The new report by Expert Market Research titled, ‘Global Cyclohexylamine Market Share, Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the Global Cyclohexylamine Market, assessing the market based on its segments like product, application, end use and major regions like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2020): USD 3.3 billion
• Forecast CAGR (2023-2028): 5.2%
• Forecast Market Size (2026): USD 4.5 billion
The global Cyclohexylamine market has been gradually growing in recent years, owing to rising awareness about environmentally friendly practices, since cyclohexylamine is used to treat wastewater and as a corrosion inhibitor, to ensure sustainable development. This has significantly driven the market in the historical period.
Cyclohexylamine Industry Definition and Major Segments
Cyclohexylamine is a colourless liquid with a pungent odour that is combustible. It is utilised in organic synthesis and to keep boilers from corroding. The substance has a boiling point of 134.5 degrees Celsius and can be blended and dissolved with ethanol, ether, acetone, ethyl acetate, chloroform, heptane, benzene, and other common organic solvents. Its market is further divided into segments such as:
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Based on application, the market can be segmented into:
• Artificial Sweeteners
• Corrosion Inhibitors
• Rubber Chemicals
• Water Treatment Industry
The regional market for Cyclohexylamine includes:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Cyclohexylamine Market Trends
Globally, Asia Pacific accounts for a major portion of the market. This can be attributed to the region’s rapidly expanding rubber chemicals and corrosion inhibitor industries. In terms of production and consumption, China is one of the Asia Pacific region’s leading cyclohexylamine markets. Meanwhile, Europe has a sizable market share due to increased wastewater concerns and laws in the region.
The increased popularity of soft drinks, powdered drinks, baked goods, sweets, and ice creams, among other things, is driving up demand for artificial sweeteners, which are often utilised in both the organised and unorganised food and beverage industries. This element has aided the growth of the global cyclohexylamine industry. The growing problem of wastewater caused by improper dumping of garbage and industrial waste has increased demand for the product. Because of the growing building and construction sector, the market is also benefiting from the rise of rubber chemicals used in the manufacturing of rubber in the forecast period.
Key Market Players
The major players in the global market are LANXESS, San Fu Chemical Co., Ltd., Nanjing Datang Chemical Co., Ltd, Kanto Denka Kogyo Co., Ltd., Golden Time Chemical (Jiangsu) Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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