Cyclohexanone is obtained during the
manufacturing of nylon intermediaries like adipic acid or caprolactam. Major
companies captively consume cyclohexanone and a very small portion of the
demand is from sectors other than nylon. Over three fourth of the production of
cyclohexanone is based on cyclohexane and the remaining is based on phenol. The
major use of the compound except in the nylon industry is as a solvent in the
paint and dye industry.
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The high captive consumption of
cyclohexanone leaves very little volume for global trading. Based on
uses, a major share of cyclohexanone is consumed in the production of
caprolactam and the remaining in the production of adipic acid. The major
applications of cyclohexanone include its use as solvent in industries such as
paints and dyes, fertilizers, pharmaceuticals, films, and soaps. Europe is the
largest market for cyclohexanone and accounts for over one quarter of the
global consumption.
North America and Asia-Pacific
follow it in terms of consumption. However, China is expected to have the
highest growth rate over the next six years and would gain a substantial market
share. The primary driver for the market is the developing nylon industry. The
nylon industry is the major consumer of this compound and growth in the
industry directly affects the consumption of cyclohexanone. Moreover, the high
volume of production of finished goods in China is expected to drive the market
in the Asia-Pacific region.
However, the major threat for the
market is the competition for nylon from other fibers. Polyesters have been
showing credible growth and could very soon have a sizable market share. This
sluggish demand for nylon would in turn reduce the demand for cyclohexanone.
The biggest opportunity for the market lies in the increase in application
areas and improved product technology. In addition to this, the developing
regions of Asia-Pacific have tremendous growth potential due to their high
production capacity for finished goods.
DuPont de Nemours and Asahi Kasei
are two of the largest producers of cyclohexanone. Some other players in the
market include Nylstar SA, Formosa Plastic Group, Rhodia S.A, and Lipeng
Corporation Ltd. and others.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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