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Europe Vinyl Cyclohexane Market Size By Application (Polymer, Chemical), By Purity (95%, 97%, ≥98%), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 - 2026
Published Date: February 2021 | Publisher: Graphical Research Report ID: GR1678 | Delivery : PDF  Request Free Sample

Europe Vinyl Cyclohexane Market size crossed 14,732 thousand in 2019 and is anticipated to register a steady growth rate of nearly 5.1% from 2020 to 2026. The growth can be attributed to the growing polymer industry and rising product application in polymerization.

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Vinyl cyclohexane is commonly used in the manufacturing of polyvinyl cyclohexane (PVCH) to achieve superior dielectric properties and high thermal stability. The demand for the product is also driven due to high transparency, low birefringence, flexibility in molding achieved by vinyl cyclohexane based-polymers. Hence, the suitable characteristics make vinyl cyclohexane-based polymers a preferable industrial choice and are used for several applications. The demand for these polymers is majorly driven by industries, including automotive, chemicals, packaging, defense, and healthcare. Viny cyclohexane-based polymers offer superior performance and provide the ability to use them as an alternative to mineral or metal-based products in end-use sectors.

Moreover, the European medical sector is presenting lucrative opportunities for the vinyl cyclohexane industry growth. The medical sector in Europe has been witnessing robust growth in the past few years. The healthcare industry is evolving due to the rising investment, increasing research & development activities, and rising per capita expenditure on healthcare. Considering the trend, the consumption of vinyl cyclohexane is likely to increase in the future majorly owing to the rising demand for medical polymers, including microfilter plates, microscopic slides, analytical vessels, breathing tubes, contact lenses, and others.

On the other hand, COVID-19 will act as a restraint for market growth. As of now, Europe has the greatest number of cases only after the U.S., making the total count of patients cross over 20 million. Therefore, in order to contain the contagious virus, nation-wide lockdowns have been imposed by several governments. This led to a disruption in the supply chain and restricted international trade. The shortfall of raw materials and an alleviating demand for the product is plummeting the industry growth. In 2020, the Europe vinyl cyclohexane market witnessed a dip of more than 9%. However, as a sign of recovery, the trade operations are gradually resuming, and the economy is boosting due to revival in the production activities and increasing demand post lockdown. It has been predicted that the market will revive with an almost 6% growth rate in 2020.

European Market, By Purity

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Among the product types, the high purity (≥98%) vinyl cyclohexane is most preferred by end-users. In 2019, accounting for almost 43% of the market share. The robust demand is ascribed to its application in research institutes, academics, and research & development activities. Other factors contributing to the increasing product consumption are the rising number of laboratories and increasing investment in R&D operations. Besides, the chemical industry is substantially contributing to the industry progress. The rising consumption of high purity vinyl cyclohexane for the chemical synthesis process is propelling the market growth and adding value to the industry size.

The presence of global players is another key factor fueling the consumption of vinyl cyclohexane in Europe. International manufacturers are heavily investing in R&D activities considering the growth prospects in the European region. Therefore, expanding production facilities and boosting research expenditure in the chemical & polymer sector will create lucrative growth opportunities for the market.

European Market, By Application

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The chemical sector is a major application segment for vinyl cyclohexane. It is to witness over 5% CAGR through 2026 driven by the wide application of the product for chemical synthesis as an intermediate chemical. The industry participants have been tapping out the growth potential of the European chemical sector. The chemical industry is observing profound changes in past years; however, it is also presenting growth opportunities for the market players. A surge in research activities will stimulate the demand for vinyl cyclohexane.

The polymer industry is constantly seeking to discover new compounds or derivatives to achieve far superior properties than the existing traditional polymers. Thus, a large number of studies are conducted with vinyl cyclohexane-based polymers, which is a prime factor fueling the product consumption and will create growth opportunities in the future.

Competitive Industry Landscape

Some of the key producers of vinyl cyclohexane include Alfa Aesar, Evonik Industries AG, Tokyo Chemical Industry UK Ltd., Apollo Scientific Ltd., Dräger LLC, BOCSCI Inc., Biosynth Carbosynth, abcr GmbH, FUJIFILM Wako Chemiclas Europe GmbH, and Santa Cruz Biotechnology, Inc.
 

Frequently Asked Question(FAQ) :

Europe vinyl cyclohexane industry size was more than 14,732 thousand in 2019 and will register 5.1% CAGR up to 2026 with a robust demand from polymer applications.
High purity (≥98%) vinyl cyclohexane held nearly 43% of the market share in Europe during 2019 and will see high demand from applications in research organizations and academics.
Europe industry share from chemical applications is expected to record around 5% CAGR over 2020-2026 with key use as an intermediate in chemical synthesis.
The Europe industry is comprised of prominent competitors like Apollo Scientific, Alfa Aesar, Biosynth Carbosynth, Tokyo Chemical Industry U.K., Dräger, among some others.

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