Vinyl Cyclohexane Market was valued at USD 57.6 Million in 2021 and is expected to reach USD 87.07 Million by 2029, exhibiting a CAGR of 5.3% during the forecast period (2022-2029) Vinyl cyclohexane is an organic compound produced from crude oil and other natural resources that can be synthesized in a laboratory using the Diels-Alder dimerization reaction of 1,3-butadiene. Vinyl cyclohexane is useful in the polymer industry as a raw material for the production of various chemicals, polymers, and monomers such as 2-cyclohexyl propanal and 1-vinyl cyclohexane. Vinyl cyclohexane has several uses and is one of the finest mediums for ceiling tile, roof coating, converters, and players, among others. Vinyl cyclohexane is suitable for a wide range of medical technology applications, including injection molded or transparent extruded components for non-sterile and sterile analytical vessels, Petri dishes, etc. Vinyl cyclohexane is widely used in the production of polyvinyl cyclohexane (PVCH) because it has great thermal stability and excellent dielectric characteristics. Because of properties such as molding flexibility, low birefringence, and excellent transparency, the demand for vinyl cyclohexane-based polymers has increased significantly. Chemicals, automotive, defense, packaging, and healthcare are among the industries that majorly use these polymers. The advantageous features of vinyl cyclohexane-based polymers make them an ideal compound for a wide range of industrial applications. Another important element boosting vinyl cyclohexane use is its capacity to replace other metal or mineral-based products in end-use industries. The growth of the global polymer industry, as well as potential product applications in polymerization, is driving the growth of the vinyl cyclohexane market. The chemical industry's increasing R&D investment leads to significant demand for vinyl cyclohexane. Increased polymer industry research activities, as well as the potential commercialization of vinyl cyclohexane-based polymers, are driving high vinyl cyclohexane market growth during the forecast period. Furthermore, rising research and development studies on the product's derivatives are expected to provide attractive growth possibilities for major competitors in the vinyl cyclohexane market during the forecast period. To know about the Research Methodology :- Request Free Sample Report
Vinyl Cyclohexane Market DynamicsRising Demand for Vinyl Cyclohexane from Healthcare Industry to Drive the Vinyl Cyclohexane Market Growth The medical industry is the biggest consumer of vinyl cyclohexane. Vinyl cyclohexane is used in hospitals to make transparent, molded, and non-sterile products like analytical microfilter plates, microscope slides, hoses, breathing tubes, vessels, petri-dishes, and others, as well as sterile medical equipment and gadgets like syringes, flexible blood tubes, blood detoxification membranes, dialyzers, oxygenators, cannulas, and catheters. As a result, the rapid growth of the healthcare industry is expected to increase demand for vinyl cyclohexane, further driving the vinyl cyclohexane market growth during the forecast period. Rising Demand for Vinyl Cyclohexane from Construction Industry to Drive the Vinyl Cyclohexane Market Growth Vinyl cyclohexane is a strong roof coating for the building industry and is used to make ceiling tiles and converters. Ceiling tiles and coatings made with the appropriate chemical can reflect ultraviolet and infrared light, decreasing UV and heat-related damage to the ceiling. Vinyl cyclohexane coatings are also used in combination with gypsum ceiling tile to improve the anti-weathering capabilities of ceilings. Because construction is rapidly growing in terms of income and new projects, the use of vinyl cyclohexane in the related market has increased. Because the market for vinyl cyclohexane is expected to grow due to the chemical's greater use in the building sector, the respective factor is expected to drive the growth of the Vinyl Cyclohexane market. Increased Investments in Research and Development to Drive the Vinyl Cyclohexane Market Growth The current invention relates to vinyl cyclohexane (VCH)-based polymers and copolymers, as well as their design and manufacturing techniques, which are particularly suitable for optical materials. The materials are appropriate as a substrate for optical data storage media such as compact discs, video discs, and rewritable optical discs, and are extruded or injection molded into molded bodies. Furthermore, the amorphous vinyl cyclohexane polymer is used in Nuclear Magnetic Resonance (NMR) spectroscopy. As a result, polymer-based vinyl cyclohexane or copolymer-based vinyl cyclohexane are suitable for producing optical data storage media with data storage densities larger than 5, and particularly greater than 10 Gbytes when compared to a 120mm diameter disc. These vinyl cyclohexane research and developments are expected to increase the demand and consumption of vinyl cyclohexane, further driving the growth of the global vinyl cyclohexane market. Environmental and Human Safety Hazards of Vinyl Cyclohexane to Restraint the Vinyl Cyclohexane Market Growth Despite its numerous industrial applications, vinyl cyclohexane is a hazardous and probably carcinogenic chemical. Vinyl cyclohexane has been classified as a hazardous substance by several regulatory agencies, including the ECHA and the Globally Harmonized System of Classification and Labeling of Chemicals (GHS). Furthermore, due to the product's flammability, logistics and distribution operations are difficult to control. Vinyl cyclohexane is lethal, when swallowed or enters the airways, causing severe skin burns and eye damage. It is also extremely hazardous to aquatic species, has long-term effects, and is a highly flammable liquid and vapor, which causes severe eye damage. Thus, the potential threat to humans and the environment during the production and transit of vinyl cyclohexane is expected to restrain the growth of the global vinyl cyclohexane market. Insufficiency in Raw Material Demand & Supply to Restraint the Vinyl Cyclohexane Market Growth The major restraint for the vinyl cyclohexane market is insufficient raw material demand and supply as a result of the lockdown and volatility in their costs. Furthermore, the growth rate of the vinyl cyclohexane market will be delayed by expensive research and development, increased environmental safety and conservation concerns, detrimental effects on human health, an increase in the availability of alternatives, and severe international trade restrictions. Vinyl cyclohexane has been identified as a hazardous material by several regulatory authorities, including the ECHA and the Globally Harmonized System of Classification and Labeling of Chemicals (GHS). Because of the flammability of the product, logistics and distribution activities are difficult to control. Increased product prices will also pose a serious threat to the growth of the vinyl cyclohexane industry.
