Published by mark itwired
Posted on August 10, 2021
As per Future Market Insights, the global cyclohexylbenzene market will surpass US$ 297 Mn during the forecast period of 2021 and 2031. The market is estimated to forecast steady growth at 4% CAGR between 2021 and 2031.
Application of cyclohexylbenzene in paints & coatings, electric & electronic, and chemical industry is expected to spur the growth. It also is used in the production of phenol and being the key ingredient in production of epoxy resins, adoption is expected to spur.
Alongside this, growing electric vehicle sales are creating lucrative opportunities for manufacturers. As cyclohexylbenzene is used as an additive for lithium-ion battery electrolytes, their adoption is expected to increase with the rise in electric vehicle sales.
Increasing research & development activities are encouraging commercialization of application of cyclohexylbenzene to replace isopropyl benzene. This will widen growth opportunities for market players.
Growing demand for high boiling solvents has further pushed the adoption of cyclohexylbenzene within paints and coatings industry, This, in turn, is expected to increase the sales over the coming years.
However, stringent regulations implemented by governments on the production and application of cyclohexylbenzene due to the hazardous impact on environment might be a restraint growth to an extent.
“Increasing sales of electric vehicles are expected to improve the adoption of cyclohexylbenzene. Hence, key players are shifting their focus towards developing economies, such as China and India, to create capitalize on lucrative opportunities over the coming years.” says the Future Market Insights analyst.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-13610
Key Takeaways from Cyclohexylbenzene Market Survey
Key Drivers
Key Restraints
For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-13610
Competitive Landscape
Key players in this market are adopting strategies such as strategic mergers and acquisitions to expand their customer base and maintain a strong foothold in the industry.
Market players are investing heavily in the research and development activities to commercialize the application of cyclohexylbenzene replacing isopropyl benzene.
Thermo Fisher announced the acquisition of Alfa Aesar, a global manufacturers of research chemicals, to expand its consumer base and increase its global foothold
Some of the leading players operating in the cyclohexylbenzene market profiled by Future Market Insights are:
More Valuable Insights on Cyclohexylbenzene Market
FMI, in its new report, offers an unbiased analysis of the global cyclohexylbenzene market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in cyclohexylbenzene market with detailed segmentation:
By Product Type:
By Application:
By Region:
We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-13610
Key Questions Covered in the Cyclohexylbenzene Market Report
Explore FMI’s Extensive Coverage on Chemicals and materials Domain
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As per Future Market Insights, the global cyclohexylbenzene market will surpass US$ 297 Mn during the forecast period of 2021 and 2031. The market is estimated to forecast steady growth at 4% CAGR between 2021 and 2031.
Application of cyclohexylbenzene in paints & coatings, electric & electronic, and chemical industry is expected to spur the growth. It also is used in the production of phenol and being the key ingredient in production of epoxy resins, adoption is expected to spur.
Alongside this, growing electric vehicle sales are creating lucrative opportunities for manufacturers. As cyclohexylbenzene is used as an additive for lithium-ion battery electrolytes, their adoption is expected to increase with the rise in electric vehicle sales.
Increasing research & development activities are encouraging commercialization of application of cyclohexylbenzene to replace isopropyl benzene. This will widen growth opportunities for market players.
Growing demand for high boiling solvents has further pushed the adoption of cyclohexylbenzene within paints and coatings industry, This, in turn, is expected to increase the sales over the coming years.
However, stringent regulations implemented by governments on the production and application of cyclohexylbenzene due to the hazardous impact on environment might be a restraint growth to an extent.
“Increasing sales of electric vehicles are expected to improve the adoption of cyclohexylbenzene. Hence, key players are shifting their focus towards developing economies, such as China and India, to create capitalize on lucrative opportunities over the coming years.” says the Future Market Insights analyst.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-13610
Key Takeaways from Cyclohexylbenzene Market Survey
Key Drivers
Key Restraints
For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-13610
Competitive Landscape
Key players in this market are adopting strategies such as strategic mergers and acquisitions to expand their customer base and maintain a strong foothold in the industry.
Market players are investing heavily in the research and development activities to commercialize the application of cyclohexylbenzene replacing isopropyl benzene.
Thermo Fisher announced the acquisition of Alfa Aesar, a global manufacturers of research chemicals, to expand its consumer base and increase its global foothold
Some of the leading players operating in the cyclohexylbenzene market profiled by Future Market Insights are:
More Valuable Insights on Cyclohexylbenzene Market
FMI, in its new report, offers an unbiased analysis of the global cyclohexylbenzene market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in cyclohexylbenzene market with detailed segmentation:
By Product Type:
By Application:
By Region:
We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-13610
Key Questions Covered in the Cyclohexylbenzene Market Report
Explore FMI’s Extensive Coverage on Chemicals and materials Domain
Hydro fluorocarbon market: The global hydro fluorocarbon market report by FMI gives an in-depth insight on the future expansion prospects, trends and challenges that market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market’s competitive landscape.
Hydrotalcite market: The hydrotalcite market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies along with competitive landscape of the upcoming decade.
Hydroxyapatite market: Future Market Insights gives a detailed segmentation on the global hydroxyapatite market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.
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