Selbyville, Delaware, March 14, 2022 (GLOBE NEWSWIRE) --
Global cyclohexylbenzene market value is projected to reach over USD 510 million by 2027, according to a new research report by Global Market Insights Inc. Strong application scope in electronics, construction and automotive industry will boost the overall market demand.
Cyclohexylbenzene application includes solvent, intermediate and others. Other segment in the application of cyclohexylbenzene includes additive. Cyclohexylbenzene is also used in the production adhesives, therefore multiple application of construction adhesives such as fixtures to walls, ceiling applications, bathroom flooring, and molding applications led to support the demand of cyclohexylbenzene.
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Electronic grade segment is expected to surpass USD 330 million by 2027, and it is estimated to grow at 4% CAGR during the forecast period. Rapid development of electronics industry and technological advancements will propel the business landscape. Other than this cyclohexylbenzene is also used in the preparation of 4-ethyl cyclohexyl benzoic acid that used in production of liquid crystal display (LCD), that majorly used in the in watches, calculators, and laptop computer screens. The industry players invest extensively in R&D activities to improve and innovate the materials used without affecting the quality of products which impacts the market positively.
European cyclohexylbenzene market crossed USD 110 million in 2020. The growth is attributed to the strong automotive and manufacturing sector. Europe automotive paints & coatings industry will showcase potential growth prospects driven by the strong presence of major manufacturers. This is likely to propel demand for intermediates and organic solvents. Industry participants are engaged in mergers & acquisitions for enhancing their market position. Besides, expansion of vehicle manufacturing facilities in Germany, UK and France will further support the product penetration across the region.
Browse key industry insights spread across 280 pages with 296 market data tables and 21 figures & charts from the report, “Cyclohexylbenzene Market Analysis by Type (Electronic Grade and Industry Grade), Application (Intermediate, Solvent and Others), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/global-cyclohexylbenzene-market
China cyclohexylbenzene market is anticipated to reach around USD 105 million by 2027 with a CAGR of 5.5%. Favorable regulatory environment related to organic solvents and additives coupled with rapid economic and industrial development will promote the growth of cyclohexylbenzene, fostering the market expansion.
Cyclohexylbenzene manufacturers are adopting strategies such as mergers, acquisitions, and partnerships to strengthen the overall cyclohexylbenzene product portfolio, expanding the regional presence, and to gain a competitive advantage.
Some of the key participants operating in the cyclohexylbenzene industry are TCI Chemicals, Thermo Fisher Scientific, Sigma Aldrich, Oakwood Chemical, Biosynth Carbosynth, Combi-Blocks, Santa Cruz Biotechnology, ABCR Gmbh, Angene International Limited.
Table of Contents (ToC) of the report:
Chapter 3 Global Cyclohexylbenzene Market Industry Insights
3.1 Industry segmentation
3.2 COVID-19 overview of the world economy
3.3 Industry ecosystem analysis
3.4 Raw material analysis
3.4.1 Benzene
3.4.2 Hydrogen
3.4.3 Cyclohexene
3.4.4 Sulfuric acid
3.4.5 Aluminium chloride
3.5 Technology landscape
3.6 Regulatory landscape
3.7 Pricing Analysis
3.8 Industry impact forces
3.8.1 Growth drivers
3.9 Innovation & sustainability
3.10 Growth potential analysis, 2020
3.11 Porter’s analysis
3.12 Competitive landscape
3.13 List of potential customers/end-users
3.14 PESTLE Analysis
Browse the Toc of this report @ https://www.gminsights.com/toc/detail/global-cyclohexylbenzene-market
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.