Vinyl Cyclohexane Market Segment AnalysisBased on the Purity, the vinyl cyclohexane industry is segmented into 95%, 97%, and ≥ 98%. Although the sub-segment products have purity levels of more than 95%, they still include some type of impurity, which eventually lowers their market values. Vinyl cyclohexane has been increasingly employed in the chemical industry and as a chemical intermediate in a variety of other sectors within these purity standards in recent years. Moreover, a spike in the need for vinyl cyclohexane chemical intermediates in several other sectors is expected over the forecast period, which would increase their respective market demand. Furthermore, the use of vinyl cyclohexane in numerous chemical synthesis applications is rapidly increasing, which is driving the growth of the vinyl cyclohexane market during the forecast period. Based on the End-Use Industry, the vinyl cyclohexane industry is segmented into pharmaceutical, chemical, buildings & construction, paints & coatings, and others. The chemical industry is expected to dominate the vinyl cyclohexane market during the forecast period. The chemical industry is going through significant transformations. A shift in industrial dynamics has occurred, affecting the overall outlook of the industry. Despite these difficulties, a substantial number of chances have emerged for vinyl cyclohexane market players, thanks to the industry's continuous R&D investments. The main chemical corporations' R&D spending has increased dramatically across the world. With the increase in R&D efforts by chemical firms, it is expected that the vinyl cyclohexane market would gain the most traction during the forecast period.
Vinyl Cyclohexane Market Regional InsightsAsia-Pacific region dominated the Vinyl Cyclohexane market in 2021, thanks to the region’s extensive growth in chemical industries. The phenomenal growth of pharmaceutical and chemical companies, especially in India and China, is driving the Asia Pacific vinyl cyclohexane market growth. China's chemical industry is reaching its full capacity and will outperform all other countries during the forecast period. China's share of global chemical sales increased as the country's demand for vinyl cyclohexane increased. A large consumer base and favorable government regulations have stimulated investment in China's chemical industry. Because of the availability of low-cost capital and labor, government subsidies, and eased environmental laws, the country has been orientated to serve as a production base for prominent global vendors. Asia Pacific is expected to be the dominating region in the Vinyl Cyclohexane market and grow at the highest growth rate during the forecast period. This is mostly due to growing domestic markets for the Vinyl Cyclohexane market's various end-user industries. Furthermore, the chemical and pharmaceutical industries, among others, have grown significantly in nations such as China, Japan, South Korea, and India. Furthermore, supportive government regulations and subsidies in the Asia-Pacific region have boosted the Asia Pacific Vinyl Cyclohexane market growth. North America has a well-organized healthcare industry that has seen tremendous growth in the past years. Growing per capita expenditure, more R&D efforts, and increased investment in the sector have all contributed significantly to the industry's evolution. For example, healthcare spending in the United States is among the highest in the world, both as a percentage of GDP and in absolute value. Furthermore, the country's healthcare industry has grown faster than the overall economy. As a result, the increased manufacture of medical equipment such as microscopic slides, microfibre plates, breathing tubes, analytical vessels, contact lenses, etc is significantly increasing the demand for vinyl cyclohexane, further driving the growth of the vinyl cyclohexane market during the forecast period. Europe is expected to be the third largest vinyl cyclohexane market across the world. The Europe vinyl cyclohexane market witnessed a dip by more than 9% in 2020. However, as a sign of recovery, trade operations are gradually resuming, and the economy is gaining momentum as a result of the revival of industrial activities and an increased demand following the lockdown. The vinyl cyclohexane market recovered with approx. 6% growth rate in 2021. Chemical emission regulations that favor partnerships and acquisitions, and the launch of new products all contribute to the region's overall growth in the vinyl cyclohexane market. In November 2020, Cefic announced a collaboration with the European Union Information Agency for Occupational Safety and Health's (EU OSHA) Healthy Workplaces initiative.
