Cyclohexane Market To Reach USD 34.31 Billion By 2027
Market Summary Increasing demand for caprolactam from the automotive industry is one of the significant factors influencing market growth. Market Size – USD 23.09 billion in 2018, Market Growth - CAGR of 4.4%, Market Trends – Growing demand for nylon in emerging economies The global cyclohexane market is expected to reach USD 34.31 Billion by 2027, according to a new report by Reports and Data. Growing demand for nylon, especially in the emerging economies is estimated to drive the market demand in the forecast period. Nylon is a commonly used fiber in making shorts, swimwear, bedspread, track pants, and draperies, among others. Moreover, it finds application in technical textiles for manufacturing several products, including combat uniforms, flak vests, parachutes, and many more. Owing to its characteristics such as of elasticity, easy to care, ability to retain shape, and responsiveness & resilient to heat setting, nylon is in high demand in the apparel industry. Further key findings from the report suggest : • The market in the Asia Pacific region held the largest market share in 2018 and is anticipated to witness a CAGR of 5.3% in the forecast period. The market dominance of APAC is attributed to its high demand for caprolactam along with increased emphasis production of lightweight vehicles by the automotive companies. • The application of nylon in the making of automotive and transportation components is expected to impact the growth of the market significantly. www.reportsanddata.com
Key Players: BASF SE, BP PLC, Sinopec Limited, Thermo Fisher Scientific Inc., Sigma-Aldrich Corporation, Idemitsu Kosan Company Ltd., Chevron Phillips Chemical Company LLC, China Petrochemical Development Company, Koninklijke DSM NV, and Reliance Industries Ltd., among others. Segmentation: Manufacturing Process Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 20162027) Hydrogenation of Benzene Cracking of Gasoline Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027) Adipic Acid Caprolactam Others Industry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027) Textile Automotive Paints and Coatings Construction Others
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Regional Cyclohexane Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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