Product Code: GVR-4-68038-450-5
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.
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.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Cyclohexanone Market Variables, Trends & Scope
- 3.1. Global Cyclohexanone Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Average Price Trend Analysis
- 3.5. Supply-Demand GAP Analysis, 2024
- 3.6. Regulatory Framework
- 3.6.1. Policies and Incentive Plans
- 3.6.2. Standards and Compliances
- 3.6.3. Regulatory Impact Analysis
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Industry Challenges
- 3.8. Porter's Five Forces Analysis
- 3.8.1. Supplier Power
- 3.8.2. Buyer Power
- 3.8.3. Substitution Threat
- 3.8.4. Threat from New Entrant
- 3.8.5. Competitive Rivalry
- 3.9. PESTEL Analysis
- 3.9.1. Political Landscape
- 3.9.2. Economic Landscape
- 3.9.3. Social Landscape
- 3.9.4. Technological Landscape
- 3.9.5. Environmental Landscape
- 3.9.6. Legal Landscape
Chapter 4. Cyclohexanone Market: Application Outlook Estimates & Forecasts
- 4.1. Cyclohexanone Market: Application Movement Analysis, 2024 & 2030
- 4.1.1. Caprolactam
- 4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.2. Adipic Acid
- 4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.3. Solvents
- 4.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.3.1.1. Paints & Dyes
- 4.1.3.1.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.3.1.3. Agriculture
- 4.1.3.1.4. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.3.1.5. Others
- 4.1.3.1.6. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.4. Others
- 4.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Cyclohexanone Market: Grade Outlook Estimates & Forecasts
- 5.1. Cyclohexanone Market: Technology Movement Analysis, 2024 & 2030
- 5.1.1. Technical Grade
- 5.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.2. Reagent Grade
- 5.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Cyclohexanone Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. Cyclohexanone Market: Regional Movement Analysis, 2024 & 2030
- 6.3. North America
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. U.S.
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5. Canada
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6. Mexico
- 6.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Europe
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. Germany
- 6.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5. UK
- 6.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6. Spain
- 6.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7. France
- 6.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Asia Pacific
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4. China
- 6.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5. India
- 6.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6. Japan
- 6.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.7. South Korea
- 6.5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.7.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.7.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Latin America
- 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4. Brazil
- 6.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5. Argentina
- 6.6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.7. Middle East & Africa
- 6.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4. Saudi Arabia
- 6.7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.5. South Africa
- 6.7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.5.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company categorization
- 7.2.2. List of Key Distributors and channel Partners
- 7.2.3. List of Potential Customers/End Users
- 7.3. Competitive Dynamics
- 7.3.1. Competitive Benchmarking
- 7.3.2. Strategy Mapping
- 7.3.3. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Gujarat State Fertilizers & Chemicals Limited (GSFC)
- 7.4.1.1. Participant's overview
- 7.4.1.2. Financial performance
- 7.4.1.3. Product benchmarking
- 7.4.1.4. Strategic initiatives
- 7.4.2. Asahi Kasei Corporation
- 7.4.2.1. Participant's overview
- 7.4.2.2. Financial performance
- 7.4.2.3. Product benchmarking
- 7.4.2.4. Strategic initiatives
- 7.4.3. BASF
- 7.4.3.1. Participant's overview
- 7.4.3.2. Financial performance
- 7.4.3.3. Product benchmarking
- 7.4.3.4. Strategic initiatives
- 7.4.4. Domo Chemicals
- 7.4.4.1. Participant's overview
- 7.4.4.2. Financial performance
- 7.4.4.3. Product benchmarking
- 7.4.4.4. Strategic initiatives
- 7.4.5. Ostchem
- 7.4.5.1. Participant's overview
- 7.4.5.2. Financial performance
- 7.4.5.3. Product benchmarking
- 7.4.5.4. Strategic initiatives
- 7.4.6. Fibrant
- 7.4.6.1. Participant's overview
- 7.4.6.2. Financial performance
- 7.4.6.3. Product benchmarking
- 7.4.6.4. Strategic initiatives
- 7.4.7. Shreeji Chemicals
- 7.4.7.1. Participant's overview
- 7.4.7.2. Financial performance
- 7.4.7.3. Product benchmarking
- 7.4.7.4. Strategic initiatives
- 7.4.8. JIGCHEM UNIVERSAL
- 7.4.8.1. Participant's overview
- 7.4.8.2. Financial performance
- 7.4.8.3. Product benchmarking
- 7.4.8.4. Strategic initiatives
- 7.4.9. ARIHANT SOLVENTS AND CHEMICALS
- 7.4.9.1. Participant's overview
- 7.4.9.2. Financial performance
- 7.4.9.3. Product benchmarking
- 7.4.9.4. Strategic initiatives
- 7.4.10. Qingdao Hisea Chem Co., Ltd.
- 7.4.10.1. Participant's overview
- 7.4.10.2. Financial performance
- 7.4.10.3. Product benchmarking
- 7.4.10.4. Strategic initiatives
- 7.4.11. LUXI GROUP
- 7.4.11.1. Participant's overview
- 7.4.11.2. Financial performance
- 7.4.11.3. Product benchmarking
- 7.4.11.4. Strategic initiatives
- 7.4.12. Chang Chun Group
- 7.4.12.1. Participant's overview
- 7.4.12.2. Financial performance
- 7.4.12.3. Product benchmarking
- 7.4.12.4. Strategic initiatives
- 7.4.13. UBE Corporation
- 7.4.13.1. Participant's overview
- 7.4.13.2. Financial performance
- 7.4.13.3. Product benchmarking
- 7.4.13.4. Strategic initiatives