoses, seat belts, and other items. Furthermore, multifilament nylon yarns are utilized to reinforce tire rubbers.
The onset of the COVID-19 pandemic had a detrimental impact on the automobile sector, thereby impacting the growth of the global cyclohexane market.
However, with the relaxation of COVID-19 laws around the world, the automobile sector is likely to return to pre-COVID-19 levels during the forecast period. As a result, the global cyclohexane market is projected to experience strong growth in the near future as the use of nylon in vehicle production increases.
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Get a Customized Version“Asia Pacific to Remain Dominant Region Market”
Asia Pacific dominated the global cyclohexane market and is expected to continue throughout the forecast period. Developing markets such as China and India are anticipated to present revenue-generation opportunities in the cyclohexane market in Asia Pacific.
China is expected to be the largest revenue generator in the cyclohexane market in Asia Pacific. This is attributed primarily to increased demand from end-user industries such as construction, textiles, and automotive.
Moreover, manufacturers' heavy emphasis on producing lightweight automotive components and parts is expected to accelerate the growth of the cyclohexane market in Asia Pacific.
Furthermore, the expansion of caprolactam production plants in the region is projected to bolster regional market growth. In addition, expanding population and higher personal disposable income is expected to propel the cyclohexane market in Asia Pacific.
Cyclohexane is manufactured by catalytic hydrogenation of benzene. Cyclohexane is insoluble in water and colorless in nature. Cyclohexane is a key element in the manufacturing of caprolactum and adipic acid which are intermediates for manufacturing nylon.
Cyclohexane is used to produce cyclohexanone and cyclohexanol for nonprecursor use. There are two processes through which cyclohexane can be manufactured, viz., hydrogenation of benzene and cracking of natural gasoline.
Cyclohexane can also be used as a solvent, in chemical synthesis and reaction diluents. Cyclohexane is also used as a starting material for KA Oil and can be used as a substitute for benzene in some end-user applications.
The market for cyclohexane was mainly driven by increasing demand for adipic acid and caprolactum which are key elements for manufacturing Nylon-6,6 and nylon 6 respectively. These fibers are mainly used in the automotive and textile industries.
The major opportunity for cyclohexane is the huge demand and investments for nylon-6,6 in developing and emerging countries such as Saudi Arabia, India, and China. However, volatile raw material prices may hamper the growth of the market as most of these materials are downstream products of petrochemicals.
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Some of the well-known manufacturers of cyclohexane include Sunoco Chemicals, BASF SE, ExxonMobil Chemical, Cheveron Philips Chemical Company, and Huntsman Corporation.
| Attribute | Details |
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Forecast Period |
2022-2032 |
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Historical Data Available for |
2012-2021 |
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Market Analysis |
USD Million for Value |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon Request |
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The global cyclohexane market is estimated to grow at a CAGR of 5.1% from 2022 to 2032.
The global market for cyclohexane is projected to reach US$ 42 Bn by 2032.
Asia Pacific leads the global cyclohexane market with over 38% market share.
BASF SE, Sunoco Chemicals, ExxonMobil Chemical, Huntsman Corporation, and Cheveron Philips Chemical Company are key suppliers of cyclohexane.
