The global vinyl cyclohexane market revenue was around US$ 60.4 billion in 2022 and is estimated to reach US$ 96.1 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2023 to 2031.
Vinyl cyclohexane is an organic compound created from crude oil and other natural resources that can be synthesized in a laboratory utilizing the Diels-Alder dimerization reaction of 1,3-butadiene. Vinyl cyclohexane is useful in the polymer industry as a raw material for the production of several polymers, chemicals, and monomers such as 1-vinyl cyclohexane and 2-cyclohexyl propanal. It has many uses and is one of the finest mediums for roof coating, ceiling tile, converters, and among others.
Market Driving Factors
Growing investments in research and development to propel the market growth. The current invention relates to vinyl cyclohexane (VCH) based copolymers and polymers, as well as their manufacturing techniques and designs, which are especially suitable for optical materials. In addition, the materials are appropriate as a substrate for optical data storage media such as video discs, compact discs, and rewritable optical discs, and are extruded or injection molded into molded bodies. Furthermore, the amorphous vinyl cyclohexane polymer is utilized in nuclear magnetic resonance (NMR) spectroscopy.
Surge in demand for vinyl cyclohexane from the healthcare industry to boost market growth. This is because the medical industry is the biggest consumer of vinyl cyclohexane. Vinyl cyclohexane is utilized in hospitals to make molded, transparent, and non-sterile products like microscope slides, analytical microfilter plates, hoses, vessels, Petri dishes, breathing tubes, and others. Additionally, sterile medical equipment and instruments like flexible blood tubes, syringes, blood detoxification membranes, oxygenators, dialyzers, cannulas, and catheters.
Shortages of raw materials due to price fluctuation constrain the market growth.
Regional Analysis
Asia Pacific is anticipated to dominate the market. This is because there is a broad availability of raw materials and cheap labor, which is resulting in the shift of the chemical production facilities to the region. In addition, it is also estimated that the region would witness the highest growth rate owing to a surge in domestic markets for the several end-user industries of the market. Furthermore, there has been a remarkable increase in the pharmaceutical and chemical sectors in nations such as Japan, China, India, and South Korea. The supportive government regulations and subsidies in the region boost the market growth.
Segmentation Insights
Purity Insight
95% segment dominates the market. They still have some form of impurities present, which reduce their market prices eventually. Within these purity levels, vinyl cyclohexane has been a rise in utilization in the chemical industry and also as a chemical intermediary in various other industries. Furthermore, it is estimated that there would be an increase in the demand for vinyl cyclohexane chemical intermediates in several other industries, which would simultaneously boost their market demand.
End-Use Industry Insight
The chemical segment dominates the market. This is because of the surge in demand for vinyl cyclohexane as a raw material to carry out chemical manufacturing. The entire chemical industry is exhibiting profound transformations. There has been a shift in the industry dynamics, which is varying the complete outlook of the industry. In addition, a significant amount of possibilities have arisen for the key players, majorly attributed to the constant R&D activities in the industry. There has been a huge rise in R&D investments by primary chemical companies around the world.
Prominent Companies
Segmentation Outline
The global vinyl cyclohexane market segmentation focuses on Purity, End-Use Industry, and Region.
By Purity
By End-Use Industry
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL VINYL CYCLOHEXANE MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: VINYL CYCLOHEXANE MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL VINYL CYCLOHEXANE MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL VINYL CYCLOHEXANE MARKET, BY PURITY
5.1 OVERVIEW
5.2 95%
5.3 97%
5.4 ≥ 98%
6 GLOBAL VINYL CYCLOHEXANE MARKET, BY END-USE INDUSTRY
6.1 OVERVIEW
6.2 CHEMICALS
6.3 BUILDING AND CONSTRUCTION
6.4 PHARMACEUTICAL
6.5 PAINT AND COATINGS
6.6 OTHERS
7 GLOBAL VINYL CYCLOHEXANE MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL VINYL CYCLOHEXANE MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 LIAONING YUFENG CHEMICAL CO
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 SABIC
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 TORAY INDUSTRIES INC
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 BASF SE
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 CHEVRON PHILLIPS CHEMICAL COMPANY LLC
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 THERMO FISHER SCIENTIFIC INC
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 CLARIANT LTD
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 DUPONT DE NEMOURS INC
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 MERCK KGAA
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 BRITISH PETROLEUM
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.11 HUNTSMAN CORPORATION
9.11.1 OVERVIEW
9.11.2 FINANCIAL PERFORMANCE
9.11.3 PRODUCT OUTLOOK
9.11.4 KEY DEVELOPMENTS
9.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.12 DOW INC
9.12.1 OVERVIEW
9.12.2 FINANCIAL PERFORMANCE
9.12.3 PRODUCT OUTLOOK
9.12.4 KEY DEVELOPMENTS
9.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.13 CHINA NATIONAL PETROLEUM CORPORATION
9.13.1 OVERVIEW
9.13.2 FINANCIAL PERFORMANCE
9.13.3 PRODUCT OUTLOOK
9.13.4 KEY DEVELOPMENTS
9.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.14 EXXON MOBIL CORPORATION
9.14.1 OVERVIEW
9.14.2 FINANCIAL PERFORMANCE
9.14.3 PRODUCT OUTLOOK
9.14.4 KEY DEVELOPMENTS
9.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.15 CEPSA
9.15.1 OVERVIEW
9.15.2 FINANCIAL PERFORMANCE
9.15.3 PRODUCT OUTLOOK
9.15.4 KEY DEVELOPMENTS
9.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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