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Cyclic hydrocarbons are a type of petrochemical that are composed of carbon and hydrogen atoms arranged in a ring structure. They are used in a variety of applications, including as solvents, lubricants, and fuel additives. Cyclic hydrocarbons are also used in the production of plastics, rubber, and synthetic fibers. They are also used in the production of pharmaceuticals, dyes, and fragrances.
The cyclic hydrocarbon market is driven by the increasing demand for petrochemicals in various industries. The growing demand for plastics, rubber, and synthetic fibers is expected to drive the market in the coming years. Additionally, the increasing use of cyclic hydrocarbons in the production of pharmaceuticals, dyes, and fragrances is expected to further boost the market.
Some of the major companies in the cyclic hydrocarbon market include ExxonMobil, Shell, Chevron, BP, Total, Sinopec, and Saudi Aramco. Show Less Read more