European Vinyl Cyclohexane Market size is predicted to reach USD 18,032 thousand by 2026, according to a latest forecast report by Graphical Research.
Growth of the vinyl cyclohexane is driven by the evolving polymer industry. Polymer is widely used in a range of industrial sectors, including chemicals, automotive, defense, and packaging, among others. The compound is preferred primarily owing to its favorable characteristics and is usable as a substitute for mineral or metal-based products. Polymers are most used for automotive applications as they help in achieving high strength and reduced vehicle weight. Additionally, the growing e-commerce industry is fueling the demand for plastics along with its major applications in the medical, construction, aerospace, and electrical & electronics industries.
The European healthcare sector is also presenting a positive outlook for the market progress. Polyvinyl cyclohexane (PVCH) is manufactured using vinyl cyclohexane and is widely used in the medical sector owing to its dielectric property and excellent thermal stability. The European healthcare industry as elsewhere in the world is booming in recent years and has attracted investments for research & development activities. An aging population along with growing capita expenditure on healthcare is fueling the use of medical polymers for a comprehensive range of products, such as analytical vessels, contact lenses, Petri dishes, microfilter plates, breathing plates, and microscopic slides, among others.
In 2019, ≥98% purity segment dominated for over 40% of the vinyl cyclohexane market share in 2019. The chemical industry is substantially contributing to the growth of the segment. Along with chemical synthesis, vinyl cyclohexane is extensively used for research activities in the chemical sector. Hence, the constantly growing chemical industry and an increasing number of research and development activities by several institutions and laboratories will drive the product demand in the future.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
Chemical application of vinyl cyclohexane is accounted for over 80% market value. The European chemical industry is a prospering sector and fuels development & innovation throughout the whole economy. The industry accounts for some 7.5% of the European manufacturing by value and generated a sale of around Euros 565 billion in 2018. The other key factors driving the industry growth include rising per capita income, mounting investment, and the development of end-user industries. Moreover, the most promising growth segments of the chemical industry include specialty and fine chemicals. These two segments have witnessed outstanding improvement in recent years. Additionally, accelerating research projects and growing usage of vinyl cyclohexane in the production of derivative chemicals.
On the other hand, the outbreak of COVID-19 has severely affected the market growth. Some countries in Europe have one of the most cases of coronavirus patients. In a measure to contain the disease, nationwide lockdowns have been imposed by several governments. This restricted mobility interrupted international trade and stopped the manufacturing operations for a temporary period. The eased economic activities led to the downfall of the vinyl cyclohexane industry and the growth plummeted by over 9% in 2020. However, with the lifting restriction, the economic activity is likely to revive.
Some of the prominent manufacturers of vinyl cyclohexane operating in Europe are Alfa Aesar, Evonik Industries AG, Tokyo Chemical Industry UK Ltd., Apollo Scientific Ltd., and Dräger LLC.
The European vinyl cyclohexane market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2015 to 2026 for the following segments:
Europe Market, By Application
Europe Market, By Purity
The above information has been provided for the following countries: