Global Market Insights, Inc. Add New 2018-2024 Cyclohexane Market Report to its research database presenting an informative study covering the market with detailed analysis. The Global Cyclohexane Industry research report is a professional and in-depth study on the current state of the global Industry.
Rising demand for adipic acid and caprolactam owing to positive application scope in automotive industries should propel cyclohexane market demand. Adipic acid is widely used in the production of nylon compounds which are then used in making of automotive components. Nylon compounds are also used in home furnishings, apparels and various other industrial uses owing to their abrasion resistance and high tensile strength.
Caprolactam produced from cyclohexane is used in manufacturing of nylon 6 resins and fibers. Over 70% of the caprolactam is used in the manufacturing of nylon 6 fibres for carpet, textiles and industrial yarns and rest 30% is used for engineering resins and films. Nylon 6 is used in carpets and rugs, as it offers good abrasion resistance and are easy to clean & resistant to staining, thereby driving cyclohexane market size.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2646
Increasing plastics market for automotive components has changed advantages in cyclohexane applications. Adipic acid is used in production of Nylon 6, which is indeed used in making of automotive components such as gears, wheels, bearings and cams. In automotive applications, engineering thermoplastic accounted for 40% of the total application share. Nylon resins are used as engineering thermoplastics in automotive applications as it offers good physical properties such as high tensile strength, excellent chemical, abrasion, and heat resistance, thus promoting cyclohexane market demand.
Asia Pacific, led by India, China and Japan cyclohexane market size may witness significant growth over the projected timespan. Shift in consumer preference towards owned cars then public transport as all-purpose transportation medium along with increasing consumer spending on luxury and comfort has led to rise in car production from 2013 which was 65 million to 72 million in 2016 in the region. Coatings are used to protect the vehicle from UV radiation, foreign particles and extreme temperature and boosts the durability and appearance of the vehicle, thus stimulating regional industry growth.
North America driven by the U.S. cyclohexane market size should register steady gains over the forecast period. Nylon is an end-use product, which is used to manufacture thread and can be further transformed to clothing and textile. In 2016, U.S. textile, man-made filament & fiber, and apparel shipments was valued to be over USD 70 billion, an increase of over 10% since 2009. Growing number of single houses along with increased usage of textiles in bedding, apparel, kitchen, upholstery, handbags, medical, fashion, and clothing accessories will boost product demand.
Europe cyclohexane market size, driven by Germany, France and UK may register significant gains by 2024 owing to increased product usage in automotive sector. Light vehicles represent an important market for plastics and polymer composites and is likely to grow over the forecast timeframe. The typical light vehicle may contain over 1,000 plastic parts and may account for over 18% of the average vehicle’s weight. Shift in consumer preference for light weight vehicles along with rapid industrialization rate will result into increased product demand in the region.
Request for customization @ https://www.gminsights.com/roc/2646
Global cyclohexane market share is concentrated and competitive with prominent industry participants include Huntsman Corporation, Chevron Philips, Sinopec Limited, Sunoco Chemicals, ExxonMobil, DSM, and BASF. In 2015, DSM entered into a partnership with CVC Capital Partners to enhance its product portfolio in Composite Resins and Polymer Intermediates such as acrylonitrile and caprolactam, through the formation of a new company, ChemicaInvest B.V.
Browse Related Report
Barrier Resins Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.