Cyclohexylbenzene Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
The cyclohexylbenzene refers to a bicyclic hydrocarbon formed by directly linking a cyclohexane and benzene ring. It is heated with hydrogen in the presence of a catalyst, causing partial hydrogenation to produce cyclohexene, which is then alkylated to form cyclohexylbenzene. It acts as a lithium-ion battery electrolyte additive to improve battery safety and in the manufacture of drugs and many other compounds. Cyclohexylbenzene can also be used for preparing two common intermediates for chemical products: phenol and cyclohexanone. It is widely used in the production of liquid crystal displays (LCD), lithium batteries, and plastics because of its insolubility in glycerol and water.

Sizing and Forecast
The cyclohexylbenzene market size has grown steadily in recent years. It will grow from $2.57 billion in 2023 to $2.69 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to raw material availability, regulatory environment, competitive landscape, consumer preferences, trade policies..

The cyclohexylbenzene market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to market expansion, environmental regulations, emerging market trends, global economic outlook, political stability.. Major trends in the forecast period include technological advancements, global trade dynamics, market consolidation, technological adoption in end-use industries, r&d investments..

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Segmentation & Regional Insights
The cyclohexylbenzene market covered in this report is segmented –

1) By Product Type: Standard, High Purity
2) By Application: Plastics, Paints and Coatings, Adhesives, Electrical and Electronics, Chemical Production

Asia-Pacific was the largest region in the cyclohexylbenzene market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cyclohexylbenzene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rising growth in the electronics industry is expected to propel the growth of the cyclohexylbenzene market. The electronics industry can boost a country’s economic growth, create jobs, and accelerate development in other sectors. The use of cyclohexylbenzene as an anti-overcharge additive in electric and electronic LCDs makes it a vital component identity for the electronic industry. For instance, in January 2022, a report published by the Ministry of Electronics & IT stated the projections for the various electronic products that will propel India’s transformation from a US $75 billion electronics manufacturing hub to a US $300 billion electronics manufacturing powerhouse. This growth in electronics manufacturing includes mobile phones, IT hardware (laptops, tablets), consumer electronics (TV and audio), industrial electronics, auto electronics, electronic components, and others. Therefore, the increase in manufacturing and demand for electronics will drive the cyclohexylbenzene market.

Key Industry Players
Major companies operating in the cyclohexylbenzene market report are Thermo Fisher Scientific Inc., The Merck Group, TCI Chemicals Co. Ltd., Santa Cruz Biotechnology Inc., Alfa Chemical Co. Ltd., Schultz Chemicals Limited, Biosynth International Inc., Henan Tianfu Chemicals Company Limited, Syntechem Company Limited, Amadis Chemical Company Limited, Hangzhou Hairui Chemical ltd., Oakwood Products Inc., Dynovac Industreies Inc., Anshika Polysurf Limited, Eastman Chemical Company, Samsung Group, BASF SE, MITSUBISHI Corporation, Jintan Jinnuo Chemical Co. Ltd., Anhui Fulltime Specialzed Solvents & Reagents Co.Ltd., Jiaxing Buyun Fuxin Chemical Factory, CEC Limited core competency, Nanjing Qisheng Chemical Industry Co. Ltd., Changsha Easchem Co. Ltd., Hefei TNJ Chemical Co. Ltd., Zhejiang Weihua Chemical Co. Ltd., Dayangchem Co. Ltd., Haihang Industry Co. Ltd., Jinan Haohua Industry Co. Ltd., Shanghai Hanhong Chemical Co. Ltd.

The cyclohexylbenzene market report table of contents includes:

1. Executive Summary

2. Cyclohexylbenzene Market Characteristics

3. Cyclohexylbenzene Market Trends And Strategies

4. Cyclohexylbenzene Market – Macro Economic Scenario

5. Global Cyclohexylbenzene Market Size and Growth

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31. Global Cyclohexylbenzene Market Competitive Benchmarking

32. Global Cyclohexylbenzene Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Cyclohexylbenzene Market

34. Cyclohexylbenzene Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

Thermo Fisher Scientific Inc.,

The Merck Group,

TCI Chemicals Co. Ltd.,

Santa Cruz Biotechnology Inc.,

Alfa Chemical Co. Ltd.,

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