Global Vinyl Cyclohexane Market Scope:
Vinyl Cyclohexane Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US 57.6 Mn. Forecast Period 2022 to 2029 CAGR: 5.3 % Market Size in 2029: US 87.07 Mn. Segments Covered: by Purity • 95% • 97% • ≥ 98% by End-Use Industry • Chemicals • Building & Construction • Pharmaceutical • Paints & Coatings • Others
Global Vinyl Cyclohexane Market Key Players Includes:• BASF SE • British Petroleum • Cepsa • Chevron Phillips Chemical Company LLC • Clariant Ltd • China National Petroleum Corporation • DOW INC • DSM • DuPont de Nemours, Inc. • Exxon Mobil Corporation • Huntsman Corporation • Idemitsu Kosan Co., Ltd. • Liaoning Yufeng Chemical Co. • Merck KGaA, • Norquay Technology • PTT Global Chemical Public Company Limited • Sunmarks • SABIC • Thermo Fisher Scientific Inc • Toray Industries, Inc. Frequently Asked Questions: 1] What is the growth rate of the Global Vinyl Cyclohexane Market? Ans. The Global Vinyl Cyclohexane Market is growing at a significant rate of 5.3% during the forecast period. 2] Which region is expected to have the highest growth rate in the Global Vinyl Cyclohexane Market? Ans. The Asia Pacific region is expected to hold the highest growth rate in the Vinyl Cyclohexane Market during the forecast period. 3] What is the market size of the Global Vinyl Cyclohexane Market by 2029? Ans. The market size of the Vinyl Cyclohexane Market by 2029 is expected to reach USD 87.07 Mn. 4] What are the major key players of the Global Vinyl Cyclohexane Market? Ans. The major key players of the Global Vinyl Cyclohexane Market are BASF SE, British Petroleum, Cepsa, Chevron Phillips Chemical Company LLC, Clariant Ltd, and China National Petroleum Corporation. 5] What factors are driving the growth of the Global Vinyl Cyclohexane Market in 2021? Ans. Surging demand in chemical & polymer industries and laboratory research applications is the major factor expected to drive the Global Vinyl Cyclohexane Market during the forecast period.
1. Global Vinyl Cyclohexane Market Size: Research Methodology 2. Global Vinyl Cyclohexane Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Vinyl Cyclohexane Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Vinyl Cyclohexane Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Vinyl Cyclohexane Market Size Segmentation 4.1. Global Vinyl Cyclohexane Market Size, by Purity (2021-2029) • 95% • 97% • ≥ 98% 4.2. Global Vinyl Cyclohexane Market Size, by End-Use Industry (2021-2029) • Chemicals • Building & Construction • Pharmaceutical • Paints & Coatings • Others 5. North America Vinyl Cyclohexane Market (2021-2029) 5.1. North America Vinyl Cyclohexane Market Size, by Purity (2021-2029) • 95% • 97% • ≥ 98% 5.2. North America Vinyl Cyclohexane Market Size, by End-Use Industry (2021-2029) • Chemicals • Building & Construction • Pharmaceutical • Paints & Coatings • Others 5.3. North America Vinyl Cyclohexane Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Vinyl Cyclohexane Market (2021-2029) 6.1. Europe Vinyl Cyclohexane Market, by Purity (2021-2029) 6.2. Europe Vinyl Cyclohexane Market, by End-Use Industry (2021-2029) 6.3. Europe Vinyl Cyclohexane Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 7. Asia Pacific Vinyl Cyclohexane Market (2021-2029) 7.1. Asia Pacific Vinyl Cyclohexane Market, by Purity (2021-2029) 7.2. Asia Pacific Vinyl Cyclohexane Market, by End-Use Industry (2021-2029) 7.3. Asia Pacific Vinyl Cyclohexane Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest of APAC 8. Middle East and Africa Vinyl Cyclohexane Market (2021-2029) 8.1. Middle East and Africa Vinyl Cyclohexane Market, by Purity (2021-2029) 8.2. Middle East and Africa Vinyl Cyclohexane Market, by End-Use Industry (2021-2029) 8.3. Middle East and Africa Vinyl Cyclohexane Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest of ME&A 9. South America Vinyl Cyclohexane Market (2021-2029) 9.1. South America Vinyl Cyclohexane Market, by Purity (2021-2029) 9.2. South America Vinyl Cyclohexane Market, by End-Use Industry (2021-2029) 9.3. South America Vinyl Cyclohexane Market, by Country (2021-2029) • Brazil • Argentina • Rest of South America 10. Company Profile: Key players 10.1. BASF SE 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. British Petroleum 10.3. Cepsa 10.4. Chevron Phillips Chemical Company LLC 10.5. Clariant Ltd 10.6. China National Petroleum Corporation 10.7. DOW INC 10.8. DSM 10.9. DuPont de Nemours, Inc. 10.10. Exxon Mobil Corporation 10.11. Huntsman Corporation 10.12. Idemitsu Kosan Co., Ltd. 10.13. Liaoning Yufeng Chemical Co. 10.14. Merck KGaA, 10.15. Norquay Technology 10.16. PTT Global Chemical Public Company Limited 10.17. Sunmarks 10.18. SABIC 10.19. Thermo Fisher Scientific Inc 10.20. Toray Industries, Inc.