Cyclohexylbenzene Sales to Gain Traction at 4% CAGR as Paints and Coatings Adoption Rises: Future Market Outlook


In the Cyclohexylbenzene market study, Future Market Insights (IMF) offers insights into key growth drivers and restraints affecting the market through 2031. The survey identifies existing opportunities in key segments including product type and applications. According to the IMF, the use as an intermediary in the production of various chemicals will remain the main engine of growth.

DUBAI, United Arab Emirates, August 4, 2021 / PRNewswire / – According to Future Market Insights, the global cyclohexylbenzene market will overtake US $ 297 million over the forecast period of 2021-2031. The market is expected to forecast steady growth at 4% CAGR between 2021 and 2031.

IMF_Logo

The application of cyclohexylbenzene in paints and coatings, the electrical and electronic industry and the chemical industry is expected to stimulate growth. It is also used in the production of phenol and being the key ingredient in the production of epoxy resins, its uptake is expected to boost.

At the same time, the growth in sales of electric vehicles creates lucrative opportunities for manufacturers. As cyclohexylbenzene is used as an additive for electrolytes in lithium-ion batteries, its adoption is expected to increase with increasing sales of electric vehicles.

The increase in research and development activities encourages the commercialization of the application of cyclohexylbenzene to replace isopropylbenzene. This will expand the growth opportunities for market players.

The growing demand for high boiling point solvents has further pushed the adoption of cyclohexylbenzene in the paints and coatings industry, which in turn is expected to increase sales in the years to come.

However, the strict regulations implemented by governments on the production and application of cyclohexylbenzene due to the dangerous impact on the environment could constitute a restriction on growth to some extent.

Increased sales of electric vehicles are expected to improve uptake of cyclohexylbenzene. Therefore, the main players are turning to developing economies, such as China and India, to create and capitalize on lucrative opportunities over the next few years. “ says Future Market Insights analyst.

Request a sample report for complete information on https://www.futuremarketinsights.com/reports/sample/rep-gb-13610

Key takeaways from cyclohexylbenzene Market research

  • High purity segment to dominate product type, showing steady growth at 4.5% CAGR through 2021-2031

  • Application in chemical production will boost sales of cyclohexylbenzene, accounting for over 32% of global value by 2031-end

  • The United States is expected to be a key market, with sales of over US $ 51.1 million in 2021

  • Thanks to the presence of industry giants through Germany, the demand for cyclohexylbenzene is expected to increase by almost 18% during the forecast period

  • China is expected to be the most lucrative market, accounting for over 32% of the global market share

  • With the expansion of the electrical and electronics industry through India, sales of cyclohexylbenzene are expected to stimulate the creation of additional opportunities for 7.1 million US dollars until 2031

Key factors

  • Growing demand for chemical solvents and increasing application of cyclohexylbenzene in the chemical industry will propel growth

  • Increased research and development activities for the commercialization of cyclohexylbenzene will accelerate demand

Key restrictions

For any queries related to the report, ask an analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-13610

Competitive landscape

The major players in this market are adopting strategies such as strategic mergers and acquisitions to expand their customer base and maintain a strong presence in the industry.

Market players are investing heavily in research and development activities to commercialize the application of cyclohexylbenzene replacing isopropylbenzene.

Thermo Fisher announced the acquisition of Alfa Aesar, a global manufacturer of research chemicals, to expand its consumer base and increase its global presence

Some of the major players operating in the Cyclohexylbenzene market presented by Future Market Insights are:

  • Schultz Canada Chemicals Ltd.

  • Biosynth Carbosynth

  • Henan Tianfu Chemicals Co. Ltd.

  • Changsha Easchem Co., Ltd.

  • Hefei TNJ Chemical Co. Ltd.

  • Jiangsu Zhongneng Chemical Technology Co., Ltd.

  • SAGECHEM

  • Xingrui Industry Co. Ltd.

  • Syntechm Co. Ltd.

  • Others

More valuable information on Cyclohexylbenzene Marlet

IMF, in its new report, offers an unbiased analysis of the global cyclohexylbenzene market, analyzing forecast statistics to 2021 and beyond. The survey reveals growth projections in the Cyclohexylbenzene market with detailed segmentation:

By product type:

By application:

  • Plastics

  • Paints and coatings

  • Adhesives

  • Electricity and electronics

  • Chemical production

By region:

  • North America

  • Latin America

  • Europe

  • East Asia

  • South-Pacific

  • Middle East & Africa

We offer tailor-made solutions to meet your needs, request customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-13610

Key questions addressed in the Cyclohexylbenzene Market report

  • Report Offers Detailed Information on Cyclohexylbenzene Demand Outlook for 2021-2031

  • The market study also highlights the expected sales growth for the Cyclohexylbenzene market between 2021 and 2031.

  • The Cyclohexylbenzene market research identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluating the current market size and forecast and technological advancement within the ‘industry

  • Analysis of cyclohexylbenzene market share of key companies in the sector and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, etc.

Explore FMI’s extensive coverage in chemicals and materials

Hydrofluorocarbons Market: The Global Hydrofluorocarbons Market report from IMF provides a detailed overview of the future expansion prospects, trends, and challenges that the market is likely to face over the next decade. Key statistics regarding key segments have been presented in important geographies along with a detailed assessment of the competitive landscape of the market.

Hydrotalcite Market: The Hydrotalcite Market Study published by FMI offers comprehensive analysis and focused insights on key trends that are expected to shape future growth prospects. The report provides a detailed analysis of the major drivers, trends, challenges and opportunities prevailing for the next decade in the major geographies as well as the competitive landscape for the next decade.

Hydroxyapatite Market: Future Market Insights gives detailed segmentation of the global Hydroxyapatite market with upcoming market trends, challenges, and future growth dynamics in key geographies and prominent segments. The report offers a holistic approach, mapping the competitive landscape with a detailed analysis of established players, new entrants and opportunities likely to prevail over the decade 2021-2031.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of business information and advisory services, serving clients in more than 150 countries. IMF is headquartered in Dubai, and has delivery centers in UK, US and India. IMF’s latest market research and industry analysis reports help companies meet challenges and make critical decisions with confidence and clarity amid fierce competition. Our personalized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continually monitors emerging trends and events across a wide range of industries to ensure our clients are preparing for the changing needs of their consumers.

Contact:
Abhishek Budholiya
Future market outlook,
1602-6 Jumeirah Bay X2 Tower,
Plot number: JLT-PH2-X2A,
Jumeirah Lakes Tours, Dubai,
United Arab Emirates
For sales inquiries: sales@futuremarketinsights.com
For media inquiries: press@futuremarketinsights.com
Website: Future market outlook
LinkedIn | Twitter | Youtube
Reportage: https://www.futuremarketinsights.com/reports/cyclohexylbenzene-market
Source of the press release: https://www.futuremarketinsights.com/press-release/cyclohexylbenzene-market

Cision

Cision

View original content: https://www.prnewswire.com/news-releases/sales-of-cyclohexylbenzene-to-gain-traction-at-4-cagr-as-adoption-within-paints–coatings-increases- future -market-insights-301348299.html

SOURCE Future market outlook

Previous Desktop Metal Qualifies Titanium for Fabrication with Studio System 2 | New
Next FleetPride refreshes logo and highlights commitment to service solutions