Global Cyclohexane Market 2017-2021

Overview of the global cyclohexane market

Technavios’ cyclohexane industry analysis identifies that the increasing usage of nylon 66 will be one of the major factors that will have a positive impact on the growth of the market. Nylon 66 provides increased heat resistance and has better mechanical properties compared to nylon 6. It can be used with fibers and internal lubricants, impact modifiers, and fillers to enhance its physical properties such as ductility, strength, stiffness, friction properties, and wear resistance. Moreover, nylon 66 is widely used for many machine parts, tires, electro-insulating materials, pipes, ball bearing cages and apparel. Characteristics such as fine appearance, flexible processing, resistance to high temperature and chemicals, and increased toughness make nylon 66 appropriate for some engineering applications. Moreover, high utilization of adipic acid in the production of nylon 66 resin and fiber is observed in the market. Nylon 66 is synthesized by the polycondensation of hexamethylene diamine and adipic acid. The increased usage of nylon 66 due to its advantages will fuel the growth of the adipic acid which in turn will drive the growth of the cyclohexane market during the forecast period. Technavio’s cyclohexane market forecast predicts that this market will grow at a CAGR of close to 3% by 2021.

The rising investments and capacity expansions is one of the key trends that will gain traction in the cyclohexane market.  The construction of a new phenol plant of Deepak Phenolics that is reported to be the biggest phenol plant in India is likely functional by the end of 2017. In addition, the Asian market is expected to witness the commissioning of China’s first phenol-based cyclohexanone plant by caprolactam and nylon producer Fujian Shenyuan New Materials by the end of 2017. These capacity expansion initiatives will drive the growth of the market in the forthcoming years.