Cyclohexanol Market Size, Share & Trends Analysis Report By Product, By Application, By Region, And Segment Forecasts, 2023 To 2030

Cyclohexanol is a colorless, viscous liquid or solid with a slight camphor-like odor. In the chemical synthesis of numerous goods, including solvents, resins, and fragrances, cyclohexanol acts as an intermediate. Additionally, it is utilized in the creation of Nylon-66 and its unsaturated derivatives, both of which are essential for the manufacturing of carpets.

The demand for product is anticipated to rise due to its increasing uses in the automotive and pharmaceutical industry. Antibiotics, anti-inflammatory medications, and analgesics are just a few of the medicines that are made using cyclohexanol as a solvent. The market is predicted to expand as a result of the rising demand for these medications. In addition, it is used in the production of nylon, which is used to make a variety of car parts like the fabrics for airbags, fuel lines, and brake parts.

Cyclohexanol is classified as a hazardous material, and the transportation & manufacturing of product is governed by stringent laws. The operating expenses for the manufacturers may go up as a result of compliance with these regulations. In addition, market players are dealing with short and medium-term factors such as shifting consumer preferences due to economic downturn, changes to industrial policies to reflect growing environmental concerns, enormous fluctuations in raw material costs caused by current geo-political rigidities, and anticipated economic turbulence.

Various large-scale and small-scale market players focus on product innovation as well as research and development. The major companies involved in the market are, UBE Industries LTD, BASF SE, Domo Chemicals Asahi Kasei Corporation, and Gujarat State Fertilizer & Chemicals Ltd, to name a few. Asahi Kasei Corporation and BASF SE have an extensive geographical reach around the world and are at top of the industry. Additionally, these companies have a strong customer base as well as a product line. Key players are focusing on expanding their capacities and