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North American Vinyl Cyclohexane Market revenue to reach $21.5 Mn by 2026
Published Date: 2021-04-07
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North American Vinyl Cyclohexane Market size is estimated to cross USD 21.5 million by 2026, according to a latest forecast report by Graphical Research. The strong demand for the product for chemical synthesis and increasing consumption by the polymer industry are anticipated to support the market expansion.
The chemical industry in North America has experienced robust growth in past years and is likely to observe increasing production in the future. Other industries which are significantly contributing to the rising consumption of vinyl cyclohexane include healthcare, automotive, packaging, and defense. The aforementioned industries are widely using vinyl cyclohexane-based polymers as a substitute for mineral or metal-based products. In recent times, the rapidly growing e-commerce industry is certain to further stimulate product demand.
On the other hand, government bodies, such as the Globally Harmonized System of Classification and Labelling of Chemicals (GHS) and ECHA have classified vinyl cyclohexane as a hazardous material. The stringent regulations imposed considering the highly flammable nature of the compound both in liquid & gaseous forms are likely to present challenges to the market players. Additionally, the COVID-19 crisis has caused a severe disruption in the industry supply chain. The chemical sector has been negatively impacted by the outbreak of coronavirus and has directly hampered the growth of the market.
Browse detailed statistical insights from the report, “North America 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) @
Based on purity, consumers are increasingly favoring high purity alumina (≥98%) and the segment is estimated to witness over 5.4% CAGR till 2026. The dependency of many research activities on high-grade products and the surging consumption of the product for chemical synthesis are some of the factors substantially attributing to the market growth.
Based on application, the chemical segment dominated over 90% of the market share in 2019. The strong demand for the product is underpinned by the increasing production of chemicals in North America. For instance, after a period of declined production in 2020, the manufacturing of chemicals in the United States is anticipated to rise by 3.9% in 2021, as per the U.S.-based Atlantic Coast Conference. It is expected that manufacturers buying chemicals in the region are likely to ramp up their production post coronavirus crisis.
Some of the key manufacturers of vinyl cyclohexane include FUJIFILM Wako Pure Chemical Corporation, Sigma Aldrich, Norquay Technology, Inc., Tokyo Chemical Industry Co., Ltd., Alfa Aesar, BOC Sciences, AK Scientific, Inc., Santa Cruz Biotechnology, Inc., Matrix Scientific, City Chemical LLC, and Beantown Chemical Corporation.
The North American 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:
North America Market, By Application
North America Market, By Purity
The above information has been provided for the following countries:
- North America