FORT WORTH, Texas, June 18, 2015 /PRNewswire/ --
The global cyclohexane market was valued at $5.8 billion in 2013, and is projected to reach $7.0 billion by 2019, at a CAGR of 3.2% from 2014 to 2019. This growth is mainly attributed to the overall cyclohexane consumption across varied industry verticals.
Browse through the TOC of global cyclohexane market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Cyclohexane has varied characteristics as per their manufacturing and application requirement. Asia-Pacific is expected to dominate this market with its increasing demand for cyclohexane in different applications, especially the adipic acid and caprolactum among others. The global cyclohexane market is expected to progress in the next five years, with allied industries stabilizing the overall cyclohexane business in respective regions.
Investments and expansions are considered as key strategies adopted by market players operating in the cyclohexane market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of cyclohexane, to match the upcoming demands coming from different end-user industries. Cyclohexane has 85% concentration, which serves to be a dominating aspect of this chemical among all other grades of acids available.
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Key players of the global cyclohexane market include Sinopec Shanghai Petrochemical Co. Ltd. (China), ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (Netherlands), The Dow Chemical Company (U.S.), JX Holdings Inc. (Japan), China National Petroleum Corporation (China), Total SA (France), Saudi Basic Industries Corporation (Saudi Arabia), BP Plc. (U.K.), and BASF SE (Germany).
The cyclohexane demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of leading companies thriving in this market.
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