The Asia Pacific Cyclohexanone Market would witness market growth of 3.7% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 3,289.86 kilo tonnes, showcasing a growth of 0.72% (2019-2022).
The China market dominated the Asia Pacific Cyclohexanone Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,142.5 million by 2030. The India market is showcasing a CAGR of 4% during (2023 - 2030). Additionally, The Japan market would register a CAGR of 3.3% during (2023 - 2030).
Cyclohexanone's applications span a multitude of industries, underscoring its indispensability in modern manufacturing processes. Cyclohexanone is a key solvent for dissolving resins, pigments, and additives in the paints and coatings sector, imparting desirable properties such as flow, leveling, and drying.
Moreover, its functions as a solvent for formulating high-performance adhesives and sealants with superior bonding strength and durability in the adhesives industry. The pharmaceutical sector relies on it to synthesize pharmaceutical intermediates and active pharmaceutical ingredients (APIs).
As per the data released in 2023 by the India Brand Equity Foundation, it is expected that the Indian pharmaceuticals sector will attain a value of US$65 billion by 2024 and US$130 billion by 2030. The Indian pharmaceutical industry is estimated to be worth around $50 billion, of which more than $25 billion is derived from exports.
Based on Application, the market is segmented into Caprolactam, Adipic Acid, Solvents and Others.Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The China market dominated the Asia Pacific Cyclohexanone Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,142.5 million by 2030. The India market is showcasing a CAGR of 4% during (2023 - 2030). Additionally, The Japan market would register a CAGR of 3.3% during (2023 - 2030).
Cyclohexanone's applications span a multitude of industries, underscoring its indispensability in modern manufacturing processes. Cyclohexanone is a key solvent for dissolving resins, pigments, and additives in the paints and coatings sector, imparting desirable properties such as flow, leveling, and drying.
Moreover, its functions as a solvent for formulating high-performance adhesives and sealants with superior bonding strength and durability in the adhesives industry. The pharmaceutical sector relies on it to synthesize pharmaceutical intermediates and active pharmaceutical ingredients (APIs).
As per the data released in 2023 by the India Brand Equity Foundation, it is expected that the Indian pharmaceuticals sector will attain a value of US$65 billion by 2024 and US$130 billion by 2030. The Indian pharmaceutical industry is estimated to be worth around $50 billion, of which more than $25 billion is derived from exports.
Based on Application, the market is segmented into Caprolactam, Adipic Acid, Solvents and Others.Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Cyclohexanone Market, By Application
Chapter 5. Asia Pacific 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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