Cyclohexanone Market Size To Reach $10.73 Billion By 2030

Cyclohexanone Market Growth & Trends

The global cyclohexanone market size is expected to reach USD 10.73 billion by 2030, registering a CAGR of 3.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing automobile production, especially in Asia Pacific is anticipated to have a positive impact on the product demand.

Cyclohexanone is typically manufactured as an intermediate in the cyclohexane to caprolactam process. Apart from the traditional manufacturing processes, manufacturers have developed a novel and sustainable production process. The hydrogenation of a feed stream comprising phenol to produce cyclohexanone and cyclohexylbenzene was one such successful process developed and patented by ExxonMobil in June 2016.

In recent years, the automobile industry has witnessed robust growth, especially in Asia Pacific. Infrastructure development, improving socio-economic trends, growing disposable income, and rapid urbanization are the major factors contributing to the growth of the automobile industry. Raw materials account for over 45% of the overall manufacturing cost of the vehicles. nylon 6 and nylon 66 find application as films and coatings in the automotive industry to prevent raw materials from corrosion. Also, it is used in the production of different parts such as gears, bushes, cams, bearings, and weatherproof coatings due to its lightweight and versatile properties.

According to Organisation Internationale des Constructeurs d'Automobiles (OICA), global automotive production grew from 89.8 million units in 2014 to 95.6 million units in 2018 with the growth dominated by Asian countries. Growing production of different types of vehicles and their components due to increasing R&D activities is expected to drive the demand for nylon, in turn propelling the consumption of cyclohexanone.

The cyclohexanone demand in Europe is anticipated to grow at a sluggish rate due to low nylon demand from the downstream automotive industry. There was a price drop of nylon 66 from May 2019 to July 2019, owing to the constant supply and decreased demand. In 2016, around 16% of the nylon consumed in the region was either recycled or refurbished, which decreased the demand for new nylon, further affecting the prices.

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Cyclohexanone Market Report Highlights

• Caprolactam accounted for the largest share of 67.8% in 2024. This high percentage can be attributed to the increased production of Nylon 6, used extensively in textiles, engineering plastics, and consumer goods.

• The technical grade segment held the largest market share in 2024. The segment is driven by its role as a solvent in paints and coatings, essential for the expanding construction and infrastructure sectors.

• Asia Pacific cyclohexanone market held the largest share of 75.6% in the global market in 2024. The growing demand for nylon production drives the market, fueled by the expanding automotive and textile industries.

• The Europe cyclohexanone market was expected to grow at the fastest CAGR over the forecast period. The market is driven by the high demand from the automotive industry for nylon in vehicle production, the increasing need for adipic acid in textiles and packaging, and the growth of chemical manufacturing.

Cyclohexanone Market Segmentation

Grand View Research has segmented global cyclohexanone market report based on application, grade, and region:

Cyclohexanone Application Outlook (Revenue, USD Billion, Volume, Kilotons, 2018 - 2030)

• Caprolactam

• Adipic Acid

• Solvents

  • Paints & Dyes

  • Agriculture

  • Others

• Others

Cyclohexanone Grade Outlook (Revenue, USD Billion, Volume, Kilotons, 2018 - 2030)

• Technical Grade

• Reagent Grade

Cyclohexanone Regional Outlook (Revenue, USD Billion, Volume, Kilotons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • Spain

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • South Africa

List of Key Players in the Cyclohexanone Market

• Gujarat State Fertilizers & Chemicals Limited (GSFC)

• Asahi Kasei Corporation

• BASF

• Domo Chemicals

• Ostchem

• Fibrant

• Shreeji Chemicals.

• JIGCHEM UNIVERSAL

• ARIHANT SOLVENTS AND CHEMICALS

• Qingdao Hisea Chem Co., Ltd.

• LUXI GROUP

• Chang Chun Group

• UBE Corporation