Vinyl Cyclohexane Market Analysis | 2023-2028

Market Insights

The vinyl cyclohexane market was estimated at USD 57.9 billion in 2022 and is likely to grow at a CAGR of 5.03% during 2023-2028 to reach USD 78.1 billion in 2028.

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Market Dynamics

Introduction

Vinyl cyclohexane (VCH) is a clear, colorless liquid hydrocarbon with the chemical formula C8H14. It consists of a cyclohexane ring attached to a vinyl group, combining stability with reactivity. Known for its low viscosity and high chemical versatility, VCH is widely used as a monomer in the production of specialty polymers and resins. It is also employed as a chemical intermediate in synthesizing advanced materials and as a solvent in industrial applications. Due to its unique structure, VCH finds applications in industries like coatings, adhesives, and elastomers, where its properties enhance product performance and durability.

Market Drivers

The vinyl cyclohexane market is driven by a host of factors, some of which are noted below:

• The vinyl cyclohexane market is primarily driven by the growing demand from the paints and coatings industry in both developing and developed nations.
• The vinyl cyclohexane market is expected to benefit from its growth in medical devices and various end-user sectors, especially in developing economies.
• The demand for the vinyl cyclohexane market is expected to grow due to increased consumer preference for polymers, potential growth in vinyl cyclohexane applications, increased investment in research and development, and modernization of production methods.
• The vinyl cyclohexane market is expected to grow moderately due to increased chemical industry demand and R&D spending, with market participants leveraging the Asian market's potential.
• Chemical businesses are prioritizing R&D due to growth visibility and new prospects. Demand for custom synthesis services and supply chain integration has surged. The top 20 chemical businesses have invested an average of 3.3% of their sales income in research, increasing the ratio from 2.7% to 3.3%.

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Key Players

The following are the key players in the vinyl cyclohexane market?:

• AK Scientific Inc.
• Alfa Aesar (Thermo Fisher Scientific)
• Apollo Scientific Ltd
• BOC Sciences
• Evonik Industries
• FUJIFILM Wako Pure Chemical Corporation
• Merck KGaA
• Norquay Technology
• Santa Cruz Biotechnology, Inc.
• TCI Chemicals (India) Pvt. Ltd.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Purity Level Type

"The 95% is expected to be dominant throughout the forecast period"

The market is segmented into 95%, 97%, and others. Although the sub-segment products have purity levels of over 95%, they still have some form of impurities present, which decrease their market prices eventually. Within these purity levels, vinyl cyclohexane has been increasingly used in the chemical industry and also as a chemical intermediary in several other industries over the past years. Also, it is expected that there would a surge in the demand for vinyl cyclohexane chemical intermediates in various other industries, which would simultaneously boost their market demand respectively. Furthermore, there has been a rapid rise in the usage of vinyl cyclohexane in a number of chemical synthesis applications, which is fostering the market demand.

By Application Type

"Chemical category is expected to be dominant throughout the forecast period"

The market is segmented into pharmaceutical, chemical, construction, and others. Among these applications, the chemical category is expected to be dominant throughout the forecast period. Of late, the entire chemical industry is exhibiting profound changes. There has been a shift in the industry dynamics, which is altering the complete outlook of the industry. In spite of all these factors, a significant amount of opportunities have arisen for the market players, majorly attributed to the ongoing R&D activities in the industry. It also has been reported that there has been a tremendous increase in the R&D investments by the major chemical companies, around the globe. It is therefore anticipated that with the surge in R&D activities by the chemical companies, the market would gain the maximum traction in the overall market, throughout the forecast period.

Regional Analysis

"Asia Pacific is anticipated to be the leading region in the market during the forecast period"

Asia Pacific is anticipated to be the leading region in the market during the forecast period. This is largely because there is a wide availability of cheap labor and raw materials, which is resulting in the shift of the chemical production facilities to the region. It is also expected that the region would witness the highest growth rate, due to increasing domestic markets for the various end-user industries of the market. Moreover, in countries such as China, Japan, South Korea, and India, in particular, there has been a remarkable rise of the chemical and pharmaceutical sectors, among other industries. In addition, the supportive government regulations and subsidies in the Asia Pacific region have aided the market growth in the region.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s vinyl cyclohexane market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The vinyl cyclohexane market is segmented into the following categories. 

By Purity Level Type

• 95% 
• 97% 
• Others

By Application Type

• Pharmaceutical 
• Chemical 
• Construction 
• Others 

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the application types by purity level type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].