Vinyl Cyclohexane Market Size, Share & Trends Analysis Report By purity (95%, 97% And ? 98%) And End Users (Chemicals, Building And Construction, Pharmaceuticals, Paint And Coatings And Others), By Region, And Segment Forecasts, 2024-2031

The Global Vinyl Cyclohexane Market Size is valued at 64.7 million in 2023 and is predicted to reach 109.79 million by the year 2031 at an 7.05% CAGR during the forecast period for 2024-2031.

Key Industry Insights & Findings from the report:

• Vinyl compound is a standout member of the several organic chemical compound groups because of its many benefits for on-site use.
• The increasing demand in polymer industry for specialty resins is expected to drive industry growth.
• Asia Pacific dominated the market and accounted for a revenue share of global revenue in 2023.
• One of the significant concerns restraining industry growth is limited awareness and market penetration.

Vinyl cyclohexane is appropriate for various healthcare advancements, notably thermoformed or translucent extruded elements for non-sterile and sterilized analytical containers, Petri dishes, etc. The advantages of vinyl cyclohexane-based polymers make them the perfect substance for a wide range of commercial applications. The market for vinyl cyclohexane is expanding due to both the expanding global plastics industry and prospective product applications in polymerization.

During the projection period, high vinyl cyclohexane market growth is driven by exponential growth in industry research efforts and the possible production of vinyl cyclohexane-based polymers. Moreover, the dominant driver driving the market growth rate is the increased demand for vinyl cyclohexane from the paints and coatings sector in established and developing nations. Increasing uses for vinyl cyclohexane, including in implantable implants and the expansion and growth of numerous end-user industries.

Additionally, the primary drivers of the development of the vinyl cyclohexane market are an increase in government investment in R&D activities, huge requirement for vinyl cyclohexane, notably in emerging economies, the burgeoning use of vinyl cyclohexane for a variety of end application programs, including automotive, textile, and renovation, and an increase in mechanization, particularly in developing countries. However, inadequate input materials availability and demand due to the tightness and unpredictability of their costs is the main barrier to the growth of the vinyl cyclohexane industry.  

Competitive Landscape:

Some of the major key players in the Vinyl Cyclohexane market are:

• abcr GmbH
• AK Scientific, Inc
• Alfa Aesar
• BASF SE
• BOCSCI, Inc
• British Petroleum
• Cepsa
• Chevron Phillips Chemical Company LLC
• China National Petroleum Corporation
• Clariant Ltd
• Dow Inc
• DSM
• DuPont
• Exxon Mobil Corporation
• FUJIFILM Wako Pure Chemical Corporation
• Huntsman Corporation
• Liaoning Yufeng Chemical Co., Ltd
• Matrix Scientific
• Merck KGaA
• Norquay Technology, Inc
• PTT Global Chemical Public Company Limited
• SABIC
• Santa Cruz Biotechnology, Inc
• Sunmarks, LLC.
• Thermo Fisher Scientific Inc
• Tokyo Chemical Industry Co., Ltd
• Toray Industries, Inc. 

Market Segmentation:

The vinyl cyclohexane market is divided based on purity and end users. Based on purity, the market is segmented as 95%, 97% and ≥ 98%. By application, the market is segmented into chemicals, building and construction, pharmaceuticals, paint and coatings and others.

Based on purity, the 95% segment is a significant contributor to the vinyl cyclohexane market

The 95% category will hold a significant share of the global Vinyl Cyclohexane market in 2021. They continue to contain some contamination, ultimately driving down their market values. In recent years, within these purity conditions, vinyl cyclohexane has seen an increase in use in the chemical industry and as an intermediary in some other industries. Additionally, a surge in demand for vinyl cyclohexane chemical intermediates in some other sectors is anticipated throughout the projection period, boosting each industry's market demand. Vinyl cyclohexane in several chemical synthesis applications quickly expands, fueling the market's expansion during the projected period.

The chemical industry segment witnessed growth at a rapid rate

The chemical industry segment is projected to grow rapidly in the global vinyl cyclohexane market. The dynamics of the industry have changed, which has an impact on the sector's prognosis as a whole. Despite these challenges, several opportunities have opened up for vinyl cyclohexane market participants, thanks to the industry's ongoing R&D expenditures. The global R&D investment of the major chemical industries has skyrocketed. It is anticipated that the vinyl cyclohexane market will grow the fastest over the forecast period due to chemical companies' increased R&D efforts.

The North American vinyl cyclohexane market holds a significant regional revenue share

The North America vinyl cyclohexane market is expected to register the highest market share. The healthcare sector in the nation has expanded more quickly than the national economy. As a result, the demand for vinyl cyclohexane is significantly rising, supporting the expansion of the vinyl cyclohexane market for the forecast period. Examples of medical equipment produced more frequently include light microscope slides, super absorbent plates, endotracheal intubation, analytical vessels, corrective lenses, etc. In addition, Asia Pacific is projected to grow rapidly in the global vinyl cyclohexane market. This is primarily due to increasing domestic markets for the different end businesses in the vinyl cyclohexane market. The Chinese chemical industry has seen an increase in investment because of a sizable number of target consumers and benevolent government policies. The Chinese chemical industry has seen an increase in investment because of a sizable consumer base and benevolent government policies. The nation has been geared toward acting as a production hub for major international retailers due to the availability of cheap both labor and capital, government incentives, and relaxed environmental standards.

Vinyl Cyclohexane Market Report Scope:

Segmentation of Vinyl Cyclohexane Market-

Vinyl Cyclohexane Market By Purity      

• 95%
• 97%
• ≥ 98%

Vinyl Cyclohexane Market By End-Use Industry         

• Chemicals
• Building and construction
• Pharmaceutical
• Paint and coatings
• Others

Vinyl Cyclohexane Market By Region-

North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa