The North America Cyclohexanone Market would witness market growth of 2.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 592.19 kilo tonnes, showcasing a growth of 0.60% (2019-2022).
The US market dominated the North America Cyclohexanone Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $934 million by 2030. The Canada market is experiencing a CAGR of 2.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 3.5% during (2023 - 2030).
Cyclohexanone, a key industrial chemical, is important across various sectors due to its versatile properties and wide-ranging applications. As a cyclic ketone, it is a crucial intermediate in producing numerous downstream products.
Additionally, the market has grown steadily due to rising demand from end-use sectors such as electronics, adhesives, paints and coatings, and pharmaceuticals. The adoption of it is propelled by its unique chemical properties, including high solvency, volatility, and compatibility with various resins and polymers.
Canada boasts a diverse agricultural landscape, encompassing various crops, livestock, and agri-food products across different regions. Cyclohexanone is a key intermediate in producing agricultural chemicals, including herbicides, pesticides, and insecticides used in crop protection and pest management.
Based on Application, the market is segmented into Caprolactam, Adipic Acid, Solvents and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The US market dominated the North America Cyclohexanone Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $934 million by 2030. The Canada market is experiencing a CAGR of 2.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 3.5% during (2023 - 2030).
Cyclohexanone, a key industrial chemical, is important across various sectors due to its versatile properties and wide-ranging applications. As a cyclic ketone, it is a crucial intermediate in producing numerous downstream products.
Additionally, the market has grown steadily due to rising demand from end-use sectors such as electronics, adhesives, paints and coatings, and pharmaceuticals. The adoption of it is propelled by its unique chemical properties, including high solvency, volatility, and compatibility with various resins and polymers.
Canada boasts a diverse agricultural landscape, encompassing various crops, livestock, and agri-food products across different regions. Cyclohexanone is a key intermediate in producing agricultural chemicals, including herbicides, pesticides, and insecticides used in crop protection and pest management.
Based on Application, the market is segmented into Caprolactam, Adipic Acid, Solvents and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Sinopec Group (China Petrochemical Corporation)
- BASF SE
- Domo Chemicals GmbH
- BP p.l.c.
- Idemitsu Kosan Co., Ltd.
- Thermo Fisher Scientific, Inc.
- Chevron Phillips Chemical Company LLC
- Koninklijke DSM N.V.
- Asahi Kasei Corporation
- Cepsa (COMPAÑÍA ESPAÑOLA DE PETRÓLEOS, S.A.)
Market Report Segmentation
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)- Caprolactam
- Adipic Acid
- Solvents
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Cyclohexanone Market, By Application
Chapter 5. North America Cyclohexanone Market, By Country
Chapter 6. Company Profiles
Companies Mentioned
- Sinopec Group (China Petrochemical Corporation)
- BASF SE
- Domo Chemicals GmbH
- BP p.l.c.
- Idemitsu Kosan Co., Ltd.
- Thermo Fisher Scientific, Inc.
- Chevron Phillips Chemical Company LLC
- Koninklijke DSM N.V.
- Asahi Kasei Corporation
- Cepsa (COMPAÑÍA ESPAÑOLA DE PETRÓLEOS, S.A.)
Methodology
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